Feb 12, 2018   SOURCE: PR NewsWire

Global Adventure Motorcycles Market 2017-2021 by Engine Capacity - Market Expected to Grow at a CAGR of 10.08%

DUBLIN, Feb. 12, 2018 /PRNewswire/ --

The "Global Adventure Motorcycles Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.

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Global adventure motorcycles market to grow at a CAGR of 10.08% during the period 2017-2021.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the increasing use of active suspension systems. Most of the motorcycles are designed with a suspension system that works according to the condition of the road. This is called passive suspension system. A new type of suspension system, which acts perpendicular to the road, is connected with the chassis of the motorcycle. This is called active suspension system. It is more suitable for off-road motorcycles because passive suspension systems are not effective on off-road terrains. Most off-road motorcycles use passive suspension system with a longer suspension rod. The awareness of off-road motorcycles has forced the manufacturers to adapt to newer technology to sustain in the market. Manufacturers such as KTM, Suzuki, and Yamaha have started making off-road type motorcycles with semi-active suspension systems. This trend of the use of active suspension systems in adventure motorcycle could have a positive impact on the market.

According to the report, one of the major drivers for this market is the growing popularity of long-distance touring and experiential traveling. The growth of the adventure motorcycles market is based on the growing popularity of long-distance touring. It has been observed that adventure motorcycles are better equipped with amenities required for long-distance touring. Most riders in this segment are aged between 50-54 years, followed by 45-49 years and 55-59 years. These motorcycles are expensive averaging a price more than $20,000, with clothing and gear adding another $3,000. Hence, younger riders may find it difficult to afford. However, the adoption rate of adventure motorcycles has rapidly increased as they fulfill most of the rider's requirement in long-distance touring as well as on asphalt.

Further, the report states that one of the major factors hindering the growth of this market is the high penetration of commuter motorcycles in emerging countries. OEMs hesitate to enter the emerging countries for adventure motorcycle sales due to the high penetration of commuter motorcycles in these countries. The price of adventure motorcycles is high. This is one of the primary reasons for their inability to penetrate in the developing countries' market.

Key Vendors

    --  BMW Group
    --  Honda Motor Company
    --  KTM
    --  Yamaha

Other Prominent Vendors

    --  Aprilia
    --  Benelli Q.J.
    --  Ducati Motor Holding
    --  Kawasaki Motors Corp
    --  Suzuki Motor
    --  Triumph Motorcycles

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation by Engine Capacity

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/7vr499/global_adventure?w=5

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SOURCE Research and Markets