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Global Motorcycle Sidecars Market Expected to Reach 62 Million Units by 2026, Driven by the Growing Demand from Off-Road Bikers

According to a new report by EMR titled, 'Global Motorcycle Sidecars Market Report and Forecast 2021-2026', the global market for motorcycle sidecars is expected to grow at a CAGR of 6% in the forecast period of 2021-2026 to reach a volume of 62 million units by 2026.

The market growth of motorcycle sidecars is being driven by the rising demand from off-road bikers in the past few years, owing to their advantage on roads that are filled with ice and gravel. The market is further aided by the rising attention towards the product from the motorcycle enthusiasts and bike lovers. Several motorcycle enthusiasts have transformed their bikes with the attachment of a motorcycle sidecar for various purposes like trekking and off-road biking. Many bike lovers are purchasing motorcycle sidecars to relive the vintage era; as a result, aiding the market growth. The motorcycle sidecars have made it easy for a three-person travel journey, and the vehicle also remains well balanced.

Ural Motorcycles, a Russian maker of heavy sidecar motorcycles, acquired the production techniques and design for BMW R71 motorcycles and sidecars in 1940. The company offers factory fit side car even to this day, along with 2wd and a reverse gear as well. The motor which is used is essentially a BMW (OTCMKTS: BMWYY) Boxer engine. The company has transformed the relic to be used in the modern times. The company continues to manufacture a modern and updated version of the M72, which still comes with its tough build and unique features. The demand from the bike lovers to whom the vintage motorcycle sidecars appeal is aiding the market growth of motorcycle sidecars.

Market Analysis by Vehicle Type, Vehicle Engine Type, Distribution Channel, Sales Channel, and Region:

  • The motorcycle sidecars industry, on the basis of vehicle type, is divided into standard bikes, off-road bikes, cruiser, and mopeds.
  • Based on vehicle engine type, the industry is segmented into electric bike and regular mechanical bike, among others.
  • By distribution channel, the industry is segregated into online, offline, and others.
  • On the basis of sales channel, the industry is categorised into OEMs, aftermarket, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for motorcycle sidecars is being driven by the inflating disposable income of the population.
  • The market is further aided by the rising demand for custom-made product or tailor-made products according to customer requirements.
  • The rising demand for motorcycle sidecars to be used in several electric bikes is aiding the market growth of the product. 
  • The growing interest around motorcycle sidecars due to their vintage looks are expected to enhance the market growth of the product.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for motorcycle sidecars for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the vehicle types, vehicle engine types, distribution channels, sales channels, and major regions of motorcycle sidecars. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Ural Motorcycles, DMC Sidecars & Motorcycle Accessories, Champion Trikes & Sidecars, Watsonian Squire Ltd., and Texas Sidecar Company, among others, are the key players in the global motorcycle sidecars market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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