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Global Three-Wheeled Motorcycle Market Share, Analysis: By Wheel Position: Two Wheels at Front, Two Wheels at Rear; By Type: Sports, Cruiser, Touring, Recreational; By Engine: Combustion Engines, Electric; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Three-Wheeled Motorcycle Market Outlook
The global three-wheeled motorcycle market is further expected to grow at a CAGR of 12% in the forecast period of 2024-2032.
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The Rising Tourism Sector to Aid the Growth of the Three-Wheeled Motorcycle Industry
Based on type, the sports and touring segments are expected to hold a significant share in the market. The growing participation of people in sports and adventure activities and the growing tourism sector is aiding the growth of the segments.
The developed regions like North America and Europe are expected to witness a considerable growth in the demand for three-wheeled motorcycles over the forecast period. Due to the rising attraction towards road trips among the youth and the availability of different types of bikes for rental purposes at tourism spots, the market is expected to expand in these regions. Meanwhile, developing regions like the Asia Pacific are expected to provide enhanced growth opportunities for the market expansion owing to the growing urbanisation and the advent of better and easier financing options for the customers.
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Three-Wheeled Motorcycle: Market Segmentation
Three-wheeled motorcycle, also known as motorised tricycle or trike, is a vehicle based on technology similar to that of bicycle or motorcycle. It can be powered by an electric motor, scooter, car, or motorcycle engine. These motorcycles prove to be helpful for learners and beginners, as well as physically-disabled persons due to its enhanced support.
Based on wheel position, the market is bifurcated into:
- Two Wheels at Front
- Two Wheels at Rear
Based on type, the industry can be segmented into:
- Sports
- Cruiser
- Touring
- Recreational
On the basis of engine, the industry has been divided into:
- Combustion Engines
- Electric
The combustion engine segment can be further grouped into up to 150 cc, 151-300 cc, 301-500 cc, and above 500 cc, based on its type. The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Concerns About Road Safety to Propel the Market for Three-Wheeled Motorcycle Forward
The rising awareness among consumers regarding road safety is pushing the growth of the three-wheeled motorcycle industry forward. The addition of a third wheel in the conventional motorcycle provides it with extra stability, thus, resulting in its increased demand among consumers. The other major factors contributing to the growth of the market include escalating disposable incomes, rising living standards, increased traffic congestion, and growing focus on comfort and design of vehicles. Currently, the three-wheeled motorcycle industry is in the nascent stage, but it is expected to gain traction during the forecast period.
Owing to technological advancements, the automotive companies are launching the products with enhanced designs, without compromising on the comfort and safety of the customers. The companies are increasingly investing in the production of three-wheeled motorcycles with two wheels in the front (the "tadpole" form or "reverse trike"). Thus, the growing demand for the reverse concept in trikes owing to its unique and eye-catching design is expected to have a positive effect on the expansion of the global three-wheeled motorcycle market.
Key Industry Players in the Global Three-Wheeled Motorcycle Market
The report gives a detailed analysis of the following key players in the global three-wheeled motorcycle market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Honda Motor Co., Ltd.
- Yamaha Motors Co., Ltd.
- Harley-Davidson, Inc.
- Polaris Industries, Inc.
- Bombardier Recreational Products Inc.
- Piaggio & C. S.p.a
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Wheel Position, Type, Engine, Region |
| Breakup by Wheel Position | Two Wheels at Front, Two Wheels at Rear |
| Breakup by Type | Sports, Cruiser, Touring, Recreational |
| Breakup by Engine | Combustion Engines, Electric |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Honda Motor Co., Ltd., Yamaha Motors Co., Ltd., Harley-Davidson, Inc., Polaris Industries, Inc., Bombardier Recreational Products Inc., Piaggio & C. S.p.a, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Three-Wheeled Motorcycle Market Analysis
8.1 Key Industry Highlights
8.2 Global Three-Wheeled Motorcycle Historical Market (2018-2023)
8.3 Global Three-Wheeled Motorcycle Market Forecast (2024-2032)
8.4 Global Three-Wheeled Motorcycle Market by Wheel Position
8.4.1 Two Wheels at Front
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Two Wheels at Rear
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Three-Wheeled Motorcycle Market by Type
8.5.1 Sports
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cruiser
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Touring
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Recreational
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Three-Wheeled Motorcycle Market by Engine
8.6.1 Combustion Engines
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Market by Type
8.6.1.3.1 Up to 150 cc
8.6.1.3.1.1 Historical Trend (2018-2023)
8.6.1.3.1.2 Forecast Trend (2024-2032)
8.6.1.3.2 151-300 cc
8.6.1.3.2.1 Historical Trend (2018-2023)
8.6.1.3.2.2 Forecast Trend (2024-2032)
8.6.1.3.3 301-500 cc
8.6.1.3.3.1 Historical Trend (2018-2023)
8.6.1.3.3.2 Forecast Trend (2024-2032)
8.6.1.3.4 Above 500 cc
8.6.1.3.4.1 Historical Trend (2018-2023)
8.6.1.3.4.2 Forecast Trend (2024-2032)
8.6.2 Electric
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Three-Wheeled Motorcycle Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Three-Wheeled Motorcycle Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Three-Wheeled Motorcycle Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Three-Wheeled Motorcycle Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Three-Wheeled Motorcycle Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Three- Wheeled Motorcycle Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Honda Motor Co., Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Yamaha Motors Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Harley-Davidson, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Polaris Industries, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Bombardier Recreational Products Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Piaggio & C. S.p.a
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Three-Wheeled Motorcycle Market: Key Industry Highlights, 2018 and 2032
2. Global Three-Wheeled Motorcycle Historical Market: Breakup by Wheel Position (USD Million), 2018-2023
3. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Wheel Position (USD Million), 2024-2032
4. Global Three-Wheeled Motorcycle Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Global Three-Wheeled Motorcycle Historical Market: Breakup by Engine (USD Million), 2018-2023
7. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Engine (USD Million), 2024-2032
8. Global Three-Wheeled Motorcycle Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Three-Wheeled Motorcycle Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 12% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing awareness of road safety, rising tourism sector, and rising penetration into emerging markets, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising technological advancements and growing product enhancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading wheel positions of three-wheeled motorcycle in the market are two wheels at front and two wheels at rear.
The major types of three-wheeled motorcycle in the industry are sports, cruiser, touring, and recreational.
The significant engine types in the market are combustion engines and electric.
The major players in the industry are Honda Motor Co., Ltd., Yamaha Motors Co., Ltd., Harley-Davidson, Inc., Polaris Industries, Inc., Bombardier Recreational Products Inc., and Piaggio & C. S.p.a, among others.
Analyst Review
The global three-wheeled motorcycle market is being driven by the rising awareness of road safety. Aided by the increasing technological advancements, the market is expected to witness a robust growth in the forecast period of 2024-2032, growing at a CAGR of 12%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By wheel position, the market is divided into two wheels at front and two wheels at rear. On the basis of type, the industry is categorised into sports, cruiser, touring, and recreational. Based on engine, the market can be bifurcated into combustion engines and electric. The major regional markets for three-wheeled motorcycle are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honda Motor Co., Ltd., Yamaha Motors Co., Ltd., Harley-Davidson, Inc., Polaris Industries, Inc., Bombardier Recreational Products Inc., and Piaggio & C. S.p.a, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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