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Global Three-Wheeled Motorcycle Market: By Wheel Position: Two Wheels at Front, Two Wheels at Rear; By Type: Sports, Cruiser, Touring, Recreational; By Engine: Combustion Engines, Electric; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
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 2021-2026.
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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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.
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 Industry Opportunities and Challenges
8 Global Three-Wheeled Motorcycle Market Analysis
8.1 Key Industry Highlights
8.2 Global Three-Wheeled Motorcycle Historical Market (2016-2020)
8.3 Global Three-Wheeled Motorcycle Market Forecast (2021-2026)
8.4 Global Three-Wheeled Motorcycle Market by Wheel Position
8.4.1 Two Wheels at Front
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Two Wheels at Rear
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Three-Wheeled Motorcycle Market by Type
8.5.1 Sports
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Cruiser
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Touring
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Recreational
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.6 Global Three-Wheeled Motorcycle Market by Engine
8.6.1 Combustion Engines
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.1.4 Market by Type
8.6.1.4.1 Up to 150 cc
8.6.1.4.1.1 Market Share
8.6.1.4.1.2 Historical Trend (2016-2020)
8.6.1.4.1.3 Forecast Trend (2021-2026)
8.6.1.4.2 151-300 cc
8.6.1.4.2.1 Market Share
8.6.1.4.2.2 Historical Trend (2016-2020)
8.6.1.4.2.3 Forecast Trend (2021-2026)
8.6.1.4.3 301-500 cc
8.6.1.4.3.1 Market Share
8.6.1.4.3.2 Historical Trend (2016-2020)
8.6.1.4.3.3 Forecast Trend (2021-2026)
8.6.1.4.4 Above 500 cc
8.6.1.4.4.1 Market Share
8.6.1.4.4.2 Historical Trend (2016-2020)
8.6.1.4.4.3 Forecast Trend (2021-2026)
8.6.2 Electric
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Three-Wheeled Motorcycle Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Honda Motor Co., Ltd.
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 Yamaha Motors Co., Ltd.
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Harley-Davidson, Inc.
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Polaris Industries, Inc.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Bombardier Recreational Products Inc.
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Piaggio & C. S.p.a
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Three-Wheeled Motorcycle Market: Key Industry Highlights, 2016 and 2026
2. Global Three-Wheeled Motorcycle Historical Market: Breakup by Wheel Position (USD Million), 2016-2020
3. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Wheel Position (USD Million), 2021-2026
4. Global Three-Wheeled Motorcycle Historical Market: Breakup by Type (USD Million), 2016-2020
5. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Type (USD Million), 2021-2026
6. Global Three-Wheeled Motorcycle Historical Market: Breakup by Engine (USD Million), 2016-2020
7. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Engine (USD Million), 2021-2026
8. Global Three-Wheeled Motorcycle Historical Market: Breakup by Region (USD Million), 2016-2020
9. Global Three-Wheeled Motorcycle Market Forecast: Breakup by Region (USD Million), 2021-2026
10. North America Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2016-2020
11. North America Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Europe Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2016-2020
13. Europe Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Asia Pacific Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2016-2020
15. Asia Pacific Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Latin America Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2016-2020
17. Latin America Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Middle East and Africa Three-Wheeled Motorcycle Historical Market: Breakup by Country (USD Million), 2016-2020
19. Middle East and Africa Three-Wheeled Motorcycle Market Forecast: Breakup by Country (USD Million), 2021-2026
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 2021 and 2026.
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 2021-2026, 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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