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Trike Market by Product, Sales Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70822
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 Trike Market - 2021-2025

The projected valuation of the trike market by 2025 is USD 1.09 billion. The growth momentum of the market is expected to decelerate at a CAGR of 11.97%, during 2021-2025. This research report elucidates the market drivers and trends that have been catalyzing the progress of existing market players. One of the key factors driving the trike market growth is trikes offering better stability compared to conventional motorcycles. View our sample report for insights on the latest drivers, trends, and challenges that will have a far-reaching effect on the market growth in the coming years.

Trike Market Size

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Trike Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our trike market analysis report extensively covers product (reverse trike and delta trike), sales type (OEMs, aftermarket, and custom builders), and geography (North America, Europe, APAC, MEA, and South America), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the trike market segments to recognize and seize financial opportunities

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen the market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic trike market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Trike Market Vendors and Competitive Analysis

The trike market size report discusses the current market structure in-depth and how it will shape up during the forecast period based on the entry and exit of market players. At present, the trike market is fragmented and the vendors are deploying various organic and inorganic growth strategies to gain a competitive advantage. Take a look at our sample report to get an idea of the well-thought-out business planning approaches of key players.

The unprecedented outbreak of COVID-19 last year impacted market segments that have had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

For detailed insights on complete key vendor profiles buy the full trike market forecast report. The profiles include particulars on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Trike Market Vendors

Trike Market - Region Opportunities 2021-2025

North America will contribute 59% of the overall trike market growth during the forecast period. The US and Canada are the key markets for trikes in North America. To unlock exclusive information on potential business markets, economic trends and risks in geographies, and emerging prospective customers buy the report now!

Trike Market Share by Geography

North America has been exhibiting a significant growth rate for trike market vendors. Factors such as the increase in baby boomers and female motorcycle riders are accelerating the trike market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

However, the trike market share growth in North America will be slower than the growth of the market in Europe. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Trike Market Insights by Product

Trike Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

According to our market segmentation data analysis, the reverse trike segment is expected to be a significant contributor to the growth of the trike market share during the forecast period. Reverse trikes have more stability achieved through proper weight distribution, which, in turn, allows effective braking. Reverse trikes are used by OEMs due to their high acceleration. The ideal customers for these trikes are aged people, female riders, and beginner motorcycle riders. But this segment is witnessing rising demand from youth, who are enthusiastic to try the new concept in the motorcycle industry and are long-distance riders. This report provides an accurate prediction of the revenue share of all the segments to the growth of the trike market size.

From the trike market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Trike Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding trike market growth is high pricing for trikes compared to traditional vehicles. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

Trikes are three-wheeled motorcycles, which offer high stability, as the rider does not need to put the feet down while stopping. Reverse or tadpole trikes offer better stability compared to delta trikes. This feature allowed OEMs to shift toward high-performance trikes, which provide increased thrust, acceleration, and more safety compared to traditional vehicles, thus working as an advantage for trikes. The global trike market has observed high demand from those who have never ridden a motorcycle before in regions like the US, Japan, and Europe, where the use of a car is high compared to motorcycles. Riding a trike is simple to learn as it does not require any kind of balance. These factors have allowed the riders to travel safely, pushing the demand for trikes in household segments also.

Technavio research analysts have done an in-depth analysis of the trike market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

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Trike Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive trike market growth during the next five years
  • Precise estimation of the trike market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the trike market across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of trike market vendors

Buy the Trike Market report now to reimage your business strategies!

 

Trike Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 11.97%

Market growth 2021-2025

$ 1.09 billion

Market structure

Fragmented

YoY growth (%)

20.12

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 59%

Key consumer countries

US, Canada, UK, China, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Harley-Davidson Inc., Polaris Inc., AZUB BIKE s.r.o., Yamaha Motor Co. Ltd., Arcimoto Inc., Boss Hoss Motorcycles, Bombardier Recreational Products Inc., , KWANG YANG MOTOR Co. Ltd., Piaggio and C. Spa, Qooder SA, and

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Reverse trike - Market size and forecast 2020-2025
    • Delta trike - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Sales type

    • Market segments
    • Comparison by Sales type
    • OEMs - Market size and forecast 2020-2025
    • Aftermarket - Market size and forecast 2020-2025
    • Custom builders - Market size and forecast 2020-2025
    • Market opportunity by Sales type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Arcimoto Inc.
      • AZUB BIKE s.r.o.
      • Bombardier Recreational Products Inc.
      • Boss Hoss Motorcycles
      • Harley-Davidson Inc.
      • KWANG YANG MOTOR Co. Ltd.
      • Piaggio and C. Spa
      • Polaris Inc.
      • Qooder SA
      • Yamaha Motor Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The trike market growth will increase by $1096.86 million during 2020-2025.
      The trike market is expected to grow at a CAGR of 11.97% during 2020-2025.
      Technavio has segmented the trike market by product (Reverse trike and Delta trike) ,other1 (OEMs, Aftermarket, and Custom builders) , and geographic (North America, Europe, APAC, MEA, and South America).
      Arcimoto Inc., AZUB BIKE s.r.o., Bombardier Recreational Products Inc., Boss Hoss Motorcycles, Harley-Davidson Inc., KWANG YANG MOTOR Co. Ltd., Piaggio and C. Spa, Polaris Inc., Qooder SA, Yamaha Motor Co. Ltd. are a few of the key vendors in the trike market.
      North America will register the highest growth rate of 58.83% among the other regions. Therefore, the trike market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Canada
      • UK
      • China
      • France
      The key factors driving the trike market growth are:
      • Trikes offer better stability compared to conventional motorcycles
      The trike market vendors should focus on grabbing business opportunities from the reverse trike segment as it accounted for the largest market share in the base year.
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