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The trike market size is forecast to increase by USD 13.40 billion at a CAGR of 39.06% between 2023 and 2028. The market is experiencing significant growth due to several key factors. One of the primary reasons is the improved stability that trikes offer compared to conventional motorcycles. This attribute is particularly appealing to older riders or those with disabilities, making the market an attractive option for this demographic. Another trend influencing the market is the frequent modification of trike concepts, leading to innovative designs and features. However, the high price point of trikes compared to traditional motorcycles remains a challenge for market growth. Despite this, the market is expected to continue expanding due to its unique benefits and evolving offerings.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Retail Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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