Automotive and Transportation

Global Trike Market 2016-2020

  • TEC620386
  • 81 Pages
  • July 2016
  • Automotive and Transportation
About the Trike Market

The global motorcycle industry consists of two categories of motorcycles based on the number of wheels:
Two-wheeled conventional motorcycles
Trikes with three wheels
The traditional two-wheeled motorcycle dominates the market because these machines are engineered with tested and proven mechanisms and offer significant mileage. Another type of vehicle is the trike. This vehicle was introduced during the last decade, but mostly focused on three-wheeled counterparts to motorized trikes. However, motorcycle trikes and scooter trikes remain in the nascent stage. Motorcycle trikes may gain traction during the forecast period. A trike can be classified into three broad categories:
1. Trike classification
Source: Technavio
The use of motorcycle trikes is increasing in step with the rising adoption of heavyweight motorcycles. The exhibit below depicts the growth of overall heavyweight motorcycles for mobility in North America and Europe, and depicts the increasing shift toward the widespread use of trikes in heavyweight motorcycles by 2020.

Technavios analysts forecast the global trike market to grow at a CAGR of 13.22% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global trike market for 2016-2020. To calculate market size, the report considers the unit sales of trikes across all regions.

The market is divided into the following segments based on geography:
APAC
Europe
North America

Technavio's report, Global Trike Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Bombardier Recreational Products
Campagna Motors
Harley-Davidson
Polaris Industries

Other prominent vendors
Lehman Trikes
Motor Trike
MTC Voyager
Roadsmith Trikes
Tilting Motor Works

Market driver
Rising numbers of baby boomers and women riders expanding market demand for trikes
For a full, detailed list, view our report

Market challenge
Higher initial price compared to traditional motorcycles
For a full, detailed list, view our report

Market trend
Rising backward (reverse) concept in trikes
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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