Fact.MR has published a new research report titled “Motorcycle Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2026”, which ardently focuses on the growth status of the global motorcycle market in the coming years. This report highpoints that development of enhanced safety mechanisms for safeguarding drivers, merged with improved suspension systems for adding comfort are known to impact buying behavior. Furthermore, increased focus towards road-traffic infrastructure is expected to aid the bolstering growth of the motorcycle market.
According to this Fact.MR study, the motorcycle market is likely to observe steady growth during the 2017-2026 period. It is estimated that global sales of motorcycles will reach 40 million units in 2019. The contribution by leading manufacturers is fueling the global motorcycle market to expand itself and reach a wider consumer population. As a result, the target market is projected to advance at 3.8% CAGR until 2026. Development of refined safety mechanisms to lessen the frequency of accidents is one of the prime factors that is expected to bolster motorcycle sales in the near future.