Motorcycle Market to cross $225.8 Bn by 2032, Says Global Market Insights Inc. [Yahoo! Finance]
KAWASAKI HEAVY INDS S/ADR (KWHIY)
NASDAQ:AMEX Investor Relations:
global.kawasaki.com/en/corp/ir
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Source: Yahoo! Finance
Selbyville, Delaware, March 06, 2024 (GLOBE NEWSWIRE) -- The motorcycle market valuation is projected to reach USD 225.8 billion by 2032, as reported in a research study by Global Market Insights Inc. The increasing demand for fuel-efficient and environmentally friendly transportation options will favor the market growth. The surging rate of urbanization and traffic congestion is increasing the popularity of motorcycles for their maneuverability and efficiency in crowded areas. Additionally, the rising interest in recreational and adventure riding is driving the demand for off-road and sport motorcycles. Technological advancements, including electric motorcycles and smart features are further attracting consumers to seek modern and innovative transportation solutions. For instance, in January 2023, Hero MotoCorp, India's largest two-wheeler maker, commenced commercial trials of production for its flex-fuel motorcycles, expected to be introduced in the 100 to 125 cc mass segment
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