Motorcycle Sidecars Market Outlook
According to a new report by Expert Market Research titled, “Motorcycle Sidecars Market Trends, Share, Size, Analysis, Report and Forecast 2024-2032″, the global motorcycle sidecars market grew significantly in 2023. Aided by the rising trend of motorcycle tourism and an increasing preference for unique transportation means, the market is projected to further grow at a CAGR of 6% between 2024 and 2032 to reach a volume of 69.66 million units by 2032.
Motorcycle sidecars, a one-wheeled device attached to the side of a motorcycle, making it a three-wheeled vehicle, have been in use since the early 20th century. While they were initially designed for utility purposes – to transport more passengers or cargo – today, they have emerged as a symbol of vintage charm and are prominently featured in various motorcycle rallies, shows, and events.
As per the motorcycle sidecars market analysis, the resurgence of interest in vintage and classic motorcycles has played a pivotal role in propelling the market. Enthusiasts are restoring older models, often integrating sidecars for both aesthetic and functional reasons. This trend is not just confined to individual enthusiasts but has also seen traction among tour operators, who offer motorcycle sidecar tours, especially in scenic locales.
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Additionally, the practical aspect of sidecars can’t be ignored. In many developing nations, motorcycles are a primary means of family transportation. Sidecars offer a cost-effective solution to increase passenger or cargo capacity without needing to invest in a larger or second vehicle. This practical application is a significant driving factor for the motorcycle sidecars market growth in regions with dense urban populations and limited transportation infrastructure.
Beyond the traditional, the market also witnesses innovations. Modern sidecars are equipped with advanced features such as integrated braking systems, adjustable suspension, and even luxury amenities. Manufacturers are continuously evolving their offerings to cater to the new-age customer while maintaining the vintage appeal.
One of the emerging motorcycle sidecars market trends is the use of motorcycle sidecars in recreational activities and sports. Sidecar racing, though niche, has a dedicated following, and events are held across various parts of the world. The thrill of racing, combined with the unique dynamics of a sidecar-equipped motorcycle, offers a distinct experience, further promoting sidecars’ appeal.
Lastly, sidecars have seen a growth in their utilitarian application, beyond passenger transport. Many delivery services, especially in congested urban areas, are using motorcycle sidecars for quicker transportation of goods, propelling the motorcycle sidecars market demand. Their compact size, combined with the ability to carry larger loads than a standard two-wheeler, makes them an efficient choice.
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Motorcycle Sidecars Market Segmentation
The market can be divided based on vehicle type, vehicle engine type, distribution channel, sales channel, and region.
Market Breakup by Vehicle Type
- Standard Bikes
- Off-Road Bikes
Market Breakup by Vehicle Engine Type
- Electric Bike
- Regular Mechanical Bike
Market Breakup by Distribution Channel
Market Breakup by Sales Channel
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global motorcycle sidecars market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ural Motorcycles
- DMC Sidecars & Motorcycle Accessories
- Champion Trikes & Sidecars
- Watsonian Squire Ltd.
- Texas Sidecar Company
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