Published on : Apr 21, 2017
Albany, New York, April 21, 2017: In the present world, motorcycles have become the most common and popular means of transport and the motorcycle market is flooded with different brands of motorcycles that are available across the world. A new report, titled “Motorcycles North America (NAFTA) Industry Guide 2016” which has been recently added to the online repository of Market Research Hub (MRH), which provides top-line data and analysis covering the NAFTA motorcycles market. The overall market description comprises the details of market share, market size during the review period of 2011 to 2015 and future growth until the end of 2020.
The prime focus of the study is NAFTA, which is the world’s largest free trade agreement. The North American Free Trade Agreement (NAFTA) is a comprehensive agreement that sets the rules for international trade and investment between the United States, and Mexico. Firstly, the report provides deep insights into the industry outlook for NAFTA motorcycles market for each country. This section encapsulates major information, such as market overview, segmentation and outlook. The researchers have also done porter’s five forces analysis to examine the level of competition within an industry and business strategy development.
In the further sections, Compound annual growth rate (CAGR) is provided for this market and is based on the last 5 years of available data. According to the key findings, the motorcycles industry within the NAFTA countries had a total market value of $6,654.0 million in 2015. The Mexico was the fastest growing country, with a CAGR of 10.4% over the 2011-15 period.
It has also been analyzed that within the motorcycle industry, in 2015, consumers in the United States purchased well over 500,000 motorcycles; this figure reflects a 3.6 percent increase in total U.S. motorcycle sales over the previous year. Due to this, U.S. became the leading country among the NAFTA bloc, with market revenues of $4,241.2 million in 2015. In addition to this, analysts have estimated that the U.S. is expected to lead the motorcycles industry in the NAFTA bloc, with a value of $5,224.1 million in 2020, followed by Mexico and Canada with expected values of $2,211.4 and $799.4 million, respectively.
Also, the report includes textual and graphical analysis of market growth trends and leading companies. At the end, the report highlights the company profiles of the leading companies operating in the market. Some of them are as follows:
- Yamaha Motor Co. Ltd.
- Honda Motor Co. Ltd.
- Kawasaki Heavy Industries, Ltd.
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This section of company profiles will disclose details of key motorcycles market players NAFTA operations and financial performance, which can be helpful for the buyers to create effective strategies.
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