Worldwide Motorcycle Rental Industry to 2027 – Impact of COVID-19 on the Market
DUBLIN, Oct. 16, 2020 /PRNewswire/ — The “Motorcycle Rental – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 8th edition of this report. The 182-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Motorcycle Rental Market to Reach $265.9 Million by 2027
Amid the COVID-19 crisis, the global market for Motorcycle Rental estimated at US$193.4 Million in the year 2020, is projected to reach a revised size of US$265.9 Million by 2027, growing at a CAGR of 4.7% over the period 2020-2027.
Commuter Motorcycles, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$96.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Luxury Motorcycles segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $52.2 Million, While China is Forecast to Grow at 7.6% CAGR
The Motorcycle Rental market in the U.S. is estimated at US$52.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$55.6 Million by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Competitors identified in this market include, among others:
- Dubbelju Motorcycle Rentals
- EagleRider, Inc.
- Harley-Davidson, Inc.
- WickedRide Adventure Services Private Limited
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Motorcycle Rental Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 44
For more information about this report visit https://www.researchandmarkets.com/r/o0f5j8
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SOURCE Research and Markets