Industry Analysis & Industry Trends
The Motorcycle Sales and Repair industry has turned a corner in recent years. Growth has been propelled by changes in driving trends and increased disposable income after a period of economic recovery. Demand for big-ticket purchases like motorcycles has been supported by rising disposable incomes. Motorcycles, particularly trail and supersport bikes, are used for leisure rather than commuting purposes and so the industry is heavily influenced by changes in discretionary spending and consumer confidence. Smaller bikes used for commuting purposes have become increasingly popular as people seek to avoid the higher fuel costs and traffic congestion associated with cars.
Industry revenue is expected to grow at a compound annual rate of 2.4% over the five years through 2016-17... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Motorcycle Sales and Repair industry is in the mature stage of its life cycle. The industry's contribution to the economy is forecast to increase at a compound annual rate of 3.9% over the 10 years through 2021-22. Meanwhile, the economy is expected to grow at a compound annual rate of 2.3% over the same period. Motorcycle sales are expected to grow over the next five years but growth is expected to be slower than in recent years as the industry approaches saturation.
The number of businesses in the industry has fallen over the past five years. However, new firms are expected to enter the industry in the coming five years, marginally increasing the number of enterprises. Ris.. purchase to read more