Connected Motorcycle Market Share

Europe Market Forecast

The Europe connected motorcycle market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the increasing count of bikes and mopeds, followed by the rising sales of motorcycles in the region. For instance, it was found that, in 2019, the sale of motorbikes jumped 9.1% totaling over 1 million motorcycles and mopeds in Europe. Further, the presence of a strong biker network in the region is also anticipated to contribute to market growth in the coming years. In addition, the surging ratio of collaborations among the prominent key players is also anticipated to boost the growth of the market during the forecast period.

Asia Pacific Market Forecast

Furthermore, the Asia Pacific connected motorcycle market, is also anticipated to display notable market growth by the end of 2037. The growth of the market can be attributed to the dynamically rising growth in the use of motorcycles in nations such as China, Japan, and so on. For instance, Japan had around 10.35 million motorcycles in use as of March 2021. Moreover, increasing disposable income and a surge in the adoption of technological innovations are some other major factors that are estimated to propel the market growth further over the forecast period in the region. In addition to this, the escalating ratio of urbanization is another significant factor that is also projected to push the market growth in the coming years in this region.