Used Bike Market By Distribution channel (C2C, B2C), By Source (Domestically Manufactured, Imported Bikes), By Engine capacity (50 to 125cc, 125 to 250cc, Above 250cc, Electric Drive), By Type (Standard, Sports, Cruiser bikes, Mopeds, Others), By Propulsion (ICE, Electric): Global Opportunity Analysis and Industry Forecast, 2021-2031
A used bike is one that has been driven previously or that has been owned by one or more individuals. It is sometimes referred to as a pre-owned bike or a second-hand bike. Used bikes can be purchased from independent auto dealers, online marketplaces, and conventional walk-in used auto dealerships. Franchises enable consumers to purchase and sell used bikes as well as use social media and online used vehicle marketplaces.
Standard motorbikes are easier to ride and handle than other types of bikes such as sports and cruisers, which increases demand for used standard bikes. They also come in a wide range of sizes and are excellent for daily commuting because they are affordable, dependable, comfortable, and economical. These typical bikes are chosen for daily commuting or travel because of their features and their low maintenance costs. This is anticipated to fuel the market's growth.
Moreover, the motorcycle category primarily focused on performance is that of sports bikes. They have a strong engine, a light frame, and handlebar locations that support an aggressive riding stance. Additionally, sports motorbike suspension systems are more advanced with more compression and rebound settings, enhancing the ground clearance during turns and allowing the rider to adopt a more prone position. Many sports bike manufacturers, including Harley-Davidson, Yamaha Motor Corporation, and others, have created and launched platforms for used bikes. For instance, in July 2021, Harley-Davidson debuted the HD-1 Marketplace, an online platform on their main website. Only the U.S. presently has access to this facility for buying and selling used Harley-Davidson motorcycles. They may anticipate it being offered in other regions of the world shortly, it further stated. It is anticipated that the development of such certified pre-owned or used bikes will increase demand for sports motorcycles and hence, fuel the used bike market.
In the market for bike taxis, scooters are becoming more popular, particularly for medium- and short-distance excursions. Due to their modest speed and ease of use, scooters are more maneuverable than motorbikes. Due to their significantly smaller weight than motorcycles, scooters are easier to ride in tight spaces and over rough terrain, making them a practical and economical method of transportation. Due to these advantages, the scooter market for used bikes is anticipated to expand rapidly throughout the forecast period.
The market for used bikes is boosted by reasons including the expansion and popularity of motocross competitions, the technological progress of adventure and mountain bikes, and the growth of adventure motorcycles. In addition, it's becoming more popular to upgrade outdated adventure motorcycles with modern inventions in frame metals, riding techniques, and shape to make them more modern. As a result, the demand for used adventure motorcycles drives their upgrading and enhancement, which in turn drives the market growth.
The market segmentation is based on the distribution channel, source, engine capacity, type, propulsion, and region. By distribution channel, it is divided into C2C (Consumer-to-consumer), and B2C (Business-to-consumer). By source, it is classified into domestically manufactured and imported bikes. By engine capacity, it is categorized into 50 to 125cc, 125 to 250cc, above 250cc, and electric drive. By type, it is divided into standard, sports, cruiser, mopeds, and others. By propulsion, it is bifurcated into ICE and electric. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Batfa Japan Inc., Blade Motorcycles, Droom, India Kawasaki Motors Pvt. Ltd., Motohunt Inc, Motorbikes4All, Mundimoto Europe SL, Triumph Motorcycles, Used Motorcycle Store. Com (Dealer Spike), and Yamaha Certified Pre-Owned.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the used bike market analysis from 2021 to 2031 to identify the prevailing used bike market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the used bike market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global used bike market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution channel
B2C
C2C
By Source
Domestically Manufactured
Imported Bikes
By Engine capacity
50 to 125cc
125 to 250cc
Above 250cc
Electric Drive
By Type
Standard
Sports
Cruiser bikes
Mopeds
Others
By Propulsion
ICE
Electric
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Asean
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Batfa Japan Inc.
India Kawasaki Motors Pvt. Ltd.
Droom
Motorbikes 4 All
Triumph Motorcycles
Yamaha Certified Pre-Owned
Motohunt Inc.
Blade Motorcycles
Mundimoto Europe SL
Used Motorcycle Store (Dealer Spike)
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