Motorcycle, Bike & Parts Manufacturing in Canada - Industry Market Research Report

Motorcycle, Bike & Parts Manufacturing in Canada - Industry Market Research Report

Motorcycle, Bike & Parts Manufacturing in Canada

Revenue for the Motorcycle, Bike and Parts Manufacturing industry in Canada has expanded over the past five years. These manufacturers are primarily small independent custom fabricators relying on specific demand trends. Similarly, almost all bicycle and bicycle parts manufacturing activities are done in low volume, mainly using foreign components and typically only adding value through customization. The industry, primarily focused on custom and high-end products, is closely tied to consumer income and confidence. Moreover, with Bombardier's Can-Am Spyder Roadster being the only mass-produced motorcycle in Canada, industry revenue is reliant on this product's performance. As a result, industry revenue is expected to rise an annualized 7.1% to $1.5 billion over the years to 2023, with an expected 5.7% growth in 2023 alone amid economic recovery from the COVID-19 pandemic, which severely eroded revenue in 2020.

The Motorcycle, Bike and Parts Manufacturing industry in Canada manufactures motorcycles, mopeds, scooters, bicycles or tricycles. It also includes operators that manufacture equipment and parts for these vehicles.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.