Global Trike Market 2024-2028

Global Trike Market 2024-2028

The trike market is forecasted to grow by USD 13395.3 mn during 2023-2028, accelerating at a CAGR of 39.06% during the forecast period. The report on the trike market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by better stability in trikes when compared to conventional motorcycles, increase in number of older motorcyclists and women who prefer trikes, and growing traffic congestion spurring demand for trikes.

Technavio's trike market is segmented as below:

By Product

• Reverse trike
• Delta trike

By Retail Channel

• OEMs
• Aftermarket
• Custom builders

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the frequent modification in concept of trikes as one of the prime reasons driving the trike market growth during the next few years. Also, positioning of trikes as alternative in countries with strong passenger car market and shift from ordinary trikes to high-performance trikes will lead to sizable demand in the market.

The report on the trike market covers the following areas:

• Trike market sizing
• Trike market forecast
• Trike market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading trike market vendors that include AKO Technical, Arcimoto Inc., AZUB BIKE s.r.o., Bombardier Recreational Products Inc., Boss Hoss Cycles Inc., Campagna Motors Inc., CHAMPION TRIKES OF ARIZONA, Cheetah Trikes Inc., HANNIGAN MOTORSPORTS, Harley Davidson Inc., Motor Trike Inc., Motorcycle Tour Conversions Inc., Piaggio and C. Spa, Polaris Inc., Qooder SA, Renegade Trike Corp., Roadsmith Inc., Tilting Motor Works Inc., Van Raam Reha Bikes B.V., and Yamaha Motor Co. Ltd.. Also, the trike market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.