Recently, Persistence Market Research published a press release noting the likely growth of the motorcycle industry from 2015 to 2021. According to the release, the growing standards of living and 'increasing westernization' of the world today are stimulating the market more than ever before. Along with factors such as climbing petroleum cost and internal combution (ICE) engines, the opportunities for market growth are expected to expand all the more.
Fascinatingly, the report notes that China is expected to continue its reputation as the largest motorcycle market, mostly due to its presence as the largest world population. Following China are India and Indonesia; don't let these rankings fool you, though. Growth rates in Asian-Pacific market arenas are forecasted to be much slower than North America's, and the U.S. is poised to lead the pack when it comes to product sales as a result of economy health.
Read the full article and learn more about this insightful press release from Persistence Market Research on SBWire here.
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