Motorbike sidecars are single-wheeled accessories that can be mounted to the side of a motorbike, scooter, or regular or electric bicycle. The vehicle's size can be increased or loads can be carried, among other reasons. A two-wheeler can become a three-wheeled vehicle by having a motorbike sidecar attached to it.
Global Motorcycle Sidecars Market Driving Factors and Challenges
The demand for products that are tailored specifically for a customer's needs, or that are 'custom-made', is supporting the market for motorcycle sidecars. The use of motorcycle sidecars in various electric bikes has recently attracted a lot of interest. The motorbike sidecars have also gained popularity among bike enthusiasts and bike fans due to its antique appeal. Bikers who are interested in vintage collections are anticipated to drive the market during the forecast period.
However there are several challenges that limit the expansion of motorcycle sidecars market. Although motorcycle sidecars were more common in the past, their use has declined over time for a number of reasons. One argument is that sidecars are less secure than solo riding because they raise the possibility of rollovers and other mishaps. In addition, sidecars can make the bike less stable and difficult to manoeuvre. Another factor is that sidecars may cost more to buy and maintain than motorcycles without them. The freedom and ease of riding alone, without having to worry about the extra weight and complication of a sidecar, is preferred by many.
Impact of COVID-19 on Global Motorcycle Sidecars Market
The automotive industry was most severely harmed by the disruption in the worldwide supply chain. The biggest blow to the two-wheeler industry's sales was consumers' choice not to purchase new cars. The lockdown led some manufacturing plants to briefly suspend their production operations due to a lack of staff who could not return to their places of employment and consequent transportation issues. However, the motorcycling industry is anticipated to see an increase in sales as pent-up demand is unleashed once the world's economies begin to open up. After they have financially recovered from the outbreak and created more high-end, cutting-edge e-mobility and waste management solutions, global motorbike titans will need to turn their focus to future growth initiatives.
Motorcycle Sidecars Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Champion Trikes & Sidecars, DMC Sidecars & Motorcycle Accessories, Texas Sidecar Company, Ural Motorcycles, Watsonian Squire Ltd., Others.
Global Motorcycle Sidecars Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, Global Motorcycle Sidecars Market is segmented as; Cruiser, Mopeds, Off-Road Bikes, Standard Bikes.
By Engine Type: Based on the Engine Type, Global Motorcycle Sidecars Market is segmented as; Electric Bike, Regular Mechanical Bike, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.