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A new report by Future Market Insights presents interesting insights into the global conventional motorcycles and scooters market and traces the growth of the market over a 10 year forecast period 2017 – 2027. The report titled ‘Conventional Motorcycles and Scooters Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’ is a comprehensive take on the global conventional motorcycles and scooters market with detailed forecasts based on market taxonomy being an essential component of the research.

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Product Type – Standard Motorcycles Popular in the Conventional Motorcycles Market

Standard motorcycles are very popular and are expected to gain a massive 390 BPS by the end of the forecast period. This can largely be attributed to their affordability, making them sought after by lower-middle class and middle-class customers. Standard motorcycles are almost half the global conventional motorcycles market in terms of absolute dollar opportunity.

Product Type – Standard Scooters Dominate the Conventional Scooters Market

Standard scooters are easy to handle and convenient to ride, spurring their popularity with youngsters, women, and senior citizens. The volume of standard scooters is poised to exceed 26 million units by the end of 2027. An incremental dollar opportunity of approx. US$ 16 Bn exists in the standard scooters market for the decadal study.

Engine Capacity – Minimum Capacity Motorcycles Have Maximum Volume

The motorcycles with a cubic capacity of less than 150 CC have a market share of more than 3/4^th the conventional motorcycles market and are predicted to retain this commanding position. These motorcycles offer their riders the best of both worlds by being able to strike the right balance between performance and fuel efficiency.

Engine Capacity – Up to 150 CC Scooters Largest Conventional Scooters Market Segment

Scooters with a cubic capacity of less than 150 CC are the focus area for key stakeholders in the conventional scooters market as they are able to eke out the maximum fuel efficiency for every drop of fuel. The less than 150 CC scooter segment is on track to record a CAGR of 4.3% from 2017-2027.

Region – APEJ Motorcycles Market Races Ahead in the Conventional Motorcycles Market

The fast-growing, dynamic economies of China, India, and Indonesia have millions newly entering the middle class and seeking out a means of personal mobility. These customers naturally gravitate towards motorcycles leading to this region being the most important by a considerable margin in the conventional motorcycles market. With unit sales approaching 43 million units by 2027, it is not surprising to see why.

Region – APEJ Scooters Market Largest in Conventional Scooters Market

The APEJ scooter market is larger than all other regions combined in the conventional scooters market and it is imperative that companies have a foothold in this crucial region. The highest growth is projected to be in the APEJ region causing its market share to rise from 87% to 89% by the end of the forecast period. All other regions should only grow by a single percentage point or lesser.

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Conventional Motorcycles and Scooters Market Taxonomy

Conventional Motorcycles Market

• Product Type
  • Standard
  • Cruiser
  • Mopeds
  • Sports
  • Others
• Engine Capacity Type
  • Up to 150cc
  • 151-300cc
  • 301-500cc
  • Above 500cc

Conventional Scooters Market

• Product Type
  • Standard
  • Enclosed
  • Maxi
  • Three-Wheeled
• Engine Capacity Type
  • Up to 150cc
  • 151-300cc
  • 301-500cc
  • Above 500cc

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan ( APEJ)
• Japan
• Middle East & Africa

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Conventional Motorcycles and Scooters Market: Competition Dashboard

Future Market Insights has profiled some of the most prominent companies active in the conventional motorcycles and scooters market. These include Yamaha Motors Co., Piaggio, Suzuki Motor Corporation, Honda Motor Co., Hero Motocorp, Eicher Motors, Harley-Davidson, Bajaj Auto, TVS Motor Company, Lifan Industry, Ducati Motor Holding, KTM, Triumph Motorcycles, Kwang Yang Motor Co., Syarikat Motosikal dan Enjin Nasional Sdn. Bhd., Sanyang Motor Co., Walton Group, QianJiang Group Co., Luoyang Northern Ek Chor Motorcycle Co., and Chongqing YinXiang Motorcycle.

Important Insights on the Conventional Motorcycles and Scooters Market

The bulk of the activity is seen in the APEJ region as a massive middle class is gravitating towards conventional motorcycles and conventional scooters because of their convenience and cost-effectiveness over four-wheelers. Large players are entering into tie-ups with local distributors and vendors to cater to the demand from far-flung areas, thereby expanding their potential customer base.

 

FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027). Among the battery types, the lead-based battery segment in the electric bike market is expected to expand at a CAGR of more than 3% in terms of value over the forecast period.

The global market for battery electric bike is estimated to represent a total increment opportunity of 6.1 Bn from 2017 to 2027. Asia Pacific excluding Japan (APEJ) is estimated to account for a value share of 81% in the global electric bike market by the end of 2017, and is also expected to dominate the market during the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the electric bike market during this period.

Adoption of Clean Technology Expected to Boost the Electric Bike Market

Government agencies are focusing on electro-mobility and reducing pollution, hence, zero emission vehicles are being increasingly promoted through attractive incentives and schemes. This has led to an enhanced focus on electric bikes and thus, a significant increase in the sales of electric bikes is expected over the forecast period. Apart from curbing air pollution, electric bikes also help reduce the level of noise pollution.

Growth in the transportation sector has severely depleted non-renewable petroleum reserves, and this has increased the prices of fuel. Fuel prices are expected to increase exponentially in the coming years as crude oil reserves will be reduced, which will pave the way for the growth of vehicles running on alternate sources of energy.

Moreover, the prices and consumption of petroleum products as fuel in the automotive sector is growing day by day, and to reduce the global consumption of the same, manufacturers and governments are promoting the usage of electric bikes as they are far more fuel-efficient compared to conventional automobiles. These factors are estimated to enhance the electric bike market.

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Segmentation Analysis of the Electric Bike Market
The electric bike market is segmented on the basis of product type, battery type and technology.
• Pedelecs is expected to be the most prominent segment in terms of volume and value over the forecast period. The pedelecs sub-segment of the electric bike market is estimated to grow at a CAGR of 3.2% in terms of value over the forecast period. Pedelecs are expected to represent a total incremental opportunity of US$ 3.9 Bn between 2017 and 2027 in the electric bike market. The electric scooter and motorcycle sub-segments are projected to grow at a relatively low CAGR as compared to pedelecs over the forecast period

• The most prominent battery type in the electric bike market is estimated to be the lead-based battery. The lead based battery segment is estimated to grow at a steady CAGR over the forecast period in the electric bike market
• The battery electric scooter segment is the most prominent technology segment in the electric bike market. It is estimated to account for more than 80% of the electric bike market throughout the forecast period.

Regional Market Projections of the Electric Bike Market
The electric bike market in APEJ is expected to represent a significantly high incremental opportunity between 2017 and 2027. The electric bike market in APEJ is expected to represent a total incremental opportunity of US$ 6.1 Bn between 2017 and 2027.

Electric Bike Market Participants
This report highlights some of the top companies operating in the electric bike market, which include ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co. Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group.

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Key Segments Covered in the Electric Bike Market Report
On the basis of product type, the electric bike market can be segmented into:
• Electric Scooter
• Electric Motorcycles
• Pedelec
On the basis of battery type, the electric bike market can be segmented into:
• Li-Ion
• NiMH
• Lead-based
On the basis of technology, the electric bike market can be segmented into:
• Plug-In
• Battery
On the basis of region, the electric bike market can be segmented into:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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Top Reports Related To Automotive Market Insights

Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.
Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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As compared to conventional concrete products, polymer concrete products have been observed to display a superior compressive strength as well as impact strength. Moreover, polymer concrete is capable of enduring high-frequency vibrations and can be used for constructing complex shapes. Therefore, use of the polymer concrete in industrial infrastructures such as waste containers, pump bases, industrial flooring blocks, chemical containments and trench drains has grown significantly over the past couple of years. Recently, Future Market Insights (FMI) conducted a study on the global market for polymer concrete and found that production of polymer concrete is likely to grow from 143,620 Tons in 2015 to 328, 0159.9 Tons by the end of 2027.

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FMI’s report titled “Polymer Concrete Market Global Industry Analysis and Opportunity Assessment, 2017–2027” reveals that currently, the market is valued at around US$ 300.5 Mn and is estimated to exceed US$ 691 Mn by 2027, reflecting a 7.9% CAGR during the forecast period (2017-2027).  The market is expected to witness an incremental $ opportunity of US$ 369.9 Mn during the same period on account of the increasing requirement of materials with high durability, chemical resistance and corrosion resistance. On the flip side, lack of product awareness continues to be a major factor, inhibiting the growth of the market.

Additional Insights from the Report Include:

• Regions such as Europe and North America are already witnessing a widespread adoption of polymer concrete material in the construction application.

• Owing to the low-cost benefit over other resins, polyester continues to be the preferred choice for manufacturing polymer concrete products. By 2017-end, polyester polymer concrete is expected to account for more than 25% market share.

• On the basis of binding agents, synthetic resins hold a major share of the market. Synthetic resins are estimated to account for around 62.4% share of the market by 2017-end. At the same time, demand for natural resin is expected to remain sluggish throughout the forecast period.

• Polymer concrete finds widespread application in building chemical containments and pump bases. Collectively, these two segments account for more than 30% value share of the market.

• In 2017 and beyond, the global polymer concrete market is expected to be massively influenced by further product innovation and new product development.

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Manufacturers of polymer concrete have channelized efforts on developing multiple desired properties in their products to gain competitive advantage, such as toughness, durability & long life, extreme chemical resistance and ease of installation of polymer concrete products. FMI in its report has profiled some of the leading companies operating in the global market for polymer concrete, which include ACO Group, Sika AG, BASF SE, and Kwik Bond Polymers LLC.

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global rare earth metals market is poised to witness steady growth at around 6% CAGR, exceeding the market valuation of US$ 3,818.8 Mn between the forecast period 2021 and 2031.

Growing consumer preference towards electronic vehicles and rapid expansion of the automotive and electronic industry are emerging as chief factors augmenting the growth of the rare earth metals market.

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Presence of high-growth potential industries including consumer goods and renewable energy in developed countries such as the U.S., the U.K., and Germany will propel sales in the market.

Permanent magnets used in wind turbines are produced from rare earth metals such as dysprosium and neodymium. Considering this, a steady expansion of wind turbine installations worldwide will create conducive environment for rare earth metals sales.

Besides this, the market will continue gaining from application in manufacturing batteries installed in electric vehicles. With electric and hybrid vehicles sales forecast to gain momentum in the coming years, the demand for rare earth metals with consistently rise.

Rising digitization and urbanization in developing countries such as China, India, and South Korea is boosting the demand for consumer electronics, which in turn is fostering sales of rare earth metals.

As per FMI, Asia Pacific excluding Japan will continue exhibiting high growth within the global market. Within the region, the Neodymium segment is likely to gain remarkable 270 basis points by 2026 in comparison to that of 2016.

China, trailed by India, will emerge as the dominant market for rare earth metals in Asia Pacific. The continued surge in mining activities, besides expansion of electronics and automotive sectors will support growth in the country.

Key Takeaways from FMI’s Rare Earth Metals Market Study

• Neodymium will emerge as the most preferred metal type throughout the forecast period.
• Permanent magnets will dominate the application-type segment.
• The U.S. will exhibit high demand due to rapid expansion of automotive and renewable energy industries.
• China will lead the rare earth metals market owing to the presence of major players and increasing production of consumer electronics.
• The U.K. will experience steady growth, which is attributable to increasing demand by various end-use industries.
• South Korea and Japan will account for nearly 14% of the market share.

“Companies operating in the market are adopting sustainable mining policies to gain competitive edge. Besides this, they are seeking approval from international organizations to aid capacity expansion,” says the FMI analyst. 

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Competitive Landscape

China Northern Rare Earth (Group) High-Tech Co., Ltd., Rising Nonferrous Metals Share Co., Ltd., Lynas Corporation, China Minmetals Corporation Limited, and Aluminium Corporation of China Limited are some leading players operating in the rare earth metals market.

Key strategies being incorporated by manufacturers include emphasis on sustainable mining practices, research, and development regarding efficient use of metals, industry-grade machinery installations, and expansion of procurement facilities. For instance:

• In December 2019, Lynas Corporation joined hands with Kalgoorlie Boulder, based out of Australia, to open a new processing plant for processing materials mined from the nearby Mt Weld lanthanide deposits.
• In June 2021, Arafura Resources Ltd., received approval and a Letter of Support from the Northern Australian Infrastructure Facility (NAIF) for the inclusion of its Nolan NdPr sites as a statutory defined area of North Australia, enhancing the sustainable mining practices in the region.

More Insights on the Rare Earth Metals Market

In its latest report, FMI offers an unbiased analysis of the global rare earth metals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of application type (catalysts, permanent magnets, metallurgy & alloys, polishing, glass, phosphors, ceramics, and others (fertilizers, pigments, defense, etc.) metal type (Neodymium, Yttrium, Dysprosium, Terbium, Europium, Cerium, Lanthanum) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan, and Middle East & Africa)

The geosynthetics market has been witnessing a phenomenal growth over the past few years. Above-average GDP growth in the developing South Asian economies such as Vietnam, India, and Indonesia has resulted in an exponential growth of construction activities, which in turn is fuelling the demand for geosynthetics across these regions. Moreover, the geosynthetics market is becoming competition-intensive, owing to the presence of a large number of manufacturers.

Key players in the South Asia geosynthetics market include Enviro Geosynthetics Pvt. Ltd., Global Synthetics Pty Ltd, NAUE GmbH & Co. KG, Polyfabrics Australasia Pty Ltd, Tensar International Corporation, Geofabrics Australasia Pty Ltd, HUESKER Synthetic GmbH, GSE Environmental, Inc., E.I. du Pont de Nemours & Co., and Koninklijke Ten Cate NV.

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India Continues to Remain the Most Lucrative Country for Geosynthetics in South Asia

Future Market Insights (FMI), in its report titled, “Geosynthetics Market: South Asia Industry Analysis and Opportunity Assessment 2017-2027” projects the global geosynthetics market to expand at an impressive double-digit CAGR of 12.6% during the forecast period in terms of volume. FMI estimates that sales of geosynthetics will surpass 1700 Mn m² in South Asia by 2027. India is expected to be the most lucrative country in South Asia geosynthetics market, followed by ASEAN (Association of Southeast Asian Nations). India is expected to account for more than 700 Mn m² sales of geosynthetics by 2027.

Polypropylene Remains the Most Sought-After Geosynthetic Material

By product type, geotextile is likely to continue its dominance over the South Asia geosynthetics market, expanding at a volume CAGR of 13.9%. Geomembrane, another prominent product type, is expected to reach 274.3 Mn m² by the end of the forecast period.

Polypropylene remained the most lucrative material in the South Asia geosynthetics market, and is expected to remain so during the forecast period. This segment is anticipated to account for 55.5% market volume share by 2027.

Separation continues to be the leading primary function for geosynthetics, whereas containment primary function is estimated to witness fastest volume growth at 14% CAGR during the forecast period.

Demand for geosynthetics from road construction sector is expected to remain robust during the forecast period. Future Market Insights estimates demand from this segment to surpass 900 Mn m² by 2027. In addition, ‘dams, riverbanks & waterworks’ will remain the second largest application segment in the South Asia geosynthetics market during the forecast period.

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Emphasis on Increasing Mining Capacity to Fuel the Demand for Geosynthetics in South Asia

Geosynthetic materials find widespread adoption in road development projects, mainly utilised for subgrade separation & stabilisation, filtration & drainage facility, base reinforcement, along with an overlay stress absorption & reinforcement. The application of geosynthetics in railway lines facilitates improved stress propagation and provides better stability. Applications in these sectors will continue to fuel the demand for geosynthetics in South Asia.

Geosynthetic materials are also witnessing robust demand from the mining industry. Emphasis on increasing mining capacity and related productivity has compelled miners in propagating deep mining. Moreover, water containment or waterproofing applications utilise geosynthetic materials, particularly geomembranes, for avoiding water absorption by forming a layer. These factors are influencing the growth of the South Asia geosynthetics market.

Several governments are focusing on investing significantly in the development of road and rail infrastructure in the South Asian region, which in turn is expected to fuel the demand for geosynthetics in this region during the forecast period. In contrast, requirement of high-cost specialised equipment, lack of skilled personnel, absence of awareness on the long-term benefits of geosynthetics among contractors and construction companies is expected to restrain market growth.

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Market segmentation

By Product Type

• Geotextile
• Geomembrane
• Geogrid
• Geonet
• Geocomposite
• Geosynthetic Clay Liner
• Others (Geofoam and Geocell)

By Material

• Polyethylene(HDPE/LLDPE, Others)
• Polypropylene (PP)
• Polyester
• Natural Fibres
• Others (PVC, Synthetic Rubber, etc.)

By Primary Function

• Separation
• Drainage and Filtration
• Containment
• Reinforcement

By Application

• Road (Paved & Unpaved
• Railways
• Retaining Walls
• Dams, Riverbanks, Waterworks
• Landfill & Erosion Control
• Others (Agriculture, Nursery, etc.)

By Region/CountryIndia

• ASEAN
• Australia
• New Zealand
• Rest of South Asia

Global demand for textile colourants was pegged at 5,972 thousand tonnes in 2016. It is projected to increase to 6,248 thousand tonnes in 2017. Demand for textile colourants is anticipated to remain steady on account of growing applications in apparel and automotive industries. Demand is anticipated to remain higher in developing countries, owing to low labour costs and infrastructure development. Asia Pacific accounted for nearly 53% revenue share of the global textiles market in 2014.

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Cotton Largest Segment by Fibre Type

By fibre type, cotton remains the largest segment, followed by nylon and polyester. Demand for cotton textile colourants was pegged at 541 thousand tonnes in 2016; this is expected to reach 561.6 thousand tonnes in 2017. Among other fibre types, acrylic is projected to grow at the fastest CAGR.

Reactive Dye Largest Segment by Dye Type

By dye type, the market has been segmented into,

• Reactive dye
• Acid dye
• Direct dye
• Disperse dye
• Basic dye

Among these, reactive dye accounts for the highest volume share of the market. Over 611 thousand tonnes of reactive dyes were consumed in 2016 – this is projected to increase to over 636 thousand tonnes in 2017. Demand for acid dye, the second largest dye type, is expected to reach 586 thousand tonnes in 2017.

Powdered Textile Colourants Preferred by Manufacturers 

On the basis of product form, the global textile colourant market has been segmented into powder, granules, paste, and liquid. Among these, demand for textile colourants in powder form is the highest, with this segment accounting for 663 thousand tonnes in demand.

Apparels Largest Application Segment

By application, the market has been segmented into apparels, household, technical textiles, automotive, and accessories. Demand for textile colourants in apparels is projected to surpass 1065 thousand tonnes in 2017.

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China to Lead Demand in APEJ

Asia Pacific excluding Japan remains the largest market for textile colourants globally. Textile colourants consumption in APEJ was estimated at 885 thousand tonnes in 2016; it is expected to grow to 925.5 thousand tonnes in 2017.

China remains the largest consumer of textile colourants in APEJ, accounting for nearly 531 thousand tonnes in 2016. This represents a market opportunity worth US$ 1.34 Bn. China textile colourants market is anticipated to grow at 5.2% in terms of value during the forecast period.

Leading companies profiled by Future Market Insights in its report include Huntsman Corporation, LANXESS AG, KRONOS Worldwide, Inc., Kiri Industries Ltd., Atul Ltd., Allied Industrial Corp., Ltd., Archroma Management LLC, DyStar Group, Standard Colors, Inc., and Dye Systems, Inc.