Published on 4 Dec 2022 on Insider Monkey via Yahoo Finance
In this article, we discuss the 15 biggest bike companies in the world. If you want to read about some more bike companies, go directly to 5 Biggest Bike Companies In The World.
A motorcycle is a two-wheeled vehicle, often called a bike, consisting of a metal frame, an engine or an electric motor, and other mechanical and electronic components. It is a popular mode of private transport among the people of both developing and developed societies. The designs of motorcycles are based on the purpose they are built for. For example, sports bikes, cruisers, off-roading, long-distance traveling etc. Similarly, the engine and power capacities may vary, concerning the application. The popularity of motorbikes is mostly due to their cost-effectiveness and fuel consumption. The only downside of this mode of transport is its vulnerability to road accidents.
The current focus of the global motorcycling industry is towards reducing carbon emissions and introducing cleaner and greener technologies, better customer services, research and development, and improving mass production capacity and processes. As the global middle-class population grows, demand for efficient and cheap transportation methods is expected to climb dramatically in the coming years. Motorcycles are becoming more popular as a feasible option; hence, demand for motorcycles and scooters is expected to climb.