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[Market Research Report] Global Market for Motorcycles, Scooters, and Mopeds

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The market size for motorcycles, scooters, and mopeds is expected to see significant growth in the coming years. It is projected to grow to $464.49 billion by 2028, with a compound annual growth rate (CAGR) of 7.2%. The anticipated growth during the forecast period is attributed to the increase in the adoption of electric vehicles, the incorporation of smart and connected features, the rise of last-mile delivery solutions, integration with the sharing economy, and the expansion of markets into rural areas. Key trends expected during the forecast period include ongoing innovations in safety, the impact of e-commerce and direct-to-consumer sales, the integration of connectivity and the Internet of Things (IoT), the growth of shared mobility services, and the influence of cultural preferences on the industry.