Product Code: IRTNTR70822
The trike market is forecasted to grow by USD 13395.3 mn during 2023-2028, accelerating at a CAGR of 39.06% during the forecast period. The report on the trike market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by better stability in trikes when compared to conventional motorcycles, increase in number of older motorcyclists and women who prefer trikes, and growing traffic congestion spurring demand for trikes.
Technavio's trike market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 29.05% |
CAGR | 39.06% |
Incremental Value | $13395.3mn |
By Product
- Reverse trike
- Delta trike
By Retail Channel
- OEMs
- Aftermarket
- Custom builders
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the frequent modification in concept of trikes as one of the prime reasons driving the trike market growth during the next few years. Also, positioning of trikes as alternative in countries with strong passenger car market and shift from ordinary trikes to high-performance trikes will lead to sizable demand in the market.
The report on the trike market covers the following areas:
- Trike market sizing
- Trike market forecast
- Trike market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading trike market vendors that include AKO Technical, Arcimoto Inc., AZUB BIKE s.r.o., Bombardier Recreational Products Inc., Boss Hoss Cycles Inc., Campagna Motors Inc., CHAMPION TRIKES OF ARIZONA, Cheetah Trikes Inc., HANNIGAN MOTORSPORTS, Harley Davidson Inc., Motor Trike Inc., Motorcycle Tour Conversions Inc., Piaggio and C. Spa, Polaris Inc., Qooder SA, Renegade Trike Corp., Roadsmith Inc., Tilting Motor Works Inc., Van Raam Reha Bikes B.V., and Yamaha Motor Co. Ltd.. Also, the trike market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Retail Channel
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Trike Market 2018 - 2022
- Historic Market Size - Data Table on Global Trike Market 2018 - 2022 ($ million)
- 4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 4.3 Retail Channel segment analysis 2018 - 2022
- Historic Market Size - Retail Channel Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 6.3 Reverse trike - Market size and forecast 2023-2028
- Chart on Reverse trike - Market size and forecast 2023-2028 ($ million)
- Data Table on Reverse trike - Market size and forecast 2023-2028 ($ million)
- Chart on Reverse trike - Year-over-year growth 2023-2028 (%)
- Data Table on Reverse trike - Year-over-year growth 2023-2028 (%)
- 6.4 Delta trike - Market size and forecast 2023-2028
- Chart on Delta trike - Market size and forecast 2023-2028 ($ million)
- Data Table on Delta trike - Market size and forecast 2023-2028 ($ million)
- Chart on Delta trike - Year-over-year growth 2023-2028 (%)
- Data Table on Delta trike - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Retail Channel
- 7.1 Market segments
- Chart on Retail Channel - Market share 2023-2028 (%)
- Data Table on Retail Channel - Market share 2023-2028 (%)
- 7.2 Comparison by Retail Channel
- Chart on Comparison by Retail Channel
- Data Table on Comparison by Retail Channel
- 7.3 OEMs - Market size and forecast 2023-2028
- Chart on OEMs - Market size and forecast 2023-2028 ($ million)
- Data Table on OEMs - Market size and forecast 2023-2028 ($ million)
- Chart on OEMs - Year-over-year growth 2023-2028 (%)
- Data Table on OEMs - Year-over-year growth 2023-2028 (%)
- 7.4 Aftermarket - Market size and forecast 2023-2028
- Chart on Aftermarket - Market size and forecast 2023-2028 ($ million)
- Data Table on Aftermarket - Market size and forecast 2023-2028 ($ million)
- Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
- Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
- 7.5 Custom builders - Market size and forecast 2023-2028
- Chart on Custom builders - Market size and forecast 2023-2028 ($ million)
- Data Table on Custom builders - Market size and forecast 2023-2028 ($ million)
- Chart on Custom builders - Year-over-year growth 2023-2028 (%)
- Data Table on Custom builders - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by Retail Channel
- Market opportunity by Retail Channel ($ million)
- Data Table on Market opportunity by Retail Channel ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.11 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.12 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Arcimoto Inc.
- Arcimoto Inc. - Overview
- Arcimoto Inc. - Product / Service
- Arcimoto Inc. - Key offerings
- 12.4 Bombardier Recreational Products Inc.
- Bombardier Recreational Products Inc. - Overview
- Bombardier Recreational Products Inc. - Business segments
- Bombardier Recreational Products Inc. - Key offerings
- Bombardier Recreational Products Inc. - Segment focus
- 12.5 Boss Hoss Cycles Inc.
- Boss Hoss Cycles Inc. - Overview
- Boss Hoss Cycles Inc. - Product / Service
- Boss Hoss Cycles Inc. - Key offerings
- 12.6 Campagna Motors Inc.
- Campagna Motors Inc. - Overview
- Campagna Motors Inc. - Product / Service
- Campagna Motors Inc. - Key offerings
- 12.7 CHAMPION TRIKES OF ARIZONA
- CHAMPION TRIKES OF ARIZONA - Overview
- CHAMPION TRIKES OF ARIZONA - Product / Service
- CHAMPION TRIKES OF ARIZONA - Key offerings
- 12.8 Cheetah Trikes Inc.
- Cheetah Trikes Inc. - Overview
- Cheetah Trikes Inc. - Product / Service
- Cheetah Trikes Inc. - Key offerings
- 12.9 Harley Davidson Inc.
- Harley Davidson Inc. - Overview
- Harley Davidson Inc. - Business segments
- Harley Davidson Inc. - Key news
- Harley Davidson Inc. - Key offerings
- Harley Davidson Inc. - Segment focus
- 12.10 Motor Trike Inc.
- Motor Trike Inc. - Overview
- Motor Trike Inc. - Product / Service
- Motor Trike Inc. - Key offerings
- 12.11 Motorcycle Tour Conversions Inc.
- Motorcycle Tour Conversions Inc. - Overview
- Motorcycle Tour Conversions Inc. - Product / Service
- Motorcycle Tour Conversions Inc. - Key offerings
- 12.12 Piaggio and C. Spa
- Piaggio and C. Spa - Overview
- Piaggio and C. Spa - Business segments
- Piaggio and C. Spa - Key offerings
- Piaggio and C. Spa - Segment focus
- 12.13 Polaris Inc.
- Polaris Inc. - Overview
- Polaris Inc. - Business segments
- Polaris Inc. - Key news
- Polaris Inc. - Key offerings
- Polaris Inc. - Segment focus
- 12.14 Qooder SA
- Qooder SA - Overview
- Qooder SA - Product / Service
- Qooder SA - Key offerings
- 12.15 Roadsmith Inc.
- Roadsmith Inc. - Overview
- Roadsmith Inc. - Product / Service
- Roadsmith Inc. - Key offerings
- 12.16 Tilting Motor Works Inc.
- Tilting Motor Works Inc. - Overview
- Tilting Motor Works Inc. - Product / Service
- Tilting Motor Works Inc. - Key offerings
- 12.17 Yamaha Motor Co. Ltd.
- Yamaha Motor Co. Ltd. - Overview
- Yamaha Motor Co. Ltd. - Business segments
- Yamaha Motor Co. Ltd. - Key news
- Yamaha Motor Co. Ltd. - Key offerings
- Yamaha Motor Co. Ltd. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations