"Market Intelligence for High-Geared Performance"

Trike Market Size, Share & Industry Analysis, By Type (Conventional, Electric), By Application Type (Commercial, Leisure) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI103586 | Status : Ongoing



Trikes are principally three-wheeled motorcycles, which are which is known for their increased safety and stability of the rider. These are mostly used for leisure and cruising purposes. Trikes are inexpensive and compact motorcycles. Improved stability is one of the key factors driving the global trikes market. However, the trikes market places high demands for first time motorcycle riders. Riding a trike is easier to learn as compared to two wheeled motorcycles as it does not require bike balancing skills and also has high stability. These factors have enabled the riders to travel safely thus creating high demand for trikes amongst young population. Moreover, traffic congestion is one of the major reason which increases the commuting time in urban areas. Owing to this, the demand for trikes is increasing in cities. The increasing traffic congestion also makes it difficult for the motorcycle riders, especially those who suffer from knee problems. Trikes offers great convenience and comfort for the motorcyclist. In addition, the rise in the accidents while riding traditional motorcycles is likely to further boost the demand for trikes.

Key Market Driver -

Increasing demand for comfort and convenience bike riding is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

High cost trikes may hinder the growth of the market during the forecast period.

Market Segmentation:

Globally, the bicycle front derailleurs market is segmented by type, by application type, and by geographic coverage. Based on type, the market is further segmented into conventional trikes and electric trikes. The electric trikes market shows an exponential growth in the global market and is expected to dominate over the forecast period. Electric trikes are lightweight three-wheeled motorcycles that has functions similar to a car and are powered by lithium-ion batteries. These electric tricycles also have passenger capacity, seats, cargo space, as well as they protect the occupants from extreme weather conditions. As, these trikes are propelled by batteries, the technological development in batteries is one of the significant factors in the electric trike market. The application type is further segmented into commercial purposes and leisure purposes. Leisure segment holds the major share in the global market as the adoption of trikes amongst the young and female population has increased over the years. The enhanced comfort, convenience and stability are few of the key advantages which is propelling the trikes market for leisure purposes. Also, the rising disposable income, rising environmental concern, as well as rapid advancement in the motorcycle technology is gaining high traction in the market. However, the trikes are also used for cargo and transportation purposes which is fuelling the growth of trikes in the commercial purpose segment. Hotels and tourism industries have deployed trikes for transportation and rental purposes. People rent trikes for pleasure and thrill. Also, these trikes are used for shipping cargos from one place to another at short distances.                       

Key Players:

Major players operating in the global bicycle front derailleurs market include MTC Voyager, American Bike and Trike, HARLEY-DAVIDSON, Tilting Motor Works, BUHLER, BRP, Campagna Motors inc, Polaris Inc., and Motor Trike Inc. among others.

Key Insights

  • New Advancements in bicycle front derailleurs

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players

Regional Analysis:

Geographically, the bicycle front derailleurs market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America holds the major revenue share in the global market owing to the rise in the demand amongst the young and female population. Also, the rising trend for trikes riding as well as increasing fuel emission from conventional vehicles is boosting the electric trikes in this region. Europe holds the second largest share in the global market owing to the presence of prominent key players as well as the rapid adoption of these motorcycles by the young generation in this region. Also, the government of various countries in this region are encouraging the use of electric rides and vehicles in order to curb the increasing air pollution caused by fuel emissions. Asia Pacific is also showing a steady growth in the global market owing to the rising urbanization, improvement in the living standards and rise in the income level of people in this region. The manufacturers are also investing to expand their business in the emerging economies of this region. Moreover, the increasing adoption and development in motorcycle technology especially in countries such as India, China and Japan are expected to boost the trike market in this region.

To gain extensive insights into the market, Request for Customization




By Type

  • Conventional

  • Electric

By Application Type

  • Commercial

  • Leisure

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients


Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.