Research Methodology – On-Road Motorcycle Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the On-Road Motorcycle Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the On-Road Motorcycle Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share:
- Customer demographics such as age, gender, income group, and buying preferences.
- Total number of on-road motorcycle manufacturers, dealers, and distributors in the target market.
- Revenue generated from the sale of on-road motorcycles.
- Current and past sales volume of on-road motorcycles.
- Geographic distribution of the market.
- Regulatory framework and its impact on sales.
- Technological advancements in on-road motorcycle design and manufacturing.
- Competition levels and market fragmentation.
- Future market growth predictions.
- Economic indicators like GDP, purchasing power parity, etc.
Key Market Indicators:
- Total sales volume and value.
- Customer's buying behavior and their purchase frequency.
- Market concentration rate and competition levels.
- Market growth rates (CAGR).
- Market profitability and return on investment (ROI).
- Industry trends and future market predictions.
- Market share of top manufacturers or providers.
- Production capacity and supply chain efficiency.
- Technological adaption or innovation rate.
- Macro-economic factors and the effect on market dynamics.
Growth Trends:
- Increase in customerâs preferences for on-road motorcycles.
- Development of advanced and eco-friendly on-road motorcycles.
- Increasing number of motorcycle exhibitions and shows.
- Growth in the market due to the rise of motorcycle tourism.
- Increase in demand for premium motorcycles.
- Upsurge in the trend of customizing motorcycles.
- Influence of digitization on the sales of motorcycles.
- Increased investment in research and development activities.
- Improved lifestyle and the consequent rise in disposable income.
- Expansion of the online retail market for on-road motorcycles.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the On-Road Motorcycle Market. Key inputs include:
Company-Level Information
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
Industry and Government Sources
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the On-Road Motorcycle Market
Market Intelligence Sources
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
Macro & Consumer Insights
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
Expert Insights & KOL Engagements
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
Focused Discussions & Panels
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
Data Validation & Business POV
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
Forecasting is carried out using proprietary models that combine:
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights