SOUTH-EAST Asia’s affinity for the motorcycle is not fading any time soon. The region, known for its high rates of motorcycle ownership, is expected to see the market reach US$32.94bil in revenue this year and grow at an annual rate of 2.84% hereon until 2029, according to data-gathering platform Statista.
“The beauty of the motorcycle is that it has in a sense come to represent the backbone of many economies, especially emerging markets,” says Gil Carmo, co-founder and CEO of iMotorbike.
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