Consumer Discretionary

<p style="text-align: justify;">As a generator of economic development and social welfare, the motorcycle has to do with the millions of people who use it as a means of work and urban mobility.&nbsp;</p><p style="text-align: justify;">The cost, maintenance, expenses, and taxes compared to a car are a fraction, and the transfer times are much less, which makes an average family choose this type of vehicle as the main transport.&nbsp;</p><p style="text-align: justify;">During the pandemic, motorcycles have increased in families, either as a means of transportation or as an alternative means of income and a fast, safe, and accessible means.&nbsp;</p><p style="text-align: justify;">In developing countries, 7 out of 10 motorcycles are used as a means of work, so it is important in the economy.&nbsp;</p><p style="text-align: justify;">The ease of obtaining a motorcycle, either for the lowest price against a car or buying it in a store, makes it an ideal means of transportation for cities with heavy traffic.&nbsp;</p><p style="text-align: justify;">The motorcycle as a work tool helps to improve mobility. Since it is a small vehicle, it contributes to vehicular traffic, so it is the best mobility option because it speeds up transfers. Thanks to its agility and high performance, it allows movement in urban areas.&nbsp;</p><p style="text-align: justify;">The motorcycle as a work tool is fully functional for small, medium, and large businesses. The motorcycle is functional for food delivery, courier, and medicine, among other products. It is just as functional for any other business as for service providers. For example, a professional such as an architect can go to supervise several constructions on a motorcycle.&nbsp;</p><p style="text-align: justify;">The savings in using a motorcycle is evident and appreciated by small, medium, and large companies alike, in addition to entrepreneurs and delivery apps, among others, who see motorcycles as the opportunity to continue their businesses and increase their profits.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;"><span style="font-size: 10pt;"><em>This article was contributed by our expert <a href="https://www.linkedin.com/in/pedro-ortega-a0b95246/" target="_blank" rel="noopener">Pedro Ortega</a></em></span></p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 18pt;">Frequently Asked Questions Answered by Francis Akpata</span></h2><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">1. What is the future of the motorcycle industry?</span></h2><p style="text-align: justify;">The future of the motorcycle industry, although it is not to replace the role of the automobile as the main way of mobility, has a great acceptance in developing markets and is beginning to have a significant influence in first-world markets as a mobility option.</p><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">2. What is the scope of electric vehicles?</span></h2><p style="text-align: justify;">The scope of the electric vehicle as a mass mobility option is conditioned by government-manufacturer incentives to accelerate the switch to this kind of transportation against petrol-powered transportation.</p><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">3. What is the latest technology in motorcycles?</span></h2><p style="text-align: justify;">The latest technology in motorcycles is electric motorcycles with the newest generation Propulsion systems, Super advanced Security systems, Artificial Intelligence Systems, Materials, and vanguard assembly systems.</p><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">4. What is the motorcycle market growth?</span></h2><p style="text-align: justify;">The growth of the motorcycle market is currently exponential, influenced by the SARS-Cov-2 effect, mainly in developing markets. And in the first world markets, the motorcycle has become a recreational activity to a secondary way of transportation or even a main way of transportation.</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p>