Revving Up: Motorcycle Insurance in the US Industry Market Research Report Now Available from IBISWo
Over the five years to 2012, IBISWorld estimates that revenue for the Motorcycle Insurance industry will rise at an average annual rate of 0.8% to $10.4 billion. As gas prices increased prior to the recession, many Americans explored alternative forms of transportation that put less pressure on their wallets. A number of consumers chose to ride motorcycles because of their excellent gas mileage. An increase in the number of motorcycle riders caused demand for insurance to rise, boosting revenue. Nevertheless, this revenue growth was slightly offset by the decline of registered high-end motor
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