The innovation is a simple and direct
solution for the problem faced by most motorcyclists especially in this part of
the world. Carelessness could cost them their lives and
it will be due to a simple thing which is the motorcycle stand.
The market for this innovation will not just
cover the local market but also international market mainly in the region:
Thailand, Vietnam, Indonesia, Philippines etc.Frost & Sullivan in a market insight
reported that the market for motorcycles and motorcycle’s accessories in South
East Asia have recorded phenomenal sales growth with Vietnam leading the
market, followed by Thailand, Malaysia and Indonesia.
Honda, Yamaha and Suzuki remained the major
players of the motorcycles market. In Malaysia, it is reported that the local
motorcycle producer, Modenas is growing extensively with their local market
share is growing and will be able to compete that of the Japanese brands in the
next couple of years.
The innovative product will offer an easy
market deployment and penetration.