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When my
roommate purchased a motorcycle a few months ago, I logged
onto Google and applied for email news alerts about his motorcycle
brand. Instead of receiving news about investment possibilities
for this company, I began to receive alerts about individuals
who had been killed on that particular motorcycle. Most of
the accidents involved another car and/or speeding, and not
all of the motorcyclists were teenagers.
But my
roommate has already been in an accident, one that left him
in a weeklong coma during his late teens. Now he wears a full
helmet, padded jacket, gloves, and pants, and any other gear
that will soften the blow if he meets face-to-face with something
more solid than his body. And, he's extremely critical about
any motorcyclist who doesn't wear a helmet or other safety
gear, as he feels that they're asking for a quick pass to
the pearly gates.
As I listened
to his complaints and began to observe motorcycle riders,
I began to understand several things:
- Younger
motorcyclists aren't the only ones who go without safety
gear. Whether the older motorcyclists have enough money
to purchase the gear is unknown (I live in a state that
doesn't require
helmets when the motorcyclist is over 21, holds
health insurance, and has driven motorcycles for over a
year).
- I've
seen larger bikes more than I've seen the simple smaller
motorcycles recently. Even female motorcyclists seem to
be riding bikes that seem too large for them.
- When
I do see teens on motorcycles (and it isn't very often),
they're usually driving smaller and older bikes.
- Automobile
drivers still remain unaware about how easily they can become
the instigator in a motorcycle accident. Many times I've
seen automobile drivers almost sideswipe a motorcyclist,
or they stop right on top of a motorcycle bumper at a stoplight
(of course, I've seen the reverse as well).
When I
logged onto the NHTSA (National Highway Traffic Safety Administration)
site and downloaded their June 2006 Recent
Trends in Fatal Motorcycle Crashes: An Update [PDF],
I discovered that my observations weren't off the mark. In
fact, what I learned was that motorcyclists in my area represent
a microscopic version of the national average.
- Two-thirds
of the fatally injured motorcycle riders in states without
universal helmet laws in 2004 were not wearing helmets compared
to 15 percent in states with universal helmet laws. On the
other hand, it appears that helmet-wearers have more accidents.
The argument is that it's more difficult to see peripherally
when wearing a full helmet.
- The
number of motorcycles on the road with larger engines has
risen markedly within the past decade. Larger bikes equal
more speed, and speed is one major factor in accidents.
Interestingly, the number of female fatalities has risen
over the past ten years, but those numbers remain at about
ten percent of the number of males killed on motorcycles.
- It
appears that motorcycle accidents have been on the rise
every year since 1998, and that many involve older riders,
or Baby Boomers, as more individuals over age 40 are now
motorcycle owners (they can afford the larger cycles as
well).
- Multi-vehicle
accidents, ones that involve a motorcyclist and an automobile,
have been on the rise since 1999. In fact, the number of
multi-vehicle accidents that involve motorcycle fatalities
has almost doubled since that year.
Between
the statistics and the knowledge that my roommate had suffered
from a multi-vehicle accident, I now know why he's so interested
in safety gear. But, he's not alone. His little motorcycle
'group' carries similar sentiments, and those folks (all over
age 39) are big into a market that I never knew existed. Color
me astounded, because I had no idea that a vehicle with two
wheels could generate so many investment ideas.
This market
includes everything from safety
products to jewelry. Some ideas for gear are borrowed
from the U.S. army, like cooling vests that make hot-weather
riding more pleasurable. Automotive companies that want to
incorporate car-friendly items like airbags into motorcycles
have generated more ideas about how to keep motorcyclists
safe. Private interests want to include mini-airbags in clothing,
so that the motorcyclist blows up like a doughboy once he's
hit the pavement.
While
some ideas seem impractical, the ideas that are gleaned from
the military are the most interesting. For instance, while
the cooling
vest - an idea that has kept our military cool in
a hot Baghdad - has become common, the idea that it might
be cooled in the near future by small
computer chips isn't that common. That chip deserves
a further look.
Items
that are geared toward a specific motorcycle brand are easy
to recognize, as the brand is stamped on their items. Interestingly,
I discovered that many motorcyclists aren't that loyal to
a company's products once they've purchased that company's
motorcycle. Cost is a factor, as well as unwillingness on
the motorcyclist's part to be branded with a motorcycle name
all over his or her body. Other items, such as the chip mentioned
previously, requires a little research and patience to see
who will profit from devices like this.
I doubt
that Warren Buffet owns a motorcycle - but would he consider
two-wheel vehicles and their accessories a good investment?
The answer, I'm sure, would lie somewhere in that annual report.
But, that report about motorcycle fatalities seems to provide
solid proof that this industry has grown. After all, not all
motorcyclists face the same fate as those individuals included
in that report.
Until
Next Week,
Linda Goin
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