Global Motorcycles Market Worth $120 Bil by 2018

Dec 17, 2014, 11:00 ET from ReportsnReports

DALLAS, December 17, 2014 /PRNewswire/ --

ReportsnReports.com adds World Motorcycles to 2018 - a global motorcycles market research report of 502 pages profiling industry producers like Bajaj Auto, BMW, Hero Motocorp, Honda, Yamaha & Zongshen Industrial and more.

Worldwide motorcycles market demand is forecast to expand 6% per annum to over 132 million units in 2018, valued at $120 billion. Four major trends that will drive growth through 2018 are:

  • An increasing number of households in industrializing countries will be able to afford motorcycles as personal incomes rise.

  • Sales of electric bicycles (e-bikes) and other electric models are projected to rise sharply outside of China from what are currently very modest levels of demand.

  • Motorcycle sales in a number of countries will be spurred by government programs aimed at reducing environmental pollution caused by automobiles.

  • Market advances will accelerate in a number of important markets such as Brazil, Indonesia, Thailand, the US, and Vietnam.

However, further gains will be restrained by slowing growth in China, the world's leading market for motorcycles, because of the large number of motorcycles already in use there. Market gains will also be dampened due to substitution by consumers of light vehicles for motorcycles in China and other industrializing countries. Explore complete research on motorcycles market with 2018 forecasts at ReportsnReports.com.

Asia/Pacific region to remain largest market 

The Asia/Pacific region is by far the largest regional market. Motorcycles are  viewed as a convenient alternative to public transportation, which is often unreliable and has issues with overcrowding. In addition, motorcycles are widely used for business activities in the region, which adds to their appeal. As living standards in the area continue to improve, an increasing number of households will be able to afford motorcycles. Among the nations recording the fastest growth will be Pakistan, the Philippines, Indonesia, India, Burma, Malaysia, and Thailand.

Electric models to boost sales in developed areas 

While North America and Western Europe represented only three percent of the worldwide motorcycle market in unit terms in 2013, these regions accounted for 16 percent of all product demand in value terms because of the popularity of medium and heavy motorcycles and other higher priced models. Both Western Europe and North America are projected to register rapid growth through 2018, as sales of electric models increase sharply and demand for internal combustion engine (ICE) motorcycles rebounds from the large declines posted in recent years.

Since 2008, demand for e-bikes has climbed at double-digit annual rates in many industrialized countries (particularly Germany and the Netherlands), and this trend is expected to continue. E-bikes are becoming more popular because they are a convenient alternative to bicycles, especially among older riders, and are more environmentally-friendly than ICE motorcycles. In addition, e-bikes generally do not require a license, cost considerably less than conventional motorcycles, and have lower operating costs.

Company Profiles 

Bajaj Auto Limited, Bayerische Motoren Werke AG, Benelli QJ, Chongqing Jianshe Motorcycle Company Limited, Chongqing Lifan Industry Group Company Limited, Daelim Industrial Company Limited, Dafra da Amazonia Industria e Comercio de Motocicletas Limitada, Dayun Group Company Limited, Ducati Motor Holding, Erik Buell Racing, Haojue Holdings Company Limited, Haojue Suzuki Motorcycle Changzhou, Hero MotoCorp Limited, HICOM-Yamaha Manufacturing Malaysia, Hong Leong Industries Berhad, Hong Leong Yamaha Motor, Jiangsu Yadea Technical Development Company Limited, Kawai Motor Industry Guangzhou, KR Motors Company Limited, KTM AG, Kwang Yang Motor Company Limited, Loncin Motor Company Limited, Luoyang Northern Enterprises Group Company Limited, MV Agusta Motor SpA, Peugeot SA, Piaggio & C. SpA, Polaris Industries Incorporated, Royal Enfield, Shandong Bidewen Power Technology Company Limited, Shandong Wuzheng Group Company Limited, SMILE FC System, Triumph Motorcycles Limited, TVS Motor Company Limited, Uralmoto JSC, Volkswagen AG, Yamaha Motor Company Limited, Yamaha Motor Vietnam, Zongshen Industrial Group Company Limited and Zongshen Piaggio Foshan Motorcycle. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=320630 .

Another research on China motorcycle manufacturing industry, 2014 is valuable for anyone who wants to invest in the motorcycle manufacturing industry, to get Chinese investments; to import into China or export from China, to build factories and take advantage of lower costs in China, to partner with one of the key Chinese corporations, to get market shares as China is boosting its domestic needs; to forecast the future of the world economy as China is leading the way; or to compete in the segment. The report provides the whole set of the industry data, in-depth analysis and detailed insight into the motorcycle manufacturing industry, market drivers, key enterprises and their strategies, as well as technologies and investment status, risks and trends.

Data Sources for this report include: Governmental statistics organizations, market research (monitoring) centers, industry associations and institutions, import and export statistics organizations, and others. Complete report is available at http://www.reportsnreports.com/reports/272868-china-motorcycle-manufacturing-industry-2014.html .

Explore more reports on the automotive industry at http://www.reportsnreports.com/market-research/automotive/ .

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