Global motorcycle sales expected to reach 57 million units in 2013
Sales and production in China, India, Indonesia, Brazil, Taiwan, Japan and ASEAN countries
2013/04/25
- Summary
- China's production volume for 2012 decreases by 12.5% to 23.63 million units from drop in export and tightened regulations
- Production volume in India expected to reach almost 16 million units for FY2012; Honda expands share after dissolving joint venture partnership
- 2013 sales in Indonesia estimated to decrease 15% y/y to 6.03 million units
- Brazil's 2013 production volume to increase by 5.6% to 1.78 million units; volume decreased by 20.9% in 2012
- Taiwan's manufactured volume for 2012 decreases by 10.1% to 1,086K units
- Japan to slightly increase sales volume to 446K units for 2013
- (Reference) Production and sales in ASEAN countries
Summary
This report outlines major motorcycle manufacturing countries: China, India, Indonesia, Brazil, Taiwan, and Japan.
The worldwide motorcycle demand in 2012 was down 2.9% y/y to 55.69 million units. This was caused by a nearly 10% decrease in demand in China and Indonesia (according to Yamaha).
In China, the 2012 production (including tricycles) declined by 12.5% y/y to 23.63 million units from a decrease in exports as well as purchase restriction in urban areas. The production in Indonesia and Brazil decreased by 11.6% y/y to 7.06 million units and 20.9% to 1.69 million units, respectively, from new regulations and limitations on loaning because most motorcycle purchases are made through loans. However, the production volume in India in FY2012 (fiscal year starting in April 2012) is expected to reach nearly 16 million units, a few percent increase from the previous year.
The demand for motorcycles in 2013 is estimated by Yamaha to increase by 2.1% y/y to 56.85 million units. The demand in India, which became the country with a highest demand for motorcycles overtaking China in 2012, is estimated to increase by 4.3% to 14.4 million units. Contrary to China, which is expecting a decrease of 10.3% to 11.33 million units for 2013 from a continued decrease in demand. Yamaha expects the demands in Indonesia to grow by 4.6% y/y to 7.6 million units in 2013 (as of February 2013), but there is a possibility of plummeting sales depending on loan regulations enforced by the government in the near future.
Worldwide motorcycle demands (Yamaha estimate, February 2013) |
| (1,000 units) |
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 forecast |
|
|---|---|---|---|---|---|---|---|
| Japan | 723 | 567 | 434 | 424 | 445 | 442 | 446 |
| North America | 1,288 | 1,224 | 585 | 497 | 490 | 502 | 521 |
| Europe | 2,706 | 2,683 | 2,116 | 2,040 | 1,976 | 1,744 | 1,695 |
| Indonesia | 5,000 | 6,443 | 5,692 | 7,236 | 8,001 | 7,266 | 7,600 |
| Thailand | 1,572 | 1,703 | 1,536 | 1,846 | 2,007 | 2,129 | 2,200 |
| India | 7,300 | 7,325 | 8,638 | 11,270 | 13,078 | 13,806 | 14,400 |
| Vietnam | 2,703 | 2,710 | 2,745 | 3,070 | 3,562 | 3,109 | 3,140 |
| Taiwan | 738 | 815 | 601 | 526 | 644 | 628 | 660 |
| China | 16,119 | 16,215 | 17,420 | 16,090 | 14,034 | 12,630 | 11,330 |
| Other countries in Asia | 2,289 | 2,483 | 2,809 | 3,417 | 4,204 | 4,537 | 4,971 |
| Asia total | 35,720 | 37,694 | 39,440 | 43,455 | 45,529 | 44,105 | 44,301 |
| Brazil | 1,690 | 1,913 | 1,602 | 1,801 | 1,938 | 1,654 | 1,741 |
| Others | 4,477 | 5,427 | 5,206 | 5,978 | 6,974 | 7,244 | 8,141 |
| Others total | 6,167 | 7,341 | 6,809 | 7,779 | 8,911 | 8,897 | 9,882 |
| Total demand | 46,604 | 49,509 | 49,384 | 54,195 | 57,351 | 55,691 | 56,846 |
Source: Yamaha Motor's financial reports
Note: The Indonesia Motorcycle Association estimated 2013 sales in Indonesia to be 6.03 million units foreseeing the tightening of loan regulations in the near future.
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