Motorcycle global market analysis (Part 1): Overview of emerging nations
India surpasses China as world's largest motorcycle producer
This report contains an overview of the major motorcycle producing countries of the world. This Part 1 report contains information on developing countries including China, India, Indonesia, Thailand, Brazil, Taiwan, and Pakistan, while the Part 2 report contains information of the developed countries of Japan, Europe, and the U.S.
According to Yamaha Motor Co., Ltd., the 2014 global demand for motorcycles was 55.67 million units, unchanged from the previous year. This was the result of a decline in demand across all major markets, excluding India. Yamaha estimates a 1.3% year-over-year (y/y) increase in the 2015 global demand, with demand reaching 56.4 million units. India, which overtook China as the world's number one purchaser of motorcycles in 2012, is forecast to see an increase of 6.3%, surpassing 17 million units. Thailand is seeing demand growth for the first time in three years, which will grow by 12% to reach 1.9 million units. On the other hand, reduction in demand continues in China, which will see an 8.4% decrease, putting demand at 9.76 million units, below 10 million for the first time.
The 2014 motorcycle production in China fell by 7.6% y/y to18.91 million units. This is a result of regulations that controls purchasing in urban areas, as well as a decline in demand in rural areas, the increased popularity of electric bicycles, and a decrease in exports. On the other hand, India, the world's second largest producer of motorcycles, saw production volume surpass 18 million units for the first time in the fiscal year between April 2014 and March 2015 (FY 2014). If these trends continue, India is expected to surpass China and become the world's number one producer of motorcycles in 2015.
In Indonesia, the 2014 unit sales (shipped volume) was in a position to surpass 8 million units for the first time. However a reduction in the gasoline subsidies following the presidential elections had a negative impact, resulting in an increase of only 1.6% y/y, to 7.87 million units. In Thailand, economic slowdown and a decrease in income for agricultural households negatively affected 2014 sales, recording a y/y decrease of 15.1% at 1.7 million units, below 2 million units for the first time in four years.
Motorcycle global market analysis (Part 2): Overview of developed nations (Apr. 2015)
Worldwide motorcycle demand (Yamaha estimates)
|(in thousands of units)|
Source: Compiled from Yamaha Motor Company financial results
Major countries' motorcycle production volume
|Source: Compiled from statistical data from the automobile and motorcycle associations of each nation.|
|*||India's results are by fiscal year beginning in April and ending in March. The 2014 data in India shows 11 months of production data, from April 2014 to February 2015.|
|**||A fiscal year in Pakistan begins in July and ends in June in the following year (For example, the 2013 figures in Pakistan are data from July 2013 to June 2014.) Three-wheeled vehicles are included.|
|***||Data for "Europe" show the sum of the seven nations: Austria, Czech Republic, Germany, Spain, France, Italy, and the United Kingdom. The 2013 figures are provisional, as it includes data of Italy and Germany only.|