The global market for motorcycles: India, China and ASEAN countries

Demand declines and production stagnates in 2020, introduction of electric vehicles is progressing

2021/07/30

Summary
Global motorcycle demand and production volume
India: Production stagnates due to lockdowns; introduction of electric scooters progresses due to measures to promote EV adoption
China: Motorcycles with displacements of 150cc or less decline, EVs surge as electric motorcycles are reclassified
Indonesia: COVID-19 pandemic halves market size, EV program starts
Thailand: Double-digit declines in production and sales in 2020, government-led drive to introduce electric motorcycles
Production and sales volume in Vietnam, the Philippines, and Malaysia

Summary

This report summarizes the worldwide production and sales of motorcycles (motorcycles, scooters, etc.), and provides an overview of the major motorcycle producing countries including India, China, and ASEAN countries such as Indonesia, Thailand, and Vietnam.

The total number of motorcycles produced in the world's major countries in 2020 is estimated to be at the level of 49 million units (estimated from statistics for each country). Global demand for motorcycles in 2020 fell 16.6% year-over-year (y/y) to 44.5 million units (source: Yamaha). Asia was down 20.6% to 33.89 million units, accounting for about 80% of total demand.

India's production of motorcycles in FY2020 (April 2020-March 2021) fell 12.8% y/y to 18.35 million units, and sales fell a sharp 13.2% to 15.12 million units. In response to the spread of COVID-19, plant operations in many Asian countries have been suspended, resulting in stagnant motorcycle production and sluggish sales. On the other hand, movements regarding the introduction of electric motorcycles to the markets are becoming more active, and emerging EV manufacturers are popping up in many countries.


Motorcycle production volumes of 5 major countries	Motorcycle sales volumes of 5 major countries

(Source: Created by MarkLines based on statistical data from the automobile and motorcycle associations of each nation)

For data on monthly volumes of motorcycles, please refer to the information below.

・India’s motorcycle production volume
・Thailand’s motorcycle registration volume

This report is for paid members only. Remaining 6 chapters remaining.
Free membership registration allows you to read the rest of the article for a limited time.

Click here for a free trial.

CONTENTS

SERVICE

Favorites

The global market for motorcycles: India, China and ASEAN countries

Demand declines and production stagnates in 2020, introduction of electric vehicles is progressing

2021/07/30

Summary

MarkLines Customer Support