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The global market for motorcycles: India, China and ASEAN countries
India production and sales exceed 20 million units, ASEAN demand stable
2018/08/06
- Summary
- Global motorcycle demand and production volume
- India: FY 2017 production and sales volumes exceeded 20 million units
- China: 2017 production volume of 15.09 million units, continuing declines for most manufacturers
- Indonesia: Domestic sales below 6 million units for 2 consecutive years, exports increasing
- Thailand: Production volumes in 2017 increased by 9.6% to 2.68 million units, while sales volumes increased by 4.2% to 1.81 million units
- (Reference) Production and Sales in Vietnam, the Philippines, and Malaysia
Summary
This report provides an overview of the global demand and production volumes for motorcycles, in particular for the major producers of motorcycles in India and China, as well as ASEAN countries such as Indonesia and Thailand.
According to data published by Yamaha, the global demand for motorcycles in 2017 was positive for the first time in 4 years, increasing by 4.3% to 53.995 million units from the previous year. In 2018, demand is expected to increase by 1.2% to 54.632 million units. Sales in India, the world’s largest motorcycle market continues to increase, and despite a continuing downward trend in China, the world’s second largest market, overall sales of motorcycles in the Asian market are forecasted to be strong. In Europe, the U.S. and Japan, sales growth y/y is negative, and for other regions such as Brazil growth is expected to turn positive. (As of February 2018)
According to statistics released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle production and sales volumes in India exceeded 20 million units in fiscal year 2017 (April 2017 to March 2018). Conversely, although production in China increased slightly y/y exceeding 15 million units in 2017, motorcycle production by Chinese manufacturers continues to decline. Domestic sales in Indonesia are sluggish, but export volumes have increased significantly. Production and sales volumes in Thailand and other ASEAN countries are steady. A compilation of the statistical data for all countries suggests that the global production volume of motorcycles is around 54 million units.
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Related Reports:
The global market for motorcycles (Part 1): India accounts for one-third of the global market (Jun. 2017)
The global market for motorcycles (Part 2): Sales rise in Pakistan, Europe; fall in Brazil (Jun. 2017)
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