U.S.: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in the U.S.

For the third consecutive year, the U.S. motorcycle and bicycle market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Motorcycle and bicycle consumption peaked in 2022 and is expected to retain growth in the near future.

Motorcycle And Bicycle Production in the U.S.

In value terms, motorcycle and bicycle production reduced to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Motorcycle And Bicycle Exports

Exports from the U.S.

In 2022, shipments abroad of motorcycles and bicycles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports fell to $X in 2022. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for motorcycle and bicycle exports from the United States, accounting for a X% share of total exports. Moreover, motorcycle and bicycle exports to Canada exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for motorcycles and bicycles exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Australia (X% per year).

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2021, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into the U.S.

In 2022, overseas purchases of motorcycles and bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, motorcycle and bicycle imports soared to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest motorcycle and bicycle supplier to the United States, with a X% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and bicycles to the United States, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Cambodia (X% per year).

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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