U.S.: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in the U.S.

After five years of growth, the U.S. motorcycle, scooter and side-car market decreased by X% to $X in 2022. Overall, consumption, however, recorded prominent growth. Motorcycle, scooter and side-car consumption peaked at $X in 2021, and then reduced slightly in the following year.

Production of Motorcycles, Scooters and Side-Cars in the U.S.

In value terms, motorcycle, scooter and side-car production contracted to $X in 2022. Overall, the total production indicated prominent growth 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports from the U.S.

In 2022, overseas shipments of motorcycles, scooters and side-cars increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, motorcycle, scooter and side-car exports dropped to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for motorcycle, scooter and side-car exports from the United States, accounting for a X% share of total exports. Moreover, motorcycle, scooter and side-car exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), eightfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the Netherlands (X% per year).

In value terms, Canada ($X) remains the key foreign market for motorcycles, scooters and side-cars exports from the United States, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average motorcycle, scooter and side-car export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price saw a noticeable setback. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles, Scooters and Side-Cars

Imports into the U.S.

In 2022, approx. X units of motorcycles, scooters and side-cars were imported into the United States; shrinking by X% against 2021. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle, scooter and side-car imports surged to $X in 2022. In general, imports, however, enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest motorcycle, scooter and side-car supplier to the United States, accounting for a X% share of total imports. Moreover, motorcycle, scooter and side-car imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest motorcycle, scooter and side-car suppliers to the United States, with a combined X% share of total imports. Thailand, Austria and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motorcycle, scooter and side-car import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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