U.S.: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

Market Size for Motorcycles and Cycles With an Auxiliary Motor in the U.S.

The U.S. market for motorcycles and cycles with an auxiliary motor soared to $X in 2021, jumping by 22% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in the U.S.

In value terms, production of motorcycles and cycles with an auxiliary motor skyrocketed to $X in 2021. Overall, production, however, continues to indicate a drastic downturn. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from the U.S.

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor increased by 13% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 13%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor soared to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Germany (X units), Canada (X units) and the UK (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from the United States, with a combined 38% share of total exports. Australia, the Netherlands, Thailand, Lithuania, New Zealand, Poland, Ukraine, France, Saudi Arabia and Finland lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +11.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycles and cycles with an auxiliary motor exported from the United States were Germany ($X), Australia ($X) and the UK ($X), together accounting for 38% of total exports. These countries were followed by Thailand, the Netherlands, New Zealand, Saudi Arabia, Lithuania, Poland, France, Ukraine, Canada and Finland, which together accounted for a further 41%.

Poland, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, picking up by 2.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 7.8% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Canada ($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 Saudi Arabia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into the U.S.

Imports of motorcycles and cycles with an auxiliary motor into the United States contracted to X units in 2021, shrinking by -6.9% against 2020. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, imports of motorcycles and cycles with an auxiliary motor expanded significantly to $X in 2021. Overall, imports recorded a pronounced descent. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to the United States, accounting for a 80% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.7% per year) and Taiwan (Chinese) (-0.7% per year).

In value terms, China ($X), Japan ($X) and Austria ($X) constituted the largest motorcycles and cycles with an auxiliary motor suppliers to the United States, together comprising 91% of total imports.

Among the main suppliers, Austria, with a CAGR of +11.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, growing by 21% against the previous year. In general, the import price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2014 an increase of 36%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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