Global Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size

In 2021, the global motorcycle and bicycle market increased by 2.7% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption, however, posted a prominent expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the global market remained at a somewhat lower figure.

Motorcycle And Bicycle Production

In value terms, motorcycle and bicycle production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 26% against the previous year. Over the period under review, global production hit record highs at $X in 2020, and then fell modestly in the following year.

Motorcycle And Bicycle Exports

Exports

For the fifth year in a row, the global market recorded growth in shipments abroad of motorcycles and bicycles, which increased by 15% to X units in 2021. Overall, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.2% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 78% against the previous year. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, motorcycle and bicycle exports soared to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.7% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near 69% of total exports in 2021. India (X units), Japan (X units), Taiwan (Chinese) (X units), the Netherlands (X units), Cambodia (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle exports from China stood at +4.8%. At the same time, India (+12.9%), the Netherlands (+8.2%), Italy (+5.4%) and Cambodia (+4.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.9% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-10.0%) illustrated a downward trend over the same period. While the share of China (+3.2 p.p.) and India (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle and bicycle supplier worldwide, comprising 32% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 6% share of global exports. It was followed by India, with a 5.5% share.

In China, motorcycle and bicycle exports expanded at an average annual rate of +8.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+12.8% per year) and India (+9.6% per year).

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, rising by 14% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while China ($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) (+13.7%), while the other global leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports

In 2021, global motorcycle and bicycle imports surged to X units, picking up by 24% against 2020. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 746%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of global imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.5% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), distantly followed by Pakistan (X units), the Philippines (X units) and Japan (X units) represented the largest importers of motorcycles and bicycles, together committing 34% of total imports. The following importers - the Netherlands (X units), Germany (X units), the UK (X units), France (X units), India (X units), Russia (X units), Canada (X units), Belgium (X units) and Chile (X units) - together made up 25% of total imports.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle imports into the United States stood at +2.6%. At the same time, India (+94.8%), the Philippines (+20.3%), the Netherlands (+13.7%), Chile (+12.8%), Canada (+8.5%), Belgium (+6.0%), Pakistan (+5.3%), Russia (+4.7%), France (+4.0%), Germany (+2.2%) and the UK (+1.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +94.8% from 2012-2021. By contrast, Japan (-2.8%) illustrated a downward trend over the same period. While the share of the Philippines (+4.1 p.p.), India (+2.8 p.p.) and the Netherlands (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-4.4 p.p.) and Japan (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, with a combined 28% share of global imports. France, Belgium, the Philippines, Japan, the UK, Canada, Russia, Chile, India and Pakistan lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, India, with a CAGR of +25.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, standing approx. at the previous year. In general, the import price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 608% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :