World Motorcycles - Demand to Grow 6% Annually Through 2018

Dec 17th, 2014- Mumbai, India: Bharatbook.com announces a new report on” World Motorcycles”. It presents historical demand data (2003, 2008, 2013) plus forecasts for 2018 and 2023 by type, world region, and for 23 major countries.

Bharat Book Bureau presents the new report, on “World Motorcycles”. This study also assesses key market environment factors, analyzes the industry structure, evaluates company market share and profiles global players such as Bajaj Auto, BMW, Hero Motocorp, Honda, Yamaha and Zongshen Industrial.

World demand to grow 6% annually through 2018

Worldwide demand for motorcycles is forecast to expand six percent per annum to over 132 million units in 2018, valued at $120 billion. Four major trends will drive growth through 2018: • An increasing number of households in industrializing countries will be able to afford motorcycles as personal incomes rise; • Sales of electric bicycles (e-bikes) and other electric models are projected to rise sharply outside of China from what are currently very modest levels of demand; • Motorcycle sales in a number of countries will be spurred by government programs aimed at reducing environmental pollution caused by automobiles; • Market advances will accelerate in a number of important markets such as Brazil, Indonesia, Thailand, the US, and Vietnam. However, further gains will be restrained by slowing growth in China, the world’s leading market for motorcycles, because of the large number of motorcycles already in use there. Market gains will also be dampened due to substitution by consumers of light vehicles for motorcycles in China and other industrializing countries.

Asia/Pacific region to remain largest market

The Asia/Pacific region is by far the largest regional market. Motorcycles are viewed as a convenient alternative to public transportation, which is often unreliable and has issues with overcrowding. In addition, motorcycles are widely used for business activities in the region, which...