Global Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size

The global motorcycle and bicycle market stood at $X in 2023, growing by X% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. Global consumption peaked in 2023 and is expected to retain growth in the near future.

Motorcycle And Bicycle Production

In value terms, motorcycle and bicycle production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Motorcycle And Bicycle Exports

Exports

In 2023, overseas shipments of motorcycles and bicycles decreased by X% to X units, falling for the second year in a row after five years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The global exports peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports reduced modestly to $X in 2023. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports hit record highs at $X in 2022, and then shrank in the following year.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2023. The following exporters - India (X units), Japan (X units), Taiwan (Chinese) (X units), Cambodia (X units), the Netherlands (X units), Spain (X units), Germany (X units), Italy (X units) and Indonesia (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and bicycles. At the same time, Spain (X%), Indonesia (X%), India (X%), the Netherlands (X%), Cambodia (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Italy and Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the global exports, while China and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

The average motorcycle and bicycle export price stood at $X per unit in 2023, surging by X% against the previous year. In general, export price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, motorcycle and bicycle export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. The global export price peaked in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports

In 2023, the amount of motorcycles and bicycles imported worldwide expanded notably to X units, picking up by X% on the previous year's figure. Over the period under review, total imports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of global imports remained at a lower figure.

In value terms, motorcycle and bicycle imports dropped to $X in 2023. In general, total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the Philippines (X units) was the largest importer of motorcycles and bicycles, comprising X% of total imports. It was distantly followed by the United States (X units), generating an X% share of total imports. Japan (X units), Germany (X units), the Netherlands (X units), Russia (X units), France (X units), Belgium (X units), Indonesia (X units), the UK (X units), Pakistan (X units) and Vietnam (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the motorcycles and bicycles imports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%), Indonesia (X%), the Netherlands (X%), Germany (X%) and Belgium (X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. By contrast, France (X%), the United States (X%), the UK (X%), Japan (X%) and Pakistan (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) significantly strengthened its position in terms of the global imports, while the UK, Pakistan, Japan and the United States saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of global imports. The Netherlands, Belgium, the Philippines, Japan, the UK, Vietnam, Russia, Indonesia and Pakistan lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then contracted markedly in the following year.

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 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform