China and India Were the Main Global Suppliers of Motorcycles and Scooters in 2014
Motorcycles October 27, 2015
From 2007 to 2014, the global motorcycle and scooter market showed mixed dynamics. A slight decrease in 2009 (-2% Y-o-Y) was followed by a 4% increase in 2010. Over the next three years, the market gradually increased to 50.4 million units. In value terms, it grew by 0.1% annually from 2007 to 2014, reaching 68.1 billion USD.
In 2014, the U.S. (6.6%), Germany (6.2%), the Philippines (5.7%), Spain (4.3%) and Argentina (3.9%) were the leading destinations of motorcycle and scooter imports, together making up 26.7% of global imports in physical terms. And while the share of the Philippines increased, the share of the U.S. illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In 2014, China and India were the main global suppliers of motorcycles and scooters with a combined share of 78.8% of global exports. However, the fastest growing suppliers from 2007 to 2014 were India (+30.2% per year) and Austria (+22.1% per year). Despite being the largest global producers of motorcycles and scooters, Viet Nam and Brazil did not export much of their production, meaning that it was domestically consumed.
Source: World: Motorcycles And Scooters - Market Report. Analysis and Forecast to 2020
