U.S.: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in the U.S.

For the sixth year in a row, the U.S. market for side cars and cycles with non-combustion motors recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, posted a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports from the U.S.

For the fifth consecutive year, the United States recorded growth in overseas shipments of side cars and cycles with non-combustion motors, which increased by X% to X units in 2022. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of side cars and cycles with non-combustion motors soared to $X in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for exports of side cars and cycles with non-combustion motors from the United States, accounting for a X% share of total exports. Moreover, exports of side cars and cycles with non-combustion motors to Canada exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Canada ($X) remains the key foreign market for side cars and cycles with non-combustion motors exports from the United States, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average export price for side cars and cycles with non-combustion motors amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports into the U.S.

Imports of side cars and cycles with non-combustion motors into the United States fell to X units in 2022, which is down by X% against 2021. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of side cars and cycles with non-combustion motors skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of side car and cycle with non-combustion motor to the United States, with a X% share of total imports. Moreover, imports of side cars and cycles with non-combustion motors from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of side cars and cycles with non-combustion motors to the United States, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average import price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price saw a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :