Motorcycle, Scooter and Side-Car Market

The article provides a comprehensive overview of the global motorcycle, scooter, and side-car market, projecting an anticipated CAGR of +2.9% in consumption and +2.7% in market value from 2022 to 2030. Key insights include market volumes, values, consumption and production trends, as well as import and export statistics for major countries. The analysis covers a decade from 2012 to 2022, highlighting fluctuations and growth rates across different product types and geographical regions. From leading consuming countries to top producers and exporters, the article offers a detailed examination of the market dynamics and trends in the motorcycle industry.

Market Forecast

Driven by increasing demand for motorcycles, scooters and side-cars worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 157M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $168.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Motorcycles, Scooters and Side-Cars

Global motorcycle, scooter and side-car consumption stood at 125M units in 2022, surging by 5.8% on the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.8% against 2013 indices. Over the period under review, global consumption hit record highs in 2022 and is likely to continue growth in the immediate term.

The global motorcycle, scooter and side-car market value amounted to $136.1B in 2022, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $137.4B in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (39M units), India (26M units) and Pakistan (10M units), together accounting for 60% of global consumption. The United States, the Philippines, Vietnam and Germany lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Germany (with a CAGR of +17.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest motorcycle, scooter and side-car markets worldwide were China ($20.4B), India ($18.5B) and the United States ($7B), with a combined 34% share of the global market. Vietnam, Germany, the Philippines and Pakistan lagged somewhat behind, together comprising a further 12%.

The Philippines, with a CAGR of +17.6%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of motorcycle, scooter and side-car per capita consumption in 2022 were Pakistan (46 units per 1000 persons), the Philippines (44 units per 1000 persons) and Germany (35 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Germany (with a CAGR of +17.3%), while consumption for the other global leaders experienced more modest paces of growth.

Consumption By Type

The products with the highest volumes of consumption in 2022 were motorcycles and scooters (69M units) and side cars and cycles with non-combustion motors (55M units).

From 2012 to 2022, the biggest increases were recorded for side cars and cycles with non-combustion motors (with a CAGR of +9.6%).

In value terms, motorcycles and scooters ($77B) led the market, alone. The second position in the ranking was taken by side cars and cycles with non-combustion motors ($35.1B).

For motorcycles and scooters, market expanded at an average annual rate of +2.5% over the period from 2012-2022.

Production

World Production of Motorcycles, Scooters and Side-Cars

In 2022, approx. 126M units of motorcycles, scooters and side-cars were produced worldwide; with an increase of 4.1% against the year before. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Global production peaked at 128M units in 2020; however, from 2021 to 2022, production remained at a lower figure.

In value terms, motorcycle, scooter and side-car production stood at $109.2B in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 36%. Over the period under review, global production attained the maximum level at $127.1B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of motorcycle, scooter and side-car production was China (64M units), comprising approx. 51% of total volume. Moreover, motorcycle, scooter and side-car production in China exceeded the figures recorded by the second-largest producer, India (29M units), twofold. The third position in this ranking was taken by Vietnam (4.4M units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +3.7%. The remaining producing countries recorded the following average annual rates of production growth: India (+9.3% per year) and Vietnam (+1.8% per year).

Production By Type

The products with the highest volumes of production in 2022 were motorcycles and scooters (67M units) and side cars and cycles with non-combustion motors (58M units).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading produced products, was attained by side cars and cycles with non-combustion motors (with a CAGR of +11.0%).

In value terms, motorcycles and scooters ($73.4B) led the market, alone. The second position in the ranking was held by side cars and cycles with non-combustion motors ($36.5B).

For motorcycles and scooters, production expanded at an average annual rate of +1.7% over the period from 2012-2022.

Imports

World Imports of Motorcycles, Scooters and Side-Cars

In 2022, after two years of growth, there was significant decline in overseas purchases of motorcycles, scooters and side-cars, when their volume decreased by -9.6% to 42M units. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports attained the peak of 46M units, and then reduced in the following year.

In value terms, motorcycle, scooter and side-car imports totaled $37.5B in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports By Country

The countries with the highest levels of motorcycle, scooter and side-car imports in 2022 were Pakistan (6.4M units), the United States (5.3M units), the Philippines (4.9M units) and the Netherlands (3.6M units), together finishing at 48% of total import. It was distantly followed by Germany (2.3M units), achieving a 5.5% share of total imports. France (1,374K units), the UK (1,068K units), Belgium (987K units), Japan (841K units), Spain (787K units), Canada (730K units) and Italy (706K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +32.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest motorcycle, scooter and side-car importing markets worldwide were the United States ($4.9B), Germany ($3.4B) and France ($2.1B), together comprising 27% of global imports. The Philippines, the Netherlands, Belgium, Italy, Spain, the UK, Canada, Japan and Pakistan lagged somewhat behind, together accounting for a further 30%.

The Philippines, with a CAGR of +22.5%, saw the highest growth rate of 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.

Imports By Type

In 2022, side cars and cycles with non-combustion motors (22M units), distantly followed by motorcycles and scooters (19M units) were the major types of motorcycles, scooters and side-cars, together mixing up 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading imported products, was attained by side cars and cycles with non-combustion motors (with a CAGR of +21.5%).

In value terms, the largest types of imported motorcycles, scooters and side-cars were motorcycles and scooters ($24.1B) and side cars and cycles with non-combustion motors ($13.4B).

Side cars and cycles with non-combustion motors , with a CAGR of +28.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main imported products over the period under review.

Import Prices By Type

In 2022, the average motorcycle, scooter and side-car import price amounted to $897 per unit, jumping by 16% against the previous year. Overall, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $1,037 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was motorcycles and scooters ($1,242 per unit), while the price for side cars and cycles with non-combustion motors stood at $597 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by side car and cycle with non-combustion motor (+5.8%).

Import Prices By Country

In 2022, the average motorcycle, scooter and side-car import price amounted to $897 per unit, surging by 16% against the previous year. In general, the import price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 17%. Over the period under review, average import prices hit record highs at $1,037 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($2,183 per unit), while Pakistan ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.0%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Motorcycles, Scooters and Side-Cars

After five years of growth, overseas shipments of motorcycles, scooters and side-cars decreased by -12.8% to 43M units in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 105% against the previous year. The global exports peaked at 49M units in 2021, and then contracted in the following year.

In value terms, motorcycle, scooter and side-car exports rose slightly to $42.3B in 2022. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in years to come.

Exports By Country

China prevails in exports structure, finishing at 26M units, which was near 60% of total exports in 2022. India (3.6M units) ranks second in terms of the total exports with an 8.4% share, followed by the Netherlands (5.9%). Vietnam (1,405K units), Taiwan (Chinese) (1,106K units), Germany (961K units), Italy (702K units) and Thailand (691K units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +10.3% from 2012 to 2022. At the same time, the Netherlands (+41.1%), Vietnam (+31.0%), Germany (+18.1%), Italy (+10.7%), Taiwan (Chinese) (+9.8%), India (+6.7%) and Thailand (+3.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +41.1% from 2012-2022. From 2012 to 2022, the share of the Netherlands and Vietnam increased by +5.4 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($11.5B) remains the largest motorcycle, scooter and side-car supplier worldwide, comprising 27% of global exports. The second position in the ranking was taken by Germany ($3.4B), with an 8% share of global exports. It was followed by Thailand, with a 7% share.

In China, motorcycle, scooter and side-car exports increased at an average annual rate of +9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+10.4% per year) and Thailand (+10.0% per year).

Exports By Type

Side cars and cycles with non-combustion motors represented the main type of motorcycles, scooters and side-cars in the world, with the volume of exports reaching 26M units, which was near 60% of total exports in 2022. It was distantly followed by motorcycles and scooters (17M units), making up a 40% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by side cars and cycles with non-combustion motors (with a CAGR of +30.8%).

In value terms, the largest types of exported motorcycles, scooters and side-cars were motorcycles and scooters ($27.1B) and side cars and cycles with non-combustion motors ($15.2B).

In terms of the main exported products, side cars and cycles with non-combustion motors , with a CAGR of +30.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices By Type

The average motorcycle, scooter and side-car export price stood at $990 per unit in 2022, surging by 20% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs at $1,755 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was motorcycles and scooters ($1,586 per unit), while the average price for exports of side cars and cycles with non-combustion motors stood at $593 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by motorcycle and scooter (+1.7%).

Export Prices By Country

In 2022, the average motorcycle, scooter and side-car export price amounted to $990 per unit, growing by 20% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. The global export price peaked at $1,755 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($4,285 per unit), while China ($451 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform