Side Car and Cycle with Non-Combustion Motor Market

The market for side cars and cycles with non-combustion motors is expected to see growth in volume and value terms from 2022 to 2030, with China leading in both production and export. Global consumption and production have been on the rise, with significant growth in imports and exports. Import and export prices have also shown notable fluctuations over the years, with China dominating in both volume and value terms.

Market Forecast

Driven by increasing demand for side cars and cycles with non-combustion motors 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 70M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market value to $55.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Side Cars and Cycles with Non-Combustion Motors

In 2022, global consumption of side cars and cycles with non-combustion motors rose rapidly to 55M units, increasing by 14% against 2021 figures. Overall, consumption continues to indicate a resilient increase. Global consumption peaked in 2022 and is likely to see steady growth in the near future.

The value of the market for side cars and cycles with non-combustion motors worldwide shrank to $35.1B in 2022, falling by -14.8% 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). In general, consumption saw a remarkable increase. Over the period under review, the global market attained the peak level at $41.2B in 2021, and then fell in the following year.

Consumption By Country

The country with the largest volume of consumption of side cars and cycles with non-combustion motors was China (24M units), accounting for 44% of total volume. Moreover, consumption of side cars and cycles with non-combustion motors in China exceeded the figures recorded by the second-largest consumer, the United States (4.5M units), fivefold. The third position in this ranking was held by Germany (2.6M units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +3.6%. In the other countries, the average annual rates were as follows: the United States (+30.8% per year) and Germany (+28.8% per year).

In value terms, China ($10.2B) led the market, alone. The second position in the ranking was held by Germany ($3B). It was followed by the United States.

In China, the market of side cars and cycles with non-combustion motors increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+24.7% per year) and the United States (+35.5% per year).

In 2022, the highest levels of per capita consumption of side cars and cycles with non-combustion motors was registered in the Netherlands (98 units per 1000 persons), followed by Germany (32 units per 1000 persons), Canada (22 units per 1000 persons) and France (20 units per 1000 persons), while the world average per capita consumption of side car and cycle with non-combustion motor was estimated at 0.1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the per capita consumption of side cars and cycles with non-combustion motors in the Netherlands amounted to +29.5%. In the other countries, the average annual rates were as follows: Germany (+28.6% per year) and Canada (+27.2% per year).

Production

World Production of Side Cars and Cycles with Non-Combustion Motors

In 2022, the amount of side cars and cycles with non-combustion motors produced worldwide expanded remarkably to 58M units, picking up by 5.8% compared with the year before. In general, production recorded prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 50%. Over the period under review, global production of attained the maximum volume at 60M units in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, production of side cars and cycles with non-combustion motors rose modestly to $36.5B in 2022 estimated in export price. Overall, production posted a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 58% against the previous year. Global production peaked at $37.7B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

China (41M units) remains the largest side car and cycle with non-combustion motor producing country worldwide, comprising approx. 69% of total volume. It was followed by Germany (1.3M units), with a 2.2% share of total production. The third position in this ranking was taken by Pakistan (1.2M units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +8.3%. In the other countries, the average annual rates were as follows: Germany (+25.0% per year) and Pakistan (+23.5% per year).

Imports

World Imports of Side Cars and Cycles with Non-Combustion Motors

After four years of growth, supplies from abroad of side cars and cycles with non-combustion motors decreased by -7% to 22M units in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 75%. Over the period under review, global imports of reached the peak figure at 24M units in 2021, and then declined in the following year.

In value terms, imports of side cars and cycles with non-combustion motors reached $13.4B in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 43%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States (4.6M units) and the Netherlands (3.5M units) represented roughly 36% of total imports in 2022. Germany (2.1M units) held a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by France (5.3%) and the Philippines (5%). The UK (892K units), Belgium (867K units), Japan (639K units), Canada (639K units), Spain (500K units), Poland (478K units), Australia (445K units) and Italy (435K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +53.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest side car and cycle with non-combustion motor importing markets worldwide were Germany ($2.3B), the United States ($1.9B) and the Netherlands ($1.5B), together accounting for 43% of global imports. France, Belgium, the Philippines, the UK, Canada, Spain, Italy, Australia, Japan and Poland lagged somewhat behind, together comprising a further 33%.

Poland, with a CAGR of +51.4%, 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

In 2022, the average import price for side cars and cycles with non-combustion motors amounted to $597 per unit, increasing by 21% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for side cars and cycles with non-combustion motors increased by +32.7% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($1,068 per unit), while Poland ($289 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 (+14.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Side Cars and Cycles with Non-Combustion Motors

In 2022, after five years of growth, there was significant decline in shipments abroad of side cars and cycles with non-combustion motors, when their volume decreased by -16.8% to 26M units. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 227% against the previous year. Over the period under review, the global exports of attained the maximum at 31M units in 2021, and then declined remarkably in the following year.

In value terms, exports of side cars and cycles with non-combustion motors rose remarkably to $15.2B in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 55%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports By Country

China prevails in motors structure, resulting at 16M units, which was approx. 64% of total exports in 2022. It was distantly followed by the Netherlands (2.5M units), committing a 9.6% share of total exports. The following exporters - Taiwan (Chinese) (966K units), Germany (797K units), Belgium (492K units), Bulgaria (441K units) and Italy (417K units) - together made up 12% of total exports.

Exports from China increased at an average annual rate of +28.7% from 2012 to 2022. At the same time, Bulgaria (+266.8%), the Netherlands (+55.5%), Italy (+43.9%), Germany (+31.0%), Belgium (+27.8%) and Taiwan (Chinese) (+23.0%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the world, with a CAGR of +266.8% from 2012-2022. The Netherlands (+7.9 p.p.) and Bulgaria (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese) and China saw its share reduced by -3.2% and -11.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($5.4B) remains the largest side car and cycle with non-combustion motor supplier worldwide, comprising 35% of global exports. The second position in the ranking was taken by the Netherlands ($1.8B), with a 12% share of global exports. It was followed by Germany, with a 9.6% share.

In China, exports of side cars and cycles with non-combustion motors expanded at an average annual rate of +28.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+44.7% per year) and Germany (+28.4% per year).

Export Prices By Country

In 2022, the average export price for side cars and cycles with non-combustion motors amounted to $593 per unit, jumping by 30% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 50% against the previous year. The global export price peaked at $1,135 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 Germany ($1,831 per unit), while China ($329 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) (+11.6%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform