Motorcycles and Cycles With an Auxiliary Motor Market

The article discusses the global market trends for motorcycles and cycles with an auxiliary motor, forecasting an upward consumption trend over the next eight years. It highlights the expected increase in market volume to 4.6M units and market value to $4.5B by 2030. The analysis covers consumption patterns, production, imports, exports, and key countries' performance in the market. Key findings include China as the largest consumer and producer, followed by India and the United States. Morocco shows significant growth in market size and value. The average import and export prices also indicate notable fluctuations and differences among major countries.

Market Forecast

Driven by rising demand for motorcycles and cycles with an auxiliary motor worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 4.6M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $4.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Motorcycles and Cycles With an Auxiliary Motor

In 2022, global consumption of motorcycles and cycles with an auxiliary motor totaled 3.9M units, picking up by 10% against the year before. In general, consumption, however, showed a noticeable decrease. Global consumption peaked at 5.8M units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The revenue of the market for motorcycles and cycles with an auxiliary motor worldwide expanded notably to $3.5B in 2022, increasing by 11% 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). Overall, consumption, however, recorded a pronounced setback. Global consumption peaked at $4.7B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of consumption of motorcycles and cycles with an auxiliary motor was China (788K units), comprising approx. 20% of total volume. Moreover, consumption of motorcycles and cycles with an auxiliary motor in China exceeded the figures recorded by the second-largest consumer, India (263K units), threefold. The United States (204K units) ranked third in terms of total consumption with a 5.2% share.

In China, consumption of motorcycles and cycles with an auxiliary motor contracted by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-4.5% per year) and the United States (-6.3% per year).

In value terms, China ($367M), India ($204M) and Germany ($147M) were the countries with the highest levels of market value in 2022, together comprising 20% of the global market. The United States, Indonesia, Pakistan, Nigeria, Morocco, Japan, Brazil, Democratic Republic of the Congo, Bangladesh and Russia lagged somewhat behind, together accounting for a further 21%.

Morocco, with a CAGR of +11.1%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while motor for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of motorcycles and cycles with an auxiliary motor per capita consumption in 2022 were Morocco (3,107 units per million persons), Japan (1,632 units per million persons) and Germany (868 units per million persons).

From 2012 to 2022, the most notable rate of growth in terms of motor, amongst the key consuming countries, was attained by Morocco (with a CAGR of +12.7%), while motor for the other global leaders experienced more modest paces of growth.

Production

World Production of Motorcycles and Cycles With an Auxiliary Motor

In 2022, approx. 4.3M units of motorcycles and cycles with an auxiliary motor were produced worldwide; increasing by 3.6% on the previous year's figure. Over the period under review, production, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 15% against the previous year. Global production peaked at 6M units in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, production of motorcycles and cycles with an auxiliary motor rose slightly to $3.9B in 2022 estimated in export price. In general, production, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 14%. Global production peaked at $5.8B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (1.7M units) remains the largest motorcycles and cycles with an auxiliary motor producing country worldwide, accounting for 39% of total volume. Moreover, production of motorcycles and cycles with an auxiliary motor in China exceeded the figures recorded by the second-largest producer, Japan (363K units), fivefold. The third position in this ranking was taken by India (270K units), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to -3.2%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+2.9% per year) and India (-4.3% per year).

Imports

World Imports of Motorcycles and Cycles With an Auxiliary Motor

In 2022, supplies from abroad of motorcycles and cycles with an auxiliary motor decreased by -26.4% to 832K units, falling for the second year in a row after three years of growth. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Global imports peaked at 2M units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor contracted to $786M in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 8%. Over the period under review, global imports of reached the peak figure at $1.3B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

Morocco (117K units) and the United States (112K units) represented roughly 28% of total imports in 2022. It was followed by Russia (67K units), generating an 8.1% share of total imports. Mozambique (33K units), Democratic Republic of the Congo (32K units), Belgium (32K units), Brazil (31K units), France (29K units), the Netherlands (20K units), Angola (19K units), the UK (18K units), Ghana (16K units) and Japan (14K units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +57.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, France ($72M), the United States ($70M) and Morocco ($66M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 26% of global imports. The Netherlands, Democratic Republic of the Congo, Belgium, Russia, Angola, Japan, Brazil, the UK, Ghana and Mozambique lagged somewhat behind, together comprising a further 30%.

Democratic Republic of the Congo, with a CAGR of +51.0%, 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 import price for motorcycles and cycles with an auxiliary motor stood at $944 per unit in 2022, rising by 20% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 motorcycles and cycles with an auxiliary motor increased by +91.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 60% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,060 per unit), while Mozambique ($47 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Motorcycles and Cycles With an Auxiliary Motor

In 2022, after two years of growth, there was significant decline in shipments abroad of motorcycles and cycles with an auxiliary motor, when their volume decreased by -29.6% to 1.2M units. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 23%. The global exports peaked at 2.1M units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor shrank rapidly to $853M in 2022. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. The global exports peaked at $1.4B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

China represented the main exporter of motorcycles and cycles with an auxiliary motor in the world, with the volume of exports amounting to 893K units, which was near 73% of total exports in 2022. It was distantly followed by Japan (174K units), creating a 14% share of total exports. Italy (32K units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the motorcycles and cycles with an auxiliary motor exports, with a CAGR of -4.3% from 2012 to 2022. Japan (-5.1%) and Italy (-10.5%) illustrated a downward trend over the same period. China (+6.6 p.p.) significantly strengthened its position in terms of the global exports, while Italy saw its share reduced by -2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($420M) remains the largest motorcycles and cycles with an auxiliary motor supplier worldwide, comprising 49% of global exports. The second position in the ranking was held by Italy ($133M), with a 16% share of global exports.

In China, exports of motorcycles and cycles with an auxiliary motor shrank by an average annual rate of -4.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-3.4% per year) and Japan (-3.3% per year).

Export Prices By Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $693 per unit in 2022, rising by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 14%. The global export price peaked at $795 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Italy ($4,149 per unit), while Japan ($455 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform