Paul Thomen

Thursday, 29 August 2013

Worldwide Motorcycle Components Industry 2017 Forecasts

Global demand to rise 7.5% per annum through 2017 The worldwide market for motorcycle components, including those for electric bicycles (e-bikes) and motorcycles (ecycles), is forecast to expand 7.5 percent annually to $119.5 billion in 2017. The Asia/Pacific region, which has both the highest motorcycle production and the most motorcycles in use, will continue to dominate worldwide demand, representing four-fifths of total motorcycle parts consumption in 2017.

Complete report available @

China, other Asia/Pacific nations to pace demandGlobal sales of motorcycle parts will be fueled by rising motorcycle output and an expansion in the size of the motorcycle park, both the result of better standards of living in developing nations. China will remain by far the largest national market, with India and Indonesia also important because of their large populations, plus the large size of their motorcycle manufacturing industries, which boost associated component consumption. There is a strong correlation between average income levels and motorcycle and related parts demand. In emerging economies where motorcycles are an attractive alternative to walking, riding a bicycle, or using mass transit, good gains in motorcycle component sales are triggered once certain per capita income thresholds have been reached.

Tires, electrical & electronic components to grow fastest
Engine and drive train parts will remain the largest component product category in dollar terms because they account for the greatest percentage of total parts costs, regardless of the model. Products in this segment, as well as those included in the structural group, derive the vast majority of their sales from OEM applications. This is because almost all of these parts have low replacement rates, meaning that they are designed to last the useful life of a motorcycle.
The fastest growth among major motorcycle component categories will be seen by tires, with the replacement market accounting for more than four-fifths of incremental demand from 2012 to 2017. Sales of electrical and electronic parts will climb the next fastest, aided by growth in the motorcycle stock and rising output of e-bikes and e-cycles, many of which use more expensive batteries than those installed in traditional ICE cycles.

Medium & heavy ICE OEM parts to remain dominant in US
Original equipment manufacturer (OEM) motorcycle parts will continue to account for the majority of the market total in 2017, representing 55 percent of all sales. OEM consumption levels are dependent on the number and types of motorcycles produced, while aftermarket demand -- which makes up the remainder -- climbs along with the size of the motorcycle stock. As a general rule, medium and heavy internal combustion engine (ICE) motorcycles are the most expensive machines to build and maintain. As a result, the US, which has significant production and a sizable stock of medium and heavy ICE motorcycles, will account for five percent of worldwide component demand in 2017.

Company Profiles
Profiles 50 global industry players such as Bajaj Auto, Bridgestone, BMW, Continental, Goodyear, Harley-Davidson, Hero MotoCorp, Honda, Kawasaki and Yamaha

Additional Information
This study analyzes the world market for motorcycle components, including those for internal combustion engine (ICE) and electric types, for both original equipment manufacturing (OEM) and the aftermarket. ICE motorcycles include: scooters of all displacements, mopeds, and motorbikes of 100 cubic centimeters (cc) or less engine displacement; light motorcycles of 101 cc to 249 cc; and medium and heavy motorcycles of 250 cc and greater. Electrically powered motorcycles (e-cycles) include electric bicycles (e-bikes), mopeds, scooters, and larger motorcycles.
In addition to components for two-wheeled vehicles, those for three wheeled motorcycles are included in the study numbers. Three-wheeled motorcycles include both sidecar motorcycles (two-wheeled motorcycles with an attached one-wheel sidecar) and traditional or purpose-built motorcycles used for recreational purposes that are fitted with a two-wheeled axle in either the front or rear.

The five major motorcycle component categories covered are:
  • Engine & Drive train -- drive train components, electric propulsion motors, and internal combustion engines and parts
  • Tires
  • Structural -- frames, suspensions, wheels, and other structural parts
  • Electrical and Electronic -- batteries, ignition system components, lighting equipment, and other electrical and electronic parts
  • Other -- brake parts, exhaust and emission system components, filters, and all other products
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