In the five years to come, revenue of the Motorcycle Manufacturing industry is expected to grow at an annualized 1.8%, to $21.59 billion in 2016.
Los Angeles, CA (PRWEB) November 09, 2011
The development of the Motorcycle Manufacturing industry in China has been driven by strong domestic and foreign demand, due to higher motorcycle usage in recent years. Revenue of the industry is estimated to increase at an annualized rate of 7.9% in the five-year period through 2011, according to IBISWorld, America's largest publisher of industry research.
The global financial crisis negatively affected a wide range of Chinese industries as consumer income levels stagnated and external demand faltered. This industry saw revenue decline by 0.3% in 2009. With favorable policies implemented by the Chinese government in 2009, domestic demand increased as local consumption increases offset part of the export declines.
However, due to new motorcycle emission standards, which have been enforced since July 2010, output of the industry is expected to decline by 6.2% in 2011. Moreover, pressed by domestic inflation, government subsidies for purchasing motorcycles have been decreasing, and competition from electric bicycles and automobiles have intensified over the year. Industry revenue in 2011 is estimated at $19.77 billion, up 0.1% from 2010.
According to IBISWorld, industry output is forecast to increase by an average annualized rate of 5% per year in the five years through 2011. This year, China motorcycle manufacturers are forecast to produce about 25.9 million motorcycles, declining by 6.2% from 2010, mainly due to the drop in domestic demand during the year.
Unlike domestic demand, exports are expected to increase by 20.5% in 2011. The industry exports to many countries, most of which are in Southeast Asia, South Asia, Africa and the Middle East. Currently, sales to the US and European markets are increasing. In the five years to come, revenue of the Motorcycle Manufacturing industry is expected to grow at an annualized 1.8%, to $21.59 billion in 2016. The forecast growth is much slower than that of the current period because domestic demand for motorcycles is forecast to decrease during the next five-year period.
For more information visit IBISWorld’s Motorcycle Manufacturing in China report
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The Motorcycle Manufacturing industry in China comprises establishments that manufacture standard two-wheel, three-wheel and sports motorcycles, as well as scooters. This includes standard motorcycles with sidecars. This industry does not include the manufacture of electric bicycles.
Motorcycle Manufacturing Industry Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.