Dallas, Texas (PRWEB) August 29, 2013
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.
China, other Asia/Pacific nations to pace demand
Global 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 (http://www.reportsnreports.com/reports/267682-world-motorcycle-components-to-2017.html) 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.
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Profiles 50 global industry players such as Bajaj Auto, Bridgestone, BMW, Continental, Goodyear, Harley-Davidson, Hero MotoCorp, Honda, Kawasaki and Yamaha
The five major motorcycle component categories covered are:
Other Reports on Motorcycles Market:
1. World Motorcycles to 2016 (http://www.reportsnreports.com/reports/218403-world-motorcycles-to-2016.html): The worldwide market for motorcycles, including electrically-powered twowheelers, is forecast to grow 7.2 percent annually to 134.5 million units in 2016, and industry revenues are expected to rise 8.7 percent per year to $90.1 billion. The Asia/Pacific region will continue to dominate worldwide demand, representing 84 percent of all units sold in 2016. The region, which is home to the six largest national motorcycle markets, will account for more than four-fifths of all new unit sales between 2011 and 2016. However, it will only be the fourth fastest growing region in percentage terms behind North America, the Africa/Mideast region, and Eastern Europe, much smaller markets that together account for less than one tenth of global demand. China will remain by far the largest national market.
2. 2013 Deep Research Report on Global and China Motorcycle Industry (http://www.deepresearchreports.com/111285.html)
3. China motorcycle manufacturing industry, 2013 (http://www.reportsnreports.com/reports/220776-china-motorcycle-manufacturing-industry-2013.html) : The report provides the whole set of the industry data, in-depth analysis and detailed insight into the motorcycle manufacturing industry, market drivers, key enterprises and their strategies, as well as technologies and investment status, risks and trends.
Explore more reports on Automotive Market @ http://www.reportsnreports.com/market-research/automotive/ and Tire Market @ http://www.reportsnreports.com/tags/tire-market-research.html.
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