Global motorcycle market to grow 6.3% by 2015 says new report

Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report.

The report “World Motorcycles (including Electric Bikes & Mopeds)” states that global demand for motorcycles powered by internal combustion engines (ICEs) and electric motors ("e-cycles") will grow 6.3% annually to 2015, hitting 119 million units. Sales revenues will expand strongly as well, increasing 8.3% per year to $66 billion in 2015 as the triad markets return to economic health.

The 380 page report states that electric-powered cycles have risen to prominence due to their explosive growth in China, which in 2010 represented 93% of the total global market for these types. Electric cycles will register stronger growth than ICE motorcycles, but from a smaller unit base. They trade off lower performance against cheaper prices compared to ICE motorcycles.

ICE motorcycles will remain dominant throughout the forecast period, with light outselling other ICE product types to maintain their position as the largest single segment in terms of unit volume in the motorcycle market.

Read more about the report “World Motorcycles (including Electric Bikes & Mopeds)”

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