Title: Global Two Wheeler Market Size, Share, Analysis & Industry Forecast 2016-2024
1Global Two-Wheelers Market Outlook
Global Two-Wheelers Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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2Global Two-Wheelers Market Outlook
Global Two-Wheelers Market Share(), By
Region-2016-2024
Global Two-Wheelers Market Size USD (Billion).
2016-2024
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In 2016, Motorcycles accounted for the highest
market share XX in Global Two-Wheelers market
With XX share in 2016, Asia Pacific dominated
the Global Two-Wheelers market
Global Two-Wheelers Market Share (), By Fuel
Type- 2016
Global Two-Wheelers Market Share (), By Product
Type-2016
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3Global Two-Wheelers Market Outlook
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- In 2017, India overtook China to emerge as a
global leader in the two-wheelers market. India
produced a total of XX million two-wheeler
vehicles, followed by China at XX million units.
China, however, remains the leading exporter of
two-wheelers, having shipped XX million units in
FY2017 compared to Indias count of XX million
units during the same period. -
- The massive government spending in rural programs
and large road-construction projects is leading
to a pickup in volumes in smaller towns and
villages. Besides the growing infrastructure and
rising incomes in the rural areas, one of the
primary reasons for the spurt in sales has been
the rise of women commuters. For Honda alone, the
share of women scooter drivers stands at XX. - Overall, the value of motorcycle exports rose by
an average XX for all exporting countries since
2013 when motorcycle shipments were valued at USD
XX billion. Year over the value of exported
motorcycles appreciated XX from 2016 to 2017.
Among continents, Asian countries accounted for
the highest dollar worth of exported motorcycles
during 2017 with shipments valued at USD XX
billion or XX of the global total. - The motorcycle market is big business and we
expect to see healthy growth, with worldwide
demand reaching XX million units per year by
2020. However, this growth is not uniform across
all regions. The majority of new sales will be in
Asia-Pacific, where, as living standards continue
to improve, an increasing number of households
will be able to afford motorcyclesincluding
those used for touring and leisure purposes. - Japanese OEMs claim over XX percent of the global
motorcycle market with Honda alone holding XX
percent. Chinese OEMs together hold about XX
percent. However, production is handled mainly in
India, Indonesia and Thailand, as many Chinese
and Japanese OEMs invest in local production
facilities to feed those growing markets.
Favorable Demographics
Government Spending on Infrastructure
Development
Sample
Inefficient Public Transport
Growing Personal Disposable Income
APAC Two-Wheelers Market Size (Million Units)
India
China
Indonesia
XX Million
2016
XX Million
XX Million
2024
XX Million
XX Million
XX Million
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4Global Two-Wheelers Market Size (USD
Billion)-2016-2024
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- Global Two-Wheelers Market is anticipated to
expand at a compound annual growth rate of XX
during the forecast period i.e. 2016-2024.
However, Chinese two-wheeler market was on the
decline for various reasons. The most evident was
the rise in demand for cars in the country and
high import cost on two-wheelers made it
difficult for the bike-makers to cater to the
segment. This resulted in the down-grade of the
two-wheeler segment in the country. - Like the car industry, the two-wheeler space is
also witnessing a lot of new trends, key among
them are safety, sub-segmentation and
premiumization. And, of course, when it comes to
the growing megatrend of electric mobility, the
two-wheeler has taken a strong lead in Asia. - Traffic in urban centers such as Jakarta, Kuala
Lumpur and Ho Chi Minh City has long been
characterized by swarms of small motorbikes and
scooters. Honda Motor Co. Ltd and Yamaha Motor
Co. Ltd, the worlds biggest motorbike makers,
have dominated this sprawling regional market.
The landscape is slowly shifting as the Southeast
Asian market, the worlds third-largest after
China and India, undergoes a structural change.
In Malaysia and Vietnam, motorbikes with bigger
engine capacities are outselling their smaller
cousins.
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- Young Population and Rising Middle-Class Income
- In addition to the sturdy growth in demand due to
a young population and rising middle-class
income, Asia offers significant cost advantages.
Auto firms save nearly XX-XX on operations
vis-à-vis Latin America and Europe. Rising
investments in terms of FDI inflow, of around USD
XX billion in the two-wheeler sector, have paved
the way for opportunities in manufacturing. - In metros and the larger cities, the sales are
also being aided by the choked infrastructure.
People are buying two-wheelers for shorter
commute and errands, even if they have a car. It
is difficult to move around in congested cities,
and even more difficult to get a space to park.
So, two-wheelers are increasingly becoming the
second vehicles in the household - For instance, the Governments plan to lay out
USD XX million in the near future will be a
driving force to frame business strategies.
Moreover, the Government wants to develop India
as a major RD hub and a global manufacturing
center. The Automotive Mission Plan, too,
received extensive policy support with reforms in
Goods and Services Tax (GST) regulations to boost
sector growth. - Moreover, the automotive sector in the ASEAN
countries has benefited from rising per capita
income and competitive bank-lending rates.
Motorization rates continue to remain on a steady
course towards the next wave of growth. Vietnam
has one of the fastest growing automotive sectors
in SEA and is experiencing a sales boom.
Number of motorcycles and scooters sold in the
ASEAN region 2017
Sample
Honda Motorcycle and Scooter India (HMSI), the
second-biggest player in the domestic market,
will invest USD 120.0 billion to launch new
products and improve efficiency at existing
production facilities.
Harley Davidson is all set to launch its first
electric motorcycle product in India in the next
16-18 months. Harley Davidson had showcased the
Project Livewire concept four years ago.
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- Impact Analysis-
- ASEAN region has pretty much reached a stage of
maturity for Japanese two-wheeler makers like
Honda and Yamaha, while there is still immense
potential in India. Yamahas market projections
for 2018 support this premise given that Indias
overall two-wheeler market is comfortably ahead
of the rest at XX million two-wheelers
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- Stringent Emission Norms and Government
Regulations - The Two wheeler manufacturers are likely to face
major challenges regarding the fuel emission
norms in different countries. For instance, in
February 2016, when the Union Ministry of Road
Transport and Highways of India notified the
enforcement of the new BS-VI emission regime from
1 April 2020, it spurred a whirl of activity
across the automotive sector and ancillary
industries. Since then OEMs have been mulling
various after-treatment technologies for cleaning
tailpipe emissions and working in close sync with
their supply chain to design the new components
that will be leveraged for meeting the new
emission regulations. - Honda is reasonably confident that it can meet
this head-on by leveraging its global
competencies as well as making the most of the
volumes generated in the subcontinent. It
believes that this will be an inflection point in
the leadership stakes from 2020 when people will
have a good reason to understand what a number
one brand means in technology. Consequently, the
numbers will also start pouring in and it will be
interesting to see if this will be enough to
surpass Hero. - As a result e-mobility penetrates across APAC,
the cost structure of vehicles is likely to
change. The market for ICE components like engine
and transmission could shrink gradually while key
components and systems related to EV motors and
battery, charging technology, power electronics
and EV software could see significant growth.
China and Indias Two Wheeler Exports (Million
Units) by Region- 2017
Sales of Motorcycles and Scooters in ASEAN
Countries 20115-2015
COUNTRY 2016 2015 Variance ()
Indonesia XX Thousand XX Thousand -X
Malaysia XX Thousand XX Thousand X
Philippines XX Thousand XX Thousand XX
Singapore XX Thousand XX Thousand XX
Thailand XX Thousand XX Thousand X
TOTAL XX Thousand XX Thousand -X
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- Impact Analysis-
- Two Wheeler manufacturers will have to comply
with the norms, so production cost will increase.
Hence, we need to increase price as well. So, the
total motorcycle industry will decrease in sales
in 2020. - Further, these new norms will give boost to the
growth of electric two wheelers market segment
during the forecast period. And the new companies
will emerged in this market.
Impact on Global Two-Wheelers Market
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Global Two-Wheelers Market Share (), By Vehicle
Type, 2016-2024
- With India set to go BS VI in less than 26 months
from now (April 2020) two-wheelers will see a
significant loss in fuel efficiency due to XX
percent reduction in NOx. Thus the impact of BS
VI will see a drop in fuel economy in the range
of X-XX percent, primarily due to near
stoichiometric engine operation coupled with
stringent NOx limits. - The Bosch Two-Wheeler and Powersports business
unit, based in Yokohama, Japan, continues to gain
momentum in the global motorcycle market. Since
the business unit was founded in April 2015,
Bosch motorcycle technology sales have risen more
than 20 percent. In comparison, production
volumes for motorized two-wheelers have grown by
less than five percent over the same period.
Demand for enhanced motorcycle safety and smart
connectivity solutions is driving the business. -
Sample
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Global Two-Wheelers Market Y-O-Y Growth, By
Vehicle Type 2016-2024
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Global Two-Wheelers Market Size (USD Billion), By
VehicleType-2016-2024
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Global Two-Wheelers Market Size (USD Billion), By
Motorcycles, 2016-2024
- Many potential new drivers in the
- region still own two-wheelers, with motorcycle
penetration rates at over 80 in Indonesia,
Thailand, Vietnam and Malaysia. - Two-wheeler sales in India grew roughly XX over
five years to about XX million units in fiscal
2016, data from the Society of Indian Automobile
Manufacturers shows. Along the way, India has
surpassed China to claim the title of the world's
largest two-wheeler market. In the current fiscal
year, cumulative sales for 10 months through
January rose XX on the year to over XX million
units. -
- Scooter sales rose XX in fiscal 2016, sharper
than the X increase in overall two-wheeler
sales. Scooters today make up XX of this market,
with their share growing XX percentage points
over five years.
Sample
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Global Two-Wheelers Market Y-O-Y Growth, By
Motorcycles 2016-2024
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Motorcycle Market Growth in Different Countries,
2012-2016
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9Global Two-Wheelers Market Attractiveness-By
Vehicle Type, 2016-2024
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CAGR ()
Market Size (USD Million)
Sample
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Water based adhesive segment holds the largest
revenue share in the Global Two-Wheelers market
as this segment constitutes which is impacted by
the rising cognizance among the household users
and thus it is likely to expand at XX CAGR
during the forecast period. Two-Wheelers market
is relying on the adoption of EHR (Electronic
health record) software by various healthcare
facility providers in order to stand ahead in
future. Behavioral health EHR creates a world of
difference to the staff and patients and goes the
extra mile giving advanced capabilities such as
it include support for documenting violence risk
factors, suicide risk factors, or sadness scales.
Global Two-Wheelers Market BPS Analysis- By
Vehicle Type, 2016-2024
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10Asia Pacific Two Wheeler Market Size (USD
Billion)-2016-2024
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Asia Pacific Two Wheeler Market Size (USD
Billion), By , 2016-2024
Asia Pacific Two Wheeler Market Size (USD
Billions), By Country-2016-2024
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11Global Two-Wheelers Market Attractiveness-By
Country, 2016-2024
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CAGR ()
Market Size (USD Million)
RoAPAC
Sample
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According to the above graph, India Two-Wheelers
market is anticipated to be the most attractive
market across the region, for new entrants
looking to enter in the market, existing players
looking for business expansion and investors
seeking investment opportunities over the
forecast period i.e. 2016-2024 To penetrate
fertile geographies, two wheeler manufacturers
must work with top-level distributors. These
distributors will eventually have to devise sound
marketing strategies and persuasive selling
points for two wheelers. A winning policy will
include innovative and low-cost products for
South American markets, along with high
configuration design and robust aftersales
service. Automobile businesses must also make the
investment necessary to produce a motorcycle
model suitable for each geography.
Global Two-Wheelers Market BPS Analysis- By
Country, 2016-2024
Source Goldstein Research
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Honda Motors (Company Overview Business
Strategy)
Founded 1946
Website www. global.honda.com
Employees 208,399
Headquarters Japan
Company Overview
Major Products
Automobiles
Motorcycles
Power Products
Honda Jet
- Honda Motor Company, Ltd. is a Japanese public
multinational conglomerate corporation primarily
known as a manufacturer of automobiles, aircraft,
motorcycles, and power equipment. - Honda has been the world's largest motorcycle
manufacturer since 1959, as well as the world's
largest manufacturer of internal combustion
engines measured by volume, producing more than
14 million internal combustion engines each year. - Aside from their core automobile and motorcycle
businesses, Honda also manufactures garden
equipment, marine engines, personal watercraft
and power generators, and other products. - Honda is headquartered in Minato, Tokyo, Japan.
Their shares trade on the Tokyo Stock Exchange
and the New York Stock Exchange, as well as
exchanges in Osaka, Nagoya, Sapporo, Kyoto,
Fukuoka, London, Paris and Switzerland.
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Business Strategy
- Enterprise Strategy The Mission Statement of
Honda is try to maintain a global point of view,
with the dedication to supply the highest quality
products at a reasonable price for worldwide
customer satisfaction. - Corporate Strategy Honda's portfolio includes
four businesses Automobiles business,
Motorcycles business, Power business and honda
jets. Even though stepping into Automobile
industry rather late at 1963, Honda quickly leads
the industry with characteristics like superior
fuel economy, optimum safety, and driving
pleasure. Honda's sales and production in this
industry prove successful steadily not just in
U.S. but also in many regions worldwide. - Business Strategy One of the proudest things
about Honda is its RD system. With the
systematic way of resembling, focus on
durability, reliability and basic performance to
establish a creative and innovative technical
foundation. Also, Honda has established
independent local operation around the world and
pushed local autonomy and proactive efforts to
localize the needs regional with mutual
understanding.
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