Global Motorcycle Industry
The world motorcycle industry was worth almost $63.5 billion in 2010, having recorded no yearly growth for the four preceding years, reports MarketLine. Market growth is expected to accelerate to a yearly rate of 6% between 2010 and 2015, to reach almost $85 billion. Overall, the motorcycle market is characterized by a high degree of fragmentation.
The global motorcycle manufacturing sector generated $74 billion in 2011, according to research from MarketLine. The industry’s 3% yearly growth rate between 2007 and 2011 is forecast to rise to more than 12% between 2011 and 2016. Industry production volumes grew at a yearly rate in excess of 5% over the four-year period ending 2011, and the manufacturing side of the motorcycle industry is expected to generate more than $130 billion before the end of 2016.