World Motorcycle Components Market

  • August 2013
  • -
  • Freedonia
  • -
  • 442 pages

Global demand to rise 7.5% per annum through 2017

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 sales are triggered once certain per capita income thresholds have been reached.

Tires, electrical & electronic components to grow fastest

Engine and drivetrain 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.

Study coverage

Details on these and other key findings are presented in World Motorcycle Components, an upcoming Freedonia industry study priced at $5900. It offers historical data (2002, 2007 and 2012) plus forecasts (2017 and 2022) for supply and demand data, as well as demand by type, in six regions and 20 countries.

The study also assesses key market environment factors, examines the global industry structure, evaluates company market share and profiles 50 competitors in the global industry, including Bajaj Auto, BMW, Bridgestone, Continental, Goodyear, Harley-Davidson, Honda, Hero MotoCorp, Kawasaki and Yamaha.

Table Of Contents

TABLE OF CONTENTS

INTRODUCTION xiii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 6
World Economic Outlook 8
World Demographic Overview 11
Population 12
Urban Population 13
Households 15
World Personal Income Trends 17
World Motorcycle Overview 19
Motorcycle Production 23
Internal Combustion Engine Motorcycles 26
Electric Motorcycles 29
Motorcycles in Use 33
World Light Vehicle Demand 37
Legal and Regulatory Issues 40
Counterfeit Products 41
End of Life Requirements 43
Restrictions on Motorcycle Use 44
Rider Safety 45
Exhaust Emissions 47
Pricing Patterns 49
Technological Trends 51
Internal Combustion Engine Motorcycles 52
Electric Motorcycles 53

III. WORLD SUPPLY and DEMAND 55

General 55
Regional Overview 56
Demand 56
Production 59
International Trade 62
Demand by Market 64
Original Equipment Manufacturing 65
Aftermarket 68
Demand by Product 72
Engine and Drivetrain 74
Internal Combustion Engines and Parts 77
Electric Propulsion Motors 79
Drivetrain Components 81
Tires 83
Structural Components 87
Wheels 90
Frames 92
Suspensions 93
Other 95
Electrical and Electronic Components 96
Batteries 100
Lighting Equipment 102
Ignition System Components 104
Other 106
Other Motorcycle Components 107
Brake Parts 111
Filters 113
Exhaust and Emission System Components 114
All Other 116

IV. NORTH AMERICA 118

General 118
Motorcycle Component Supply and Demand 119
Motorcycle Component Outlook and Suppliers 122
United States 125
Canada 132
Mexico 138

V. WESTERN EUROPE 145

General 145
Motorcycle Component Supply and Demand 146
Motorcycle Component Outlook and Suppliers 149
Italy 153
Germany 160
Spain 166
France 172
United Kingdom 178
Other Western Europe 184

VI. ASIA/PACIFIC 190

General 190
Motorcycle Component Supply and Demand 191
Motorcycle Component Outlook and Suppliers 194
China 197
India 204
Indonesia 210
Japan 217
Vietnam 224
Thailand 231
Taiwan 237
Pakistan 243
Philippines 249
Malaysia 255
South Korea 261
Other Asia/Pacific 267

VII. OTHER REGIONS 274

Central and South America 274
General 274
Motorcycle Component Supply and Demand 275
Motorcycle Component Outlook and Suppliers 278
Brazil 281
Other Central and South America 288
Eastern Europe 294
General 294
Motorcycle Component Supply and Demand 295
Motorcycle Component Outlook and Suppliers 298
Africa/Mideast 301
General 301
Motorcycle Component Supply and Demand 303
Motorcycle Component Outlook and Suppliers 305

VIII. INDUSTRY STRUCTURE 309

General 309
Industry Composition 310
Market Share 313
Product Development and Manufacturing 317
Marketing and Distribution 319
Cooperative Agreements 322
Mergers and Acquisitions 326
Company Profiles 329
Akrapovi? dd 330
Arrow Special Parts SpA 331
Bajaj Auto Limited 332
Bayerische Motoren Werke AG 334
BMW Motorrad, see Bayerische Motoren Werke
Brembo SpA 336
Bridgestone Corporation 338
China Jialing Industrial Company Limited 340
Chongqing Jianshe Motorcycle Company Limited 341
Chongqing Yinxiang Motorcycle Group Company Limited 342
Chongqing Yujiang Die-Casting Company Limited 343
Chongqing Zongshen Power Machinery Company Limited 344
Continental AG 345
Cooper Tire and Rubber Company 348
Daelim Industrial Company Limited 349
Dayun Group Company Limited 351
Ducati Motor Holding, see Volkswagen
Edelbrock LLC 352
EnerSys 353
Exide Technologies 354
Giant Manufacturing Company Limited 356
Goodyear Tire and Rubber Company 357
Guangzhou Dayang Motorcycle, see Dayun Group
Haojue Holdings Company Limited 359
Harley-Davidson Incorporated 360
Hero MotoCorp Limited 362
Honda Motor Company Limited 363
Hong Leong Industries Berhad 365
Jiangmen Dachangjiang Group, see Haojue Holdings
Jiangsu Xinri E-Vehicle Company Limited 366
Jiangsu Yadea Technical Development Company Limited 367
Jinfei Holding Group Company Limited 368
Johnson Controls Incorporated 369
Kawasaki Heavy Industries Limited 371
Keihin Corporation 373
KTM AG 376
Kwang Yang Motor Company Limited 378
KYB Motorcycle Suspension, see Yamaha Motor
Lifan Industry Group Company Limited 380
Loncin Motor Company Limited 381
Luoyang North Enterprises Group Company Limited 382
Michelin Group 384
MITSUBA Corporation 386
Musashi Seimitsu Industry Company Limited 388
MV Agusta Motor SpA 390
Piaggio and C. SpA 392
Pirelli and C. SpA 394
Polaris Industries Incorporated 396
Russell Performance Products, see Edelbrock
SandS Cycle Incorporated 397
Sanyang Industry Company Limited 398
Scandinavian Brake Systems A/S 400
Suzuki Motor Corporation 401
Tianneng Power International Limited 403
Triumph Motorcycles Limited 404
Volkswagen AG 406
Wanfeng Auto Holding Group Company Limited 408
Yamaha Motor Company Limited 409
Zhejiang Wanfeng Auto Wheel, see Wanfeng Auto
Holding Group
Other Companies Mentioned in Study 413



LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 11
2 World Population by Region 13
3 World Urban Population by Region 15
4 World Households by Region 17
5 World Per Capita Gross Domestic Product by Region 19
6 World Motorcycle Production by Engine Type and Region 25
7 World Internal Combustion Engine Motorcycle Production
by Type and Region 29
8 World Electric Motorcycle Production by Type and Region 33
9 World Motorcycles in Use by Engine Type and Region 36
10 World Light Vehicle Demand by Region 40
11 Original Equipment Manufacturing Motorcycle Component
Cost by Region 51

SECTION III -- WORLD SUPPLY and DEMAND

1 World Motorcycle Component Demand by Region 58
2 World Motorcycle Component Production by Region 61
3 World Motorcycle Component Net Exports by Region 63
4 World Motorcycle Demand by Market 65
5 World Original Equipment Manufacturing Motorcycle
Component Demand by Region 67
6 World Aftermarket Motorcycle Component Demand by Product
and Region 71
7 World Motorcycle Component Demand by Type 73
8 World Motorcycle Engine and Drivetrain Component Demand
by Product and Region 76
9 World Motorcycle Internal Combustion Engine and Parts Demand
by Region 79
10 World Motorcycle Electric Propulsion Motor Demand by Region 81
11 World Motorcycle Drivetrain Component Demand by Region 83
12 World Motorcycle Tire Demand by Market and Region 86
13 World Motorcycle Structural Component Demand by Product
and Region 89
14 World Motorcycle Wheel Demand by Region 91
15 World Motorcycle Frame Demand by Region 93
16 World Motorcycle Suspension Demand by Region 95
17 World Demand for Other Motorcycle Structural Components
by Region 96
18 World Motorcycle Electrical and Electronic Component Demand
by Product and Region 99
19 World Motorcycle Battery Demand by Market and Region 102
20 World Motorcycle Lighting Equipment Demand by Region 104
21 World Motorcycle Ignition System Demand by Region 106
22 World Demand for Other Motorcycle Electrical and Electronic
Components by Region 107
23 World Demand for Other Motorcycle Components by Product
and Region 110
24 World Motorcycle Brake Part Demand by Market and Region 112
25 World Motorcycle Filter Demand by Market and Region 114
26 World Motorcycle Exhaust and Emission System Parts Demand
by Region 116
27 World Demand for All Other Motorcycle Components
by Region 117

SECTION IV -- NORTH AMERICA

1 North America: Motorcycle Component Supply and Demand 121
2 North America: Motorcycle Component Demand by Type 124
3 United States: Motorcycle Component Supply and Demand 128
4 United States: Motorcycle Component Demand by Type 131
5 Canada: Motorcycle Component Supply and Demand 134
6 Canada: Motorcycle Component Demand by Type 137
7 Mexico: Motorcycle Component Supply and Demand 141
8 Mexico: Motorcycle Component Demand by Type 144

SECTION V -- WESTERN EUROPE

1 Western Europe: Motorcycle Component Supply and Demand 148
2 Western Europe: Motorcycle Component Demand by Type 152
3 Italy: Motorcycle Component Supply and Demand 156
4 Italy: Motorcycle Component Demand by Type 159
5 Germany: Motorcycle Component Supply and Demand 162
6 Germany: Motorcycle Component Demand by Type 165
7 Spain: Motorcycle Component Supply and Demand 168
8 Spain: Motorcycle Component Demand by Type 171
9 France: Motorcycle Component Supply and Demand 174
10 France: Motorcycle Component Demand by Type 177
11 United Kingdom: Motorcycle Component Supply and Demand 180
12 United Kingdom: Motorcycle Component Demand by Type 183
13 Other Western Europe: Motorcycle Component Supply
and Demand 186
14 Other Western Europe: Motorcycle Component Demand
by Type 189

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Motorcycle Component Supply and Demand 193
2 Asia/Pacific: Motorcycle Component Demand by Type 196
3 China: Motorcycle Component Supply and Demand 200
4 China: Motorcycle Component Demand by Type 203
5 India: Motorcycle Component Supply and Demand 206
6 India: Motorcycle Component Demand by Type 209
7 Indonesia: Motorcycle Component Supply and Demand 213
8 Indonesia: Motorcycle Component Demand by Type 216
9 Japan: Motorcycle Component Supply and Demand 220
10 Japan: Motorcycle Component Demand by Type 223
11 Vietnam: Motorcycle Component Supply and Demand 227
12 Vietnam: Motorcycle Component Demand by Type 230
13 Thailand: Motorcycle Component Supply and Demand 233
14 Thailand: Motorcycle Component Demand by Type 236
15 Taiwan: Motorcycle Component Supply and Demand 239
16 Taiwan: Motorcycle Component Demand by Type 242
17 Pakistan: Motorcycle Component Supply and Demand 245
18 Pakistan: Motorcycle Component Demand by Type 248
19 Philippines: Motorcycle Component Supply and Demand 251
20 Philippines: Motorcycle Component Demand by Type 254
21 Malaysia: Motorcycle Component Supply and Demand 257
22 Malaysia: Motorcycle Component Demand by Type 260
23 South Korea: Motorcycle Component Supply and Demand 263
24 South Korea: Motorcycle Component Demand by Type 266
25 Other Asia/Pacific: Motorcycle Component Supply and Demand 270
26 Other Asia/Pacific: Motorcycle Component Demand by Type 273

SECTION VII -- OTHER REGIONS

1 Central and South America: Motorcycle Component
Supply and Demand 277
2 Central and South America: Motorcycle Component Demand
by Type 280
3 Brazil: Motorcycle Component Supply and Demand 284
4 Brazil: Motorcycle Component Demand by Type 287
5 Other Central and South America: Motorcycle Component
Supply and Demand 290
6 Other Central and South America: Motorcycle Component
Demand by Type 293
7 Eastern Europe: Motorcycle Component Supply and Demand 297
8 Eastern Europe: Motorcycle Component Demand by Type 300
9 Africa/Mideast: Motorcycle Component Supply and Demand 304
10 Africa/Mideast: Motorcycle Component Demand by Type 307

SECTION VIII -- INDUSTRY STRUCTURE

1 Motorcycle Component Sales by Company, 2012 311
2 Selected Cooperative Agreements 324
3 Selected Acquisitions and Divestitures 328



LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Typical Motorcycle Market Transition Points for Selected
Countries, 2012 22
2 World Motorcycle Production by Region, 2012 26
3 World Motorcycles in Use by Region, 2012 37

SECTION III -- WORLD SUPPLY and DEMAND

1 World Motorcycle Component Demand by Region, 2012 59
2 World Motorcycle Component Production by Region, 2012 62
3 World Original Equipment Manufacturing Motorcycle
Component Demand by Region, 2012 68
4 World Aftermarket Motorcycle Component Demand
by Region, 2012 72
5 World Motorcycle Component Demand by Type, 2002-2022 74
6 World Motorcycle Engine and Drivetrain Component Demand
by Region, 2012 77
7 World Motorcycle Tire Demand by Region, 2012 87
8 World Motorcycle Structural Component Demand
by Region, 2012 90
9 World Motorcycle Electrical and Electronic Component Demand
by Region, 2012 100
10 World Demand for Other Motorcycle Components
by Region, 2012 111

SECTION IV -- NORTH AMERICA

1 North America: Motorcycle Component Demand
by Type, 2012 125

SECTION V -- WESTERN EUROPE

1 Western Europe: Motorcycle Component Demand
by Type, 2012 153

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Motorcycle Component Demand by Type, 2012 197

SECTION VII -- OTHER REGIONS

1 Central and South America: Motorcycle Component Demand
by Type, 2012 281
2 Eastern Europe: Motorcycle Component Demand
by Type, 2012 301
3 Africa/Mideast: Motorcycle Component Demand
by Type, 2012 308

SECTION VIII -- INDUSTRY STRUCTURE

1 World Motorcycle Component Market Share, 2012 314

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