NAVI MUMBAI, India -- Bharat Book Bureau presents the new report, on 'World Motorcycle Components' 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. World motorcycle components market (http://www.bharatbook.com/automobiles-market-research-rep...)
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, (http://www.bharatbook.com/market-research-report/automobi...) 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.
For more information kindly visit : http://www.bharatbook.com/automobiles-market-research-reports/world-motorcycle-components.html
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