Worldwide demand for motorcycles will grow 4.9 percent annually through 2009. Gains will be driven by the emerging Asian economies, where motorcycles are seen as primary family and work vehicles, as well as by much smaller markets in industrialized nations, where motorcycles are seen as pleasure vehicles.

This study analyzes the 32.7 million unit global motorcycle industry. It presents historical demand data for 1994, 1999 and 2004 and forecasts to 2009 and 2014 by type (scooters, mopeds and motor bikes of 100 cc or less engine displacement; light motorcycles of 101 cc to 249 cc; medium and heavy motorcycles of 250 cc and greater); by world region (e.g., Asia/Pacific, North America, Western Europe); and for 19 major countries.

The study also considers market environment trends and indicators, evaluates company market share and profiles 28 major industry competitors including Honda, Yamaha, Harley-Davidson, and Suzuki.

                           TABLE OF CONTENTS
                                    
  
  SECTION                                                          PAGE
  
         INTRODUCTION                                                ix
         
   I.    EXECUTIVE SUMMARY                                            1
                                                                       
  II.    MARKET ENVIRONMENT                                           4
         General                                                      4
         World Economic Overview                                      5
         Personal Income & Expenditure Trends                         9
         World Demographic Outlook                                   11
         World Light Vehicle Overview                                13
           Light Vehicle Production                                  14
           Light Vehicle Sales                                       17
         Motorcycle Industry Trends                                  20
         Environmental & Regulatory Factors                          21
           Motorcycle Emissions                                      21
           Motorcycle Safety                                         23
         Pricing Trends                                              25
         Technological Trends                                        27
           Ongoing Shift from 2-Stroke to 4-Stroke Engines           29
           Arrival of Electric Motorbikes                            31
  
 III.    WORLD OVERVIEW                                              34
         General                                                     34
           Two Market Models: Developed Versus Emerging              35
           Historical Context: Japan in the 1950s                    36
           Forecast Model Inputs                                     39
           Model Fit & Implementation                                45
         Demand by Region                                            48
         Demand by Type                                              51
         Production by Region                                        54
         Foreign Trade in Motorcycles                                56
         
  IV.    NORTH AMERICA                                               60
         General                                                     60
         Motorcycle Demand by Type                                   63
         United States                                               65
         Canada                                                      71
         Mexico                                                      76
  
   V.    WESTERN EUROPE                                              82
         General                                                     82
         Motorcycle Demand by Type                                   84
         Italy                                                       87
         France                                                      92
         Germany                                                     97
         Spain                                                      102
         United Kingdom                                             106
         Other Western Europe                                       110
           
  VI.    ASIA/PACIFIC                                               114
         General                                                    114
         Motorcycle Demand by Type                                  118
         China                                                      121
         India                                                      128
         Indonesia                                                  133
         Thailand                                                   138
         Vietnam                                                    143
         Japan                                                      147
         Taiwan                                                     152
         South Korea                                                157
         Australia                                                  163
         Other Asia/Pacific                                         167
         
  VII.   OTHER REGIONS                                              171
         General                                                    171
         Motorcycle Demand by Type                                  174
         Latin America                                              175
           Brazil                                                   180
           Other Latin America                                      185
         Eastern Europe                                             190
         Africa/Mideast                                             195
           Turkey                                                   200
           Other Africa/Mideast                                     204
  
 VIII.   INDUSTRY STRUCTURE                                         208
         General                                                    208
         Industry Composition & Market Share                        210
         Industry Restructuring                                     214
         Cooperative Agreements                                     216
         Marketing & Distribution                                   220
         Research & Product Development                             221
         Manufacturing                                              222
         Competitive Strategies                                     225
         Industry Globalization Trends                              228
         Company Profiles                                           232
           American IronHorse Motorcycle Company                    233
           Aprilia SpA, see Piaggio & Company SpA                      
           Bajaj Auto Limited                                       234
           Bayerische Motoren Werke AG                              236
           Big Dog Motorcycles LLC                                  238
           Bimota SpA                                               238
           Britten Motorcycle Company                               239
           Buell Motorcycle Company LLC, see Harley-Davidson
              Incorporated                                           
           China Jialing Industrial Company Limited                 240
           Chongqing Lifan Industry Group Company Limited           241
           Daelim Industrial Company Limited                        243
           Derbi Nacional Motor SA, see Piaggio & Company SpA          
           Ducati Motor Holding SpA                                 244
           Eicher Motors Limited                                    246
           Geely International Corporation                          247
           Harley-Davidson Incorporated                             248
           Honda Motor Company Limited                              251
           Hong Leong Industries Berhad                             256
           JAWA Moto spol sro                                       258
           Kawasaki Heavy Industries Limited                        259
           KTM Sportmotorcycle AG                                   262
           Moto Guzzi SpA, see Piaggio & Company SpA                   
           Moto Laverda SpA, see Piaggio & Company SpA                 
           MV Agusta Motor SpA                                      263
           Peugeot SA                                               265
           Piaggio & Company SpA                                    267
           Polaris Industries Incorporated                          270
           Royal Enfield, see Eicher Motors Limited                    
           Segway LLC                                               271
           Suzuki Motor Corporation                                 273
           Triumph Motorcycles Limited                              276
           Yamaha Motor Company Limited                             277
           ZAP                                                      282
           Zhejiang Qianjiang Motorcycle Company Limited            283
         Other Companies in the World Motorcycle Industry           285
         
         
    

                           LIST OF TABLES
                                   
    TABLE NUMBER                                                   PAGE
  
         SECTION I - EXECUTIVE SUMMARY
    1    Summary Table                                                3
  
         SECTION II - MARKET ENVIRONMENT
    1    World Gross Domestic Product by Region                       9
    2    World per Capita GDP by Region                              11
    3    World Population by Region                                  13
    4    World Light Vehicle Production                              17
    5    World Light Vehicle Sales                                   19
    6    Sales-weighted Motorcycle Wholesale Pricing                 27
    7    World Motorcycle Engine Type                                31
  
         SECTION III - WORLD OVERVIEW
    1    World Motorcycle Demand by Region                           50
    2    World Motorcycle Demand by Type                             53
    3    Motorcycle Production by Region                             55
    4    World Motorcycle Net Exports by Region                      59
  
         SECTION IV - NORTH AMERICA
    1    North America Overview                                      63
    2    North America Motorcycle Demand by Type                     65
    3    United States Motorcycle Overview                           68
    4    United States Motorcycle Demand by Type                     71
    5    Canada Overview                                             73
    6    Canada Motorcycle Demand by Type                            75
    7    Mexico Overview                                             79
    8    Mexico Motorcycle Demand by Type                            81
  
         SECTION V - WESTERN EUROPE
    1    Western Europe Overview                                     84
    2    Western Europe Motorcycle Demand by Type                    86
    3    Italy Overview                                              89
    4    Italy Motorcycle Demand by Type                             92
    5    France Overview                                             95
    6    France Motorcycle Demand by Type                            97
    7    Germany Overview                                           100
    8    Germany Motorcycle Demand by Type                          102
    9    Spain Overview                                             104
   10    Spain Motorcycle Demand by Type                            105
   11    United Kingdom Overview                                    108
   12    United Kingdom Motorcycle Demand by Type                   110
   13    Other Western Europe Overview                              112
   14    Other Western Europe Motorcycle Demand by Type             113
  
         SECTION VI - ASIA/PACIFIC
    1    Asia/Pacific Overview                                      118
    2    Asia/Pacific Motorcycle Demand by Type                     120
    3    China Overview                                             124
    4    China Motorcycle Demand by Type                            128
    5    India Overview                                             131
    6    India Motorcycle Demand by Type                            133
    7    Indonesia Overview                                         136
    8    Indonesia Motorcycle Demand by Type                        138
    9    Thailand Overview                                          141
   10    Thailand Motorcycle Demand by Type                         143
   11    Vietnam Overview                                           145
   12    Vietnam Motorcycle Demand by Type                          147
   13    Japan Overview                                             150
   14    Japan Motorcycle Demand by Type                            152
   15    Taiwan Overview                                            155
   16    Taiwan Motorcycle Demand by Type                           157
   17    South Korea Overview                                       161
   18    South Korea Motorcycle Demand by Type                      163
   19    Australia Overview                                         165
   20    Australia Motorcycle Demand by Type                        166
   21    Other Asia/Pacific Overview                                169
   22    Other Asia/Pacific Motorcycle Demand by Type               170
  
         SECTION VII - OTHER REGIONS                        
    1    Other Regions Overview                                     173
    2    Other Regions Motorcycle Demand by Type                    175
    3    Latin America Overview                                     178
    4    Latin America Motorcycle Demand by Type                    180
    5    Brazil Overview                                            183
    6    Brazil Motorcycle Demand by Type                           185
    7    Other Latin America Overview                               188
    8    Other Latin America Motorcycle Demand by Type              189
    9    Eastern Europe Overview                                    193
   10    Eastern Europe Motorcycle Demand by Type                   195
   11    Africa/Mideast Overview                                    198
   12    Africa/Mideast Motorcycle Demand by Type                   199
   13    Turkey Overview                                            202
   14    Turkey Motorcycle Demand by Type                           203
   15    Other Africa/Mideast Overview                              205
   16    Other Africa/Mideast Motorcycle Demand by Type             207
  
         SECTION VIII - INDUSTRY STRUCTURE
    1	 Sales of Selected Motorcycle Producers, 2005		    213
    2    Selected Acquisitions & Divestitures                       215
    3    Selected Cooperative Agreements                            217
     
  
    

                           LIST OF CHARTS
                                   
    CHART NUMBER                                                   PAGE
  
         SECTION I - EXECUTIVE SUMMARY
    1    World Motorcycle Industry Breakdown by Units, 
           Sales & Profits, 2004                                      2
  
         SECTION III - WORLD OVERVIEW
    1    Motorcycle Versus Passenger Car Sales Trend -- Japan 
           1950 to 2000                                              37
    2    Ratio of Motorcycle to Passenger Car Sales -- Japan 
           1950 to 2000                                              38
    3    Relationship of GDP per Capita to Relative Motorcycle 
           Sales Dominance -- Japan 1950 to 1970                     39
    4    Relationship of Income Distribution to GDP per Capita, 2004 40
    5    Median Age Level in Selected Countries, 2004                41
    6    US Motorcycle Accident Fatalities, 1994 to 2002             43
    7    US Motorcyclist Traffic Fatalities by Age Group, 2002       44
    8    Comparison of GDP per Capita & Motorcycle Dominance         46
    9    Typical Motorcycle Market Transition Point -- Selected 
           Countries, 2004                                           48
   10    World Motorcycle Demand by Region, 2004                     51
   11    World Motorcycle Demand by Type, 2004                       53
   12    World Motorcycle Production by Region, 2004                 56
   13    China Motorcycle Supply & Demand Trends, 1992 - 2004        58
  
         SECTION VIII - INDUSTRY STRUCTURE
    1    World Motorcycle Market Share, 2004                        212
    2    Honda Motorcycle Production Globalization Timeline         224
    3    Global Motorcycle Industry Minimum Efficient 
           Scale Analysis, 2004                                     225
    4    Profitability Trends -- Global Versus Regional Players     227
    5    Globalization Levels in Units Versus Dollars               229
    6    Sales by Region Comparison -- Selected Producers, 2004     230
    7    World Motorcycle Industry Breakdown 
           by Units, Sales & Profits, 2004                          231