Freedonia In The News
Article Title: Global Demand for Motorcycle Components to Reach $119.5 Billion in 2017
Publication: Motorcycle & Powersports News, 9/3/2013
Freedonia Study: World Motorcycle Components (3061)
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The global market for motorcycle components, including those for electric bicycles (e-bikes) and electric motorcycles (e-cycles), is forecast to expand 7.5 percent annually to $119.5 billion in 2017, according to The Freedonia Group, an international business research company.
The company reports that 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 demand in 2017. Demand for OEM motorcycle parts is directly related to motorcycle production, whereas aftermarket demand is tied to the motorcycle stock. Both output and stock are expected to grow as a result of rising standards of living in developing nations. OEM motorcycle parts will continue to account for the majority of the market total in 2017, representing 55 percent of all sales.
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