Global Motorcycle And Scooter Market Overview
In value terms, motorcycle and scooter production stood at $49.8B in 2010 estimated in export prices. In general, motorcycle and scooter production continues to indicate a moderate slump. The pace of growth was the most pronounced in 2009 when production volume increased by 8.7% y-o-y. The global motorcycle and scooter production peaked at $53.8B in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The country with the largest volume of motorcycle and scooter production was China (27M units), accounting for 64% of total production.
From 2007 to 2010, the average annual rate of growth in terms of volume in China totaled +2.9%.
The global motorcycle and scooter market revenue amounted to $1,158B in 2010, rising by 2,598% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, motorcycle and scooter consumption continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2010 when the market value increased by 2,598% year-to-year. In that year, the global motorcycle and scooter market reached its peak level and is likely to continue its growth in the immediate term.
From 2007 to 2010, the average annual growth rate of volume in Nigeria stood at +689.8%.
In value terms, Nigeria ($1,114.1B) led the market, alone. The second position in the ranking was occupied by China ($7.5B).
From 2007 to 2010, the average annual growth rate of value in Nigeria amounted to +689.8%.
From 2007 to 2010, the average annual rate of growth in terms of the motorcycle and scooter per capita consumption in Nigeria stood at +669.1%.