China surpasses India to become the world's largest motorcycle market
Published Time:
2021-09-19 17:19
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In 2020, China Motorcycle The market once again ranked first in the world. This positive trend continued even in the fourth quarter. Following a 12.0% increase in October, the domestic market surged 5.4% in November, with sales reaching 1.6 million units. In the first 11 months of 2020, sales reached 15.7 million units, an increase of 0.4%.
The epidemic changed the world, accelerating the economic transformation of the motorcycle industry and altering the global development trend of the motorcycle industry. After the introduction of stricter motorcycle emission and usage regulations, the Chinese motorcycle market lost its global leading position in 2016, with sales dropping by millions of units, while the Indian market rapidly grew to take the lead.
However, in 2020, India suffered heavy losses due to the rapid spread of the epidemic, with an estimated 20% loss in sales for the year, while the Chinese market, due to strict domestic epidemic control, became one of the most resilient markets globally.
After a 20% loss in the first quarter (mainly due to the epidemic), the market began to recover, with sales growth of 3.0% in the second quarter and 7.6% in the third quarter. This positive trend continued even in the fourth quarter. Following a 12.0% increase in October, November saw a surge of 5.4%, with sales reaching 1.6 million units. After the first 11 months of the year, sales reached 15.7 million units, with an overall increase of 0.4%.
In 2019, India's total number of light motorcycles, motorcycles, scooters, and three-wheeled vehicles reached 19 million units, a decrease of nearly 14% compared to the record-breaking year of 2018. The Indian motorcycle market was severely impacted in 2020, with total sales dropping to 14.8 million units (-23.3% decrease).
However, sales rebounded strongly in the fourth quarter, with a 32% increase in December, mainly due to the resilience of rural areas boosting the market share of Indian manufacturers. The data covers Electric vehicles light motorcycles, and scooters. Additionally, the data includes commercial three-wheeled vehicles, which are very popular in India.
Although India's urban markets are still struggling due to the epidemic, the relatively less affected rural and town markets have led to continuous improvement in sales, allowing the entire industry to gradually recover.
However, following a 13.2% drop in sales in 2019, the two-wheeled and three-wheeled vehicle market reported its largest ever contraction. The industry declined in the first quarter (-24.5%) and second quarter (-72.2%), followed by a rebound. In the third quarter, sales fell another 3.9%. Finally, in the fourth quarter, the market grew at double-digit rates, with year-on-year growth of 16.9% in October, 13.6% in November, and 32.5% in December. However, annual sales were 14.8 million units, down 23.3% year-on-year.
Hero MotoCorp is India's second-largest two-wheeler manufacturer, thanks to its significant share in India. In 2020, they further strengthened their competitive position, increasing their market share to 37%, while some major competitors and former partners, Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI), lost their 23.8% share of the Indian market.
Other manufacturers experienced losses in 2020: Bajaj Auto (-22.4%), TVS Motor (-20.6%), Royal Enfield (-33.3%), Suzuki (-30.0%), and Yamaha (-18.6%) all showed declining sales trends. Meanwhile, the share of Japanese brands fell from 35% last year to 30.7%.
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Motorcycle Sales Ranking for January-February 2025
Recently, the China Motorcycle Chamber of Commerce released sales data for fuel motorcycles in China from January to February 2025. According to statistics, the sales volume of fuel motorcycles in China from January to February was 2.5184 million units, a year-on-year increase of 16%. Among them, the top 10 motorcycle manufacturers in China sold a total of 1.422 million units from January to February, accounting for 56% of the industry. So who are the top 10 motorcycle manufacturers nationwide? First Tier: Manufacturers with sales exceeding 200,000 units The top-selling manufacturer is the Da Changjiang Group from Jiangmen, Guangdong Province, which mainly produces Haojue and Suzuki motorcycles. In the first two months of 2025, Da Changjiang Group's sales reached 320,900 units, the only manufacturer with sales exceeding 300,000 units. Loncin Motorcycle from Chongqing had sales of 266,600 units during the same period, ranking second in the industry. It is worth mentioning that at the end of 2024, Loncin Motorcycle merged with Zongshen, and the combined sales of the two companies from January to February exceeded 400,000 units, surpassing Da Changjiang Group. Second Tier: Manufacturers with sales exceeding 100,000 units In January and February 2025, three fuel motorcycle manufacturers had sales between 100,000 and 200,000 units. Among them, Zongshen Motorcycle's sales were 153,900 units, ranking third in the industry. Daye Motorcycle from Guangdong Province achieved sales of 141,800 units during the same period, ranking fourth in fuel motorcycle sales. Another motorcycle giant in Chongqing, Chongqing Yinxiang, had sales of 114,000 units from January to February, ranking fifth in the industry. Overall, the top five manufacturers are all from Guangdong and Chongqing, the two major motorcycle manufacturing provinces and cities. Third Tier: Manufacturers with sales below 100,000 units Xin Daizhou Honda Motorcycle from Jiangsu Province is the sixth largest motorcycle manufacturer in China, with sales of 97,400 units from January to February. Luoyang Beifang Company, from the Luyu motorcycle sector, had sales of 79,600 units during the same period, ranking eighth in the industry. In addition, Guangzhou Haojin (sales of 90,000 units from January to February), Jiangmen Zhuofeng (79,000 units), and Wuyang Honda (79,000 units) all entered the top 10. These three motorcycle manufacturers are also from Jiangmen and Guangzhou, Guangdong Province, demonstrating the strong manufacturing capabilities of Guangdong's fuel motorcycle industry. Overall, China's fuel motorcycle industry is still experiencing steady sales growth, which presents good development prospects for domestic motorcycle manufacturers. However, in comparison, the sales volume of electric motorcycles during the same period was 456,900 units, with a year-on-year growth rate of 33.55%, twice the growth rate of fuel motorcycles. This shows that domestic traditional fuel motorcycle companies need to pay attention to the impact of electric motorcycles on the industry, as their penetration rate is constantly increasing. Among them, Yadea Group, the leading company in the electric motorcycle industry, had sales of 180,000 units from January to February, becoming a force that cannot be ignored in the motorcycle industry. For traditional motorcycle manufacturers, the domestic market is gradually becoming saturated and is being rapidly eroded by new energy motorcycles. To maintain good sales growth in the future, in addition to transforming and focusing on new energy motorcycles, they also need to pay more attention to emerging motorcycle markets in Southeast Asia, Africa, and Central and South America.
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