World Motorcycles
Global demand to rise 7.6% annually through 2013
Global demand for motorcycles is forecast to rise 7.6 percent per year through 2013 to 114 million units, spurred by rising standards of living in poorer developing parts of the world, which are making motorcycles a more affordable alternative to walking, bicycling or using mass transit. Higher energy prices, along with a rebound in economic growth after a recessionary period that began in a number of nations in 2008, will also contribute to motorcycle market gains in both developing and developed areas.
Product sales will expand at a slower pace in value terms, climbing 7.2 percent annually to $ 66.6 billion in 2013, because of an expected decline in sales-weighted prices.
Some offsetting support will be provided by the introduction of new models equipped with sophisticated emissions control systems and increased sales of machines with more features, boosting motorcycle dollar demand. Continue reading
