India - Motorcycles and Scooters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Scooter Price in India - 2023
Contents:
- Motorcycle and Scooter Price in India (FOB) - 2023
- Motorcycle and Scooter Price in India (CIF) - 2023
- Motorcycle and Scooter Exports in India
- Motorcycle and Scooter Imports in India
Motorcycle and Scooter Price in India (FOB) - 2023
The average motorcycle and scooter export price stood at $869 per unit in July 2023, declining by -2.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 12% m-o-m. The export price peaked at $974 per unit in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Turkey ($1,361 per unit), while the average price for exports to Nigeria ($529 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle and Scooter Price in India (CIF) - 2023
The average motorcycle and scooter import price stood at $7,399 per unit in July 2023, which is down by -5.8% against the previous month. In general, import price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, motorcycle and scooter import price decreased by -17.2% against March 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 81% m-o-m. As a result, import price reached the peak level of $8,937 per unit; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($13,612 per unit), while the price for China ($1,390 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle and Scooter Exports in India
In 2022, the amount of motorcycles and scooters exported from India declined to 3.6M units, reducing by -9.4% against the previous year's figure. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, the exports reached the peak of 3.9M units, and then shrank in the following year.
In value terms, motorcycle and scooter exports declined to $2.9B in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $2.9B, leveling off in the following year.
| Export of Motorcycle and Scooter in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 296 | 311 | 415 | 344 | 5.1% |
| Colombia | 221 | 171 | 312 | 332 | 14.5% |
| Philippines | 151 | 81.1 | 140 | 197 | 9.3% |
| Mexico | 63.1 | 82.0 | 164 | 181 | 42.1% |
| Nepal | 192 | 152 | 273 | 139 | -10.2% |
| Democratic Republic of the Congo | 52.6 | 36.4 | 104 | 112 | 28.7% |
| Bangladesh | 177 | 94.0 | 109 | 110 | -14.7% |
| Uganda | 56.4 | 58.3 | 95.2 | 97.8 | 20.1% |
| Guatemala | 50.6 | 74.4 | 105 | 88.2 | 20.3% |
| Guinea | 46.6 | 52.5 | 76.6 | 76.7 | 18.1% |
| Tanzania | 28.1 | 23.9 | 44.3 | 73.7 | 37.9% |
| Kenya | 71.9 | 77.6 | 112 | 72.4 | 0.2% |
| Sri Lanka | 180 | 38.4 | 0.6 | N/A | -94.2% |
| Others | 492 | 567 | 983 | 1,087 | 30.2% |
| Total | 2,078 | 1,819 | 2,934 | 2,911 | 11.9% |
Top Export Markets for Motorcycle and Scooter from India in 2022:
- Sri Lanka (undefinedK units)
- Nigeria (678.4K units)
- Colombia (393.9K units)
- Philippines (252.5K units)
- Democratic Republic of the Congo (208.9K units)
- Nepal (183.3K units)
- Mexico (171.0K units)
- Guinea (151.1K units)
- Uganda (150.9K units)
- Kenya (126.7K units)
- Tanzania (126.7K units)
- Guatemala (102.3K units)
- Bangladesh (98.8K units)
Motorcycle and Scooter Imports in India
Motorcycle and scooter imports into India skyrocketed to 7K units in 2022, jumping by 21% against the previous year's figure. Overall, imports saw measured growth. The most prominent rate of growth was recorded in 2021 when imports increased by 177%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, motorcycle and scooter imports expanded rapidly to $42M in 2022. Over the period under review, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 187%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Motorcycle and Scooter in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 11.5 | 8.0 | 26.5 | 27.9 | 34.4% |
| China | 4.4 | 0.4 | 3.6 | 8.0 | 22.1% |
| Japan | 8.3 | 0.5 | 3.7 | 3.5 | -25.0% |
| Germany | 4.1 | 2.9 | 3.0 | 1.7 | -25.4% |
| United States | 7.4 | 0.7 | 0.3 | 0.2 | -70.0% |
| Others | 3.3 | 0.7 | 0.8 | 0.6 | -43.3% |
| Total | 39.1 | 13.3 | 38.0 | 41.8 | 2.3% |
Top Suppliers of Motorcycle and Scooter to India in 2022:
- United States (undefinedK units)
- Thailand (3.2K units)
- China (3.0K units)
- Japan (0.4K units)
- Germany (0.2K units)
This report provides an in-depth analysis of the motorcycle and scooter market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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