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| India Infoline Sector Reports | Wed, 31-Dec-2003 10:17:38 IST (GMT+5:30) | |
| Automobile - Two Wheelers | ||
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International Scenario A two-wheeler is used as a personal/family vehicle or a goods carrier in the developing countries, whereas it is confined to sports/racing (heavy motorcycles) or short distance shopping (mopeds) in developed countries. The world two-wheeler market is dominated by Japan. Japanese manufacturers account for around 65% of the total two-wheeler production in the world. However, production within Japan has been declining due to lower domestic demand and shift in manufacturing base outside the country. Japan is also the world's largest exporter of two-wheelers in the world controlling around 75% of the world trade. Its major markets are China, USA and Europe. In terms of player positions, Honda Motors Corporation, Yamaha Motors and Suzuki Motors corporation share the top three slots in the world two-wheeler market. The table below shows the production and sales figures of motorcycles and scooters in Japan during the past decade. Production Of Two-wheelers By Capacity (nos)
Sales of two-wheelers by capacity (nos)
The above tables indicate a falling trend in production and sales in Japan. While sales in the less than 50cc and 126-250cc vehicles have fallen by a sharp 40.4% and 62.7%, that of 51-125cc have risen by 12.5% in the 1989-1998 period. Sales in the above 250cc segment have more or less remained stagnant. However, production of in the 250cc+ segment has gone up by 51.4% in the same period. Current Scenario Production In January To June 2000
The downward trend in production witnessed in the first six months of 1999 has reversed. The rise has been entirely driven by higher production of 50cc plus two-wheelers, completely reversing the trend witnessed in the same period in 1999 when production fell by 15.5%yoy. This perhaps is a sign of the rising fortunes of the Japanese economy. Except Suzuki, all the major manufacturers have posted higher production figures. In terms of share in production, Honda leads with 36.7% followed by Yamaha with 34.4%. Exports In January To June 2000
68% of the production in Japan has been exported out of the country in the first six months of 2000 as compared to 64% last year. This scenario contrasts directly with the Indian scenario. In India, only about 2-3% of the production in FY2000 were exported. The Asian continent is the largest user of two-wheelers in the world. This is due to poor road infrastructure and low per capita income, restrictive policy on car industry. The technology for two-wheelers is not as well developed as for car industry. This is due to oligopoly between top five players in the segment, compared to thirty manufacturers in the car industry. |
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