India Premium Motorcycles Market Forecast and Opportunities, 2017 - Superbikes, Sportsbikes, Cruiser

July 28, 2017 | Author: TechSciResearch | Category: Motorcycle, Harley Davidson, Motorcycling, Marketing Research, Motor Vehicle
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2012 India Premium Motorcycles Market Forecast & Opportunities, 2017

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TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved productivity, that also ensure the creation of high-quality reports. The focus is on capturing the respondents’ observations, expectations, satisfaction, confidence, and attitudes pertaining to different aspects of a specific sector.

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India Premium Motorcycles Market Forecast & Opportunities, 2017

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Table of Contents 1. Analyst View 2. India Premium Motorcycles Market a. Market Size i. Sales ii. Volume b. Market Share i. By Company ii. By Engine Segments iii. By Region 3. Market Dynamics a. Drivers b. Restraints 4. PEST Analysis 5. Policy & Regulatory Landscape a. Market Trends & Opportunities i. Grey Market Changing Landscape ii. Increasing Biking Culture iii. New Players Entering the Market iv. Upcoming Models v. Proportionate Sale of Accessories 6. Competitive Landscape a. Harley Davidson b. Hyosung c. Honda d. Yamaha e. Suzuki f. BMW g. Ducati 7. Strategic Recommendations 8. Disclaimer

India Premium Motorcycles Market Forecast & Opportunities, 2017

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List of Figures: Figure 1: India GDP Vs Inflation 2002-2011 Figure 2: Indian Population 2000-2011 (Million) Figure 3: Indian Premium Motorcycle Market Size, By Sales (Rs. Crores), 2009-11 Figure 4: Indian Premium Motorcycle Market Size Forecast, By Sales (Rs. Crores), 2012-17 Figure 5: Indian Premium Motorcycle Market Size, By Volume (units), 2009-11 Figure 6: Indian Premium Motorcycle Market Size Forecast, By Volume (units), 2012-17 Figure 7: Indian Premium Motorcycle Market Share, By Company, 2009 Figure 8: Indian Premium Motorcycle Market Share, By Company, 2010 Figure 9: Indian Premium Motorcycle Market Share, By Company, 2011 Figure 10: Indian Premium Motorcycle Market Share Forecast, By Company, 2017 Figure 11: Indian Premium Motorcycle Market Share, By Engine Segments, 2011 Figure 12: Indian Premium Motorcycle Market Share Forecast, By Engine Segments, 2017 Figure 13: Indian Premium Motorcycle Market Share, By Region, 2011 Figure 14: Indian Premium Motorcycle Market Share Forecast, By Region, 2017 Figure 15: Indian Premium Motorcycle Accessories Market Size, By Value (Rs. Crores), 2009-11 Figure 16: Indian Premium Motorcycle Accessories Market Size Forecast, By Value (Rs. Crores), 2012-17 List of Tables: Table 1: Growing High Net worth Individuals, By Country, 2009-10 Table 2: New & Upcoming Models, Year 2012 Table 3: Import Duty on CBU’s Table 4: Depreciation Rates, per year

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India Premium Motorcycles Market Forecast & Opportunities, 2017

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1.

Analyst View

India is moving faster than its early old days as Indian markets are providing global level products which were not available few years back. Time is changing and India is leading the race from being one of the nascent stage markets to a flourishing market amongst global nations. This advancement is supported by the growing Indian population base which currently stands at XX Billion with proportionately rising Millionaire base along with rising national GDP which grew by XX% to USD XX in 2011 from its previous 2010 figure of USD XX. The year 2007 was seen as new dawn for the premium motorcycle market when Indian ministry relaxed the emission and importing norms & standards for the XX segment premium motorcycles. This move was in the joint consideration to the relaxation of imports of Indian mangoes to U.S. whereas American cult brand Harley Davidson to enter Indian premium motorcycles market. This was the first move which lured and pushed several premium brands into the premium battleground. Yamaha took the first mover advantage and launched its top premium bikes in the same year. Later in 2009, Japanese biggies such as Suzuki and Honda with Italian major Ducati entered the market with their range of offerings. German motoring major BMW and U.S bad boy Harley Davidson entered the market in the year 2010 while South Korean technology major Hyosung and Kawasaki rushing in the Indian market in 2011. While further, Italian players such as Aprillia, Cagiva, etc. are anticipated to enter the market by 2012 end. Indian market has been witnessing a huge spurt in the two wheeler sales where premium motorcycles currently grab a miniscule share. Premium motorcycles could well be defined as motorcycles with engine capacities of 650 cc and above, which are finding plenty of takers in the Indian market as compared to its launch year 2007 figures. The market grew more than XX percent selling over XX units in 2011, which is expected to grow more than XX per cent

India Premium Motorcycles Market Forecast & Opportunities, 2017

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in 2012 whereas the market holds a lot of untamed potential which is further expected to reach to more than XX unit sales figures by 2017 end growing at a CAGR of around XX%. This nascent staged premium motorcycle market is currently more than XX Crores in 2011 which stood at mere XX Crores in the year 2009. The average selling prices of these premium motorcycles are expected to go down in the near future as CBU’s are anticipated to turn to CKD’s and further localization of major expensive components would take place which would slash down the price to a greater extent. It is anticipated that average selling prices will reduce up to more than XX% due to the future happenings and meanwhile buyer would notice a huge price difference in the current products from XX% custom duty on CBU’s to XX% duty on CKD’s units. 2017 is anticipated to be the year of surprises where the market is anticipated to reach to XX Crores by the year end growing at CAGR of around XX%. 2009 was rather a monopolistic year for the Japanese majors grabbing around XX% of the total market share where Yamaha alone captured around XX% of the market leaving minor share for others to play. 2010 was a year for Harley Davidson which captured huge market share of around XX% with its lucrative product offerings. 2011 was a year for the new entrant south Korean manufacturer Hyosung which easily managed to grab around XX% same as the market share of Harley Davidson with its 650cc speed monsters leaving the other major manufacturers in chase with Ducati with XX%, Honda with XX%, Suzuki with XX%, BMW with XX% and Yamaha with XX% which shows the rapidly changing dynamics of premium motorcycle manufacturers in India. By 2017, Hyosung is anticipated to lead the race with Triumph and select few others as the new entrants in the race. The market has been continuously witnessing the wind change in the preference of the premium motorcycle customers where in 2011, XX% of the sales were for the 800cc-1000cc motorbikes while 2017 would witness a new paradigm shift towards 650cc-800cc motorbikes which is anticipated to capture around XX% of the market share then. India Premium Motorcycles Market Forecast & Opportunities, 2017

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The metropolitan cities are leading the sales race with Mumbai, Bangalore and Delhi being the fattest and hottest markets for this premium motorcycle segment whereas 2017 would witness new and emerging sales trends in Guwahati, Indore, Jaipur, Goa, etc. where the sales would be almost close to XX% of the then total figure. There has been several drivers promoting the current market holding such as growing HNI base, increasing young generation base, relaxed emission norms, homologation norms eased, increasing Motor sports in India, launch of super bike driving schools and increasing premium motorcycle riding clubs. Future is anticipated to be on the brighter side for the companies who have entered the Indian market till 2011 as they would be the major game changers as they would completely show their presence by 2017. Whereas the companies who are expected to enter the market by 2012 end would only land up grabbing a miniscule share by 2017. More and more powerful machines are anticipated to be introduced in the market as riders are expecting to juice out the thrill till its last drop by these mean machines.

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India Premium Motorcycles Market Forecast & Opportunities, 2017

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