Report On The State Of the US Motorcycle, Bike And Parts Industry Market.

harleyfactoryIBISWorld, a trusted independent source of market research, published an updated report on the US Motorcycle, Bike & Parts Manufacturing market. First, let’s mention that the subject of the research consists of businesses that manufacture motorcycles, mopeds, scooters, bicycles or tricycles. It also includes businesses that manufacture equipment and parts for these vehicles. This industry has slowed over the five years to 2013 with revenue declining at an annualized rate of 0.9% to $6.7 billion.

The industry is highly influenced by the prosperity of US consumers; when customers have little disposable income and a negative outlook on the state of the economy, the industry suffers. As such, the recession caused steep declines in industry revenue as consumers held back on discretionary purchases. Revenue declined 21.4% in 2009, indicative of falling motorcycle demand in the United States, and in the same year, major player Harley-Davidson reported a 10.7% decline in sales. Although the industry has since reversed its decline, motorcycle and bicycle manufacturers face a sluggish revenue increase of 0.3% in 2013.

Over the five years to 2018, the industry is expected to reorganize its efforts to attract different customers, penetrate emerging markets and achieve more efficient production capacity. Industry players are increasingly concentrating on customers who have not purchased a motorcycle before. Middle-aged males comprised the largest industry market segment in the five years to 2013, but this demographic will shrink as the population ages. Higher disposable income and an increase in the number of younger customers will increase demand for motorcycles and bicycles. For more information, visit IBISWorld’s Motorcycle, Bike & Parts Manufacturing in the US industry report page.

Zipper's

7 Responses to “Report On The State Of the US Motorcycle, Bike And Parts Industry Market.”


  1. 1 nicker Oct 18th, 2013 at 8:03 pm

    When OhBummer gets gas prices up to $8 a gallon, the 500cc commuter market will take off…..

    -nicker-

  2. 2 Terence Tory Oct 19th, 2013 at 5:26 am

    nicker, $8 a gal,and up to double that is what the rest of the world pays.U.S. gas is sold way too cheap and provides scant revenue to the govt.Not enough tax money and individual U.S. gas consumption well over five times the per capita average of civilized countries.The free ride to nowhere is about to come to a screeching halt (That sounds like a line in a serial killer opening scene,aye).

  3. 3 Mike Corbin.com Oct 21st, 2013 at 8:20 am

    A little financial leadership might help, even a little leadership would be nice ;-(

  4. 4 New York myke Oct 21st, 2013 at 1:17 pm

    Mike you are right on but what do we do when the treehuggers make comments like the one here that gas prices are too low!!! I love this country and I’m still a bieliever but whenever I think about how many people think like that and how anyone could have voted for Obama the 2nd time, it makes me wonder how long this Republic can last! And these same fools are going gaga for Clinton whose tenure as Secretary of State gave us a decimated Egypt, an empowered Iran and a generally messed up Mideast and the debacle in Bengahzi topped only by the administrations lies and her disgraceful and irrisponsible comments! We’ve got some work to do my friend!

  5. 5 Jim Gianatsis / FastDates.com Oct 21st, 2013 at 1:25 pm

    “Middle-aged males comprised the largest industry market segment in the five years to 2013, but this demographic will shrink as the population ages. Higher disposable income and an increase in the number of younger customers will increase demand for motorcycles and bicycles.”

    The first sentence statistic is correct in that the demographic is aging and the motorcycle market is shrinking as a result.

    The second sentence opinion will not happen as younger customers are not coming into the market with new disposable income, at a rate to replace the loss of older riders. Just attend any motorcycle event or race and you will not see anyone under 40 years old.

    Motorcycles will never replace automobiles in America or Europe as as an alternative to using less fuel. Motorcycles will also be an expensive toy for those who want them, as a weekend alternative. For young adults who do need cheap transportation, its less expensive to buy and insure a used car than a motorcycle. Plus you can’t get laid on the back seat of a motorcycle.

  6. 6 Brenda Simpson Oct 31st, 2013 at 5:51 pm

    Naturally, when the economy of a certain country suffers most industries suffer too. Companies should however be prepared for it because business is always fluctuating. There is never a fixed trend that will last for several years. Good thing though that people are getting more and more interested in the hobby of riding bikes.

  7. 7 Terence Tory Oct 31st, 2013 at 11:51 pm

    New York myke,Obama and chunky thighs are only trying to sweep away the “Texan” cowboys mess on the world stage and Wall Street.Three pointless wars of destabilizing revenge that have accomplished little,if anything,but debt.The continued boycott of Cuba and Iran that have only strengthened their resolve and diminished the US influence in the world for decades.Egypt has been a slave empire festering pot of revolts for maybe four thousand years,so whats new? A gay ambassadeur in an Islamic country was a great idea:like New Coke.High gas prices produce far superior vehicles,smarter use and road infrastructure,like in Asia and Europe.While you are wobbling around on your soap box,don’t forget Dubya getting all friendly-like with all the Taliban guys dressed in black pyjamas strolling around Crawford acres like a boss.

    Jim Gianatsis / FastDates.com,Motorcycles and scooters are viewed as car alternatives in many parts of the world and that trend will extend to urban areas in the U.S. into the future.The motorcycle or scooter has always been seen as an alternative to a car in a crowded Europe and that trend will continue.”Plus you can’t get laid on the back seat of a motorcycle”,OH really? ,nobody told me.

Comments are currently closed.
Crusher
S&S
S&S
Barnett
S&S

Subscribe

Socialize

Facebook Google+ Twitter