Motor cycle dealers were cruising along fine until the global financial crisis halted revenue growth. Demand for motor cycles, especially on-road bikes, suffered as households became pessimistic about the future and stopped spending money on unessential items. Initially, demand for scooters also dropped due to a fall in petrol prices, which hindered the commuter market and affected the shift from cars to cheaper modes of transportation. However, this trend has since reversed.
In 2010-11, sales of scooters bucked the industry trend and grew, along with all-terrain vehicles for agricultural purposes.
Companies in this industry retail and service motor cycles as well as parts and accessories for motor cycles. Dealers also assemble imported motor cycle kits. Products sold include road bikes, off-road bikes, all-terrain vehicles (ATVs) and scooters. Both new and used motor cycles are sold within the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.