As reported by BT, China, world’s number 1 two wheeler market will cede its first position to India this year. China is world’s largest two wheeler market with sales of more than 14 million units last year. However, this year China has imposed regulation which has limited the use of motorcycles in urban centers. As per the projection made by Yamaha Motor Corporation of Japan, the country will see demand going down to 11.9 million units this year compared to 14 million units of last year.
Two wheeler market in India in 2012 – market size will increase
In comparison to China India may see sales of 14 million units this year compared to 13 million units of last year. By the end of this year India will become world’s largest two wheeler market. It is interesting to know that India will gain this position from China, the country which is aiming number 1 spot in each area. Indian two wheeler market is dominated By Hero Motocorp, Bajaj Auto, HMSI and TVS Motors. Suzuki Motorcycle, Yamaha Motor Corporation, Mahindra two wheelers, Royal Enfield and Piaggio are small players of this market.
It is to be noted that world’s three largest two wheeler market belongs to Asia continent. Currently the first place belongs to China with annual sales of 14 million units, second to India with annual sales of 13 million units and third to Indonesia with annual sales of 8 million units. These countries represent more than 60% market of global two wheeler market. The year 2012 seems to be challenging for every nation. Only India will post positive growth among these three nations.