india premium motorcycles market forecast 2021 - brochure
TRANSCRIPT
1M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
I n d i a P r e m i u m M o t o r c y c l e s M a r k e t B y S e g m e n t ( 5 0 0 t o 8 0 0 c c , 8 0 0 t o 1 6 0 0 c c a n d > 1 6 0 0 c c ) , C o m p e t i t i o n
Fo r e c a s t & O p p o r t u n i t i e s , 2 0 1 1 - 2 0 2 1
2
© TechSci Research
T a b l e o f C o n t e n t
S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Two-Wheeler Market Outlook
5. India Premium Motorcycles Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Segment
5.2.2. By Company
5.2.3. By Region
6. India Top 8 Cities Premium Motorcycles Market Analysis
7. India 500cc to 800cc Premium Motorcycles Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Company
8. India 800cc to 1600cc Premium Motorcycles Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Company
3
© TechSci Research
T a b l e o f C o n t e n t
S. No. Contents
9. India >1600cc Premium Motorcycles Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Company
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. PEST Analysis
12. Import-Export Analysis
13. Policy & Regulatory Landscape
14. Market Trends & Developments
14.1. Contracting Grey Market
14.2. Increasing Biking Culture
14.3. New Players Entering the Market
14.4. Upcoming Models
14.5. Declining Average Selling Prices
15. India Economic Profile
16. Competitive Benchmarking
17. Competitive Landscape
17.1. H-D Motor Company India Private Limited
17.2. Triumph Motorcycles (India) Private Limited
4
© TechSci Research
T a b l e o f C o n t e n t
S. No. Contents
17.3. India Kawasaki Motors Private Limited
17.4. DSK Hyosung Pvt. Ltd.
17.5. Suzuki Motorcycle India Pvt. Ltd.
17.6. Piaggio Vehicles Private Limited
17.7. Polaris India Private Limited
17.8. Ducati India Private Limited
17.9. DSK Benelli India
17.10. BMW India Private Limited
19. Strategic Recommendations
20. About Us & Disclaimer
5
© TechSci Research
P r o d u c t O v e r v i e w
Premium motorcycle can be defined as a, “two-wheeled motorcycle equipped with over500cc engine mounted in the frame, with a fuel tank above it, and a manual clutch andgear system.”
Product Definition
Classification According to Premium Motorcycle Type
Vehicle Segment Sub-Segment Customer Segment
Premium Motorcycles
500cc-800cc
Individuals 800cc-1600cc
>1600cc
R e s e a r c h M e t h o d o l o g y
A
C
B
Primary Research
Company Analysis
Desk Research
Identifying Key Opinion
Leaders
Questionnaire Design
In-depth Interviews
Market Participants
Key Strengths
Premium Motorcycle
Portfolio
Recent
Developments
Market Changing
Aspects/Dynamics
Government
Policies
Final Conclusion
LinkedIn TechSci Internal
database
Factiva Hoovers
Paid Sources
Company Website Company Annual
Reports White Paper Study Financial Reports Investor
Presentations Regulatory Body, Associations, etc.
Secondary Research
Primary Research
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
•In-depth secondary research was used todetermine top players in the India premiummotorcycle market, overall market size andsegmental market size.
Market Profiling
•In order to conduct industry experts interviews,TechSci formulated a detailed questionnaire.
Formulating Questionnaire
•List of industry players, distributors, andindustry specialists was developed.
Developing list of respondents
•TechSci conducted interviews with industryexperts, industry players, for data collection andverification.
Data Collection
•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.
Data Validation
•Data was scrutinized using MS-Excel andstatistical tools such as Time Series analysis,etc., to obtain qualitative and quantitativeinsights about India premium motorcyclemarket.
Data Analysis
6
© TechSci Research
R e s e a r c h M e t h o d o l o g y
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leading premium
motorcycle companies operating in India. We also put through an exhaustive search of credible paid databases such
as, Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently
evaluated all the collected information and presented the same in chronological order to depict a meaningful and
clear picture of India premium motorcycle market. While compiling the data, we have also cross-checked all the
collected information from multiple sources and data warehouses, so as to present the most accurate and precise
information of the premium motorcycles market in India.
Sampling Technique:
While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key
Opinion Leaders (KOLs) in various premium motorcycle companies and dealers operating in India. KOLs based out of
prominent premium motorcycle companies and dealers were interviewed to identify the size of India various
premium motorcycle market.
KOLs No. of Respondents
Premium Motorcycle Dealers 40
Mid to Senior Management of Premium motorcycle Companies 10
Experts from Industry 10
Total 60
7
© TechSci Research
R e s e a r c h M e t h o d o l o g y
Market Size Calculation Technique:
Primary Research
For preparation of India premium motorcycle market report, bottom up model has been used, which has
been later cross validated by using top down approach. TechSci Research interviewed Senior Managers
and Regional Managers of prominent premium motorcycle companies and dealers using Delphi technique
for calculating size of India premium motorcycle market. Respondents were also asked about the current
and future growth rate, market share by motorcycle segment, etc.. All the information gathered was
carefully analyzed. Data points that exhibited high deviations from majority estimates were eliminated as
outliers and remaining refined data points were put together to arrive at volume data.
Primary Research – Few of the Major Motorcycle Companies/Dealers Interviewed
S. No. Companies/Dealers
1. H-D Motor Company India Private Limited
2. Triumph Motorcycles (India) Private Limited
3 DSK Benelli India
4. India Kawasaki Motors Private Limited
5. Piaggio Vehicles Private Limited
8
© TechSci Research
R e s e a r c h M e t h o d o l o g y
S. No. Few of the Secondary Sources
1. Society of Indian Automobile Manufactures
2. Department of Commerce, India
3 Central Board of Excise and Customs
4. World Bank
5. IMF
Secondary Research:
We also put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in
addition to our internal database. Further analyses of credible publications, white papers, company’s
annual reports, investor presentations, news articles, etc., were also analysed to cross validate the end
findings derived from the primary research.
Forecasting Technique:
The team developed forecast on the basis of econometric and judgemental analysis in addition to
statistical techniques like averaging and geometric mean. During primary research interviews, questions
regarding historical sales trend of India premium motorcycle market were put forward. Respondents were
asked about the current and future growth rates, market share by premium motorcycle segment type in
the India. In order to forecast India premium motorcycle market, following forecast techniques were
used:
• Time Series Analysis
• Econometric and Judgmental Analysis
• Moving Average
9
© TechSci Research
I n d u s t r y B r i e f
10
India Premium Motorcycles Market to exhibit CAGR ~30% till 2021
According to recently released TechSci Research report, “India Premium Motorcycles Market By Segment,Competition Forecast & Opportunities, 2011-2021”, the premium motorcycle market in India is forecast to exhibit aCAGR of ~30% during 2016-2021, growing trend of CKD and SKD assembly, launch of new model, coupled withdeclining average selling price and rising number of high net worth individual. Moreover, number of HNWI in Indiaincreased from 1,56,000 in 2013, to around 200,000 in 2015, and according to World Wealth Report 2016, India ranks12th in the list of countries across the world with highest number of HNWI population. Furthermore, growing trend ofpremium motorcycle rider’s communities like Harley Owners Group, G.O.D.S, etc., coupled with rising penetration ofvarious international brands in the market and growing young HNWI population to drive the premium motorcyclemarket in India in the coming years.
India premium motorcycle market can be broadly classified on the basis of engine capacity into 500cc to 800cc, 800ccto 1600cc, and >1600cc segments. In 2015, 500cc to 800cc premium motorcycle segment dominated India premiummotorcycle market and is further expected to continue dominate the market during the forecast period, owing tocompetitive pricing, large number of options available in this segment, coupled with new models launched in CKDassembly plants, thereby reducing its average selling price. India premium motorcycle market was dominated bysouthern and northern regions in 2015, and they are further expected to continue to dominate the market duringforecast period as well, owing to growing demand for premium motorcycles, coupled with increasing number ofmotorcycle clubs and groups in cities like Hyderabad, Chennai, Bangalore, Delhi, Chandigarh, etc.
“Over the past few years, inclination of people towards purchasing premium motorcycles increased significantly,owing to growing number of international brands entering the market, coupled with improving road infrastructure,rising purchasing power, increasing availability of premium motorcycles. Moreover, demand for premium motorcyclesin India is further anticipated increase during the forecast period, on account of rising number of CKD and SKDassembly plants in the country, thereby reducing the average selling price of premium motorcycles, coupled withexpanding HNWI population base.” said Mr. Karan Chechi, Research Director with TechSci Research, a research basedglobal management consulting firm.
1111
© TechSci Research
11
S a m p l e D a t a - S n a p s h o t
India Premium Motorcycles Market Size, By Value (USD Million),
By Volume ( Thousand Units), 2011-2021F
© TechSci Research
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 1115 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Billion) Volume (Million Units)Source:XXXXX
Note: These are dummy figures; please purchase our report for actual data
10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20%
30% 30% 30% 30% 30% 30% 30%
40% 40% 40% 40% 40% 40% 40%
2015 2016E 2017F 2018F 2019F 2020F 2021F
South North West East
India Premium Motorcycle Market Share, By Region, By
Volume, 2015-2021F
India Premium Motorcycles Market Share, By
Region, By Volume, 2015 & 2021F
North
East2015: X%2021F: X % 2015: X%
2021F: X%
West
2015: X%2021F: X%
South
2015: X%2021F: X%
India Premium Motorcycles
Market Share, By Volume, By
Cities, 2015
Delhi NCR, 10.00%
Bangalore, 10.00%
Mumbai, 10.00%
Pune, 10.00%
Chandigarh, …Hyderabad, 10.00%
Cochi, 10.00%
Chennai, 10.00%
Others, 20.00%
10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20%
70% 70% 70% 70% 70% 70% 70%
2015 2016E 2017F 2018F 2019F 2021F 2021F
500-800cc 800-1600cc >1600cc
India Premium Motorcycles Market Share, By
Segment, By Volume, 2015-2021F
India >1600cc Premium Motorcycles Market Size, By Value (USD
Million), By Volume (Thousand Units), 2011-2021F
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 1115 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Billion) Volume (Million Units)
India 500cc to 800cc Premium Motorcycles Imports, By Value, FY2012-FY2016 (USD Million)
Year201
22013 2014
2015
2016
ValueXXXX
XXXX XXXXXXXX
XXXX
R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: India Premium Motorcycles Market By Segment (500 to 800cc,
800 to 1600cc and >1600cc), Competition Forecast & Opportunities, 2011-2021
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
Hard Copy Mail Delivery $3500
Electronic Access - Multi-User License $5000
12
13
© TechSci Research
A b o u t U s & D i s c l a i m e r
13
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, United States
Tel: +1- 646- 360- 1656
Email: [email protected]
www.techsciresearch.com
About Us:
TechSci Research is a global market research and consulting company with offices in the US, 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
improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of
both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country,
regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a
uniquely rich evaluation of the opportunities available in the market.
Related Reports
Global OTR Tire Market, Competition Forecast & Opportunities, 2011-2021
United States Tire Market Forecast & Opportunities, 2020
United Kingdom Tire Market Forecast and Opportunities, 2021
Partial List of Clients
Disclaimer:
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completenessof any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especiallystates that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates andforecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
TechSci Research – Europe
54, Oldbrook, Bretton,
Peterborough,
United Kingdom
Email: [email protected]
www.techsciresearch.com
TechSci Research – Asia-Pacific
B – 44, Sector -57, Noida, National
Capital Region, U.P. - India
Tel: +91-120-4523900
Email: [email protected]
www.techsciresearch.com