The Market volume of Motor-cycles segment in United Kingdom attained a value of 96.54 Thousands in 2020
The indicator recorded a historical decline (CAGR) of 0.40% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to decline at a CAGR of...
The Market volume of Motor-cycles segment in the United Kingdom (2017 - 2025, Thousands)
Motor-cycles segment in the United Kingdom
The motorcycles market consists of all classes of on‐ and off‐road motorcycles including scooters and mopeds. Mopeds are powered two‐wheeler vehicles with engine capacity of less than 50 c.c., generally also equipped for non-motorized propulsion and with restricted maximum speed. For the purposes of this profile, all powered two-wheelers other than mopeds are classed as 'motorcycles'. (The term 'scooter' refers to a two‐wheeler of any capacity that has its engine as part of the rear suspension, and/or has a step‐through chassis, thus depending on its engine capacity a scooter may fall into either moped or motorcycle category).
The value of the UK motorcycles market declined in 2020 as a result of the COVID‐19 pandemic which reduced the volume of sales. The UK motorcycles is expected to recover from 2021 following the expected recovery of consumer spending. The gradual easing of containment measures and the immunization of the population will allow the recovery of economic activity, stimulating demand for transportation.
Category segmentation
Motorcycles is the largest segment of the motorcycles market in the United Kingdom, followed by mopeds.
Competitive landscape
The motorcycle market is quite concentrated to a few players, as economies of scale, which are the most crucial aspect in motorcycle manufacturing, dictate an oligopolistic market structure. The UK motorcycle market is highly concentrated to leading players Honda, Yamaha, BMW, and Kawasaki, which accounted for the greatest number of units sold in 2020. Although the high concentration of the market to a small number of players could theoretically reduce competition, the presence of such large multinational companies with exceptionally high assets boosts the degree of rivalry among them in their effort to expand their sales. High fixed costs mean that the market is more prone to oversupply and undercutting rather than withholding inventory to increase prices.
Who are the leading players?
Honda Motors Co Ltd is the largest motorcycles producing company in the UK. The company is based in Tokyo, Japan, and designs, manufactures, and markets automobiles, motorcycles, power products, and aviation products. Honda produces passenger cars, light trucks, mini-vehicles, general-purpose engines, outboard marine engines, lawnmowers, riding mowers, water pumps, brush cutters, tillers, walking assist devices, snow blowers, robotic mowers, generators, and portable battery inverter power sources.
Yamaha Motor Co Ltd
Yamaha Motor Co Ltd is the second-largest player in Japan with a market share of 10%. The company is based in Iwata, Japan and manufactures and markets motorcycles, marine products, power products, robots, and other components. Yamaha manufactures motorcycles, all‐terrain vehicles, snowmobiles, recreational vehicles, outboard engines, personal watercraft, boats, industrial robots, automobile components, and industrial use un‐manned helicopters.
Bayerische Motoren Werke AG (BMW)
BMW is the third-largest player in the US. It is based in Bayern, Germany, and develops, manufactures, and sells automobiles and motorcycles, spare parts and accessories, and engines. BMW also offers deposit business, retail customer and dealer financing, insurance, fleet business, and car leasing services. The company also provides products and services related to the machinery and metal‐working industry.
Kawasaki Heavy Industries is the fourth-largest player in the UK. The company is based in Tokyo, Japan, and has a presence across North America, Asia, Europe, and other regions. It manufactures ships, rolling stock, aircraft and jet engines, gas turbine power generators, environmental and industrial plants, construction machinery, consumer products, and manufacturing equipment and systems.
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