Motorcycle industry in thailand

Early steam-powered cycles[ edit ] Lucius Copeland In the s Pierre Michauxa blacksmith in Paris, founded 'Michaux et Cie' "Michaux and company"the first company to construct bicycles with pedals called a velocipede at the time, or "Michauline".

Motorcycle industry in thailand

Motorcycle Market Segments The global electric motorcycle and scooter sector continues to witness increasing demand as consumers become more familiar with electric passenger cars. The electric motorcycle and scooter market is witnessing a sharp rise in competition.

Urbanization in Asia-Pacific, and particularly in China, has lead to widespread use of electric motorcycle and scooter. The US electric scooter and electric motorcycle markets are forecast to record strong growth over the next five-year period.

The electric scooter market is expected to exceed 41, while the electric motorcycle market is predicted to reach almost 28, vehicles by Market growth will be driven by state incentives and regulations, fuel costs and improving consumer perception.

Industry performance will also be enhanced by technological advances. Light motorcycles represent a leading market segment, popular for their high level of power and ability to outperform many motorbikes, mopeds, and scooters, reports Freedonia.

Motorcycle industry in thailand

Light motorcycles will maintain higher unit volume sales than any other ICE product type in the motorcycle sector. Motorcycle Market Outlook The global motorcycle industry will continue to benefit from rising demand in Asia-Pacific.

Though motorcycles and scooters are looked on as more of a luxury in developed markets like the US, Japan, Germany and Canada, these items are of central importance for transportation in emerging markets like China and India.

Moving forward, industry players will compete for market share on the grounds of quality and comfort. Demand for components and accessories, along with replacement sales, will continue will continue to fuel market growth.Jul 27,  · Motorcycle News and Reviews.

Free online source of Motorcycle videos, pictures, insurance, and Forums. Motorcycle Manufacturing Industry in Thailand Thailand is a major motorcycle manufacturing base in the world.

In , Thailand is ranked in the 5th of motorcycle production in the world with 2 million units, after China (23 million units), India (16 million units), Indonesia (7 million units) and Vietnam (3 million units). Copyrights © The Thai Automotive Industry Association. All rights reserved.

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