The market is dominated by domestic suppliers, as imports account for 4.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 49.2% of total demand in 2022. India has the second largest market size for motorcycles, bicycles and other transport equipment regionally, with demand reaching USD36.2 billion in 2022. Hero MotoCorp Ltd is the largest company in India, generating 13.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 37.7% of total production value in 2022. The total number of companies increases in 2022, to 677,869 units. The costs of the industry increase by 2.4% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.3% of production value in 2022, the seventh highest regionally. The industry’s exports share decreases in 2022 to 12.8% of total production output. With production value of USD33.2 billion, India accounts for 19.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Motorcycles, Bicycles and Other Transport Equipment in India: ISIC 359. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motorcycles, Bicycles and Other Transport Equipment in India: ISIC 359 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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