SYM. In 2018 sold three quarters of a million, hitting a new record

SYM motorcycles

SYM motorcycles in the 2018 hit a new record sales registering over 750.000 units all around the World, despite losing near 50.000 units in the domestic market. China still stands as the most relevant country while Vietnam grew up fast taking the third place for this manufacturer.

 

The heritage

SYM is the brand developed by Sanyang Motor, a Taipei based motorcycles company, established in the 1954 in Hsinchu (Taiwan).

SYM is the largest Taiwanese company to manufacture moped, scooter, motorcycles and ATVs, while it is also producing small light commercial vehicles and small cars, distributed under the Hyundai name is East Asia.

In 1962, SYM formed a joint venture with Honda to begin local assembly of motorcycles, the first motorcycle manufacturer in Taiwan. Since now SYM has produced over 17 million motorcycles/scooters/ATVs.

Today, the annual sales revenue of the company exceeds 1 Billion US dollars and it produces more than 1 million units of motorcycles, under the leadership of Mr. W.H:C Chang the Chairman appointed in the 2014.

SYM actually occupies 2.400 workers in the home-base and overseas locations. They have direct subsidiaries in China, Italy and Germany, while are producing in Taiwan (with an annual capacity of 300.000 units), China (in Zhong Xing with a capacity of 500.000 units) and Vietnam (with a capacity of 200.000 units).

 

Global Sales

SYM performance in recent years has been positive despite the company was too much depending by the Chinese market and was hit by this market fall in the period 2015-2016. However, SYM managed to balance the lost in China growing in new markets, Vietnam over all, keeping sales balanced in the range of 0.6 million between 2012 and 2016 before to accelerate in the last two years.

Indeed in the 2017 sales hit their record at 688.000 units and in the 2018 they were even better with a record of 758.555 sales (data not yet final), up a robust 10.2%.

The 2018 performance is even more remarkable if considering the lost of near 50.000 units in the domestic Taiwanese market, were SYM sales hit their best in the 2017 at 235.292 units before to decline last year at 184.500.

The best-selling market is China with over 0.4 million sales ahead of Taiwan and Vietnam. The top European market is the Netherlands with over 10.461 sales last year.

 

Distribution

SYM is distributing in all continents, with distributors actually active in:

Canada, USA, Costa Rica, Panama, Dominican Republic, Bermuda, Cuba, Mexico, Argentina, Peru, Brazil, Colombia, Algeria, Morocco, Egypt, Angola, Ghana, Democratic Republic of Congo, Madagascar, Guinea, Kenya, South Africa, Australia, New Zealand, New Caledonia, Vanuatu, Brunei, Indonesia, Malaysia, Vietnam, Philippines, Singapore, Laos, Myanmar, Nepal, Hong Kong, China, Japan, South Korea, Bahrain, Qatar, Oman, Saudi Arabia, UAE, Lebanon, Palestine, Israel.

SYM is quite strong in Europe were distributed in: Austria, Belgium, Croatia, Estonia, Macedonia, Finland, Denmark, Cyprus, Malta, France, Germany, Italy, Spain, Latvia, Netherlands, Lithuania, Poland, Portugal, Albania, Hungary, Bulgaria, Romania, Montenegro, Russia, Slovenia, Sweden, Slovakia, Czech republic, Switzerland, Ukraine, Turkey, United Kingdom.

 

 

 

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