Taiwan Motorcycles Market boomed in Q4 ending the 2019 at the second highest level ever. Sales have been pushed at 895.387, +5.6% by the huge demand for e-scooter fueled by the expected cut to green incentive. In fact, effective January 2020, the Environmental Protection Agency ’s (EPA) reduced incentives to electric vehicles.
South Korea Motorcycles Industry moderately declined in the 2018, keeping the negative trend for the fourth year in a row and ranking only as 31st in the global ranking. Local brands, Daelim and Hyosung keep over 70% of market share while Honda is gaining terrain and BMW is the best brand among premium, despite losing terrain.
Chinese Motorcycles Market recovered in the 2019 ending the year with 16.4 million units (including two-wheeler and commercial tricycles), up 5% from the previous year. Following years of decline, the traditional combustion segment is growing while the electric scooter segment, the largest in the World, reduced the speed.
Japanese Motorcycles Market in the 2019 hit a new record low while losing only 1.7%. The industry actually stands at 10% of the all time record established near 30 years ago and is declining year after year. Since October, when tax on sales of goods were increased from 8% to 10% the demand for consumers good in Japan sharply declined.
Australian Motorcycles Sales Figures in the 2019 has been negative for the third year in a row with 89.199 units, down 6.1% Three Japanese brands dominate the market with over 55% of share, while the fastest growing brand has been Husqvarna (+13%) and Harley-Davidson and Ducati kept declining.