Global Motorcycle Market Grows at 5.48% Rate

News: Power Systems Research

2023-02-20

Global Motorcycle Market Grows at 5.48% Rate

GLOBAL REPORT
Michael Aistrup
Michael Aistrup

The global motorcycle market is growing at a healthy CAGR of 5.48%, according to Power Systems Research. Revenue for 2021 was approximately $107.1 Billion and projected to be $146.6 Billion by 2030.

Growth during this period is primarily due to increasing demand from China, India, and ASEAN countries. In addition, growth in traditional markets such as Europe and North America is also anticipated.

The growth of drivers for the Motorcycle industry come from the requirement for cost-effective private transportation among people around the world.

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DATAPOINT: NA Dumpers/Tenders, 2023 Production

NA Dumpers/Tenders – Feb. 2023Download

1,790 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America (United States and Canada) in 2023.

A Dumper/Tender is a vehicle designed for carrying bulk material, often on building sites. Dumpers are distinguished from dump trucks by configuration: a dumper is usually an open 4-wheeled vehicle with the load skip in front of the driver, while a dump truck has its cab in front of the load.

This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

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Hitech Electric To Produce 100% EV LCVs

Hitech Electric to produce 100% electric LCVs by March, with sales plans of 1,000 vehicles per year. In partnership with Positivo Tecnologia, (and its corporate venture capital (CVC) program) the assembly line will start with 50 units per month and possibly expand to 100 in the short term. The plant will be located in Campo Largo, Parana.

The vehicles will have a powertrain and battery produced by WEG, the Brazilian Electric equipment manufacturer. The batteries will feature non-flammable lithium iron phosphate. Product lineup includes a last mile utility vehicle and a 1.2-ton light truck.  

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Brazilian Law for AG Tractor Cabins Changes

The law requiring the use of cabin tractors for spraying includes changes in applications and timing. Under the new wording, cultivation methods in which the use of the original or adapted closed cabin is unfeasible depending on the spacing between lines, a sprayer trailer pulled in a machine without closed cabin may be used, provided that it meets certain conditions.

New deadlines vary from 120 months for small properties and 60 months for large properties.

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PSR Analysis: Given the long deadlines, the market total volumes should not be impacted, but product lines should have volume changes within the application the product and model level. These should be reflected in next publish of PSR’s OE Link™ Forecast.    PSR

Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research

January Brazil Truck Production Drops 72%

Fabio Ferraresi
Fabio Ferraresi

Truck production in Brazil in January was 4,049 units vs. 14,614 units in December per  Anfavea (the association that represents the automakers installed in the Brazil) monthly

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PSR Analysis: This decline was expected due to the introduction of PROCONVE P8, the regulation in line with Euro VI, that reduces the toxic gas emission limits and therefore increases the complexity and the price of new trucks.

Under that regulation, OEMs have the right to sell Trucks at PROCONVE P7 (Euro V) produced in 2022 until March 31, 2023. This caused a pre-production and inventory increase to sell trucks with lower price at the beginning of 2023.

The Anfavea forecast points to a reduction in MHV production from 192,000 to 154,000, but their calculation on Sales, Exports and Stock does not match. Subscribers of Power Systems Research data and intelligence can see a well-balanced forecast, considering different stock level by subsegment of GVW.    PSR

Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research

China To Push Adoption of New Energy CVs

CHINA REPORT
Jack Hao
Jack Hao

Pilot cities must embrace EVs in official vehicles, public transport, taxis, sanitation, postal express, urban logistics, airport vehicles, aiming to achieve 80% NEV proportion by 2025. A balanced and efficient charging infrastructure must be established, with public charging piles proportional to NEV promotion, and 10% charging facilities in expressway service areas.

Innovation in tech, green energy supply, and new information/communication networks must be applied to efficiently integrate NEVs with power grids and other fields. Innovations such as intelligent charging, high-power charging, rapid power change have been expanded, and vehicle-network integration verified.

Source: The QQ     Read The Article

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Japanese Auto OEMs Seek Battery Production in NA

FAR EAST: JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

Major automobile manufacturers are actively investing in automotive lithium-ion batteries. Nissan is leading among the Japanese automakers, followed by Honda and Toyota. Along with the motor and inverter, the vehicle-mounted lithium-ion battery is considered one of the “Three Sacred Treasures” of EVs.

In particular, the on-board battery is the most important as it is the source of power. In many cases, EV production will not be possible without securing a large supply of batteries through partnerships with major battery manufacturers. However, the number of battery makers with which the major automotive companies have partnered is limited: CATL ranked first in the global automotive battery market in 2021, with 39% of the market. It was followed by LG Energy Solutions (18%) and Panasonic Holdings (12%), with the top three companies accounting for 70% of the market.

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Hyundai To Start Operations at Plant in Vietnam

FAR EAST: SOUTH KOREA REPORT
Akihiro Komuro
Akihiro Komuro

A joint venture between South Korea’s Hyundai Motor and Vietnamese conglomerate Thanh Cong Group has started operations of an automobile plant in the northern Vietnamese province of Ninh Binh.

With an annual production capacity of 100,000 vehicles, the combined annual production capacity with the existing plant will reach 180,000 by 2025. The company will ship domestically as well as to neighboring countries. The new plant, operated by the joint venture Hyundai Thanh Cong, will have an investment of 3.2 trillion dong (about 18 billion yen). The plant will cover an area of approximately 50 hectares and include a test driving course.

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2023-02-17

Thailand Kubota Takes Measures To Secure Manpower

SOUTHEAST ASIA: THAI REPORT
Akihiro Komuro
Akihiro Komuro

In Thailand, one of the most industrialized countries in Southeast Asia, automation is accelerating in the manufacturing industry as the working population tapers off. Workers’ attitudes are changing, and fewer Southeast Asians are migrating to Japan. Business models based on cheap labor are no longer viable in Asia.

When I visited the Amata City plant of Siam Kubota, a locally incorporated subsidiary of agricultural machinery giant Kubota Corporation, I saw countless automated guided vehicles (AGVs) running in every direction.

Sales of tractors and combine harvesters are booming, thanks in part to the government’s special demand for subsidized farm machinery for those who lost their jobs due to the COVID-19 disaster and are now returning to their hometowns to start farming. The fruits of this policy are being returned in the form of year-end bonuses, and Siam Kubota is not suffering from a labor shortage at this time.

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