India Premium Motorcycles Market Forecast 2021 - brochure

1M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

I n d i a P r e m i u m M o t o r c y c l e s M a r k e t B y S e g m e n t ( 5 0 0 t o 8 0 0 c c , 8 0 0 t o 1 6 0 0 c c a n d > 1 6 0 0 c c ) , C o m p e t i t i o n

Fo r e c a s t & O p p o r t u n i t i e s , 2 0 1 1 - 2 0 2 1

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T a b l e o f C o n t e n t

S. No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. India Two-Wheeler Market Outlook

5. India Premium Motorcycles Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Segment

5.2.2. By Company

5.2.3. By Region

6. India Top 8 Cities Premium Motorcycles Market Analysis

7. India 500cc to 800cc Premium Motorcycles Market Outlook




7.2.1. By Company

8. India 800cc to 1600cc Premium Motorcycles Market Outlook




8.2.1. By Company

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S. No. Contents

9. India >1600cc Premium Motorcycles Market Outlook




9.2.1. By Company

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. PEST Analysis

12. Import-Export Analysis

13. Policy & Regulatory Landscape

14. Market Trends & Developments

14.1. Contracting Grey Market

14.2. Increasing Biking Culture

14.3. New Players Entering the Market

14.4. Upcoming Models

14.5. Declining Average Selling Prices

15. India Economic Profile

16. Competitive Benchmarking

17. Competitive Landscape

17.1. H-D Motor Company India Private Limited

17.2. Triumph Motorcycles (India) Private Limited

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S. No. Contents

17.3. India Kawasaki Motors Private Limited

17.4. DSK Hyosung Pvt. Ltd.

17.5. Suzuki Motorcycle India Pvt. Ltd.

17.6. Piaggio Vehicles Private Limited

17.7. Polaris India Private Limited

17.8. Ducati India Private Limited

17.9. DSK Benelli India

17.10. BMW India Private Limited

19. Strategic Recommendations

20. About Us & Disclaimer

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P r o d u c t O v e r v i e w

Premium motorcycle can be defined as a, “two-wheeled motorcycle equipped with over500cc engine mounted in the frame, with a fuel tank above it, and a manual clutch andgear system.”

Product Definition

Classification According to Premium Motorcycle Type

Vehicle Segment Sub-Segment Customer Segment

Premium Motorcycles

500cc-800cc

Individuals 800cc-1600cc

>1600cc

R e s e a r c h M e t h o d o l o g y

A

C

B

Primary Research

Company Analysis

Desk Research

Identifying Key Opinion

Leaders

Questionnaire Design

In-depth Interviews

Market Participants

Key Strengths

Premium Motorcycle

Portfolio

Recent

Developments

Market Changing

Aspects/Dynamics

Government

Policies

Final Conclusion

LinkedIn TechSci Internal

database

Factiva Hoovers

Paid Sources

Company Website Company Annual

Reports White Paper Study Financial Reports Investor

Presentations Regulatory Body, Associations, etc.

Secondary Research

Primary Research

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

•In-depth secondary research was used todetermine top players in the India premiummotorcycle market, overall market size andsegmental market size.

Market Profiling

•In order to conduct industry experts interviews,TechSci formulated a detailed questionnaire.

Formulating Questionnaire

•List of industry players, distributors, andindustry specialists was developed.

Developing list of respondents

•TechSci conducted interviews with industryexperts, industry players, for data collection andverification.

Data Collection

•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.

Data Validation

•Data was scrutinized using MS-Excel andstatistical tools such as Time Series analysis,etc., to obtain qualitative and quantitativeinsights about India premium motorcyclemarket.

Data Analysis

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Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with leading premium

motorcycle companies operating in India. We also put through an exhaustive search of credible paid databases such

as, Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently

evaluated all the collected information and presented the same in chronological order to depict a meaningful and

clear picture of India premium motorcycle market. While compiling the data, we have also cross-checked all the

collected information from multiple sources and data warehouses, so as to present the most accurate and precise

information of the premium motorcycles market in India.

Sampling Technique:

While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key

Opinion Leaders (KOLs) in various premium motorcycle companies and dealers operating in India. KOLs based out of

prominent premium motorcycle companies and dealers were interviewed to identify the size of India various

premium motorcycle market.

KOLs No. of Respondents

Premium Motorcycle Dealers 40

Mid to Senior Management of Premium motorcycle Companies 10

Experts from Industry 10

Total 60

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Market Size Calculation Technique:

Primary Research

For preparation of India premium motorcycle market report, bottom up model has been used, which has

been later cross validated by using top down approach. TechSci Research interviewed Senior Managers

and Regional Managers of prominent premium motorcycle companies and dealers using Delphi technique

for calculating size of India premium motorcycle market. Respondents were also asked about the current

and future growth rate, market share by motorcycle segment, etc.. All the information gathered was

carefully analyzed. Data points that exhibited high deviations from majority estimates were eliminated as

outliers and remaining refined data points were put together to arrive at volume data.

Primary Research – Few of the Major Motorcycle Companies/Dealers Interviewed

S. No. Companies/Dealers

1. H-D Motor Company India Private Limited

2. Triumph Motorcycles (India) Private Limited

3 DSK Benelli India

4. India Kawasaki Motors Private Limited

5. Piaggio Vehicles Private Limited

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S. No. Few of the Secondary Sources

1. Society of Indian Automobile Manufactures

2. Department of Commerce, India

3 Central Board of Excise and Customs

4. World Bank

5. IMF

Secondary Research:

We also put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in

addition to our internal database. Further analyses of credible publications, white papers, company’s

annual reports, investor presentations, news articles, etc., were also analysed to cross validate the end

findings derived from the primary research.

Forecasting Technique:

The team developed forecast on the basis of econometric and judgemental analysis in addition to

statistical techniques like averaging and geometric mean. During primary research interviews, questions

regarding historical sales trend of India premium motorcycle market were put forward. Respondents were

asked about the current and future growth rates, market share by premium motorcycle segment type in

the India. In order to forecast India premium motorcycle market, following forecast techniques were

used:

• Time Series Analysis

• Econometric and Judgmental Analysis

• Moving Average

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I n d u s t r y B r i e f

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India Premium Motorcycles Market to exhibit CAGR ~30% till 2021

According to recently released TechSci Research report, “India Premium Motorcycles Market By Segment,Competition Forecast & Opportunities, 2011-2021”, the premium motorcycle market in India is forecast to exhibit aCAGR of ~30% during 2016-2021, growing trend of CKD and SKD assembly, launch of new model, coupled withdeclining average selling price and rising number of high net worth individual. Moreover, number of HNWI in Indiaincreased from 1,56,000 in 2013, to around 200,000 in 2015, and according to World Wealth Report 2016, India ranks12th in the list of countries across the world with highest number of HNWI population. Furthermore, growing trend ofpremium motorcycle rider’s communities like Harley Owners Group, G.O.D.S, etc., coupled with rising penetration ofvarious international brands in the market and growing young HNWI population to drive the premium motorcyclemarket in India in the coming years.

India premium motorcycle market can be broadly classified on the basis of engine capacity into 500cc to 800cc, 800ccto 1600cc, and >1600cc segments. In 2015, 500cc to 800cc premium motorcycle segment dominated India premiummotorcycle market and is further expected to continue dominate the market during the forecast period, owing tocompetitive pricing, large number of options available in this segment, coupled with new models launched in CKDassembly plants, thereby reducing its average selling price. India premium motorcycle market was dominated bysouthern and northern regions in 2015, and they are further expected to continue to dominate the market duringforecast period as well, owing to growing demand for premium motorcycles, coupled with increasing number ofmotorcycle clubs and groups in cities like Hyderabad, Chennai, Bangalore, Delhi, Chandigarh, etc.

“Over the past few years, inclination of people towards purchasing premium motorcycles increased significantly,owing to growing number of international brands entering the market, coupled with improving road infrastructure,rising purchasing power, increasing availability of premium motorcycles. Moreover, demand for premium motorcyclesin India is further anticipated increase during the forecast period, on account of rising number of CKD and SKDassembly plants in the country, thereby reducing the average selling price of premium motorcycles, coupled withexpanding HNWI population base.” said Mr. Karan Chechi, Research Director with TechSci Research, a research basedglobal management consulting firm.

https://www.techsciresearch.com/report/india-premium-motorcycles-market-by-segment-500-to-800cc-800-to-1600cc-and-1600cc-competition-forecast-opportunities/812.html

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S a m p l e D a t a - S n a p s h o t

India Premium Motorcycles Market Size, By Value (USD Million),

By Volume ( Thousand Units), 2011-2021F

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1 2 3 4 5 7 8 9 10 11 12

3 5 7 9 1115 17 19 21 23 25

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Billion) Volume (Million Units)Source:XXXXX

Note: These are dummy figures; please purchase our report for actual data

10% 10% 10% 10% 10% 10% 10%

20% 20% 20% 20% 20% 20% 20%

30% 30% 30% 30% 30% 30% 30%

40% 40% 40% 40% 40% 40% 40%

2015 2016E 2017F 2018F 2019F 2020F 2021F

South North West East

India Premium Motorcycle Market Share, By Region, By

Volume, 2015-2021F

India Premium Motorcycles Market Share, By

Region, By Volume, 2015 & 2021F

North

East2015: X%2021F: X % 2015: X%

2021F: X%

West

2015: X%2021F: X%

South

2015: X%2021F: X%

India Premium Motorcycles

Market Share, By Volume, By

Cities, 2015

Delhi NCR, 10.00%

Bangalore, 10.00%

Mumbai, 10.00%

Pune, 10.00%

Chandigarh, …Hyderabad, 10.00%

Cochi, 10.00%

Chennai, 10.00%

Others, 20.00%

10% 10% 10% 10% 10% 10% 10%

20% 20% 20% 20% 20% 20% 20%

70% 70% 70% 70% 70% 70% 70%

2015 2016E 2017F 2018F 2019F 2021F 2021F

500-800cc 800-1600cc >1600cc

India Premium Motorcycles Market Share, By

Segment, By Volume, 2015-2021F

India >1600cc Premium Motorcycles Market Size, By Value (USD

Million), By Volume (Thousand Units), 2011-2021F

1 2 3 4 5 7 8 9 10 11 12

3 5 7 9 1115 17 19 21 23 25

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Billion) Volume (Million Units)

India 500cc to 800cc Premium Motorcycles Imports, By Value, FY2012-FY2016 (USD Million)

Year201

22013 2014

2015

2016

ValueXXXX

XXXX XXXXXXXX

XXXX

R e p o r t O r d e r i n g

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Report Price

Report Name: India Premium Motorcycles Market By Segment (500 to 800cc,

800 to 1600cc and >1600cc), Competition Forecast & Opportunities, 2011-2021

License Type Price

Electronic Access - Single User License $2500

CD-ROM Mail Delivery $3000

Hard Copy Mail Delivery $3500

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A b o u t U s & D i s c l a i m e r

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completenessof any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especiallystates that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates andforecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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