Brazilian Motorcycles Market starts 2022 skyrocketing. In the first quarter scooter and motorcycles sales have been 272.793 (+33.4%), the fastest speed in Latin America, although the previous five years growth. The electric market is finally showing some news, with the local start up, Voltz, moving up at record 1.357 sales.
Brazilian Motorcycles Industry Trend and Perspectives
The Brazilian Motorcycles Market started the 2022 very well, following the strong consumer demand and thanks to more product available from plants, after a long short supply.
In the first quarter scooter and motorcycles sales have been 272.793 (+33.4%), the fastest speed in Latin America, although the previous five years growth.
The main factor behind the growth is with increased capacity for parts and components in the Honda plant, after the long difficulties related to the supply chain disruption last year. Issues are not all solved, but the quarter production was finally strong and Honda, by far market leader, increased sales by 36.7%.
Similar the situation for the third player, the Chinese Shineray, which boosted production and sales (+87.2%)
The electric market is finally showing some news, with the local start up, Voltz, moving up at record 1.357 sales in the quarter (from just 100 in the correspondent period last year).
While this speed cannot be maintained in the rest of the year, the mood will remain up and the market is set up to hit the new best in the decade.
Motorcycles Market Trend 2021
The Brazilian motorcycles scored in the 2021 the fourth annual sales increase in a row, confirming the positive trend and the recovery towards the record levels hit over a decade ago.
Total 2021 registrations have been 1.267.649 (+6.2%), the best in years, but one of the slower increase in South America, where demand for 2 and 3 wheeler is really pumping up.
While new manufacturers are growing up, the market is dominated by Honda, which holds an impressive around 80% market share. In 2021 Honda registered 981.987 motorcycles and was flat from the previous year.
In second place Yamaha sold 216.121 (+52.3%) hitting a new all time record.
Even the third hit the new record while at still small volumes. It was the Chinese Shineray with 13.671 sales (+82.5%), overtaking BMW (-7.7%), Kawasaki (+1.5%) and Haojue (-23.2%).
Ranking 7th, Royal Enfield scored a strong +152.2% overtaking Triumph (+7.6%) and SYM (+52.8%).