Taiwan 2022. Motorcycles Market Is Falling Sharply (-18.7%)

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Taiwan Motorcycles Industry is struggling. In the second quarter the trend unchanged, with sales declining 9.1% and 10.0% respectively in April and May with Year to Date May sales at 282.469 (-18.7%) projecting the entire year dramatically down.

Thailand Motorcycles Industry Trend and Perspectives

Following the sharp declined scored last year, the start of the 2022 was very negative for the Taiwanese Two-Wheeler industry, hit by several internal factors, like the shortage in raw material and disruption of supply chain, which created hard times for the manufacturers, in a pricing scenario deteriorating any day.

As consequence, the first quarter domestic sales plummet 23.7% at 170.134 sales.  Just the electric segment is growing up, while all others are declining.

In the second quarter the trend unchanged, with sales declining 9.1% and 10.0% respectively in April and May with Year to Date May sales at 282.469 (-18.7%) projecting the entire year dramatically down.

Even the Electric segment has lost steam in this quarter and now the total sales are flat from the previous year.

SYM has taken over the market leadership from Kymco respectively with 89.592 sales (-12.2%) and 84.826 (-24.1%). But the match is open.

If this surpass will be confirmed in the next month, it will represent a milestone. Kymco has been market leader in the last 20 years while SYM has been able to recover a wide gap. In 2016, Kymco sales doubled those of the rival!

Motorcycles Market Trend 2021

The Taiwanese motorcycles industry, one of the most relevant globally, is struggling for the effects of pandemic and huge increase of raw materials and although incentives released by the government has lost the pre-covid momentum and is struggling.

Indeed, following a steady growth, the domestic market hit the all time record in the 2020, when the outstanding management of emergency created by the virus, plus growing demand for individual mobility, pumped up the market.

However, in 2021 the market suffered for the impact of covid on national economy, with a fall in consumer goods consumption and, after a good start of the year, the two wheeler sales declined above expectations.

Full Year sales were 817.863, down a huge 14.3%, the lowest level out of last six years.

The market leader in this market has always be Kymco and in 2021 the place was confirmed with 265.810 sales (-20.6%).

The second place is hold by SYM with 236.992 (-21.4%) with over 61% of market share hold by the two leaders.

In third place Yamaha sold  189.661 bikes (-3.5%).

Gogoro kept struggling losing 6.0% and with 77.136 sales is almost at the half of the 2019 record.

The e-v specialist just announced a series of partnership and the quotation in the NASDAQ, probably aiming to revamp a negative trend, almost surprising for a startup.