ASEAN 2021: The recovery of the two-wheeler industry is slow, with the variety of two-wheeler vehicles still 2.5 million lower than before the Covid pandemic.
In 2021, the ASEAN motorcycle industry rebounded, but at a slower pace than expected. Total sales were 12.5 million (+14.4%) and the market remains to be greater than 2.5 million below the record set in 2019. Honda is the market leader and Yamaha is in second place.
According to the Association of South Asian Nations, Thailand, Malaysia, Indonesia, Vietnam, the Philippines, Singapore and Cambodia have data on sales of latest motorcycles and scooters/mopeds.
Due to the event of emerging countries reminiscent of the Philippines and Cambodia, regional sales increased steadily from 2010 to 2019, reaching a record high of over 15 million sales per 12 months, accounting for nearly 1 / 4 of the worldwide industry.
In 2020, the results of the pandemic were enormous: all markets declined with combined plants and distributor closures, and regional sales fell to 10.9 million (-26.9%).
The ASEAN area is a significant player in the worldwide motorcycle market. For several many years, it has been considered the third largest production and sales unit after India and China.
Indonesia, Thailand and Vietnam lead the ASEAN market with combined motorcycle sales of over 11 million units in 2019, out of a complete of 13.7 million in the world. Before the Covid-19 pandemic in 2019, there have been 106 million registered motorcycles in Indonesia, 62 million in Vietnam and 21 million in Thailand.
The sector rebounded in 2021, albeit at a slower pace than expected, because of a slow vaccination rollout that resulted in one other shutdown and the lack of a million vehicles in production. Total sales were 12.5 million (+14.4%) and the market remains to be over 2.5 million below the 2019 record.
Looking at the only market, Indonesia recovered by 38.7% after a robust fourth quarter, the Philippines by 12.8%, Thailand by 4.2%, Vietnam lost again (-4.8%), Malaysia lost by 1.6% , Cambodia remained flat and Singapore gained 7.0%.
With almost 8 million sales (+14.5 percent), Honda leads the regional market, followed by Yamaha (+19.1 percent) and Suzuki (+33.2 percent). Kawasaki ranks fourth, confirming the complete hegemony of Japanese manufacturers (-0.6%).
Source: Motorcyclesdata.com, abeam.com
