In 2020, China’s motorcycle market once again became the world’s largest. Even in the fourth quarter, this positive trend persisted. After a 12.0% increase in October, the domestic market surged 5.4% in November to 1.6 million sales, and in the first 11 months of 2020, sales reached 15.7 million, up 0.4%.
The epidemic has changed the world, speeding up the economic transformation of the motorcycle industry and changing the development trend of the global motorcycle industry.The Chinese motorcycle market previously lost its position as the world’s number one in 2016 after the introduction of stricter motorcycle emissions and use rules, with sales dropping by millions, while the Rapidly growing Indian market took the lead.
But India is expected to lose 20 percent of its sales in 2020 due to the rapid spread of the virus, while China is one of the world’s toughest markets due to the tight control of the epidemic at home.
After a 20 per cent loss in the first quarter, mainly due to the impact of the pandemic, the market began to recover, with sales up 3.0 per cent in the second quarter and 7.6 per cent in the third.The positive trend persisted even in the fourth quarter, with sales surging 5.4% to 1.6 million in November after a 12.0% increase in October and an overall increase of 0.4% after the first 11 months of the year to 15.7 million.
With the continuing popularity of COVID-19 -19 worldwide, there is still no hope of ending in the short term. If China still shows a good trend in epidemic control, China’s global advantage in the wholesale market of motorcycles and motorcycle parts will continue to be maintained in the next few years at least.
In Why are all through the Chinese motorcycle parts wholesalers to purchase motorcycle parts, some reasons why China has become the world’s largest motorcycle exporter are introduced in detail. Welcome to read.