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Chinese motorcycle enterprises should not underestimate themselves, nor be conceited; integrating into the global market is the right path.

2026-06-09 04:30:10
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Global motorcycle sales volume in 2025 is approximately 65.2 million units, and the market size is expected to approach 180 billion USD by 2030.

Sales VolumeThe largest regions are India (approx. 20.5 million to 20.7 million units), ASEAN Five Countries (Indonesia, Vietnam, Thailand, Philippines, Malaysia, totaling approx. 13.16 million units), China domestic sales (8.602 million units), and Latin America (approx. 5.86 million units).


India and Southeast Asia focus mainly on 100~150cc small-displacement commuter bikes, while Europe and America prefer medium-to-large displacement naked bikes, touring bikes, and cruisers.

Global StockOver 60% of the global stock is concentrated in four countries: India, Indonesia, China, and Vietnam. India's stock is approx. 221 million vehicles, Indonesia approx. 125 million to 130 million vehicles, China registered approx. 100 million vehicles, Vietnam approx. 72 million to 77 million vehicles.


Brand landscape shows "Asia leads sales, Europe & US dominate high-end".

The four Japanese giants (Honda, Yamaha, Suzuki, Kawasaki) account for nearly half of the global share, dominating the commuter bike market in Southeast Asia and Latin America; Indian brands (Hero, Bajaj, TVS) rule the low-end mobility market in South Asia and Africa; European brands (BMW, Ducati, KTM) and American Harley dominate the high-net-worth leisure market.


Characteristics of the Chinese Market and Electrification Impact


China's domestic sales account for 13%~14% globally; accounting for exports, production accounts for approx. 30%, making it the world's largest manufacturing and export country.


Suppressed by motorcycle restrictions in nearly 200 cities, urban commuting is largely replaced by electric two-wheelers (electric two-wheeler penetration rate exceeds 75% in tier-1 and tier-2 cities, national comprehensive electrification rate exceeds 70%), putting pressure on domestic sales of fuel commuter bikes. In 2025, domestic sales of fuel motorcycles were approx. 5.1449 million units, a year-on-year decrease of 6.18%. However, leisure models over 250cc grew against the trend: 2025 sales were 952,300 units, a year-on-year increase of 25.87%, with a 3-year CAGR (Compound Annual Growth Rate) over 20%. Sport replicas, retro, and ADV models are popular; consumption attributes shift towards leisure and socializing.


The markets most significantly impacted by electrification of fuel motorcycles are China and Vietnam. China's urban areas have basically completed the "switch from oil to electric"; Vietnam's proportion of new electric motorcycle registrations has quickly risen to 13%~22%, making it the market with the fastest replacement of fuel motorcycles in Southeast Asia.


Assessment of the True Global Status and Competitiveness of Chinese Enterprises


No Need to Underestimate Themselves


China possesses the most complete motorcycle industry chain globally. In 2025, whole vehicle exports reached 13.3657 million units, export value 8.85 billion USD. Export volume accounts for an important share of global trade, making it the core supplier for small-displacement commuter bikes in Asia, Africa, and Latin America.


Haojue, Loncin, and Zonsen have built a solid foundation in Latin America and Africa with cost-performance and reliability; CFMOTO, QJ Motor (QJMOTO), and Voge continue to catch up in the medium-to-large displacement field. Exports of models over 250cc increased year-on-year by over 50%. Voge's European sales broke through 80,000 units (year-on-year +89.35%). CFMOTO holds a leading position in the European ATV market, and its motorcycle business has also achieved a 5%~10% market share in some European countries. Domestic market share of domestic brands in the medium-to-large displacement market exceeds 80%, significantly squeezing the share of imported large-displacement bikes. In the racing field (WSBK, Dakar), Chinese teams are also starting to appear. Kove team ranked 15th in Dakar 2025, and Zhang Xue Motorcycle achieved five consecutive championships in WSBK.


Average export price continues to rise. Industry estimates suggest the share of independent brands going global is approaching 50%. The industry is transitioning from "OEM for volume" to "Technology + Brand going global".


Nor Should They Be Arrogant


The sum of net profits of the top ten enterprises in China's motorcycle industry still falls short of the profit from just Honda's motorcycle business, and is still in the stage of "large but not strong".


There are three core weaknesses.


First, huge disparity in R&D investment.


Honda's R&D expenses for its motorcycle business in a single year exceed the total R&D investment of China's entire motorcycle industry, resulting in a generational gap in underlying technologies such as engine thermal efficiency, durability, and NVH. The rate of fully independent R&D for large-displacement engines over 250cc is less than 30% (in recent years, new brands like Zhang Xue Motorcycle have achieved 100% independent R&D of core components, but this has not yet changed the overall industry landscape).


Second, core electronic control relies on foreign suppliers


High-end electronic controls such as EFI systems, ABS, TC, IMU still heavily rely on foreign suppliers like Bosch, Denso, etc. The bargaining power over core components is weak.


Third, shallow brand accumulation, imperfect overseas network


Brand premium is far lower than Japanese and European brands. Early low-price vicious competition once caused China's motorcycle market share in Southeast Asia to drop from 90% to approx. 1% (has recovered in recent years, but rebuilding trust still takes time). In Japanese home markets (Japan itself, Thailand) and North American cruiser markets, Chinese brands have almost no presence.


Chinese enterprises are an irreplaceable manufacturing cornerstone and main force for commuter bike exports globally. Medium-to-large displacement is becoming a second growth curve, showing promise in Europe and America. The electric motorcycle industry chain also possesses first-mover advantages. However, compared to Japanese giants, there is still a 5~10 year gap in core technology control, global brand premium, and full-cycle profitability. Whether future breakthroughs in electronic control and large-displacement engine independent R&D, and establishing overseas after-sales service systems, will decide if Chinese motorcycles will be upgraded from "World Factory" to "Global Brands", or remain in a low-margin OEM role for the long term.


When electrification of commuter bikes, large-displacementization of leisure bikes, and intelligent connectivity of products become trends in the motorcycle industry, Chinese motorcycle companies improving R&D capability, leveraging ecosystem advantages, and integrating into the global market is the right path.

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