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Overview of motorcycle markets in Latin America

source:www.jycexpo.com  |  Release time:2023年04月07日



Market overview

The Latin American motorcycle market set a new record in 2022, growing by 10.7%.

We know for sure: Latin Americas love motorcycles.

The motorcycle market has been growing steadily for the past decade, 


from 2012 (3.7 million units) to 2022 (5.4 million units), 

and several countries have risen from nowhere to the top of the world.




  Country profile

  Mexico became the largest motorcycle market in the Americas last year 

with a growth rate of 13.1%, surpassing Brazil (+12.4%).

In third place is Colombia (+11.1%), followed by Argentina (+6.8%) and Peru (+13.7%).




  Motorcycle market in Mexico

    Mexico's motorcycle market is the eighth largest in the world.
  In 2022, the industry hit an all-time record of 1.3 million units, 

driven by local leader Italika and numerous competitors that have recently entered the country.
  Despite rising economic difficulties, high inflation, parts shortages and negative economic expectations,
  The Mexican motorcycle market continues to grow and is expected to set a new record this year.





  Motorcycle market in Brazil

    The Brazilian motorcycle market is booming. The industry is in good shape and has grown for five years in a row.
  The annual sales volume for 2022 was 1.29 million (+12.1%), 

a good performance in the past eight years.
  Brazil's car industry has been moving towards greener production, 

with the two-wheeler sector benefiting most.
  Honda dominated the market with nearly 1 million units sold (up 12.9 percent).






Colombian motorcycle market


  Colombia's motorcycle market is among the top 10 in the world. 

About 812 units were sold in 2022, beating expectations and setting a new record.

  The market is currently the world's second largest market



 in the Spanish region and represents the production center for all Spanish regions in Latin America.
  Domestic sales were driven by growth in per capita income and a variety of vehicle models.
  Colombia has now overtaken Taiwan as the world's 10th largest market.
  After a drop in sales in 2021, due to old-to-new dealerships,
  Bajaj Auto regained the top spot with a strong 16.4 per cent increase in sales,
  Beat Yamaha by hundreds of cars (+6.1%). AKT(+15.8%) ranked third,
  They were followed by Suzuki (+33.2%), Victory(+10.7%) and Honda(-5.4%).
  New manufacturers are growing fast, with TVS cars in India rising to sixth place with 15.7% growth.







  Motorcycle market in Argentina

    While the rest of the world is struggling with inflation of around 10 percent, 

Argentina's inflation rate exceeded 100 percent last month, 

while GDP grew by only 4 percent (which is expected to drop to 2 percent next year).
  If cash has no value, people will spend all their income as quickly as possible, 

and two-wheelers seem to be one of the items to buy this year.
  The motorcycle industry seems to be in good shape. 

In fact, for the whole year of 2022, 406.114 cars were sold,
  The growth rate was 6.8 percent, a relatively high level in the past five years. 

In a highly competitive market, Honda (+21.8%) was the top seller, 

followed by local brands :Motomel(+4.9%), Corven(-0.9%) and Zanella(+22.0%).






  Motorcycle market in Peru

    In 2020, demand for private cars to ensure safe personal travel surged due to Covid-19, 

with motorcycle sales surging 43% over 2019 to 237.770 units, 

and again to a staggering 362.393 units in 2021 (up 52% from 2020, 

More than double the pre-COVID-19 rate in 2019).
  Growth is too fast in such a short period of time, sales fell back to 312.713 units (-13.7%) in 2022. 

However, forecasts for the coming years remain strong and the motorcycle market is expected to grow further.






  Company profile

    Chongqing Jieyaocheng Exhibition is a professional organization engaged 

in international and domestic exhibition business.

 Adhering to the business philosophy of "sincere service connects five continents, 

sharing win-win situation and connecting the whole world", 

Chongqing Jieyaocheng Exhibition implements a series of "Going out" and 

"Coming in" trade promotion services between China and international markets. 

The business covers the planning, design, organization, 

executive undertaking of domestic and foreign exhibitions 

and various activities and forums, exhibition hall booth design and construction,

 international consulting and other service industries.
  We will carry out "win-win" and "all-win" cooperation extensively to 

build a bridge and provide better services for enterprises to expand 

into the international and domestic markets.
  The company has become the cooperation and promotion partner of 

international well-known exhibition organizations in Europe, America, 

the Middle East, Africa, Southeast Asia and other regions in China. 

Such as Italy, Germany, Russia, Colombia, Mexico, Vietnam, Thailand, 

Indonesia and other global professional international auto and 

motorcycle exhibition in China recruitment and booth allocation. 

While assisting Chinese enterprises to explore the international market, 

we will also help them to reduce income and increase source.