Motorcycle industry is a booming industry in Australia
Tuesday, October 25th, 2011The Federal Chamber of Automative Industries (FCAI) has recently released a report on motorcycle sales in Australia and it showed an impressive and significant growth in motorcycle sales in the third quarter of the current year.
According to the report, there has been a 4.5% increase in a span of nine months compared to the same period in the previous year. There were 77, 129 motorcycles that were delivered to various customers in different parts of Australia, 3,319 units more than last year. 26, 750 of the total motorcycles were delivered between the months of July and September alone.
“Growth in motorcycle sales – particularly in the ATV and scooter segments – continues to significantly outpace other automotive sectors in Australia”, said Rhys Griffiths, FCAI motorcycle manager said. “Strong up-take in the ATV segment is likely to be the result of the economic recovery in regional and rural Australia earlier in the year, where drought has been a mitigating factor for several years.” This is due to the 25.8% growth in all-terrain vehicles (ATV) all over Australia.
He also pointed out that the sales of scooters will continue to increase for several years, and this assumption is backed up by the fact that and 12.1% year-to-date growth compared to last year. “Strong growth of scooter sales and the resilience of overall road bike sales suggest commuters are finding motorcycles to be a practical solution to high fuel prices and inner city traffic congestion. Despite road-bike sales falling 1.5 per cent year-to-date, the segment is still the largest in the market, accounting for 36.9 per cent of all motorcycles sold,” he said in a statement. Most of the scooter riders have also been spending on essentials such as helmets and motorbike speedo, thus, increasing the sales of the said accessories.
The growth can also be due to the increasing popularity of motorcycling as a sport in Australia. Local traders such as s3 performance have noticed that Motorcycle parts have also increased in sales, especially LED Work Lights as a lot of the riders like to enhance their bikes. There was a report that states that seven of the top 10 motorcycles in Australia are off-road bikes. Riders also spend on various accessories as motorbike pads, body gears and motorbike speedometer and it also helps the industry to grow more.




