Philippines to overtake Thailand in the motorcycle market?

Philippines to overtake Thailand in the motorcycle market?

According to the Motorcycle Development Program Participants Association (MDPPA), which consists of motorcycle manufacturers such as Honda, Kawasaki, Suzuki, Yamaha and Kymco, Philippines could potentially overtake Thailand as the third largest market in Southeast Asia for motorcycles.  The MDPPA projects its sales to grow by 12 to 15 percent this year to 1.2 million to 1.3 million. Total motorcycle sales stood at 1.68 million in 2016 against Thailand’s 1.72 million.  The Philippines is said to be the sixth largest market for motorcycles in the world.

“Exporting to Asean is not a good prospect now as these markets have established motorcycle production as well,” said Armando Reyes, MDPPA president.

Back to top