Automobiles (Motorcycle)

The motorcycle market has seen phenomenal growth since 2014 with an annual growth rate of 30% from 2014 to 2019. The registered number of motorcycles in Bangladesh has grown from less than 100,000 in 2014 to over 400,000 in 2019. While motorcycles contains around 1,500 parts, very few of those are locally sourced. Currently, many foreign and local manufacturers such Honda, Suzuki, Runner and Yamaha are assembling motorcycles in the country leading to a growing untapped market for automobile parts and components. At present, the automotive spare parts market is around US$ 600 million and comprises primarily imports, providing a potential market for motorcycle & parts manufacturers.