BIDA

Motorcycle & Parts

One of the fastest growing industry in Bangladesh, the booming motorcycle market has drawn global firms to set up assembly plants in Bangladesh

Motorcycle industry has emerged as one of the fastest growing industries in Bangladesh, witnessing impressive growth for the last several years. Motorcycle offers an alternative and cheaper mode of transportation to the large population of Bangladesh with increasing purchasing power. As a result, the market of motorcycles in Bangladesh has been expanding rapidly. Today more than 1,000 units of motorcycle are sold daily. Annual local registration of motorcycle stood over 400,000 units in 2019, growing at the rate of 35% per annum since 2014. There was a slight fall in demand due to Covid19 in 2020 with total registered vehicles falling to 3110,000. However, the market is expected to grow back soon.

Overview

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More than 1000 motorcycles are sold daily

Number of motorcycles tripled over a period of five years

In 2020, over 80 percent of vehicles sold were two wheelers

480 million USD
Market Size
28 %
Compounded Annual Growth
(2014-2020)
19 per 1000
Penetration ratio

Key Players