As a motorcycle brand with many years of experience, Honda is not only the main brand of two wheelers, but also a well-known manufacturer in the automotive industry.
Honda motorcycles have opened several factories in China and several wholly-owned factories in Southeast Asia. Some of China’s major trading models also come from Honda factories in Southeast Asia. In terms of trade and tariffs, Honda motorcycles in Southeast Asia are still the first choice. As a result, Honda’s headquarters are not only in Japan, but also in some countries in Southeast Asia and other developed countries in Europe and America, with the shadow of Honda factories. This has also made Honda motorcycles more famous, and relying on its strategy, it can occupy a large share in the global motorcycle market.
The main battlefield for Honda motorcycles is still overseas, especially in 2023, when Honda motorcycle sales reached 18.5 million units. However, the further reduction of Honda motorcycles in China is mainly due to the rise of domestic brands and the potential users who are hesitant about motorcycles. Due to the restrictions and bans on motorcycles in major Chinese cities, the overall increase in motorcycle sales is still relatively weak.
Although Chinese brands of motorcycles are also vigorously expanding their overseas motorcycle markets, Honda still has the highest market share in other countries. The main reason is that Honda motorcycles are Japanese brands that have been entering overseas markets since the last century, and the market feedback has been consistently high. This also explains why Honda relies heavily on its own influence and user reputation to gain a significant advantage overseas.
Whether Honda’s motorcycles can maintain the top sales position in future motorcycle competition mainly depends on whether Honda’s quality control can remain consistent, with the premise of introducing more classic and excellent qualities to enhance its reputation. This may be something that any enterprise should pay attention to.
Hi, this is a comment.
To get started with moderating, editing, and deleting comments, please visit the Comments screen in the dashboard.
Commenter avatars come from Gravatar.