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
Overview
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.
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.
The demand for motorcycles is expected to continue growing rapidly in Bangladesh.
Motorcycle manufacturing
Government is encouraging manufacturing of motorcycles. Current assemblers are encouraged to progressively shift to manufacturing through duty reductions on import of raw materials.
Parts & component
The Government of Bangladesh is encouraging investment in parts and components manufacturing. The linkage formation is one of the key agendas of the National motorcycle policy 2018. In addition, there are tax incentives for manufacturing of part and components.
Incentives Related To Motorcycle And Parts Industries
Related SROs
Related Policy
Supporting Ministry/Institution
Industry Associations
Source: Bangladesh Investment Development Authority (BIDA)