Forecasting Bangladesh Motorcycle Oil Market

4
742
Forecasting Bangladesh Motorcycle Oil Market
Motorcycle Oil

Sharing is caring!

Like other lubricants oil segments, the motorcycle oil market is eyeing significant growth because of the favourable that encourages motorcycle assembling, leading to the eventual manufacturing in our country.

The cabinet already has given the nod to Motorcycle Industry Development Policy 2018 to facilitate the motorcycle manufacturing process to meet the domestic demand. The draft policy aims to locally manufacture 5 lakh motorcycles a year by 2021 and double that by 2027.

Operators now predict that the market would grow many folds in the next two-three years. So, the motorcycle manufacturing policy already created a future market for the motorcycle engine oil.

Besides, the popularity of ride-sharing has already increased the two-wheeled traffic in Dhaka. Especially, the motorcycle population focused on ride-sharing has increased a 44% uptake in the sale of motorbikes.

On average about 1,000 units of two-wheelers are being sold in the country as the demand is rising. Five years ago the number was around 550.

So, the motorcycle oil market is on the cusp of significant change triggered by forces shaping the future of mobility.

The ride-sharing companies like Pathao, Uber Moto has already initiated a mobility revolution, impacting motorcycle oil demand due to more frequent oil drain intervals in the near term.

However, opportunities for partnerships to this market or use it as a new channel to market is among the positive factors.

In the ride-sharing model, major motorcycle oil brands need to look to the future, as questions such as who will be making the decision on the ‘brand’ of 4T oil at the time of an oil change will be raised.

Therefore, the motorcycle oil market of Bangladesh is looking at the motorcycle industry development policy as well as the ride-sharing services, and the impact of these factors on 4T oil demand.

Sharing is caring!
  •  
  •  
  •  
  • 5
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    5
    Shares

4 COMMENTS

  1. Hello!

    Nice oil content you have on your site. You know, MOST customers look at your review pages before visiting and ordering at your business.
    Over 60% of them check Google first! We feel that your site could use a little boost at Google and TripAdvisor.

    Most customers avoid leaving reviews until they have a BAD experience to vent!
    We have just the team from USA/Canada to come up with great reviews you need.
    Our services help maintain at least a 4.0 star rating in order to avoid losing business to competitors!

    We provide reliable Google, SiteJabber, TrustPilot, TripAdvisor, Facebook, Zomato, YellowPages reviews in bulk, starting at $20 in as little as 5 business days!

    Check out our work and past clients here:
    http://bit.ly/ormworks

    Thank you for your time,

    Regards.
    Fletcher

  2. I’m a member of a gym how do buy viagra in dublin Vodafone in June agreed to buy Germany’s largest cable group Kabel Deutschland for 7.7 billion euros and Dutch telecoms group KPN last month agreed to sell its German unit to Telefonica for 8.1 billion euros.

LEAVE A REPLY

Please enter your comment!
Please enter your name here