The Motorcycle Registration Report that was submitted by STRADCOM, the LTO’s longtime official IT Provider, which cover most of 2018, actually from January to October was a real revelation as to the very healthy state of the motorcycle industry in the country.
A whooping total of 1,886,515 units were registered (therefore sold to users) with still 2 months of reporting to go. And don’t ask me about the number of models these figures represent for they are almost uncountable.
Honda maintains its market supremacy with a market share of 25.8% followed closely by Yamaha biting 22.58% of the pie while RUSI’s 14.83% is good enough for a 3rd rank.
Now here’s the complete LTO Motorcycle Registration Report
The Top 10 industry players have 98% of this rapidly growing market.