Manufacturing, Public Policy, the Economy and Growth
The I-JK motorcycle industry as a whole offers a notable contribution to the UK economy with a turnover more than E5billion and around El billon paid in taxes. In total, the in dustry supports E2. 8 billion of added value and 81 , 500 jobs in the UK economy, directly within the industry and indirectly through purchases from other UK industries. The UK motorcycle in dustry also generates significant tourism expenditures of around E570 million, which hel ps to support more than 1 3,000 tourism jobs. The UK motorcycle industry is defined as comprising five main sectors, includi ng manufacturing distribution and retail; repair, servicing and maintenance; sports and leisure; and other support services.
There are approximately 1 million active motorcyclists in the UK, representing around 3% of the UK adult pop
...ulation. Ownership rates indicate there are approximately 22 motorcycles per 1,000 people. There is significant potential for further growth. Around 3 million people hold a full motorcycle licence. New purchases of motorcycles grew strongly after 199 7, but have experienced declines of around 30% since 2008 as a result of the recession. H owever indigenous manufacturers have seen market share growth over this period.
There is a significant and increasing contribution to exports of over E400 milli on per annum nd supply chain impacts support an additional E750 million of Gross Value A dded (GVA) and 16,000 Full Time Employment (FTE) jobs in the UK economy. Government has a role to play in recognising motorcycling and the potential o manufacturing plus offer political support and the inclusion of motorcycles a s part of transport strategies that aim to rebalance the
economy, create growth, reduc e traffic congestion, reduce carbon emissions and resolve parking issues.
The manufacturing sector includes the manufacture of motorcycles, components, clothing and accessories, and fuel/oils. The manufacture of motorcycles is the most significant activity. I-JK production of motorcycles has increased significantly and consistently over time.
Levels of production were very low in the mid to late 1 980s and have since increased to approximately 50,000 motorcycles in 2011, most of which are exported to the US and Europe an countries. The UK is currently developing considerable strengths in the manufacture Of motorcycles and related products.
The most significant manufacturer, currently accounting for the majority of UK production and driving the growth of the sector, is Triumph Motorcycles. T riumph is a significant major UK automotive manufacturer (wholly British owned), with ad ditional manufacturing bases outside the LJK. Other smaller volume manufacturers in clude Norton and CCM.
Date Of Issue: November 201 2 Page: 2 UK motorcycle-related manufacturing currently has a total turnover of almost E500 million (including the UK manufacturer of motorcycle related products such as fuels/ lubricants etc), more than E 150 million of which is added value for the UK economy.
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