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Harley-Davidson - worldwide revenue FY 2019 & FY 2020

Harley-Davidson's global revenue fell by almost a quarter in 2020 compared to the previous year. H-D generated around 4.05 billion U.S. dollars in revenue for the full 2020 financial year, some 790 million U.S. dollars of which was generated from financial services. That same year, revenue generated from motorcycle sales dropped by more than 28 percent to some 3.26 billion U.S. dollars. The U.S. was the most important regional market for Harley-Davidson in 2020 with almost 104,000 unit sales.

Potential for growth in Asian markets

In terms of units sold, the Asia-Pacific region is by far the world’s largest market for motorcycles and other two-wheelers. Motorcycle sales in China reached almost 1.3 million units in June 2020. The U.S. will remain a priority for Harley-Davidson, but the company is making concerted efforts to grow in Asian markets.

New lineup caters to untapped markets

Harley-Davidson has this far been unable to make its mark in Asian markets. The company predominantly operates in the medium to heavy segments, and the brand has only recently expanded its platform to include medium weight models. Although H-D has strong loyalty among many of its consumers, the U.S. motorcycle market has slowly shrunk. H-D now has a partner in both India and China. To suit these markets, smaller displacement engines are becoming more common in the Harley line-up and are more likely to be produced abroad.

Harley-Davidson's worldwide revenue for the financial years 2019 and 2020

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Source

Release date

February 2021

Region

Worldwide

Survey time period

FY 2019 and FY 2020

Supplementary notes

Financial year ends on December 31st.

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Statistics on "Motorcycles in the United States"

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