Motorcycles - Algeria

Algeria

Highlights

The Motorcycles market in Algeria is projected to reach a revenue of US$96.58m in 2024.
It is expected to show an annual growth rate of 0.59% from 2024 to 2029, resulting in a projected market volume of US$99.45m by 2029.
The largest segment in the market is On-road Motorcycles, with a projected market volume of US$52.49m in 2024.
Unit sales of Motorcycles market are expected to reach 41.17k motorcyles by 2029.
The volume weighted average price of Motorcycles market in 2024 is expected to be US$2.37k.
In the selected region, Honda Motorcycles is projected to have the highest market share in 2024, with a motorcycle unit sales share of 27.8%.
The value market share of Honda Motorcycles is expected to stand at 22.1% in 2024.
When looking at the international perspective, it is shown that India will generate the most revenue in the Motorcycles market, with US$32.11bn in 2024.
The demand for motorcycles in Algeria has been steadily increasing due to the country's growing young population and improving infrastructure.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Algeria has been experiencing significant growth in recent years.

Customer preferences: Algerian consumers have shown a growing preference for motorcycles as a mode of transportation. This can be attributed to several factors. Firstly, motorcycles are often seen as a more affordable alternative to cars, especially for low-income individuals. Additionally, motorcycles are more fuel-efficient, making them a popular choice for those looking to save on transportation costs. Furthermore, the compact size and maneuverability of motorcycles make them well-suited for navigating through the country's congested urban areas.

Trends in the market: One of the key trends in the Algerian motorcycles market is the increasing demand for electric motorcycles. As environmental concerns become more prominent, consumers are seeking greener alternatives to traditional gasoline-powered vehicles. Electric motorcycles offer a cleaner and more sustainable mode of transportation, and their popularity is expected to continue to rise in the coming years. Another trend in the market is the growing popularity of higher-end motorcycles. As the Algerian economy continues to grow, there is an increasing number of individuals with higher disposable incomes. These consumers are willing to spend more on motorcycles that offer advanced features, better performance, and enhanced comfort. This trend is driving the demand for premium motorcycles in the country.

Local special circumstances: The Algerian government has implemented policies and regulations to promote the use of motorcycles as a means of transportation. For instance, the government has reduced import tariffs on motorcycles, making them more affordable for consumers. Additionally, the government has invested in improving road infrastructure, which has made it easier and safer for motorcycles to navigate through the country.

Underlying macroeconomic factors: The growth of the motorcycles market in Algeria can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced a steady increase in GDP over the past few years, which has led to an overall improvement in living standards. This has resulted in an increase in consumer spending and a greater demand for motorcycles. Furthermore, the Algerian population is growing at a rapid rate, which has led to an increase in the number of individuals of working age. This has created a larger consumer base for motorcycles, as more people are looking for affordable and efficient modes of transportation. In conclusion, the Motorcycles market in Algeria is experiencing growth due to customer preferences for affordability, fuel efficiency, and maneuverability. The market is also being influenced by trends such as the demand for electric motorcycles and higher-end models. The Algerian government's policies and investments in road infrastructure have further supported the growth of the market. Additionally, underlying macroeconomic factors such as GDP growth and population increase have contributed to the expansion of the motorcycles market in Algeria.

Data coverage:

Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.

Additional Notes:

The market is updated once a year.