Motorcycles - Argentina

Argentina

Highlights

The Motorcycles market in Argentina is projected to reach a revenue of US$2.52bn in 2024.
This represents a significant growth rate, with an annual increase of 3.95% from 2024 to 2029.
By 2029, the market volume is expected to reach US$3.06bn.
In Argentina, the largest segment within the Motorcycles market is On-road Motorcycles, which is projected to have a market volume of US$1.91bn in 2024.
This segment holds a significant share in the overall market.
Unit sales of Motorcycles market are expected to reach 514.40k motorcyles in 2029, indicating a steady demand for Motorcycles market in the country.
The volume weighted average price of Motorcycles market in Argentina is expected to be US$5.86k in 2024.
This average price reflects the pricing dynamics of the market and the various motorcycle models available.
In terms of market share, Honda Motorcycles is anticipated to have the highest share in the selected region, with a motorcycle unit sales share of 19.1% in 2024.
This indicates the strong presence and popularity of Honda Motorcycles market in Argentina.
Furthermore, the value market share of Honda Motorcycles in the selected region is expected to stand at 10.8% in 2024.
This highlights the brand's dominance in terms of revenue generated within the Motorcycles market.
From an international perspective, it is noteworthy that India is projected to generate the highest revenue in the Motorcycles market, with a staggering US$32.11bn in 2024.
This demonstrates the significant market potential and opportunities India for motorcycle manufacturers and distributors.
The motorcycle market in Argentina is experiencing a surge in sales due to the country's passion for motorsports.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Argentina has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Motorcycles market in Argentina have shifted towards more affordable and fuel-efficient options. As the cost of living continues to rise, consumers are looking for cost-effective transportation solutions. Motorcycles provide an affordable alternative to cars, allowing individuals to save on fuel costs and navigate through traffic more easily. Additionally, the compact size of motorcycles makes them ideal for urban areas with limited parking space. Trends in the market have also played a role in the growth of the Motorcycles market in Argentina. The increasing popularity of ride-sharing platforms has led to a higher demand for motorcycles among drivers. Motorcycles are often more cost-effective for ride-sharing purposes, as they consume less fuel and have lower maintenance costs compared to cars. Furthermore, the rise of e-commerce has created a need for efficient last-mile delivery solutions, with many companies opting for motorcycles to navigate through congested city streets. Local special circumstances have further contributed to the growth of the Motorcycles market in Argentina. The country's geography, with its vast rural areas and challenging terrain, makes motorcycles a practical choice for transportation. Motorcycles are often more maneuverable than cars, allowing individuals to navigate through unpaved roads and reach remote locations. Additionally, the warm climate in Argentina makes motorcycles an appealing option for recreational purposes, such as leisurely rides along scenic routes. Underlying macroeconomic factors have also influenced the development of the Motorcycles market in Argentina. The country has experienced periods of economic instability, with fluctuating inflation rates and currency devaluation. During these times, motorcycles have become a more affordable option for transportation, as their purchase and maintenance costs are generally lower compared to cars. Furthermore, the government has implemented policies to promote the local production of motorcycles, stimulating the domestic market and creating job opportunities in the industry. In conclusion, the Motorcycles market in Argentina has been growing due to customer preferences for affordable and fuel-efficient transportation, trends in the market such as ride-sharing and e-commerce, local special circumstances including the country's geography and climate, and underlying macroeconomic factors such as economic instability and government policies. These factors have collectively contributed to the development of the Motorcycles market in Argentina and are likely to continue shaping its growth in the future.

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.