The Motorcycles market in Bhutan has experienced significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Motorcycles market in Bhutan have shifted towards more fuel-efficient and environmentally friendly options. This is in line with global trends, as customers are becoming more conscious of the impact of their purchasing decisions on the environment. As a result, there has been an increased demand for electric motorcycles in Bhutan. These motorcycles offer lower emissions and reduced fuel consumption, making them an attractive option for environmentally conscious consumers. Another customer preference in the Motorcycles market in Bhutan is for motorcycles that are suitable for rough terrains and mountainous regions. Bhutan is known for its challenging landscapes, and customers in the country often require motorcycles that can handle these conditions. As a result, there has been a growing demand for off-road motorcycles and adventure bikes in Bhutan. These motorcycles are designed to handle rough terrains and provide a comfortable riding experience in challenging environments. In addition to changing customer preferences, there are several emerging trends in the Motorcycles market in Bhutan. One such trend is the increasing popularity of motorcycle tours and adventure tourism. Bhutan's scenic landscapes and challenging terrains make it an ideal destination for motorcycle enthusiasts. As a result, there has been a growing demand for motorcycles that are suitable for long-distance travel and adventure tours. This trend has also led to the development of specialized motorcycle rental and tour companies in Bhutan, catering to the needs of tourists and locals alike. Local special circumstances also contribute to the development of the Motorcycles market in Bhutan. The country's mountainous terrain and limited public transportation infrastructure make motorcycles a popular mode of transportation for many Bhutanese people. Motorcycles provide a convenient and cost-effective way to navigate the country's challenging landscapes and reach remote areas. Additionally, the government of Bhutan has implemented policies to promote the use of electric vehicles, including motorcycles, as part of its commitment to environmental sustainability. These policies have created a favorable environment for the growth of the electric motorcycle market in Bhutan. Underlying macroeconomic factors, such as economic growth and rising disposable incomes, also play a role in the development of the Motorcycles market in Bhutan. As the economy of Bhutan continues to grow, more people have the financial means to purchase motorcycles. This has led to an increase in motorcycle ownership and demand for motorcycles in the country. Additionally, the government's efforts to improve infrastructure, including road networks, have made motorcycles a more viable mode of transportation for many Bhutanese people. These factors have contributed to the overall growth and development of the Motorcycles market in Bhutan.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
