The Motorcycles market in Central Asia has been experiencing significant growth in recent years. Customer preferences in the region have been shifting towards motorcycles as a preferred mode of transportation. This can be attributed to several factors, including the affordability and fuel efficiency of motorcycles compared to other vehicles. Additionally, motorcycles are often seen as a more convenient option for navigating through the region's congested roads and narrow streets. Trends in the market show a growing demand for motorcycles in Central Asia. This can be attributed to the increasing urbanization and rising disposable incomes in the region. As more people move to cities and experience higher incomes, they are more likely to purchase motorcycles as a means of transportation. Local special circumstances also play a role in the development of the motorcycles market in Central Asia. The region's geography, with its vast and diverse landscapes, makes motorcycles a practical choice for navigating through different terrains. Additionally, the relatively low cost of motorcycles compared to cars makes them more accessible to a wider population. Underlying macroeconomic factors also contribute to the growth of the motorcycles market in Central Asia. Economic growth in the region has led to an increase in consumer spending power, allowing more people to afford motorcycles. Furthermore, government policies and regulations that promote the use of motorcycles as a sustainable and efficient mode of transportation have also contributed to the market's development. In conclusion, the motorcycles market in Central Asia is experiencing growth due to changing customer preferences, urbanization, rising incomes, local special circumstances, and favorable macroeconomic factors. As the region continues to develop and modernize, the demand for motorcycles is expected to further increase in the coming years.
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.
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