Motorcycles - Chad

Chad

Highlights

The projected revenue in the Motorcycles market for Chad is expected to reach US$33.79m in 2024.
It is anticipated that the revenue will exhibit an annual growth rate of -0.63% (CAGR 2024-2029), resulting in a projected market volume of US$32.75m by 2029.
The largest segment in the market is On-road Motorcycles, which is projected to have a market volume of US$17.53m in 2024.
The unit sales of Motorcycles market are expected to reach 14.96k motorcyles in 2029.
The volume weighted average price of the Motorcycles market in 2024 is projected to amount to US$2.17k.
Considering the market share of motorcycle unit sales, Honda Motorcycles is expected to have the highest share in the selected region with 25.9% in 2024.
Furthermore, the value market share of Honda Motorcycles in the selected region is projected to stand at 22.4% in 2024.
From an international perspective, it is evident that the highest revenue will be generated India with US$32.11bn in 2024.
Despite the challenging economic conditions in Chad, the demand for motorcycles remains high due to their affordability and versatility in navigating the country's rough terrains.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Chad has been experiencing steady growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Chad have played a significant role in the development of the Motorcycles market. Motorcycles are a popular mode of transportation in the country due to their affordability and ability to navigate through the challenging terrain. Many individuals and businesses in Chad prefer motorcycles for their daily commute or for transporting goods and services. This preference for motorcycles has created a strong demand in the market. Trends in the market have also contributed to the growth of the Motorcycles market in Chad. One notable trend is the increasing popularity of electric motorcycles. As the world moves towards more sustainable transportation options, Chad is also witnessing a shift towards electric motorcycles. This trend is driven by both environmental concerns and the lower operating costs of electric motorcycles compared to traditional fuel-powered ones. The availability of electric motorcycles in the market has increased, attracting customers who are looking for more eco-friendly and cost-effective options. Local special circumstances in Chad have further influenced the development of the Motorcycles market. Chad is a landlocked country with limited infrastructure, especially in rural areas. This makes motorcycles a practical choice for transportation, as they can easily navigate through rough terrains and provide access to remote areas. Additionally, the informal sector plays a significant role in the economy of Chad, and motorcycles are often used by individuals involved in small-scale businesses such as transportation, delivery, and agriculture. The demand for motorcycles in this sector has contributed to the overall growth of the market. Underlying macroeconomic factors have also played a role in the development of the Motorcycles market in Chad. The country has been experiencing economic growth, which has led to an increase in disposable income and purchasing power. As a result, more individuals are able to afford motorcycles, leading to higher demand in the market. Furthermore, the government of Chad has implemented policies to promote the growth of the transportation sector, including the development of road infrastructure and the reduction of import duties on motorcycles. These measures have created a favorable environment for the Motorcycles market to thrive. In conclusion, the Motorcycles market in Chad has been growing steadily due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The affordability, practicality, and increasing popularity of motorcycles as a mode of transportation have contributed to the market's development. Additionally, the availability of electric motorcycles and the government's supportive policies have further fueled the growth of the market. With the continued economic growth and the demand for motorcycles in various sectors, the Motorcycles market in Chad is expected to continue its positive trajectory 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.