Motorcycles - Fiji

Fiji

Highlights

The Motorcycles market in Fiji is projected to achieve a revenue of US$1.77m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 3.53%, resulting in a projected market volume of US$2.10m by 2029.
Among the various segments in this market, the largest one is On-road Motorcycles, which is estimated to reach a market volume of US$911.10k in 2024.
Looking ahead, the unit sales of Motorcycles market are expected to reach 407.00motorcyles by 2029.
In terms of the average price of Motorcycles market in the market, it is anticipated to be US$4.98k in 2024.
In the selected region, Bajaj Motorcycles is projected to have the highest market share in 2024, with a motorcycle unit sales share of 13.2%.
Additionally, the value market share of Bajaj Motorcycles in the selected region is expected to be 7.9% in 2024.
From an international perspective, it is noteworthy that India is expected to generate the most revenue in 2024, amounting to US$32.11bn.
Fiji's motorcycle market is currently experiencing a surge in demand for off-road and adventure bikes due to its rugged terrain and popular tourist attractions.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Fiji is experiencing steady growth, driven by customer preferences for affordable and efficient transportation options.

Customer preferences: In Fiji, motorcycles are a popular mode of transportation due to their affordability and fuel efficiency. Many people in Fiji rely on motorcycles for daily commuting, as they are more cost-effective compared to cars and provide better maneuverability in the country's narrow and congested roads. Additionally, motorcycles are often preferred in rural areas where public transportation options are limited.

Trends in the market: The motorcycles market in Fiji has witnessed a growing demand for electric motorcycles in recent years. This trend can be attributed to the increasing awareness of environmental sustainability and the desire for cleaner modes of transportation. Electric motorcycles offer lower emissions and reduced noise pollution compared to traditional gasoline-powered motorcycles, making them an attractive option for environmentally conscious consumers. Furthermore, the availability of government incentives and subsidies for electric vehicles has further fueled the demand for electric motorcycles in Fiji. Another notable trend in the motorcycles market in Fiji is the rising popularity of motorbikes for recreational purposes. Fiji's beautiful landscapes and scenic routes make it an ideal destination for motorcycle enthusiasts. As a result, there has been an increase in the sales of motorcycles designed for off-road adventures and leisure riding. This trend is driven by both domestic and international tourists who seek thrilling experiences while exploring the country.

Local special circumstances: Fiji's geography and infrastructure play a significant role in shaping the motorcycles market. The country consists of multiple islands, and motorcycles are often preferred for their ability to navigate through narrow and winding roads. Additionally, the limited availability of public transportation options in some remote areas makes motorcycles a practical choice for many residents.

Underlying macroeconomic factors: The steady growth in the motorcycles market in Fiji can be attributed to several macroeconomic factors. The country's improving economic conditions, rising disposable incomes, and expanding middle class have contributed to increased consumer spending on motorcycles. Additionally, the government's efforts to improve road infrastructure and connectivity have made motorcycles a more viable transportation option for many Fijians. In conclusion, the motorcycles market in Fiji is experiencing growth due to customer preferences for affordable and efficient transportation options. The demand for electric motorcycles and recreational motorbikes is on the rise, driven by environmental consciousness and the desire for leisure activities. Fiji's geography and infrastructure, along with improving economic conditions and government initiatives, are key factors contributing to the market's development.

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.