The Motorcycles market in Israel has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.
Customer preferences: Customer preferences in the Motorcycles market in Israel have been shifting towards more eco-friendly and fuel-efficient options. This can be attributed to increasing environmental awareness among consumers and the desire to reduce carbon emissions. As a result, there has been a growing demand for electric motorcycles and scooters in the country. Additionally, customers are also looking for motorcycles with advanced safety features and innovative technology, such as GPS navigation systems and smartphone integration.
Trends in the market: One of the key trends in the Motorcycles market in Israel is the rise of ride-sharing services using motorcycles. This trend has gained popularity due to the convenience and cost-effectiveness it offers. Ride-sharing companies have capitalized on this trend by providing easy access to motorcycles for short-distance travel within cities. This has not only increased the overall demand for motorcycles but has also opened up new opportunities for manufacturers and dealerships. Another trend in the market is the growing popularity of off-road motorcycles and adventure touring bikes. Israel is known for its diverse terrain, including mountains, deserts, and forests, which makes it an ideal destination for off-road enthusiasts. As a result, there has been an increased demand for motorcycles that can handle rough terrains and provide a thrilling riding experience. Manufacturers have responded to this trend by introducing models specifically designed for off-road adventures.
Local special circumstances: Israel's small size and well-developed infrastructure make motorcycles a practical mode of transportation for many people. The country has a dense road network, and motorcycles offer a convenient way to navigate through traffic and reach destinations quickly. Additionally, the relatively mild climate in Israel allows for year-round motorcycle riding, further contributing to the demand for motorcycles.
Underlying macroeconomic factors: The Motorcycles market in Israel is also influenced by underlying macroeconomic factors. The country has a strong economy and a high standard of living, which enables consumers to afford motorcycles as a luxury or recreational item. Furthermore, the government has implemented favorable policies and regulations to promote the use of motorcycles, such as providing subsidies for electric motorcycles and reducing import taxes on motorcycles. In conclusion, the Motorcycles market in Israel is developing in response to changing customer preferences, emerging trends, and local special circumstances. The increasing demand for eco-friendly and fuel-efficient options, the rise of ride-sharing services, and the popularity of off-road motorcycles are some of the key factors driving the growth of the market. Additionally, Israel's small size, well-developed infrastructure, and favorable government policies contribute to the increasing demand for motorcycles in the country.
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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