Motorcycles - LATAM
LATAM- Revenue in the Motorcycles market in LATAM is projected to reach US$18.08bn in 2024.
- The market is expected to show an annual growth rate (CAGR 2024-2029) of 5.59%, resulting in a projected market volume of US$23.73bn by 2029.
- The largest segment in the market is On-road Motorcycles with a projected market volume of US$12.40bn in 2024.
- Unit sales of Motorcycles market in LATAM are expected to reach 5.73m motorcyles in 2029.
- The volume weighted average price of Motorcycles market in the region in 2024 is expected to be US$3.96k.
- With a motorcycle unit sales share of 35.2% in 2024, [volumeBrandCurrentYearValue] is expected to have the highest market share in the selected region.
- The value market share of the make 35.2% in the selected region is expected to be 35.2% in 2024.
- From an international perspective, it is shown that the most revenue will be generated India ( US$32.11bn in 2024).
- The LATAM motorcycle market is experiencing a surge in demand for electric motorcycles, driven by increasing environmental consciousness and government initiatives to promote sustainable transportation.
- Key regions:
- Thailand,
- Italy,
- Indonesia,
- Spain,
- Germany
The Motorcycles Market provides information about motorcycles and their respective makes. It excludes passenger cars, commercial cars, buses, trucks and large vans as well as utility light utility vehicles. We currently provide information on a make level, but in the future, we would expand our market segmentation to include a segmentation by usage or motorcycle capacity.
Background:
The motorcycle industry’s sales are closely connected to economic stability, and dramatic fluctuations, like the financial crisis of the late 2000s, force manufactures to reexamine their strategies and adapt to new market trends. One additional factor that is currently driving changes in the industry is environmental concerns, and this is influencing an increase in the production and use of electric motorcycles.
In-Scope
- Motorcycles
- Scooters
- Mopeds > 50cc
Out-Of-Scope
- Mopeds < 50cc
- Buses, Vans and Trucks
