Motorcycles - Malta

Malta

Highlights

The Motorcycles market in Malta is projected to reach a revenue of US$1.65m in 2024.
It is expected to show an annual growth rate of 0.76% (CAGR 2024-2029), resulting in a projected market volume of US$1.71m by 2029.
The largest segment in the market is On-road Motorcycles, with a projected market volume of US$1.28m in 2024.
The unit sales of Motorcycles market in Malta are expected to reach 140.00motorcyles by 2029.
The volume weighted average price of Motorcycles market in 2024 is projected to be US$12.22k.
Honda Motorcycles is expected to have the highest market share in the selected region, with a motorcycle unit sales share of 12.6% in 2024.
The value market share of Honda Motorcycles in the selected region is expected to stand at 12.7% in 2024.
From an international perspective, it is shown that the most revenue will be generated India, with US$32.11bn in 2024.
The demand for electric motorcycles in Malta is on the rise due to the country's push for sustainable transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Malta has witnessed significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Motorcycles market in Malta have shifted towards more fuel-efficient and environmentally friendly options. With rising concerns about climate change and increasing fuel prices, consumers are opting for motorcycles that offer better fuel efficiency and lower emissions. This trend is also influenced by the growing popularity of electric motorcycles, which provide a cleaner and more sustainable mode of transportation. In addition to fuel efficiency, customers in Malta are also prioritizing safety features in motorcycles. The demand for motorcycles with advanced safety technologies such as anti-lock braking systems (ABS), traction control, and stability control has been on the rise. This is driven by the increasing awareness about road safety and the desire to minimize the risk of accidents. Trends in the Motorcycles market in Malta are also influenced by global and regional market dynamics. For instance, the growing popularity of adventure touring motorcycles has been observed worldwide, and this trend has also made its way to Malta. Adventure touring motorcycles are designed for long-distance travel and off-road adventures, offering a combination of comfort, versatility, and performance. The demand for these motorcycles has been fueled by the desire for exploration and adventure among consumers. Local special circumstances in Malta have also played a role in the development of the Motorcycles market. The small size of the country and the availability of well-maintained roads make motorcycles a convenient mode of transportation for many Maltese residents. Motorcycles offer the advantage of maneuverability in traffic and ease of parking, making them a practical choice for commuting in urban areas. Underlying macroeconomic factors have further contributed to the growth of the Motorcycles market in Malta. The country has experienced steady economic growth in recent years, leading to increased disposable income among consumers. This has resulted in a higher purchasing power, allowing more individuals to afford motorcycles. Additionally, the tourism industry in Malta has been thriving, attracting visitors who may choose to rent motorcycles for exploring the country during their stay. In conclusion, the Motorcycles market in Malta is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for fuel-efficient and environmentally friendly motorcycles, as well as those with advanced safety features, has been on the rise. The popularity of adventure touring motorcycles and the practicality of motorcycles in Malta's small size have also contributed to market growth. The steady economic growth and thriving tourism industry have further supported the development of the Motorcycles market in Malta.

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.