Motorcycles - Mauritius

Mauritius

The Motorcycles market in Mauritius is projected to reach a revenue of US$1.73m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 1.78%, resulting in a projected market volume of US$1.89m by 2029.
The largest segment in this market is On-road Motorcycles, with a projected market volume of US$1.10m in 2024.
The unit sales of Motorcycles market in Mauritius are expected to reach 646.00motorcyles by 2029.
The volume weighted average price of Motorcycles market in the country is expected to be US$2.87k in 2024.
In terms of market share, Other is expected to have the highest share in Mauritius with a motorcycle unit sales share of 31.2% in 2024.
The value market share of Other in the country is projected to be 36.3% in the same year.
From an international perspective, it is shown that India will generate the most revenue in the Motorcycles market, with US$32,110.00m in 2024.
Mauritius is experiencing a surge in demand for electric motorcycles, driven by the government's push for sustainable transportation solutions.

Key regions: Thailand, Italy, Indonesia, Spain, Germany

Market

Make

Region

Region comparison

Currency

Analyst Opinion

The Motorcycles market in Mauritius has been experiencing steady growth in recent years. Customer preferences in the market are shifting towards more fuel-efficient and eco-friendly motorcycles. In addition, the government has implemented policies and regulations to promote the use of motorcycles as a means of transportation.

Customer preferences: In Mauritius, customers are increasingly choosing motorcycles as their preferred mode of transportation. This can be attributed to several factors. Firstly, motorcycles are more fuel-efficient compared to cars, making them a cost-effective option for daily commuting. Secondly, motorcycles are easier to maneuver in the country's congested urban areas, where traffic can be a major issue. Finally, motorcycles offer a sense of freedom and flexibility to riders, allowing them to navigate through the city quickly and efficiently.

Trends in the market: One of the key trends in the motorcycles market in Mauritius is the growing demand for electric motorcycles. As the government aims to reduce carbon emissions and promote sustainable transportation, there has been a significant increase in the adoption of electric motorcycles. These motorcycles offer zero-emission transportation and are seen as a more environmentally friendly alternative to traditional gasoline-powered motorcycles. The demand for electric motorcycles is expected to continue to rise in the coming years. Another trend in the market is the increasing popularity of motorcycles for recreational purposes. Mauritius is known for its scenic beauty and favorable weather conditions, making it an ideal destination for motorcycle enthusiasts. Many tourists and locals alike are opting to explore the island on motorcycles, leading to a rise in the demand for motorcycles designed for off-road and adventure riding.

Local special circumstances: Mauritius has a unique geography and road infrastructure that contributes to the growth of the motorcycles market. The island has a mix of urban areas and rural regions, with varying road conditions. Motorcycles are well-suited for navigating through the narrow streets of the cities as well as the rugged terrains in the countryside. Additionally, the warm climate of Mauritius allows for year-round motorcycle riding, further driving the demand for motorcycles.

Underlying macroeconomic factors: The growing motorcycles market in Mauritius can also be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. This has resulted in a higher purchasing power and a greater demand for motorcycles as a mode of transportation. Furthermore, the government of Mauritius has implemented policies and regulations to support the growth of the motorcycles market. This includes providing incentives for the purchase of electric motorcycles and promoting the development of charging infrastructure. These initiatives have created a favorable environment for the motorcycles industry to thrive. In conclusion, the motorcycles market in Mauritius is developing due to shifting customer preferences towards fuel-efficient and eco-friendly transportation options. The demand for electric motorcycles is on the rise, driven by government policies promoting sustainable transportation. Additionally, the unique geography and road infrastructure of Mauritius, along with favorable macroeconomic factors, contribute to the growth of the motorcycles market in the country.

Methodology

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.