Motorcycles - New Zealand

New Zealand

Highlights

In 2024, the revenue in the Motorcycles market of New Zealand is projected to reach US$93.05m.
It is expected to show an annual growth rate of 1.27% (CAGR 2024-2029), resulting in a projected market volume of US$99.13m by 2029.
The largest segment in this market is On-road Motorcycles, which is projected to have a market volume of US$75.13m in 2024.
The unit sales of Motorcycles market in New Zealand are expected to reach 8.40k motorcyles by 2029.
The volume weighted average price of Motorcycles market in 2024 is projected to be US$11.74k.
In 2024, Honda Motorcycles is expected to have the highest market share in New Zealand with a motorcycle unit sales share of 16.1%.
The value market share of Honda Motorcycles in New Zealand is projected to be 15.0% in 2024.
From an international perspective, it is shown that the most revenue will be generated India, with an estimated revenue of US$32.11bn in 2024.
New Zealand's motorcycle market is experiencing a surge in demand for electric bikes, driven by the country's commitment to sustainability and eco-friendly transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in New Zealand has been experiencing steady growth in recent years, driven by several key factors. Customer preferences have played a significant role in shaping the market, with consumers increasingly opting for motorcycles as a mode of transportation. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in New Zealand have shifted towards motorcycles for various reasons. One key factor is the increasing cost of fuel, prompting consumers to seek more fuel-efficient alternatives. Motorcycles offer a more economical option, allowing individuals to save on fuel costs while still enjoying the freedom of personal transportation. Furthermore, motorcycles are often favored for their maneuverability and ease of navigation in congested urban areas. This has made them particularly popular among city dwellers looking for convenient and efficient transportation options. Trends in the market reflect these changing customer preferences. Sales of motorcycles in New Zealand have been steadily increasing, with a growing number of individuals opting to purchase these vehicles. This trend is expected to continue as more consumers recognize the benefits of motorcycles in terms of cost savings and convenience. Additionally, there has been a rise in the popularity of electric motorcycles, driven by a growing awareness of environmental issues and a desire for more sustainable transportation options. Local special circumstances in New Zealand have also contributed to the development of the motorcycles market. The country's diverse landscape, with its winding roads and scenic routes, makes it an ideal location for motorcycle enthusiasts. The popularity of motorcycle tourism has grown, attracting both domestic and international riders to explore the country's natural beauty on two wheels. This has further stimulated the demand for motorcycles in the local market. Underlying macroeconomic factors have also played a role in the growth of the motorcycles market in New Zealand. The country's strong economy and low unemployment rate have provided individuals with the financial means to purchase motorcycles. Additionally, favorable lending conditions and competitive pricing have made motorcycles more accessible to a wider range of consumers. These factors, combined with the aforementioned customer preferences and local special circumstances, have created a favorable environment for the development of the motorcycles market in New Zealand. In conclusion, the motorcycles market in New Zealand is experiencing steady growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Consumers are increasingly choosing motorcycles as a cost-effective and convenient mode of transportation, while the country's diverse landscape and growing motorcycle tourism industry further drive demand. With a strong economy and favorable lending conditions, the market is expected to continue its upward trajectory in the coming years.

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.