Off-road Motorcycles - Africa

Africa

Highlights

In Africa, the Off-road Motorcycles market segment is set to experience significant revenue growth.
By 2024, it is projected to reach a staggering US$1.12bn.
Looking ahead, the segment is expected to maintain a steady annual growth rate of 1.43% from 2024 to 2029.
This trajectory will result in a market volume of approximately US$1.21bn by 2029.
Furthermore, the unit sales of Off-road Motorcycles market in Africa are estimated to reach 318.90k motorcyles by 2029.
This indicates a strong demand for these vehicles in the region.
When we consider the pricing aspect, the volume weighted average price of Off-road Motorcycles market in Africa is forecasted to be US$3.75k in 2024.
This figure reflects the average price at which these motorcycles are expected to be sold.
From an international perspective, it is worth noting that Brazil is expected to generate the highest revenue in the Off-road Motorcycles market segment, reaching an impressive US$1.36bn in 2024.
This showcases the significance of the Brazilian market in this industry.
In South Africa, the off-road motorcycle market is experiencing a surge in popularity due to the country's diverse and challenging terrain.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Africa has been experiencing significant growth in recent years. Customer preferences in the Off-road Motorcycles market in Africa have been influenced by several factors. Firstly, there is a growing interest in outdoor recreational activities and adventure sports across the continent. Off-road motorcycles provide an exciting and thrilling experience for enthusiasts who enjoy exploring off-the-beaten-path terrains. Additionally, the affordability of off-road motorcycles compared to other recreational vehicles such as cars or boats makes them an attractive option for many African consumers. Trends in the Off-road Motorcycles market in Africa indicate a shift towards more environmentally-friendly and sustainable options. With increasing concerns about climate change and environmental conservation, consumers are seeking off-road motorcycles that have lower emissions and are more fuel-efficient. This trend is also driven by stricter environmental regulations in some African countries, which encourage the adoption of cleaner technologies in the automotive industry. Local special circumstances play a significant role in the development of the Off-road Motorcycles market in Africa. The continent's diverse landscapes, ranging from deserts to forests, provide ample opportunities for off-road riding. This, coupled with a relatively young population and a growing middle class, has created a favorable market for off-road motorcycles. Additionally, the presence of off-road racing events and clubs in some African countries has contributed to the popularity of off-road motorcycles among enthusiasts. Underlying macroeconomic factors also contribute to the growth of the Off-road Motorcycles market in Africa. Economic development and rising disposable incomes in many African countries have led to an increase in consumer spending on recreational activities. As more people can afford to purchase off-road motorcycles, the market has expanded. Furthermore, improvements in infrastructure, such as the construction of off-road trails and parks, have made it easier for consumers to engage in off-road riding. In conclusion, the Off-road Motorcycles market in Africa is developing due to customer preferences for outdoor recreational activities, a shift towards more sustainable options, local special circumstances such as diverse landscapes and the presence of racing events, and underlying macroeconomic factors such as economic development and improved infrastructure. As these trends continue to shape the market, it is expected that the Off-road Motorcycles market in Africa will continue to grow 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.