Off-road Motorcycles - Angola

Angola

Highlights

In Angola, the Off-road Motorcycles market segment is expected to generate a revenue of US$28.06m in 2024.
This market is projected to experience a steady annual growth rate (CAGR 2024-2029) of 1.53%, resulting in a market volume of US$30.27m by 2029.
By that year, unit sales for the Off-road Motorcycles market segment in Angola are expected to reach 6.48k motorcyles.
The volume weighted average price for Off-road Motorcycles market in Angola is projected to be US$4.56k in 2024.
In terms of international comparison, Brazil is expected to generate the highest revenue in the Off-road Motorcycles market segment, reaching US$1.36bn in 2024.
Angola's off-road motorcycle market is experiencing a surge in demand due to the country's vast and diverse terrain, attracting adventure-seeking riders.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Angola is experiencing significant growth due to various factors.

Customer preferences: Angolan customers are increasingly showing a preference for off-road motorcycles due to their versatility and ability to navigate through different terrains. These motorcycles are popular among adventure enthusiasts, off-road racers, and individuals who live in rural areas with limited road infrastructure. The demand for off-road motorcycles is also driven by the desire for recreational activities and the growing popularity of motorsports in Angola.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Angola is the increasing adoption of electric off-road motorcycles. This trend is in line with the global shift towards electric vehicles and the growing concern for environmental sustainability. Electric off-road motorcycles offer several advantages, including reduced noise pollution, lower maintenance costs, and zero emissions. As the technology continues to improve and the availability of charging infrastructure increases, the demand for electric off-road motorcycles is expected to further rise in Angola. Another trend in the market is the introduction of advanced features and technologies in off-road motorcycles. Manufacturers are incorporating features such as traction control, adjustable suspension, and electronic fuel injection systems to enhance the performance and riding experience. These advancements are attracting customers who are looking for motorcycles with better handling, improved safety features, and increased power.

Local special circumstances: Angola's vast and diverse landscape with its rugged terrains and challenging road conditions make off-road motorcycles a practical choice for transportation. The country has a significant rural population that relies on motorcycles for commuting and transportation of goods. Off-road motorcycles provide the necessary durability and maneuverability to navigate through rough terrains, making them ideal for the local conditions.

Underlying macroeconomic factors: The Off-road Motorcycles market in Angola is also influenced by macroeconomic factors such as income levels and government policies. As the country's economy continues to grow and disposable incomes increase, more individuals are able to afford off-road motorcycles. Additionally, the government's efforts to improve infrastructure and promote tourism have contributed to the growth of the off-road motorcycle market. The development of off-road trails and adventure tourism destinations has created a demand for off-road motorcycles among both locals and tourists. In conclusion, the Off-road Motorcycles market in Angola is witnessing growth due to customer preferences for versatile and durable motorcycles, the adoption of electric off-road motorcycles, the introduction of advanced features, and the local special circumstances of Angola's landscape. The underlying macroeconomic factors of income levels and government policies also play a significant role in driving the market growth.

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.