Off-road Motorcycles - Argentina

Argentina

Highlights

The Off-road Motorcycles market segment in Argentina is expected to generate a revenue of US$429.30m in 2024.
This market segment is projected to experience a steady annual growth rate (CAGR 2024-2029) of 3.47%, resulting in a market volume of US$509.20m by 2029.
Furthermore, it is anticipated that the unit sales of Off-road Motorcycles market in Argentina will reach 88.11k motorcyles by 2029.
In terms of pricing, the volume weighted average price of Off-road Motorcycles market in Argentina is estimated to be US$5.69k in 2024.
When considering the international perspective, it is noteworthy that Brazil is expected to generate the highest revenue in this segment with US$1.36bn in 2024.
Argentina's off-road motorcycle market is experiencing a surge in demand, driven by the country's vast and diverse terrain and a growing interest in adventurous outdoor activities.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Argentina has been experiencing significant growth in recent years.

Customer preferences: In Argentina, there is a growing demand for off-road motorcycles due to the country's diverse and rugged terrain. Many customers prefer off-road motorcycles for recreational purposes, as they offer an exciting and adventurous way to explore the country's natural landscapes. Additionally, off-road motorcycles are also popular among motorcycle enthusiasts who participate in off-road racing events.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Argentina is the increasing popularity of electric off-road motorcycles. As the global trend towards sustainability and environmental consciousness continues to grow, more customers in Argentina are opting for electric off-road motorcycles. These motorcycles offer a cleaner and quieter alternative to traditional gasoline-powered vehicles, making them appealing to environmentally conscious consumers. Another trend in the market is the rise of off-road motorcycle tours and experiences. Tour operators in Argentina are capitalizing on the country's beautiful landscapes and offering guided off-road motorcycle tours to both domestic and international tourists. This trend has contributed to the growth of the market as more people are seeking unique and adventurous experiences while exploring the country.

Local special circumstances: Argentina's vast and diverse terrain is a special circumstance that contributes to the development of the Off-road Motorcycles market. The country offers a wide range of off-road riding opportunities, including mountains, deserts, forests, and riverbeds. This diversity attracts off-road motorcycle enthusiasts who are looking for different types of terrains to ride on. Additionally, the country's favorable climate allows for year-round off-road riding, further boosting the market.

Underlying macroeconomic factors: The growth of the Off-road Motorcycles market in Argentina can be attributed to several underlying macroeconomic factors. Firstly, the country's improving economic conditions have increased disposable income levels, allowing more people to afford off-road motorcycles. Additionally, the government's efforts to promote tourism have led to an increase in both domestic and international tourists, contributing to the demand for off-road motorcycle tours and experiences. Furthermore, the availability of financing options and the expansion of off-road motorcycle dealerships across the country have made it easier for customers to purchase off-road motorcycles. In conclusion, the Off-road Motorcycles market in Argentina is experiencing growth due to customer preferences for adventurous and recreational activities, the popularity of electric off-road motorcycles, the rise of off-road motorcycle tours, the country's diverse terrain, and favorable macroeconomic factors. As these trends continue to develop, the market is expected to further expand 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.