Off-road Motorcycles - Austria

Austria

The Off-road Motorcycles market segment in Austria is expected to witness significant revenue growth in the coming years.
By 2024, the projected revenue in this market segment is estimated to reach US$131.10m.
This positive trend is further expected to continue, with an annual growth rate (CAGR 2024-2029) of 6.28%.
As a result, the projected market volume of Off-road Motorcycles market in Austria is anticipated to reach US$177.80m by 2029.
In terms of unit sales, the Off-road Motorcycles market segment is projected to reach 19.27k motorcyles units by 2029.
This indicates a promising market demand for these vehicles in Austria.
The volume weighted average price of Off-road Motorcycles market in Austria is expected to be US$8.99k in the year 2024.
This price reflects the average value of these motorcycles in the market.
From an international perspective, it is noteworthy that Brazil is expected to generate the highest revenue in the Off-road Motorcycles market segment.
In 2024, the projected revenue Brazil is estimated to reach US$1,364.00m.
This highlights the significant market potential Brazil for Off-road Motorcycles market.
Overall, the Off-road Motorcycles market segment in Austria is poised for growth, with projected revenue, market volume, and unit sales indicating a positive outlook for the future.
Austria's off-road motorcycle market is experiencing a surge in popularity, with an increasing number of enthusiasts seeking adrenaline-fueled adventures in the country's breathtaking alpine landscapes.

Key regions: Germany, Italy, United States, Portugal, Spain

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Analyst Opinion

The Off-road Motorcycles market in Austria has been experiencing steady growth in recent years, driven by customer preferences for outdoor recreational activities and the country's unique terrain.

Customer preferences: Austrian customers have shown a strong preference for outdoor activities and adventure sports, which has contributed to the growth of the Off-road Motorcycles market. The country's diverse landscape, with its mountains, forests, and lakes, provides ample opportunities for off-road riding. Additionally, the popularity of off-road motorcycle events and competitions has further fueled the demand for these vehicles.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Austria is the increasing popularity of electric off-road motorcycles. With a growing emphasis on sustainability and environmental consciousness, customers are opting for electric vehicles that offer a cleaner and quieter riding experience. This trend has been supported by advancements in battery technology, which have improved the performance and range of electric off-road motorcycles. Another trend in the market is the rising demand for off-road motorcycles with advanced features and technologies. Customers are seeking motorcycles with enhanced suspension systems, improved traction control, and advanced navigation systems to enhance their riding experience. Manufacturers are responding to this demand by incorporating these features into their off-road motorcycle models, thereby driving sales.

Local special circumstances: The unique terrain and natural beauty of Austria make it an ideal destination for off-road motorcycle enthusiasts. The country's mountainous regions, such as the Austrian Alps, offer challenging trails and breathtaking views, attracting riders from both within the country and abroad. The presence of well-maintained off-road trails and designated riding areas also contributes to the popularity of off-road motorcycles in Austria.

Underlying macroeconomic factors: The growth of the Off-road Motorcycles market in Austria is also influenced by macroeconomic factors. The country has a strong economy and a high standard of living, which enables consumers to afford recreational vehicles such as off-road motorcycles. Additionally, the tourism industry in Austria plays a significant role in driving the demand for off-road motorcycles, as tourists often seek adventure activities during their visits. In conclusion, the Off-road Motorcycles market in Austria is experiencing growth due to customer preferences for outdoor activities, the popularity of off-road motorcycle events, and the country's unique terrain. The market is also influenced by trends such as the increasing demand for electric off-road motorcycles and motorcycles with advanced features. The local special circumstances, including the diverse landscape and well-maintained trails, further contribute to the market's growth. Additionally, macroeconomic factors such as a strong economy and a thriving tourism industry play a role in driving the demand for off-road motorcycles in Austria.

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.