Off-road Motorcycles - Brazil

Brazil

Highlights

The Off-road Motorcycles market segment in Brazil is expected to generate a revenue of US$1.36bn in 2024.
Looking ahead, it is projected to experience a steady annual growth rate (CAGR 2024-2029) of 8.61%, reaching a market volume of US$2.06bn by 2029.
By that time, unit sales in the Off-road Motorcycles market segment are forecasted to reach 543.20k motorcyles.
In 2024, the volume weighted average price of Off-road Motorcycles market is expected to be US$3.60k.
This data highlights Brazil as the country with the highest revenue in the Off-road Motorcycles market segment, amounting to US$1.36bn in 2024.
Brazil's off-road motorcycle market is experiencing a surge in popularity, driven by the country's vast and diverse terrain, attracting both local enthusiasts and international adventurers.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Brazil has been experiencing significant growth in recent years, driven by customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Brazil have played a key role in the development of the Off-road Motorcycles market. Brazilians have a strong passion for outdoor activities and adventure sports, making off-road motorcycling a popular choice among enthusiasts. The rugged terrains and diverse landscapes in Brazil provide ample opportunities for off-road riding, attracting both professional riders and recreational users. Additionally, the affordability and versatility of off-road motorcycles make them an attractive option for individuals looking for an adrenaline-fueled outdoor experience. Trends in the market have also contributed to the growth of the Off-road Motorcycles market in Brazil. The increasing popularity of off-road events and competitions, such as motocross and enduro races, has created a strong demand for off-road motorcycles. These events not only serve as a platform for riders to showcase their skills but also attract a large audience of spectators who are interested in the sport. Furthermore, the rise of social media and online communities has facilitated the sharing of off-road riding experiences and information, creating a sense of community among enthusiasts and further fueling the market. Local special circumstances in Brazil have also played a role in the development of the Off-road Motorcycles market. The country's vast and diverse geography, including the Amazon rainforest, the Pantanal wetlands, and the Serra do Mar mountains, offers a wide range of terrains for off-road riding. This diversity attracts riders from all over the country and even from abroad, contributing to the growth of the market. Additionally, Brazil's warm climate allows for year-round riding, further enhancing the appeal of off-road motorcycles. Underlying macroeconomic factors have also influenced the growth of the Off-road Motorcycles market in Brazil. The country's improving economic conditions and rising disposable incomes have led to an increase in consumer spending on leisure activities, including off-road motorcycling. Additionally, the government's efforts to promote tourism and develop infrastructure in rural areas have created new opportunities for off-road riding, further driving the market. In conclusion, the Off-road Motorcycles market in Brazil has experienced significant growth due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The passion for outdoor activities, the popularity of off-road events, the diverse geography, and the improving economic conditions have all contributed to the development of the market. As these factors continue to evolve, the Off-road Motorcycles market in Brazil 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.