Off-road Motorcycles - Burkina Faso

Burkina Faso

Highlights

In 2024, the Off-road Motorcycles market segment in Burkina Faso is expected to achieve a revenue of US$16.87m.
Looking ahead, this market segment is projected to experience an annual growth rate of 1.04% (CAGR 2024-2029), resulting in a market volume of US$17.76m by 2029.
By that time, the unit sales of Off-road Motorcycles market are estimated to reach 3.72k motorcyles.
The volume weighted average price of Off-road Motorcycles market in 2024 is expected to be US$4.69k.
In terms of international market performance, Brazil is anticipated to generate the highest revenue of US$1.36bn in 2024.
Despite the challenging terrain and limited resources, Burkina Faso's off-road motorcycle market is steadily growing due to the country's passion for adventure and exploration.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Burkina Faso is experiencing steady growth due to several key factors. Customer preferences for off-road motorcycles, along with local special circumstances and underlying macroeconomic factors, are driving the development of this market.

Customer preferences: In Burkina Faso, there is a growing interest in off-road motorcycles among both recreational riders and professionals. The rugged terrain and diverse landscapes in the country make off-road motorcycles a popular choice for exploring the countryside and participating in off-road racing events. Customers prefer off-road motorcycles that are durable, lightweight, and equipped with powerful engines to handle the challenging terrains of Burkina Faso.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Burkina Faso is the increasing demand for electric off-road motorcycles. As the global trend towards sustainability and environmental consciousness grows, consumers in Burkina Faso are also seeking more eco-friendly alternatives. Electric off-road motorcycles offer a quieter and cleaner riding experience, without the noise and emissions associated with traditional gasoline-powered motorcycles. Another trend in the market is the rising popularity of off-road motorcycle tours and adventure tourism. Tourists visiting Burkina Faso are increasingly interested in exploring the country's natural beauty and cultural heritage on off-road motorcycles. This has led to the emergence of tour operators and rental services catering specifically to off-road motorcycle enthusiasts, further driving the demand for off-road motorcycles in the country.

Local special circumstances: Burkina Faso's diverse landscapes, including mountains, deserts, and savannahs, provide ample opportunities for off-road motorcycle enthusiasts. The country's off-road racing events, such as the annual Faso Cross, attract participants and spectators from both within the country and internationally. The presence of these events and the availability of off-road tracks and trails contribute to the growth of the Off-road Motorcycles market in Burkina Faso.

Underlying macroeconomic factors: The economic growth and increasing disposable income in Burkina Faso have played a significant role in the development of the Off-road Motorcycles market. As more individuals and families have the means to afford recreational vehicles, the demand for off-road motorcycles has increased. Additionally, the government's investment in infrastructure development, including the construction of new roads and trails, has further facilitated the growth of the Off-road Motorcycles market in Burkina Faso. In conclusion, the Off-road Motorcycles market in Burkina Faso is developing due to customer preferences for durable and powerful motorcycles, the increasing demand for eco-friendly alternatives, the rising popularity of off-road motorcycle tours, the country's diverse landscapes and off-road racing events, and the underlying macroeconomic factors such as economic growth and infrastructure development.

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.