Off-road Motorcycles - Central Africa

Central Africa

The Central African market segment of Off-road Motorcycles market is projected to witness a substantial growth in revenue, with an estimated figure of US$40.93m by the year 2024.
Furthermore, this revenue is expected to exhibit a steady annual growth rate of 0.97% from 2024 to 2029, resulting in a projected market volume of US$42.96m by the end of the forecast period.
In line with this growth, the unit sales of Off-road Motorcycles market are anticipated to reach a significant figure of 9.29k motorcyles units in 2029.
Additionally, it is worth noting that the volume weighted average price of Off-road Motorcycles market in the Central African market segment is expected to be around US$4.54k in the year 2024.
Looking at the international market, Brazil is projected to generate the highest revenue in the Off-road Motorcycles market segment, amounting to a staggering US$1,364.00m in the year 2024.
This signifies the significant potential of the Brazilian market in this industry.
Central Africa's off-road motorcycle market is experiencing a surge in demand due to the region's rugged terrain and growing interest in adventure tourism.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Off-road Motorcycles market in Central Africa is experiencing steady growth and development due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Central Africa are driving the demand for off-road motorcycles. The region has a rich landscape with diverse terrains, including forests, mountains, and deserts, which make off-roading popular among adventure enthusiasts. Additionally, off-road motorcycles are often used for transportation purposes in rural areas with limited road infrastructure. The durability and versatility of these motorcycles make them a preferred choice for navigating through challenging terrains. Trends in the market indicate a growing interest in off-road motorcycling in Central Africa. The region is witnessing an increase in recreational activities and tourism, leading to a higher demand for off-road motorcycles. Furthermore, there is a rise in off-road racing events and competitions, which has created a niche market for specialized off-road motorcycles. The availability of off-road motorcycle clubs and communities has also contributed to the growth of the market, as enthusiasts come together to share their passion for off-roading. Local special circumstances in Central Africa further contribute to the development of the off-road motorcycles market. The region has a young and growing population, with a significant portion residing in rural areas. Off-road motorcycles provide a cost-effective and efficient mode of transportation in these areas, where road infrastructure is limited. Additionally, the affordability of off-road motorcycles compared to other motorized vehicles makes them accessible to a wider population. Underlying macroeconomic factors also play a role in the growth of the off-road motorcycles market in Central Africa. Economic stability and increasing disposable incomes have led to a rise in consumer spending on recreational activities and leisure products. As the middle class expands, more individuals are able to afford off-road motorcycles for both recreational and transportation purposes. Furthermore, improvements in trade and logistics infrastructure have made it easier for manufacturers to distribute and sell off-road motorcycles in the region. In conclusion, the Off-road Motorcycles market in Central Africa is developing due to customer preferences for adventure and transportation, market trends in recreational activities and off-road racing, local special circumstances such as limited road infrastructure and affordability, and underlying macroeconomic factors including economic stability and increasing disposable incomes. This growth is expected to continue as more individuals in the region embrace off-road motorcycling for both leisure and practical purposes.

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.