Off-road Motorcycles - Egypt

Egypt

In 2024, the Off-road Motorcycles market segment in Egypt is projected to reach a revenue of US$190.20m.
Looking ahead, it is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 0.91%, resulting in a projected market volume of US$199.00m by 2029.
The unit sales of Off-road Motorcycles market segment in Egypt are expected to reach 42.06k motorcyles by 2029.
In terms of pricing, the volume weighted average price of Off-road Motorcycles market segment in Egypt is projected to be US$4.59k in 2024.
From an international perspective, it is noteworthy that Brazil is expected to generate the highest revenue in the Off-road Motorcycles market segment, reaching US$1,364.00m in 2024.
Egypt's off-road motorcycle market is experiencing a surge in demand as enthusiasts seek adventure in the country's diverse and challenging terrains.

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

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Analyst Opinion

The Off-road Motorcycles market in Egypt has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In Egypt, there is a growing demand for off-road motorcycles due to their versatility and ability to navigate rough terrains. Off-road motorcycles are popular among adventure enthusiasts and outdoor enthusiasts who enjoy exploring Egypt's diverse landscape, including deserts, mountains, and coastal areas. Additionally, off-road motorcycles are also used for recreational purposes, such as off-road racing and motocross events, which have gained popularity among the younger population.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Egypt is the increasing popularity of electric off-road motorcycles. As the world shifts towards more sustainable and eco-friendly transportation options, the demand for electric motorcycles has been on the rise. This trend is also reflected in Egypt, where consumers are becoming more conscious of the environmental impact of their vehicles. Electric off-road motorcycles offer a cleaner and quieter alternative to traditional gasoline-powered motorcycles, making them an attractive choice for environmentally conscious consumers. Another trend in the market is the growing adoption of advanced technology in off-road motorcycles. Manufacturers are incorporating features such as GPS navigation systems, advanced suspension systems, and traction control to enhance the riding experience and improve safety. These technological advancements not only attract customers who value innovation but also contribute to the overall growth of the market.

Local special circumstances: Egypt's diverse landscape and favorable weather conditions make it an ideal destination for off-road motorcycle enthusiasts. The country offers a wide range of terrains, including deserts, mountains, and coastal areas, providing ample opportunities for off-road adventures. The availability of off-road trails, motocross tracks, and organized off-road events further contribute to the popularity of off-road motorcycles in Egypt.

Underlying macroeconomic factors: The growth of the Off-road Motorcycles market in Egypt can also be attributed to underlying macroeconomic factors. The country has been experiencing economic stability in recent years, with a growing middle class and increasing disposable incomes. As a result, more people are able to afford off-road motorcycles and are willing to invest in recreational vehicles for their leisure activities. Additionally, the government's efforts to promote tourism and outdoor activities have also had a positive impact on the off-road motorcycles market. In conclusion, the Off-road Motorcycles market in Egypt is developing due to customer preferences for versatile and adventurous vehicles, the adoption of advanced technology, the availability of diverse terrains, and favorable macroeconomic factors. As the market continues to grow, it is likely that we will see further advancements in technology, increased demand for electric off-road motorcycles, and a greater emphasis on sustainability.

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.