Off-road Motorcycles - Gambia

  • Gambia
  • In 2024, the projected revenue in the Off-road Motorcycles market segment in Gambia is estimated to reach US$0.79m.
  • Looking ahead, there is an expected annual growth rate (CAGR 2024-2029) of 0.00%, which would result in a projected market volume of US$0.79m by 2029.
  • By that time, unit sales in the Off-road Motorcycles market segment are anticipated to reach 173.00motorcyles.
  • Furthermore, the volume weighted average price of Off-road Motorcycles market in Gambia is expected to be US$4.51k in 2024.
  • It is worth noting that, from an international perspective, Brazil is projected to generate the highest revenue in the Off-road Motorcycles market segment, amounting to US$1,364.00m in 2024.
  • Off-road motorcycling in Gambia is gaining popularity among adventure enthusiasts due to its diverse terrain and scenic landscapes.

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

 
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Analyst Opinion

The Off-road Motorcycles market in Gambia is experiencing steady growth due to the increasing popularity of outdoor recreational activities and the demand for off-road vehicles.

Customer preferences:
Customers in Gambia are increasingly drawn to off-road motorcycles for their versatility and ability to navigate rough terrains. These motorcycles are designed to withstand challenging conditions, making them ideal for adventurous individuals who enjoy exploring the country's diverse landscapes. Additionally, off-road motorcycles are favored by sports enthusiasts who participate in motocross and other off-road racing events.

Trends in the market:
One of the key trends in the Off-road Motorcycles market in Gambia is the rising demand for electric off-road motorcycles. This is in line with the global shift towards environmentally friendly transportation options. Electric off-road motorcycles offer several advantages, including reduced noise pollution, lower maintenance costs, and zero emissions. As the technology continues to improve, more customers in Gambia are opting for electric off-road motorcycles as a sustainable alternative to traditional gasoline-powered models. Another trend in the market is the increasing availability of off-road motorcycle accessories and gear. Customers in Gambia are investing in high-quality protective gear, such as helmets, goggles, and body armor, to ensure their safety during off-road adventures. Additionally, there is a growing demand for aftermarket parts and accessories that allow riders to customize their motorcycles according to their preferences and needs. This trend is driven by the desire for personalization and the pursuit of enhanced performance.

Local special circumstances:
Gambia's diverse terrain, which includes coastal areas, forests, and savannahs, provides ample opportunities for off-road motorcycle enthusiasts. The country's relatively small size and well-connected road network make it convenient for riders to explore different regions. Additionally, Gambia's warm climate allows for year-round outdoor activities, further boosting the demand for off-road motorcycles.

Underlying macroeconomic factors:
Gambia's growing economy and increasing disposable income levels are contributing to the growth of the Off-road Motorcycles market. As individuals have more financial resources, they are able to invest in recreational vehicles and pursue their hobbies. Furthermore, the government's focus on promoting tourism and attracting foreign investment has led to infrastructure development, including the improvement of off-road trails and the construction of adventure parks. These initiatives have created a favorable environment for the Off-road Motorcycles market to thrive. In conclusion, the Off-road Motorcycles market in Gambia is experiencing growth driven by customer preferences for versatile and durable vehicles, the rising demand for electric motorcycles, the availability of accessories and gear, the country's diverse terrain, and the underlying macroeconomic factors such as economic growth and infrastructure development. As these trends continue to shape the market, it is expected that the Off-road Motorcycles market in Gambia will continue to expand in the coming years.

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.

Overview

  • Unit Sales
  • Analyst Opinion
  • Revenue
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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