Off-road Motorcycles - Israel

Israel

Highlights

The projected revenue for the Off-road Motorcycles market segment in Israel is expected to reach US$9.44m in 2024.
This market is anticipated to experience a compound annual growth rate (CAGR 2024-2029) of 1.05%, resulting in a projected market volume of US$9.95m by 2029.
In 2029, unit sales for the Off-road Motorcycles market segment are expected to reach 1.24k motorcyles.
The volume weighted average price of Off-road Motorcycles market in Israel is projected to be US$7.84k in 2024.
From an international perspective, it is evident that Brazil is expected to generate the highest revenue in the Off-road Motorcycles market segment, amounting to US$1.36bn in 2024.
Israel's off-road motorcycle market is thriving, with a growing number of enthusiasts seeking adrenaline-fueled adventures in its rugged terrain.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Israel has been experiencing steady growth in recent years.

Customer preferences: Off-road motorcycles are gaining popularity among adventure enthusiasts and thrill-seekers in Israel. The country's diverse terrain, including desert landscapes, mountains, and off-road trails, provides ample opportunities for off-road motorcycle riding. Customers in Israel are increasingly drawn to the excitement and adrenaline rush that off-road motorcycles offer. Additionally, off-road motorcycles are favored by those who enjoy outdoor activities, such as camping and exploring remote areas.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Israel is the increasing demand for electric off-road motorcycles. As the world moves towards sustainability and eco-friendly alternatives, the popularity of electric vehicles has been on the rise. This trend is reflected in the off-road motorcycle market as well. Electric off-road motorcycles offer several advantages, including reduced noise pollution, lower maintenance costs, and environmental friendliness. Customers in Israel are increasingly opting for electric off-road motorcycles, contributing to the growth of this segment. Another trend in the market is the growing popularity of off-road motorcycle tours and events. Tour operators and event organizers are capitalizing on the demand for off-road motorcycle experiences by offering guided tours and organizing off-road motorcycle events. These tours and events provide customers with the opportunity to explore Israel's diverse landscapes while enjoying the thrill of off-road riding. The availability of such experiences has further fueled the demand for off-road motorcycles in the country.

Local special circumstances: Israel's unique geographical features and climate play a significant role in the development of the Off-road Motorcycles market. The country's diverse terrain, including the Negev Desert, the Galilee region, and the Golan Heights, attracts off-road motorcycle enthusiasts from both within and outside the country. The warm and dry climate of Israel also makes it an ideal destination for off-road motorcycle riding throughout the year. Additionally, the presence of off-road motorcycle clubs and communities further contributes to the growth of the market by organizing events, sharing knowledge, and fostering a sense of community among enthusiasts.

Underlying macroeconomic factors: Israel's strong economy and high disposable income levels have contributed to the growth of the Off-road Motorcycles market. With a stable and prosperous economy, more individuals have the financial means to invest in recreational activities and hobbies, including off-road motorcycle riding. Furthermore, the government's support for tourism and outdoor activities has created a favorable environment for the development of the Off-road Motorcycles market. The availability of financing options and the presence of established dealerships and distributors have also played a role in driving the market growth. In conclusion, the Off-road Motorcycles market in Israel is experiencing growth due to customer preferences for adventure and outdoor activities, the increasing popularity of electric off-road motorcycles, the rise of off-road motorcycle tours and events, the country's unique geographical features and climate, and the underlying macroeconomic factors such as a strong economy and high disposable income levels.

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.