Off-road Motorcycles - Morocco

Morocco

Highlights

The Off-road Motorcycles market segment in Morocco is expected to generate a revenue of US$12.97m in 2024.
This market is projected to experience a steady annual growth rate (CAGR 2024-2029) of 0.51%, resulting in a market volume of US$13.30m by 2029.
In that year, it is estimated that unit sales in the Off-road Motorcycles market segment will reach 5.52k motorcyles.
The volume weighted average price of Off-road Motorcycles market in 2024 is projected to be US$2.36k.
When looking at the global market, Brazil is anticipated to generate the highest revenue in the Off-road Motorcycles market segment, with a total of US$1.36bn in 2024.
Moroccan off-road motorcycle enthusiasts are increasingly turning to local brands for their high-quality and durable bikes.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Morocco has seen significant growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: Moroccan customers have shown a growing interest in off-road motorcycles, seeking adventure and thrill in their recreational activities. The rugged terrain and diverse landscapes of Morocco provide ample opportunities for off-road riding, attracting enthusiasts and adventure seekers. Additionally, the affordability and availability of off-road motorcycles have made them an attractive option for young riders and those looking for a more affordable alternative to traditional motorcycles.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Morocco is the increasing demand for electric off-road motorcycles. With a growing focus on sustainability and environmental consciousness, customers are seeking eco-friendly alternatives in their recreational activities. Electric off-road motorcycles offer a quieter and emission-free riding experience, making them appealing to environmentally conscious riders. This trend aligns with the global shift towards electric vehicles and is expected to continue driving the growth of the off-road motorcycles market in Morocco. Another trend in the market is the rise of off-road motorcycle tours and events. Tour operators and event organizers are capitalizing on the growing popularity of off-road motorcycles by offering guided tours and organizing off-road events across Morocco. These tours and events attract both local and international riders, contributing to the overall growth of the market. The availability of diverse terrains and scenic routes in Morocco makes it an ideal destination for off-road motorcycle enthusiasts.

Local special circumstances: Morocco's geographical location and diverse landscapes play a significant role in the development of the Off-road Motorcycles market. The country is known for its varied terrain, including mountains, deserts, and coastal areas, providing ample opportunities for off-road riding. This unique geographical advantage has made Morocco a popular destination for off-road motorcycle enthusiasts, attracting riders from both within the country and abroad.

Underlying macroeconomic factors: The growth of the Off-road Motorcycles market in Morocco is also influenced by underlying macroeconomic factors. The country's improving economic conditions, rising disposable income, and a growing middle class have contributed to increased consumer spending on recreational activities, including off-road motorcycles. Additionally, the government's focus on promoting tourism and adventure sports has further boosted the demand for off-road motorcycles in Morocco. In conclusion, the Off-road Motorcycles market in Morocco is experiencing significant growth due to changing customer preferences, market trends, and local special circumstances. The increasing demand for electric off-road motorcycles and the rise of off-road motorcycle tours and events are driving the market's expansion. Morocco's unique geographical advantages and improving macroeconomic conditions further contribute to the growth of the market.

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.