Off-road Motorcycles - Romania

Romania

Highlights

In 2024, the projected revenue in the Off-road Motorcycles market segment in Romania is expected to reach US$3.17m.
Looking ahead, there is an anticipated annual growth rate (CAGR 2024-2029) of 9.78%, which would result in a projected market volume of US$5.06m by 2029.
By that time, the unit sales in the Off-road Motorcycles market segment are expected to reach 570.00motorcyles.
Additionally, the volume weighted average price of Off-road Motorcycles market in Romania in 2024 is projected to be US$8.53k.
When considering the international perspective, it is worth noting that Brazil is expected to generate the most revenue in the Off-road Motorcycles market segment, with US$1.36bn in 2024.
Romania's off-road motorcycle market is thriving, with a growing demand for rugged and durable bikes suited for the country's diverse terrain.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Romania has been experiencing steady growth in recent years, driven by customer preferences for adventurous outdoor activities and the availability of local special circumstances that make Romania an attractive destination for off-road riding.

Customer preferences: In Romania, there is a growing interest among consumers for outdoor recreational activities, including off-road motorcycling. Many people are seeking thrilling experiences and adrenaline rushes, and off-road motorcycles provide the perfect opportunity for adventure enthusiasts to explore the country's rugged terrains and scenic landscapes. Additionally, off-road motorcycling is seen as a way to escape the hustle and bustle of city life and reconnect with nature.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Romania is the increasing demand for electric off-road motorcycles. As the global trend towards sustainability and eco-friendly transportation continues to gain momentum, more consumers in Romania are opting for electric vehicles, including off-road motorcycles. Electric off-road motorcycles offer several advantages such as reduced noise pollution, lower maintenance costs, and zero emissions, making them an attractive option for environmentally conscious riders. 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 motorcycling experiences by offering guided tours and organizing off-road races and competitions. These events not only attract local riders but also draw participants from other countries, contributing to the growth of the off-road motorcycle market in Romania.

Local special circumstances: Romania is known for its diverse and picturesque landscapes, which make it an ideal destination for off-road motorcycling. The country boasts vast forests, mountains, and off-road trails that provide riders with a variety of terrains to explore. Additionally, Romania has a rich cultural heritage and historical sites that can be visited during off-road motorcycle tours, adding an element of cultural immersion to the riding experience.

Underlying macroeconomic factors: The growth of the Off-road Motorcycles market in Romania can also be attributed to several underlying macroeconomic factors. The country's improving economy and rising disposable incomes have increased consumer spending power, allowing more individuals to afford off-road motorcycles and related accessories. Furthermore, the government's efforts to promote tourism and outdoor recreation have contributed to the development of the off-road motorcycle market, as it attracts both domestic and international tourists. In conclusion, the Off-road Motorcycles market in Romania is experiencing growth due to customer preferences for adventurous outdoor activities, the availability of diverse landscapes, and the increasing popularity of electric off-road motorcycles. The market is further fueled by the presence of local special circumstances, such as scenic terrains and cultural attractions. These trends are supported by underlying macroeconomic factors, including a growing economy and government initiatives to promote tourism and outdoor recreation.

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.