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Key regions: Germany, Italy, United States, Portugal, Spain
The Off-road Motorcycles market in Southern Europe has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.
Customer preferences: Customers in Southern Europe have shown a strong preference for off-road motorcycles due to their versatility and ability to navigate challenging terrains. Off-road motorcycles are popular among outdoor enthusiasts, adventure seekers, and sports enthusiasts who enjoy activities such as motocross, trail riding, and enduro racing. The rugged design, powerful engines, and advanced suspension systems of off-road motorcycles make them well-suited for these activities.
Trends in the market: One of the key trends in the Off-road Motorcycles market in Southern Europe is the increasing demand for electric off-road motorcycles. With growing concerns about environmental sustainability, customers are seeking alternative options to traditional gasoline-powered motorcycles. Electric off-road motorcycles offer a quieter and more eco-friendly riding experience, making them an attractive choice for environmentally conscious consumers. Another trend in the market is the rise of off-road motorcycle tours and rentals. Southern Europe is known for its diverse landscapes and scenic routes, making it an ideal destination for off-road motorcycle enthusiasts. Tour operators and rental companies have capitalized on this trend by offering guided tours and rental services, allowing customers to explore the region's off-road trails and natural beauty.
Local special circumstances: Southern Europe's favorable climate and diverse terrain provide ideal conditions for off-road motorcycle riding. The region's warm weather and long riding seasons make it a popular destination for riders from all over the world. Additionally, Southern Europe's varied landscapes, including mountains, forests, and coastal areas, offer a wide range of off-road riding opportunities, attracting both local and international riders.
Underlying macroeconomic factors: The growing Off-road Motorcycles market in Southern Europe can also be attributed to favorable macroeconomic factors. The region has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. As a result, more individuals are able to afford off-road motorcycles and related accessories, driving demand in the market. Furthermore, Southern Europe has seen an influx of tourists, particularly adventure tourists, who are interested in off-road motorcycle activities. This has created a thriving tourism industry, with businesses catering to the needs of these tourists, including off-road motorcycle rentals, tours, and accommodations. The combination of local demand and tourist interest has fueled the growth of the Off-road Motorcycles market in Southern Europe. In conclusion, the Off-road Motorcycles market in Southern Europe is developing due to customer preferences for versatile and rugged motorcycles, the rise of electric off-road motorcycles, the popularity of off-road motorcycle tours and rentals, the region's favorable climate and diverse terrain, and underlying macroeconomic factors such as economic growth and increasing tourism. This market is expected to continue growing as more individuals seek outdoor adventures and eco-friendly alternatives in the region.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)