Off-road Motorcycles - Tanzania

Tanzania

Highlights

The Off-road Motorcycles market segment in Tanzania is projected to generate a revenue of US$81.30m in 2024.
This market segment is expected to experience an annual growth rate (CAGR 2024-2029) of 0.07%, leading to a projected market volume of US$81.59m by 2029.
In that same year, unit sales in the Off-road Motorcycles market segment are expected to reach 17.78k motorcyles.
The volume weighted average price of Off-road Motorcycles market in 2024 is projected to be US$4.52k.
Looking at the international perspective, it is evident that Brazil is anticipated to generate the highest revenue in the Off-road Motorcycles market segment with US$1.36bn in 2024.
Tanzania's off-road motorcycle market is witnessing a surge in demand fueled by the country's diverse terrain and growing interest in adventure tourism.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Tanzania has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Tanzania have played a key role in driving the growth of the Off-road Motorcycles market. Tanzanian consumers have shown a growing interest in outdoor recreational activities, including off-road biking. This has created a demand for off-road motorcycles that can handle the rugged terrain and provide an exhilarating riding experience. Additionally, the affordability of off-road motorcycles compared to other recreational vehicles, such as cars or boats, has made them an attractive option for Tanzanian consumers. Trends in the market have also contributed to the growth of the Off-road Motorcycles market in Tanzania. One notable trend is the increasing popularity of adventure tourism in the country. Tanzania is known for its stunning landscapes and diverse wildlife, making it an ideal destination for adventure seekers. Off-road motorcycles provide a unique and thrilling way for tourists to explore the country's natural beauty, leading to an increase in rental services and sales of off-road motorcycles. Local special circumstances have further fueled the growth of the Off-road Motorcycles market in Tanzania. The country's vast and diverse terrain, including mountains, forests, and national parks, offers plenty of opportunities for off-road biking. The government has recognized the potential of adventure tourism and has taken steps to promote it, including the development of off-road biking trails and the organization of off-road biking events. These initiatives have created a supportive environment for the Off-road Motorcycles market to thrive. Underlying macroeconomic factors have also played a role in the growth of the Off-road Motorcycles market in Tanzania. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more Tanzanians to afford off-road motorcycles and participate in the off-road biking trend. Additionally, the tourism sector, which is a major contributor to the Tanzanian economy, has been growing, attracting both domestic and international tourists who are interested in off-road biking. In conclusion, the Off-road Motorcycles market in Tanzania is developing rapidly due to customer preferences for outdoor recreational activities, market trends such as adventure tourism, local special circumstances including the diverse terrain and government support, and underlying macroeconomic factors such as economic growth and the thriving tourism sector. The future of the Off-road Motorcycles market in Tanzania looks promising, with continued growth expected as more Tanzanians and tourists embrace off-road biking as a popular recreational activity.

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.