Off-road Motorcycles - Zambia

Zambia

Highlights

In 2024, the Off-road Motorcycles market segment in Zambia is projected to generate a revenue of US$15.09m.
It is expected to experience a steady annual growth rate (CAGR 2024-2029) of 3.74%, leading to a projected market volume of US$18.12m by 2029.
By that year, unit sales in the Off-road Motorcycles market segment are forecasted to reach 3.96k motorcyles.
The volume weighted average price of Off-road Motorcycles market segment in 2024 is estimated to be US$4.48k.
On an international scale, it is evident that Brazil will generate the highest revenue in this market segment, amounting to US$1.36bn in 2024.
Despite the challenging terrain and limited infrastructure, off-road motorcycles in Zambia are gaining popularity among adventure enthusiasts due to the country's diverse and untamed landscapes.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Zambia has been experiencing steady growth in recent years, driven by increasing customer preferences for adventure sports and outdoor activities. Off-road motorcycles, also known as dirt bikes or trail bikes, are specially designed motorcycles that are built to handle rough terrains and provide an exhilarating riding experience.

Customer preferences: In Zambia, there is a growing interest among individuals, particularly the younger generation, in adventure sports and outdoor activities. Off-road motorcycles offer a thrilling and adrenaline-pumping experience, making them popular among adventure enthusiasts. Additionally, the affordability and accessibility of off-road motorcycles have also contributed to their rising popularity.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Zambia is the increasing demand for electric off-road motorcycles. With the global shift towards sustainability and environmental consciousness, there is a growing preference for electric vehicles. Electric off-road motorcycles offer a quieter and more environmentally friendly alternative to traditional petrol-powered bikes. This trend is expected to continue as more manufacturers introduce electric models into the market. Another trend in the market is the rising popularity of off-road motorcycle racing events and competitions. These events not only attract professional riders but also enthusiasts who want to test their skills and compete against others. The growing number of off-road motorcycle racing events in Zambia has created a demand for high-performance motorcycles and accessories.

Local special circumstances: Zambia's diverse landscape, with its vast open plains, mountains, and forests, provides ample opportunities for off-road motorcycle riding. The country is home to several off-road trails and parks, attracting both local and international riders. The availability of such riding destinations has further fueled the demand for off-road motorcycles in Zambia.

Underlying macroeconomic factors: Zambia's growing economy and improving standard of living have contributed to the development of the Off-road Motorcycles market. As disposable incomes increase, more individuals have the means to purchase recreational vehicles like off-road motorcycles. Additionally, the government's efforts to promote tourism and adventure sports have also played a role in driving the market growth. In conclusion, the Off-road Motorcycles market in Zambia is experiencing growth due to increasing customer preferences for adventure sports and outdoor activities. The demand for electric off-road motorcycles and the popularity of off-road motorcycle racing events are key trends in the market. Zambia's diverse landscape and improving macroeconomic factors have created a favorable environment for the development 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.