Off-road Motorcycles - Zimbabwe

Zimbabwe

Highlights

The projected revenue in the Off-road Motorcycles market segment in Zimbabwe is expected to reach US$16.55m in 2024.
It is anticipated that there will be an annual growth rate (CAGR 2024-2029) of 5.39%, resulting in a projected market volume of US$21.52m by 2029.
The unit sales in the Off-road Motorcycles market segment are expected to reach 4.72k motorcyles in 2029.
In 2024, the volume weighted average price of Off-road Motorcycles market in Zimbabwe is projected to amount to US$4.53k.
From an international perspective, it is evident that Brazil is expected to generate the most revenue in the Off-road Motorcycles market segment, with US$1.36bn in 2024.
Despite economic challenges, Zimbabwe has seen a growing demand for off-road motorcycles as enthusiasts seek adventure in the country's rugged terrains.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Zimbabwe has been experiencing steady growth in recent years. Customer preferences in Zimbabwe lean towards off-road motorcycles due to their versatility and durability. The market is also influenced by local special circumstances and underlying macroeconomic factors.

Customer preferences: In Zimbabwe, customers prefer off-road motorcycles for several reasons. Firstly, these motorcycles are well-suited for the country's terrain, which is characterized by rough and uneven surfaces. Off-road motorcycles are designed to handle such conditions, making them a popular choice among Zimbabwean riders. Additionally, these motorcycles are known for their durability, which is an important factor for customers in Zimbabwe who often face challenging road conditions.

Trends in the market: The Off-road Motorcycles market in Zimbabwe has seen a trend towards increased sales and demand. This can be attributed to several factors. Firstly, there has been a growing interest in outdoor recreational activities, such as off-roading and motocross, in Zimbabwe. This has led to an increase in the number of people looking to purchase off-road motorcycles for recreational purposes. Secondly, there has been a rise in the popularity of off-road motorcycle racing events in the country, which has further fueled the demand for these motorcycles.

Local special circumstances: Zimbabwe's unique geographical features and road conditions contribute to the growth of the Off-road Motorcycles market. The country has a diverse landscape, with various natural attractions such as national parks and game reserves. This makes off-road motorcycles an ideal choice for exploring these areas and participating in outdoor activities. Additionally, Zimbabwe has a strong motocross culture, with several motocross tracks and events held throughout the year. This has created a niche market for off-road motorcycles in the country.

Underlying macroeconomic factors: The Off-road Motorcycles market in Zimbabwe is also influenced by underlying macroeconomic factors. Economic stability and income levels play a significant role in determining the affordability and demand for off-road motorcycles. As the economy in Zimbabwe continues to stabilize, more individuals are able to afford off-road motorcycles, leading to increased sales. Additionally, the growth of the tourism industry in Zimbabwe has also contributed to the demand for off-road motorcycles, as tourists often seek adventure and outdoor experiences during their visits. In conclusion, the Off-road Motorcycles market in Zimbabwe is developing due to customer preferences for versatile and durable motorcycles, as well as the growing interest in outdoor recreational activities and motocross events. The country's unique geographical features, strong motocross culture, and underlying macroeconomic factors also contribute to the growth of the market. As Zimbabwe's economy continues to stabilize and the tourism industry expands, the demand for off-road motorcycles is expected to further increase.

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.