On-road Motorcycles - Algeria

Algeria

Highlights

The On-road Motorcycles market segment in Algeria is expected to generate a revenue of US$52.49m in 2024.
This market is projected to experience an annual growth rate (CAGR 2024-2029) of 0.54%, leading to a market volume of US$53.93m by 2029.
Furthermore, the unit sales in the On-road Motorcycles market segment are anticipated to reach 21.62k motorcyles by 2029.
The volume weighted average price for On-road Motorcycles market in 2024 is estimated to be US$2.45k.
Interestingly, when considering the international landscape, India is expected to generate the highest revenue, reaching US$21.50bn in 2024.
Algeria has experienced a surge in demand for on-road motorcycles, driven by the country's growing middle-class population and desire for affordable transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Algeria has seen significant growth in recent years, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: Algerian customers have shown a growing preference for on-road motorcycles due to their affordability, fuel efficiency, and versatility. On-road motorcycles are seen as a practical and cost-effective mode of transportation, especially in urban areas where traffic congestion is common. Additionally, the younger population in Algeria has shown a strong interest in motorcycles as a symbol of freedom and adventure.

Trends in the market: One of the key trends in the on-road motorcycles market in Algeria is the increasing demand for smaller and more fuel-efficient motorcycles. This trend is driven by rising fuel prices and a growing awareness of environmental issues. Customers are looking for motorcycles that offer good mileage and lower emissions, making smaller and more efficient models highly popular. Another trend in the market is the growing popularity of electric motorcycles. As the government of Algeria focuses on promoting sustainable and clean transportation, electric motorcycles have gained traction among environmentally conscious consumers. The availability of charging infrastructure and government incentives for electric vehicles have further fueled the demand for electric motorcycles.

Local special circumstances: Algeria has a large rural population, and motorcycles are often the most practical and efficient mode of transportation in remote areas with limited road infrastructure. This has contributed to the steady demand for on-road motorcycles across the country. Additionally, the favorable climate in Algeria allows for year-round motorcycle usage, further driving market growth.

Underlying macroeconomic factors: The growth of the on-road motorcycles market in Algeria is also influenced by macroeconomic factors such as rising disposable incomes and urbanization. As the economy grows, more Algerians are able to afford motorcycles as a means of personal transportation. Urbanization has led to increased traffic congestion, making motorcycles an attractive alternative to cars for commuting purposes. Furthermore, government initiatives to promote the manufacturing and assembly of motorcycles locally have also contributed to the market's development. This has led to the availability of a wider range of models at competitive prices, further driving customer demand. In conclusion, the on-road motorcycles market in Algeria is witnessing significant growth due to changing customer preferences, including a preference for smaller and more fuel-efficient motorcycles, as well as the increasing popularity of electric motorcycles. Favorable macroeconomic factors such as rising disposable incomes and urbanization have also contributed to market growth. The unique circumstances of Algeria, including its rural population and favorable climate, further drive the demand for on-road motorcycles.

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.