On-road Motorcycles - APAC

APAC

The On-road Motorcycles market market in APAC is projected to generate a revenue of US$66.75bn by 2024.
This market segment is expected to witness an annual growth rate of 2.71% (CAGR 2024-2029), resulting in a projected market volume of US$76.29bn by 2029.
In the same year, the unit sales of On-road Motorcycles market are expected to reach 30.10m motorcyles.
The volume weighted average price of On-road Motorcycles market in 2024 is estimated to be US$2.38k.
From an international perspective, it is evident that India will contribute the most revenue to the On-road Motorcycles market market, with a projected revenue of US$21,500.00m in 2024.
In APAC, the demand for electric motorcycles is rapidly increasing, with countries like China leading the way in the adoption of this sustainable mode of transportation.

Key regions: Nigeria, United States, Spain, Vietnam, Indonesia

Market

Region

Region comparison

Currency

Methodology

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.