On-road Motorcycles - Argentina

Argentina

In 2024, the projected revenue in the On-road Motorcycles market segment in Argentina is expected to reach US$1.91bn.
Looking ahead, it is anticipated that the revenue will experience an annual growth rate (CAGR 2024-2029) of 3.79%.
This growth will result in a projected market volume of US$2.30bn by 2029.
In terms of unit sales, the On-road Motorcycles market segment is expected to reach 327.40k motorcyles in 2029.
Taking a closer look at the pricing, the volume weighted average price of the On-road Motorcycles market segment in Argentina is projected to be US$6.90k in 2024.
From an international perspective, it is interesting to note that India is predicted to generate the highest revenue in the On-road Motorcycles market segment, amounting to US$21,500.00m in 2024.
Argentina is experiencing a surge in the demand for on-road motorcycles, driven by the country's vast and diverse landscapes that are perfect for exploring on two wheels.

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

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Analyst Opinion

The On-road Motorcycles market in Argentina is experiencing significant growth and development.

Customer preferences: Customers in Argentina are increasingly opting for on-road motorcycles due to their affordability, fuel efficiency, and versatility. On-road motorcycles are favored for their ease of maneuverability in congested urban areas and their ability to navigate through heavy traffic. Additionally, the growing popularity of leisure and adventure tourism in Argentina has led to an increased demand for motorcycles that can handle long-distance travel on various terrains.

Trends in the market: One of the key trends in the on-road motorcycles market in Argentina is the shift towards electric motorcycles. As concerns about environmental sustainability and rising fuel prices continue to grow, more customers are choosing electric motorcycles as a greener and cost-effective alternative. This trend is further supported by government initiatives and incentives to promote the adoption of electric vehicles in Argentina. Another trend in the market is the increasing demand for motorcycles with higher engine capacities. This can be attributed to the growing popularity of long-distance travel and the need for motorcycles that can provide a comfortable and powerful riding experience. Manufacturers are responding to this trend by introducing models with larger engine capacities to cater to the specific needs of the Argentinean market.

Local special circumstances: Argentina's vast and diverse landscape provides unique opportunities for motorcycle enthusiasts. From the scenic routes of Patagonia to the challenging terrains of the Andes, there is a growing demand for motorcycles that can handle different road conditions. This has led to an increase in the sales of adventure motorcycles, which are designed to withstand off-road conditions while providing a comfortable on-road experience.

Underlying macroeconomic factors: The growth of the on-road motorcycles market in Argentina can also be attributed to favorable macroeconomic factors. The country's improving economic stability and rising disposable incomes have made motorcycles more affordable and accessible to a larger population. Additionally, the development of infrastructure, such as better roads and highways, has made motorcycle travel more convenient and appealing to customers. In conclusion, the on-road motorcycles market in Argentina is witnessing significant growth and development due to customer preferences for affordability, fuel efficiency, and versatility. The market is also influenced by trends such as the shift towards electric motorcycles and the demand for higher engine capacities. The unique local circumstances, including Argentina's diverse landscape and growing adventure tourism, further contribute to the market's growth. Favorable macroeconomic factors, such as improving economic stability and infrastructure development, also play a crucial role in driving the market forward.

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.