On-road Motorcycles - Austria

Austria

Highlights

The On-road Motorcycles market segment in Austria is expected to generate a revenue of US$111.90m by 2024.
This market is projected to experience a steady annual growth rate (CAGR 2024-2029) of 6.40%, resulting in a market volume of US$152.70m by 2029.
By that time, the unit sales in the On-road Motorcycles market segment are expected to reach 9.72k motorcyles.
In 2024, the volume weighted average price of On-road Motorcycles market in Austria is estimated to be US$15.66k.
It is worth noting that, from an international perspective, India is expected to generate the most revenue in the On-road Motorcycles market segment, with a projected revenue of US$21.50bn in 2024.
The demand for electric motorcycles is steadily increasing in Austria, as the country aims to reduce its carbon footprint.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Austria has been experiencing steady growth in recent years, driven by customer preferences for motorcycles as a mode of transportation and leisure activity.

Customer preferences: Austrian customers have shown a strong preference for motorcycles as a means of transportation, especially in urban areas where traffic congestion is a common issue. Motorcycles offer a more agile and efficient way to navigate through crowded streets, making them an attractive option for daily commuting. Additionally, motorcycles are also favored by adventure enthusiasts and thrill-seekers who enjoy the freedom and excitement of riding on open roads and exploring the country's scenic landscapes.

Trends in the market: One of the key trends in the On-road Motorcycles market in Austria is the growing demand for electric motorcycles. As sustainability and environmental concerns gain prominence, more customers are seeking eco-friendly alternatives to traditional gasoline-powered motorcycles. Electric motorcycles offer lower emissions and reduced noise pollution, making them an appealing choice for environmentally conscious riders. The availability of government incentives and subsidies for electric vehicles has further contributed to the increasing adoption of electric motorcycles in Austria. Another trend in the market is the rising popularity of smaller displacement motorcycles. With the increasing cost of living and limited parking spaces in urban areas, customers are opting for smaller and more affordable motorcycles that are easier to maneuver and park. These motorcycles are not only practical for daily commuting but also appeal to younger riders who are entering the market.

Local special circumstances: Austria's scenic landscapes and well-maintained road infrastructure make it an ideal destination for motorcycle tourism. The country attracts motorcycle enthusiasts from around the world who come to experience the thrill of riding through the picturesque Alps and exploring the charming towns and villages. This has created a niche market for motorcycle rentals and guided tours, providing opportunities for local businesses to cater to the needs of these tourists.

Underlying macroeconomic factors: Austria's stable economy and high disposable income levels have contributed to the growth of the On-road Motorcycles market. As consumers have more purchasing power, they are able to afford motorcycles as a mode of transportation and leisure. Additionally, the country's favorable tax and insurance policies for motorcycles make them an affordable option for many individuals. In conclusion, the On-road Motorcycles market in Austria is experiencing growth due to customer preferences for motorcycles as a practical and exciting mode of transportation. The increasing demand for electric motorcycles and smaller displacement models reflects evolving consumer preferences and societal trends. The country's scenic landscapes and well-developed road infrastructure also contribute to the market's growth, attracting motorcycle enthusiasts from around the world. Austria's stable economy and favorable tax policies further support the market's expansion.

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.