On-road Motorcycles - Chad

Chad

Highlights

In 2024, it is projected that the On-road Motorcycles market segment in Chad will generate a revenue of US$17.53m.
This market segment is expected to experience an annual growth rate of -0.60% between 2024 and 2029, resulting in a projected market volume of US$17.01m by 2029.
By 2029, it is anticipated that the unit sales in the On-road Motorcycles market segment will reach 7.18k motorcyles.
The volume weighted average price of On-road Motorcycles market in Chad in 2024 is expected to be US$2.36k.
When considering the international perspective, it is evident that India will generate the highest revenue in the On-road Motorcycles market segment, with an estimated revenue of US$21.50bn in 2024.
Despite the challenging terrain and limited infrastructure, the demand for off-road motorcycles in Chad remains high due to their ability to navigate through rough landscapes and provide transportation in remote areas.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: In Chad, customer preferences for on-road motorcycles are driven by several factors. Firstly, the affordability of motorcycles compared to other modes of transportation makes them a popular choice among consumers. Additionally, the compact size and maneuverability of motorcycles make them suitable for navigating through Chad's often congested and narrow roads. Furthermore, motorcycles are well-suited for off-road travel, which is essential in a country with limited infrastructure and challenging terrain.

Trends in the market: One notable trend in the on-road motorcycles market in Chad is the increasing demand for more fuel-efficient and environmentally friendly models. As global concerns about climate change and environmental sustainability grow, consumers in Chad are also becoming more conscious of their carbon footprint. This has led to a shift towards motorcycles that offer better fuel efficiency and emit fewer pollutants. Another trend in the market is the rising popularity of electric motorcycles. With advancements in battery technology and the increasing availability of charging infrastructure, electric motorcycles are becoming a viable option for consumers in Chad. The lower operating costs and reduced environmental impact of electric motorcycles make them an attractive choice for environmentally conscious consumers.

Local special circumstances: Chad's unique geographical and economic conditions also contribute to the development of the on-road motorcycles market. The country's vast, sparsely populated areas and limited public transportation options make motorcycles an essential mode of transportation for many Chadians. Additionally, the relatively low income levels in the country make motorcycles a more affordable option compared to cars or other vehicles.

Underlying macroeconomic factors: Several macroeconomic factors are driving the growth of the on-road motorcycles market in Chad. Firstly, the country's population growth and urbanization are increasing the demand for personal transportation. As more people move to cities and towns, the need for convenient and affordable transportation options becomes more pressing. Furthermore, Chad's economic development and improving living standards are also contributing to the growth of the on-road motorcycles market. As disposable incomes increase, more consumers are able to afford motorcycles. The availability of financing options and the expansion of the middle class further fuel the demand for motorcycles in Chad. In conclusion, the on-road motorcycles market in Chad is experiencing significant growth and development. Customer preferences for affordable, fuel-efficient, and environmentally friendly models are driving the market trends. The unique geographical and economic conditions in Chad, such as limited infrastructure and low income levels, also contribute to the market's development. Additionally, macroeconomic factors such as population growth, urbanization, and improving living standards are fueling the demand for motorcycles in Chad.

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.