On-road Motorcycles - Fiji

Fiji

Highlights

The On-road Motorcycles market segment in Fiji is projected to generate a revenue of US$911.10k in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 3.31%, leading to a projected market volume of US$1.07m by 2029.
In that same year, unit sales in the On-road Motorcycles market segment are expected to reach 226.00motorcyles.
The volume weighted average price of On-road Motorcycles market in Fiji is projected to be US$4.58k in 2024.
From an international standpoint, India is expected to generate the highest revenue in the On-road Motorcycles market segment, amounting to US$21.50bn in 2024.
The demand for electric motorcycles is steadily increasing in Fiji, as the country aims to reduce carbon emissions and promote sustainable transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Fiji has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Fiji have shifted towards on-road motorcycles due to their affordability and convenience. With the increasing cost of living and limited public transportation options, many consumers are turning to motorcycles as a more economical mode of transportation. On-road motorcycles also offer flexibility in navigating Fiji's narrow and congested roads, making them a popular choice for daily commuting. Trends in the market have further fueled the growth of the On-road Motorcycles market in Fiji. The introduction of new models with improved fuel efficiency and advanced features has attracted consumers looking for more environmentally friendly options. Additionally, the rise of ride-sharing services has created a demand for motorcycles as a means of income generation for individuals who want to become motorcycle taxi drivers. Local special circumstances in Fiji have also played a role in the development of the On-road Motorcycles market. The country's tourism industry has experienced steady growth, resulting in an increased demand for rental motorcycles by tourists who want to explore the islands. Furthermore, the government has implemented policies to promote the use of motorcycles as a sustainable mode of transportation, such as providing incentives for electric motorcycles and improving infrastructure to accommodate motorcycles. Underlying macroeconomic factors have contributed to the growth of the On-road Motorcycles market in Fiji. The country's stable economic growth and rising disposable incomes have made motorcycles more affordable and accessible to a larger segment of the population. Additionally, the government's efforts to attract foreign investment and promote tourism have created employment opportunities, leading to an increase in the number of individuals who can afford to purchase motorcycles. In conclusion, the On-road Motorcycles market in Fiji has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As affordability, convenience, and environmental concerns continue to drive consumer demand, the market is expected to continue its upward trajectory.

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.