On-road Motorcycles - Italy

Italy

Highlights

The revenue in the On-road Motorcycles market segment is estimated to reach US$1.75bn in 2024.
It is projected to experience an annual growth rate (CAGR 2024-2029) of 0.91%, leading to a projected market volume of US$1.83bn by 2029.
The unit sales in the On-road Motorcycles market segment are expected to reach 121.80k motorcyles in 2029.
The volume weighted average price of the On-road Motorcycles market segment in 2024 is anticipated to be US$14.75k.
From an international perspective, it is evident that the highest revenue will be generated India, amounting to US$21.50bn in 2024.
Italy's passion for sleek and stylish on-road motorcycles is evident in the country's thriving market for high-performance two-wheelers.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Italy has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Italy have played a significant role in the development of the On-road Motorcycles market. Italians have a long-standing love affair with motorcycles, with a strong cultural attachment to the freedom and excitement they provide. This has created a strong demand for On-road Motorcycles, as they offer the perfect balance between performance and practicality for everyday use. Additionally, Italian consumers have shown a preference for stylish and well-designed motorcycles, further driving the growth of the market. Trends in the market have also contributed to its development. One notable trend is the increasing popularity of electric motorcycles in Italy. As environmental concerns and sustainability become more important to consumers, the demand for electric vehicles, including motorcycles, has been on the rise. This trend is expected to continue as technology improves and the infrastructure for charging electric vehicles expands. Another trend in the market is the growing interest in smaller displacement motorcycles. With the high cost of living and limited parking space in many Italian cities, smaller motorcycles offer a more affordable and practical transportation solution. This trend has been further fueled by the increasing number of young riders entering the market, who are attracted to the lower cost and ease of use of smaller motorcycles. Local special circumstances in Italy have also influenced the development of the On-road Motorcycles market. Italy has a rich motorcycle manufacturing history and is home to several iconic motorcycle brands. This has created a strong domestic industry and a sense of national pride in Italian motorcycles. Additionally, Italy's scenic landscapes and winding roads make it an ideal destination for motorcycle enthusiasts, attracting both domestic and international riders. Underlying macroeconomic factors have also played a role in the growth of the On-road Motorcycles market in Italy. The country has experienced a period of economic stability and growth, which has increased consumer confidence and disposable income. This has allowed more individuals to afford motorcycles and contribute to the market's expansion. In conclusion, the On-road Motorcycles market in Italy has seen steady growth due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The strong cultural attachment to motorcycles, the increasing popularity of electric and smaller displacement motorcycles, the presence of iconic motorcycle brands, and the country's economic stability have all contributed to the market's development.

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.