On-road Motorcycles - LATAM
LATAM- The On-road Motorcycles market market in LATAM is expected to see significant growth in the coming years.
- According to projections, the revenue in this market is estimated to reach US$12.40bn by 2024.
- This is a substantial figure and indicates the potential for lucrative opportunities in the region.
- Furthermore, it is anticipated that the market will experience a steady annual growth rate of 5.51% from 2024 to 2029.
- This growth rate is expected to result in a market volume of US$16.21bn by 2029.
- This demonstrates the increasing demand for On-road Motorcycles market in LATAM.
- In terms of unit sales, it is predicted that the On-road Motorcycles market market will reach a total of 3.38m motorcyles units by 2029.
- This indicates a strong demand for these vehicles in the region.
- Additionally, the volume weighted average price of On-road Motorcycles market in 2024 is projected to be US$4.53k.
- This figure provides insight into the average price at which these motorcycles are being sold in LATAM.
- From an international perspective, it is worth noting that India is expected to generate the highest revenue in the On-road Motorcycles market market, reaching US$21.50bn in 2024.
- This highlights the significant market potential India and the importance of this country in the global motorcycle industry.
- In LATAM, the market for on-road motorcycles is experiencing a surge in demand due to the region's favorable climate for year-round riding.
- Key regions:
- Nigeria,
- United States,
- Spain,
- Vietnam,
- Indonesia
Often referred to as street or "naked" motorcycles, standard, sports bike, cruiser, chopper, touring, and sport-touring motorcycles can be found in this segment. On-road Motorcycles are primarily designed to be ridden on paved roads. Motorcycles in this segment are characterized by speed, acceleration, braking, handling and grip on paved roads, and high-performance engines. Some are designed to excel at covering long distances and others just for cruising the neighborhood. Typically, on-road motorcycles have an engine capacity greater than 125cc, with some even having an engine capacity greater than 1000cc.
In-Scope
- Sports bikes
- Cruiser motorcycles
- Chopper motorcycles
- Touring motorcycles
- Sport-touring motorcycles
Out-Of-Scope
- Mopeds and scooters
- Buses, Vans and Trucks
- Off-road motorcycles or dirt bikes
- Dual-purpose motorcycles such as supermotos or adventure-tourers
