On-road Motorcycles - Mauritius

Mauritius

Highlights

The projected revenue for the On-road Motorcycles market segment in Mauritius is estimated to reach US$1.10m in 2024.
It is expected to exhibit a compound annual growth rate (CAGR) of 1.59% from 2024 to 2029, resulting in a market volume projection of US$1.19m by 2029.
In 2029, the unit sales for the On-road Motorcycles market segment are expected to reach 385.00motorcyles.
The volume weighted average price of On-road Motorcycles market in Mauritius is projected to be US$3.02k in 2024.
When considering the international market perspective, it is evident that India will generate the highest revenue in the On-road Motorcycles market segment, amounting to US$21.50bn in 2024.
The demand for on-road motorcycles in Mauritius is steadily increasing due to a growing interest in leisure and adventure tourism.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Mauritius has been experiencing significant growth in recent years.

Customer preferences: In Mauritius, there is a strong preference for on-road motorcycles due to their convenience and affordability. Motorcycles are a popular mode of transportation for both urban and rural areas, as they are more maneuverable in traffic and can easily navigate through narrow roads. Additionally, motorcycles are more fuel-efficient compared to cars, which is a key consideration for consumers in Mauritius where fuel prices are relatively high.

Trends in the market: One of the main trends in the on-road motorcycles market in Mauritius is the increasing demand for electric motorcycles. As global concerns about climate change and environmental sustainability continue to rise, consumers in Mauritius are becoming more conscious of their carbon footprint. Electric motorcycles offer a greener alternative to traditional petrol-powered motorcycles, as they produce zero emissions and are more energy-efficient. This trend is expected to continue as the government of Mauritius promotes the adoption of electric vehicles through various incentives and subsidies. Another trend in the market is the growing popularity of larger and more powerful motorcycles. As the economy in Mauritius continues to grow and disposable incomes increase, consumers are willing to spend more on high-end motorcycles. This trend is driven by the desire for status and prestige, as well as the growing popularity of motorcycle tourism in Mauritius. Tourists are increasingly renting motorcycles to explore the island, leading to a higher demand for larger and more comfortable bikes.

Local special circumstances: Mauritius is a small island nation with a well-developed road infrastructure, which makes it ideal for motorcycle usage. The compact size of the island allows for shorter commuting distances, making motorcycles a practical and efficient mode of transportation. Additionally, the warm climate and scenic landscapes of Mauritius make it an attractive destination for motorcycle enthusiasts, both local and international.

Underlying macroeconomic factors: The growth of the on-road motorcycles market in Mauritius can be attributed to several macroeconomic factors. Firstly, the steady economic growth in the country has led to an increase in disposable incomes, allowing more consumers to afford motorcycles. Secondly, the government of Mauritius has implemented policies to promote the automotive industry, including the reduction of import duties on motorcycles. This has made motorcycles more affordable and accessible to a wider range of consumers. Finally, the tourism industry in Mauritius has been booming in recent years, attracting a large number of visitors who are interested in exploring the island on motorcycles. In conclusion, the on-road motorcycles market in Mauritius is experiencing growth due to customer preferences for convenience and affordability, as well as the increasing demand for electric motorcycles and larger, more powerful bikes. The local special circumstances, such as the island's size and scenic landscapes, contribute to the popularity of motorcycles in Mauritius. The underlying macroeconomic factors, including economic growth, government policies, and the thriving tourism industry, also play a significant role in driving the market.

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.