On-road Motorcycles - Netherlands

Netherlands

The On-road Motorcycles market segment in the Netherlands is anticipated to generate a revenue of US$171.90m by 2024.
This is projected to exhibit a compound annual growth rate (CAGR) of 36.86% from 2024 to 2029, resulting in a market volume of US$825.30m by 2029.
The unit sales of On-road Motorcycles market in the Netherlands are expected to reach 52.37k motorcyles by 2029.
In 2024, the volume weighted average price of On-road Motorcycles market in the Netherlands is estimated to be US$15.59k.
When considering the international market, India is forecasted to generate the highest revenue, amounting to US$21,500.00m in 2024.
The Netherlands has seen a surge in the popularity of electric motorcycles, as the country aims to reduce carbon emissions and promote sustainable transportation.

Key regions: Nigeria, United States, Spain, Vietnam, Indonesia

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Analyst Opinion

The On-road Motorcycles market in Netherlands has been experiencing steady growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing popularity of motorcycles among Dutch consumers. Motorcycles are seen as a convenient and cost-effective mode of transportation, especially in urban areas where traffic congestion is a major issue. Additionally, motorcycles are often favored by younger consumers who are looking for a more adventurous and thrilling mode of transportation.

Trends in the market: In recent years, there has been a growing trend towards electric motorcycles in the Netherlands. This trend is driven by the increasing awareness of environmental issues and the desire to reduce carbon emissions. Electric motorcycles offer a cleaner and more sustainable alternative to traditional gasoline-powered motorcycles. The Dutch government has also been supportive of this trend by providing incentives and subsidies for the purchase of electric motorcycles. Another trend in the market is the increasing demand for smaller and more agile motorcycles. Dutch consumers are increasingly looking for motorcycles that are easy to maneuver in crowded urban areas and can be parked in tight spaces. This has led to a rise in the popularity of scooters and smaller displacement motorcycles.

Local special circumstances: The Netherlands is known for its extensive network of well-maintained roads and infrastructure, which makes it an ideal country for motorcycle riding. The flat terrain and mild climate also contribute to the popularity of motorcycles as a mode of transportation. Additionally, the Netherlands has a strong motorcycle culture, with numerous motorcycle clubs and events throughout the country. This cultural aspect further fuels the demand for motorcycles in the market.

Underlying macroeconomic factors: The strong economy in the Netherlands has also played a role in the growth of the on-road motorcycles market. With a high level of disposable income and low unemployment rates, Dutch consumers have the means to purchase motorcycles and indulge in their passion for riding. Furthermore, the Netherlands has a well-developed financial sector, which makes it easy for consumers to obtain financing for motorcycle purchases. In conclusion, the On-road Motorcycles market in Netherlands is experiencing growth due to customer preferences for convenient and thrilling transportation options, as well as the increasing popularity of electric and smaller motorcycles. The local special circumstances, such as the well-maintained infrastructure and strong motorcycle culture, further contribute to the market growth. The strong macroeconomic factors, including a strong economy and easy access to financing, also play a significant role in the market's development.

Methodology

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.