On-road Motorcycles - New Zealand

New Zealand

Highlights

In 2024, the projected revenue in the On-road Motorcycles market segment in New Zealand is expected to reach US$75.13m.
This market segment is anticipated to display a compound annual growth rate (CAGR 2024-2029) of 1.15%, leading to a projected market volume of US$79.54m by 2029.
Furthermore, it is estimated that the unit sales in the On-road Motorcycles market segment will reach 5.45k motorcyles in 2029.
The volume weighted average price of the On-road Motorcycles market segment in New Zealand in 2024 is expected to be approximately US$14.48k.
When considering the international landscape, it is noteworthy that India is projected to generate the highest revenue in the On-road Motorcycles market segment, amounting to US$21.50bn in 2024.
New Zealand's on-road motorcycle market is experiencing a surge in demand for electric motorcycles, driven by the country's commitment to sustainability and green transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in New Zealand have shown a strong preference for on-road motorcycles, which has contributed to the growth of the market. This preference can be attributed to several factors. Firstly, on-road motorcycles are more fuel efficient compared to other types of vehicles, making them a cost-effective choice for daily commuting. Secondly, the compact size and maneuverability of on-road motorcycles make them ideal for navigating through congested city streets. Finally, the thrill and sense of freedom associated with riding a motorcycle appeals to many customers in New Zealand.

Trends in the market: One of the key trends in the on-road motorcycles market in New Zealand is the increasing demand for electric motorcycles. As the country aims to reduce its carbon emissions and promote sustainable transportation, more customers are opting for electric motorcycles. These vehicles offer several advantages, including lower operating costs, reduced environmental impact, and quieter operation. In addition, advancements in battery technology have improved the range and performance of electric motorcycles, making them a viable option for everyday use. Another trend in the market is the growing popularity of adventure motorcycles. Adventure motorcycles are designed for both on-road and off-road use, making them versatile and suitable for various terrains. This trend can be attributed to the adventurous spirit of customers in New Zealand, who enjoy exploring the country's diverse landscapes. Adventure motorcycles offer features such as increased ground clearance, rugged tires, and enhanced suspension, which make them well-suited for off-road adventures.

Local special circumstances: New Zealand's unique geography and scenic landscapes provide ample opportunities for motorcycle enthusiasts to explore and enjoy their rides. The country is known for its winding coastal roads, picturesque mountain passes, and breathtaking natural beauty. These factors contribute to the popularity of on-road motorcycles in New Zealand, as customers seek to experience the thrill of riding through these stunning landscapes.

Underlying macroeconomic factors: The growth of the on-road motorcycles market in New Zealand can also be attributed to several underlying macroeconomic factors. Firstly, the country's stable economy and high disposable income levels have allowed customers to invest in recreational vehicles such as motorcycles. Secondly, the increasing urbanization and congestion in major cities have led to a greater demand for efficient and compact modes of transportation, driving the sales of on-road motorcycles. Finally, the government's focus on promoting tourism and adventure activities has further boosted the demand for motorcycles in the country. In conclusion, the on-road motorcycles market in New Zealand is experiencing steady growth due to customer preferences for fuel efficiency, maneuverability, and the sense of freedom associated with riding motorcycles. The increasing demand for electric motorcycles and adventure motorcycles reflects the country's commitment to sustainability and the adventurous spirit of its residents. New Zealand's unique geography and scenic landscapes provide a special circumstance that contributes to the popularity of on-road motorcycles. Additionally, underlying macroeconomic factors such as a stable economy, high disposable income levels, urbanization, and government initiatives to promote tourism have further fueled the growth of 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.