On-road Motorcycles - Serbia

Serbia

In 2025, the projected revenue in the On-road Motorcycles market segment in Serbia is expected to reach US$49.64m.
This projection indicates that there will be an annual growth rate of 1.20% from 2025 to 2029, resulting in a projected market volume of US$52.07m by 2029.
Furthermore, it is anticipated that the unit sales in the On-road Motorcycles market segment will reach 5.54k motorcyles in 2029.
The volume weighted average price of On-road Motorcycles market in Serbia is expected to be US$9.21k in 2025.
From an international perspective, it is noteworthy that India is expected to generate the highest revenue in the On-road Motorcycles market segment, with US$22,780.00m in 2025.
Serbia is experiencing a surge in demand for electric motorcycles, as consumers prioritize sustainability and environmental consciousness in their transportation choices.

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

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Analyst Opinion

The On-road Motorcycles market in Serbia has been experiencing steady growth in recent years, driven by changing customer preferences, market trends, and local special circumstances.

Customer preferences: Serbian customers are increasingly opting for on-road motorcycles due to their versatility, fuel efficiency, and affordability. On-road motorcycles provide a convenient mode of transportation for daily commutes in urban areas, as well as for recreational purposes. Customers appreciate the agility and maneuverability of on-road motorcycles, making them suitable for navigating through congested city streets. Additionally, the cost-effectiveness of on-road motorcycles, compared to other vehicles, makes them an attractive option for budget-conscious consumers.

Trends in the market: One of the key trends in the on-road motorcycles market in Serbia is the rising demand for electric motorcycles. As environmental concerns and sustainability become more prominent, customers are seeking alternative modes of transportation that are eco-friendly. Electric motorcycles offer zero-emission transportation, reducing the carbon footprint and contributing to a cleaner environment. This trend is further supported by advancements in battery technology, providing longer ranges and faster charging times for electric motorcycles. Another trend in the market is the increasing popularity of retro-styled motorcycles. Serbian customers are drawn to the classic design and nostalgic appeal of these motorcycles, which often feature vintage aesthetics combined with modern technology. Retro-styled motorcycles offer a unique riding experience and allow customers to showcase their individuality and personal style.

Local special circumstances: Serbia's geographical location and natural landscapes contribute to the growth of the on-road motorcycles market. The country offers diverse terrains, including mountains, forests, and scenic coastal areas, making it an attractive destination for motorcycle enthusiasts. The availability of picturesque routes and scenic roads further encourages the use of on-road motorcycles for leisure and tourism purposes. Additionally, the relatively affordable cost of on-road motorcycles in Serbia compared to other European countries makes them accessible to a wider range of customers. This affordability factor, combined with the country's growing middle class and increasing disposable income, has contributed to the market's expansion.

Underlying macroeconomic factors: Serbia's improving economic conditions and stable political environment have played a significant role in the development of the on-road motorcycles market. The country has witnessed steady economic growth in recent years, leading to an increase in consumer purchasing power. As a result, more individuals are able to afford on-road motorcycles, driving market demand. Furthermore, the government's efforts to improve infrastructure and road connectivity have positively impacted the market. The development of better roads and highways has made motorcycle travel more convenient and safer, further encouraging the adoption of on-road motorcycles. In conclusion, the on-road motorcycles market in Serbia is experiencing growth due to changing customer preferences, such as the demand for electric and retro-styled motorcycles. The country's natural landscapes, affordability of motorcycles, and improving economic conditions also contribute to the market's expansion. With these factors in place, the market is expected to continue its upward trajectory in the coming years.

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.