Key regions: Nigeria, United States, Spain, Vietnam, Indonesia
The On-road Motorcycles market in South Africa has witnessed significant growth in recent years, driven by shifting customer preferences and favorable market trends.
Customer preferences: Customers in South Africa are increasingly opting for on-road motorcycles due to their versatility and cost-effectiveness. On-road motorcycles provide a convenient mode of transportation for daily commuting, especially in urban areas with heavy traffic congestion. Additionally, the growing popularity of adventure tourism and long-distance touring has also contributed to the demand for on-road motorcycles, as they offer comfort and performance for extended journeys.
Trends in the market: One of the key trends in the South African on-road motorcycles market is the increasing demand for eco-friendly and fuel-efficient models. With rising concerns about environmental sustainability and fuel costs, customers are gravitating towards motorcycles that offer better fuel economy and reduced emissions. Manufacturers are responding to this trend by introducing electric and hybrid models, as well as improving the fuel efficiency of their conventional motorcycles. Another trend in the market is the integration of advanced technology and connectivity features in on-road motorcycles. Customers are seeking motorcycles that offer seamless integration with their smartphones, allowing them to access navigation, music, and communication features while on the move. Manufacturers are incorporating Bluetooth connectivity, touchscreen displays, and smartphone apps into their models to cater to this demand.
Local special circumstances: South Africa has a diverse terrain and climate, which influences customer preferences in the on-road motorcycles market. The country offers a wide range of riding experiences, from long stretches of open road to challenging off-road trails. As a result, customers in South Africa often look for motorcycles that can handle various terrains and weather conditions. Dual-purpose motorcycles, which are designed for both on-road and off-road riding, are particularly popular in the country. Safety is also a significant consideration for customers in South Africa. The high rate of road accidents and the challenging road conditions in some areas have led customers to prioritize safety features in their motorcycle choices. Anti-lock braking systems (ABS), traction control, and advanced suspension systems are some of the safety features that customers look for in on-road motorcycles.
Underlying macroeconomic factors: The growth of the on-road motorcycles market in South Africa is influenced by several macroeconomic factors. The country's improving economic conditions, rising disposable incomes, and urbanization have contributed to the increasing demand for on-road motorcycles. As more people move to urban areas, the need for efficient and affordable transportation options has risen, leading to a higher demand for motorcycles. In addition, the government's focus on infrastructure development, including road networks and transportation systems, has also played a role in the growth of the on-road motorcycles market. Improved road connectivity and infrastructure have made motorcycle commuting more convenient and accessible, further driving the demand for on-road motorcycles. Furthermore, the presence of a well-established manufacturing and distribution network in South Africa has made motorcycles more readily available to customers. Local and international motorcycle manufacturers have set up production facilities and dealerships in the country, ensuring a steady supply of on-road motorcycles to meet the growing demand. In conclusion, the on-road motorcycles market in South Africa is experiencing growth due to shifting customer preferences, including the demand for eco-friendly and technologically advanced models. The country's diverse terrain and climate, as well as the emphasis on safety features, also influence customer choices. The improving macroeconomic conditions and government investments in infrastructure development have further contributed to the market's development.
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.
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