Key regions: Nigeria, United States, Spain, Vietnam, Indonesia
The On-road Motorcycles market in Southern Africa is experiencing steady growth, driven by customer preferences for affordable and efficient transportation options, as well as the increasing popularity of motorcycles for recreational purposes. Customer preferences in the On-road Motorcycles market in Southern Africa are largely influenced by the need for affordable and efficient transportation. Motorcycles are often seen as a cost-effective alternative to cars, especially in urban areas with heavy traffic congestion and limited parking spaces. Additionally, motorcycles are known for their fuel efficiency, making them an attractive option for consumers looking to save on transportation costs. Another factor driving customer preferences in the On-road Motorcycles market in Southern Africa is the growing popularity of motorcycles for recreational purposes. Motorcycles offer a sense of freedom and adventure, making them appealing to a wide range of consumers. Furthermore, the region's diverse landscapes and favorable weather conditions make it an ideal location for motorcycle enthusiasts to explore and enjoy their rides. The On-road Motorcycles market in Southern Africa is also influenced by several trends. One notable trend is the increasing demand for electric motorcycles. As concerns about climate change and environmental sustainability grow, more consumers are looking for greener transportation options. Electric motorcycles offer a cleaner and more sustainable alternative to traditional gasoline-powered bikes, and manufacturers are responding to this demand by introducing a wider range of electric models to the market. Another trend in the On-road Motorcycles market in Southern Africa is the rising popularity of smaller and more compact motorcycles. These bikes are easier to maneuver in heavy traffic and are more suitable for urban commuting. Additionally, smaller motorcycles tend to be more affordable, making them accessible to a larger segment of the population. Local special circumstances in Southern Africa also play a role in the development of the On-road Motorcycles market. The region's road infrastructure is often inadequate, with poorly maintained roads and limited access to public transportation. This makes motorcycles a practical and convenient mode of transportation for many people, especially in rural areas where other transportation options are limited. Underlying macroeconomic factors, such as population growth and urbanization, also contribute to the growth of the On-road Motorcycles market in Southern Africa. As the population continues to expand and more people move to urban areas, the demand for affordable and efficient transportation options is expected to increase. Additionally, rising disposable incomes in the region are enabling more consumers to afford motorcycles, further driving market growth. Overall, the On-road Motorcycles market in Southern Africa is experiencing growth due to customer preferences for affordable and efficient transportation, as well as the increasing popularity of motorcycles for recreational purposes. Trends such as the demand for electric motorcycles and smaller, more compact bikes are shaping the market, while local special circumstances and macroeconomic factors are also contributing to its 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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