On-road Motorcycles - Sweden

Sweden

Highlights

The On-road Motorcycles market segment in Sweden is forecasted to generate revenue of US$80.84m in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of -0.33%, resulting in a projected market volume of US$79.53m by 2029.
The unit sales in the On-road Motorcycles market segment are estimated to reach 5.62k motorcyles in 2029.
The volume weighted average price of On-road Motorcycles market in Sweden in 2024 is projected to be US$13.97k.
When considering the global market, India is expected to generate the highest revenue of US$21.50bn in 2024.
Sweden's on-road motorcycle market is experiencing a surge in demand for electric motorcycles, driven by the country's strong focus on sustainability and eco-friendly transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Sweden has seen significant growth in recent years, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences have played a crucial role in the development of the On-road Motorcycles market in Sweden. Swedish consumers have shown a growing interest in eco-friendly and sustainable transportation options. This has led to an increased demand for electric motorcycles, which are perceived as more environmentally friendly than traditional gasoline-powered motorcycles. Additionally, there is a preference for motorcycles that offer a high level of safety features, comfort, and advanced technology. Trends in the market have also shaped the development of the On-road Motorcycles market in Sweden. One prominent trend is the rise of urban commuting on motorcycles. With increasing traffic congestion in cities, motorcycles offer a convenient and efficient mode of transportation. This trend has been further fueled by the availability of smaller and more agile motorcycles that are well-suited for navigating through crowded city streets. Another trend in the market is the growing popularity of adventure touring motorcycles. Swedish riders are increasingly seeking motorcycles that can handle both on-road and off-road conditions, allowing them to explore the country's diverse landscapes. Adventure touring motorcycles offer a combination of comfort, versatility, and performance, making them an attractive choice for Swedish riders who enjoy long-distance travel and outdoor adventures. Local special circumstances have also influenced the development of the On-road Motorcycles market in Sweden. The country's extensive network of well-maintained roads and scenic landscapes make it an ideal destination for motorcycle enthusiasts. The Swedish government has also implemented favorable policies and regulations to promote motorcycle safety and encourage the use of motorcycles as a means of transportation. These factors have contributed to the growth of the market and the increasing number of motorcycles on Swedish roads. Underlying macroeconomic factors have further supported the development of the On-road Motorcycles market in Sweden. The country has a strong economy and a high standard of living, which has increased disposable income and consumer purchasing power. This has allowed more individuals to afford motorcycles and participate in the market. Additionally, low interest rates and favorable financing options have made it easier for consumers to finance their motorcycle purchases. In conclusion, the On-road Motorcycles market in Sweden has experienced significant growth due to changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for eco-friendly and sustainable transportation, urban commuting, and adventure touring motorcycles has driven the market forward. The country's favorable policies, well-maintained roads, and strong economy have also 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.