On-road Motorcycles - Switzerland

Switzerland

The On-road Motorcycles market segment in Switzerland is expected to experience significant growth in the coming years.
According to projections, the revenue in this segment is set to reach US$0.46bn in 2024.
This demonstrates the potential for a prosperous market in Switzerland for On-road Motorcycles market.
Furthermore, it is anticipated that the revenue will continue to grow at an annual rate of 1.27% from 2024 to 2029, resulting in a projected market volume of US$0.49bn by 2029.
This indicates a promising future for the On-road Motorcycles market segment in Switzerland, with increasing demand and market expansion.
In terms of unit sales, it is estimated that the On-road Motorcycles market segment will see a significant increase, with sales reaching 35.09k motorcyles units by 2029.
This suggests a rising interest and demand for On-road Motorcycles market in the Swiss market.
Additionally, the volume weighted average price of On-road Motorcycles market in Switzerland is expected to be around US$14.00k in 2024.
This indicates the average price that consumers can expect to pay for On-road Motorcycles market in the country.
From an international perspective, it is worth noting that India is projected to generate the highest revenue in the On-road Motorcycles market segment, with an estimated revenue of US$21,500.00m in 2024.
This highlights the global significance and potential of the On-road Motorcycles market market, with different countries contributing to its growth and success.
Switzerland's on-road motorcycle market is experiencing a surge in demand for electric motorcycles due to the country's commitment to sustainability and environmental consciousness.

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

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Analyst Opinion

The On-road Motorcycles market in Switzerland has been experiencing significant growth in recent years.

Customer preferences: Swiss customers have shown a strong preference for on-road motorcycles due to their versatility and convenience. On-road motorcycles offer a practical mode of transportation, especially in urban areas with heavy traffic. They are also popular among adventure enthusiasts who enjoy long rides through Switzerland's picturesque landscapes. Additionally, the increasing popularity of motorcycle clubs and events has contributed to the growing demand for on-road motorcycles.

Trends in the market: One of the key trends in the on-road motorcycles market in Switzerland is the rising demand for electric motorcycles. As the country focuses on sustainability and reducing carbon emissions, electric motorcycles have gained traction among environmentally-conscious consumers. The advancements in battery technology have significantly improved the performance and range of electric motorcycles, making them a viable alternative to traditional gasoline-powered bikes. Another trend in the market is the growing popularity of retro-styled motorcycles. Swiss consumers have shown a preference for classic designs that evoke a sense of nostalgia. Retro-styled motorcycles offer a unique blend of vintage aesthetics and modern technology, appealing to riders who value both style and performance.

Local special circumstances: Switzerland's unique geography and infrastructure have also influenced the development of the on-road motorcycles market. The country is known for its winding mountain roads and scenic routes, making it an ideal destination for motorcycle enthusiasts. The Swiss government has recognized the importance of motorcycle tourism and has invested in infrastructure improvements to cater to riders. This has further fueled the demand for on-road motorcycles in the country.

Underlying macroeconomic factors: The strong Swiss economy has played a crucial role in the growth of the on-road motorcycles market. With a high per capita income and low unemployment rate, Swiss consumers have the purchasing power to invest in recreational vehicles like motorcycles. The stable economy has also created a favorable environment for motorcycle manufacturers and dealerships, encouraging them to expand their presence in the Swiss market. In conclusion, the on-road motorcycles market in Switzerland is experiencing growth due to customer preferences for versatile transportation options, the rising demand for electric motorcycles, the popularity of retro-styled bikes, the country's unique geography and infrastructure, and the strong Swiss economy. These factors are driving the development of the market and are expected to continue shaping its future.

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.