On-road Motorcycles - Zimbabwe

Zimbabwe

Highlights

The On-road Motorcycles market segment in Zimbabwe is expected to generate a revenue of US$28.01m in 2024.
This market is projected to experience an annual growth rate of 5.50% from 2024 to 2029, resulting in a market volume of US$36.62m by 2029.
The unit sales of On-road Motorcycles market in Zimbabwe are expected to reach 15.28k motorcyles by 2029.
In 2024, the volume weighted average price of On-road Motorcycles market in Zimbabwe is estimated to be US$2.38k.
When considering the international perspective, it is worth noting that India is expected to generate the highest revenue in the On-road Motorcycles market segment, with US$21.50bn in 2024.
Zimbabwe's on-road motorcycle market is experiencing a surge in demand, driven by an increasing number of commuters seeking affordable and efficient transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Zimbabwe has been experiencing steady growth in recent years, driven by customer preferences for affordable and fuel-efficient transportation options. With a growing middle class and increasing urbanization, more people are turning to motorcycles as a convenient and cost-effective mode of transportation.

Customer preferences: In Zimbabwe, customer preferences for on-road motorcycles are largely influenced by affordability and fuel efficiency. As the cost of living continues to rise, many consumers are seeking more economical alternatives to traditional cars. On-road motorcycles offer a cheaper upfront cost, lower maintenance expenses, and better fuel efficiency compared to cars. Additionally, motorcycles are easier to maneuver in congested urban areas, providing a practical solution for daily commuting.

Trends in the market: One of the key trends in the on-road motorcycles market in Zimbabwe is the increasing popularity of Chinese brands. Chinese motorcycle manufacturers have been able to penetrate the Zimbabwean market by offering competitively priced motorcycles that cater to the needs of budget-conscious consumers. These motorcycles often come with features such as electric start, digital instrument panels, and fuel injection systems, which enhance their appeal to customers. Another trend in the market is the growing demand for motorcycles with larger engine capacities. While smaller engine motorcycles are still popular among entry-level riders and urban commuters, there is an emerging market for more powerful motorcycles that can handle long-distance travel and off-road adventures. This trend is driven by the desire for versatility and the growing popularity of motorcycle touring and recreational riding in Zimbabwe.

Local special circumstances: Zimbabwe's challenging road infrastructure and limited public transportation options have contributed to the growth of the on-road motorcycles market. Many areas in Zimbabwe have poorly maintained roads, making it difficult for cars to navigate. On-road motorcycles, with their smaller size and agility, are better suited to handle these road conditions. Additionally, the lack of reliable public transportation in some areas has created a need for alternative modes of transportation, further driving the demand for motorcycles.

Underlying macroeconomic factors: The growth of the on-road motorcycles market in Zimbabwe is also influenced by underlying macroeconomic factors. The country has experienced periods of economic instability and high inflation rates, which have impacted consumer purchasing power. As a result, many consumers have turned to motorcycles as a more affordable means of transportation. Furthermore, the availability of financing options and flexible payment plans has made motorcycles more accessible to a wider range of consumers, contributing to market growth. In conclusion, the on-road motorcycles market in Zimbabwe is developing due to customer preferences for affordable and fuel-efficient transportation options. The increasing popularity of Chinese brands, the demand for motorcycles with larger engine capacities, the challenging road infrastructure, and limited public transportation options are all factors contributing to the growth of this market. Additionally, underlying macroeconomic factors such as economic instability and the availability of financing options have also played a role in driving market growth.

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.