Motorcycles - Romania

Romania

Highlights

Revenue in the Motorcycles market in Romania is projected to reach US$20.78m in 2024.
The market is expected to show an annual growth rate (CAGR 2024-2029) of 9.56%, resulting in a projected market volume of US$32.80m by 2029.
The largest segment in the market is On-road Motorcycles, with a projected market volume of US$16.28m in 2024.
Motorcycles market unit sales are expected to reach 3.43k motorcyles in 2029.
The volume weighted average price of Motorcycles market in Romania in 2024 is expected to be US$9.38k.
Honda Motorcycles is expected to have the highest market share in the selected region, with a motorcycle unit sales share of 15.6% in 2024.
The value market share of Honda Motorcycles in Romania is expected to stand at 13.5% in 2024.
From an international perspective, it is shown that the most revenue will be generated India, with US$32.11bn in 2024.
The motorcycle market in Romania has seen a surge in popularity, with a growing number of young professionals opting for motorcycles as their primary mode of transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Romania has experienced significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Motorcycles market in Romania have shifted towards more fuel-efficient and environmentally friendly options. Consumers are increasingly opting for electric motorcycles, which offer lower emissions and reduced fuel consumption compared to traditional gasoline-powered bikes. This shift in preference can be attributed to growing environmental awareness and the desire to reduce carbon footprints. Additionally, customers are also seeking motorcycles that offer better performance and advanced features, such as improved safety systems and connectivity options. Trends in the Motorcycles market in Romania are also influenced by global and regional market developments. One notable trend is the growing popularity of adventure motorcycles, which are designed for both on-road and off-road riding. This trend is driven by the increasing number of motorcycle enthusiasts who are seeking versatile bikes that can handle various terrains. Another trend is the rise of electric motorcycles, as mentioned earlier. This trend is not only seen in Romania but also in many other countries worldwide, as governments and consumers alike are embracing greener transportation options. Local special circumstances in Romania also contribute to the development of the Motorcycles market. The country has a rich motorcycle culture, with a strong community of riders and motorcycle clubs. This culture fosters a sense of camaraderie and passion for motorcycles, driving demand in the market. Additionally, Romania offers diverse landscapes and scenic routes, making it an attractive destination for motorcycle tourism. This, in turn, creates opportunities for motorcycle manufacturers and dealers to cater to both domestic and international tourists. Underlying macroeconomic factors play a crucial role in shaping the Motorcycles market in Romania. The country's economic growth and rising disposable incomes have increased consumer spending power, enabling more individuals to purchase motorcycles. Furthermore, favorable government policies, such as tax incentives and subsidies for electric vehicles, have encouraged the adoption of electric motorcycles in Romania. These policies not only support the growth of the market but also contribute to the country's sustainability goals. In conclusion, the Motorcycles market in Romania is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards fuel-efficient and environmentally friendly options, the rise of adventure and electric motorcycles, the country's motorcycle culture and scenic routes, and favorable government policies all contribute to the growth of the market. As these factors continue to evolve, the Motorcycles market in Romania is expected to further expand in the coming years.

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.