Motorcycles - Slovenia

Slovenia

Highlights

In 2024, the projected revenue in the Motorcycles market in Slovenia is expected to reach US$22.50m.
This is anticipated to show an annual growth rate (CAGR 2024-2029) of 3.01%, resulting in a projected market volume of US$26.10m by 2029.
The largest segment in the market is On-road Motorcycles, projected to have a market volume of US$17.52m in 2024.
In 2029, it is forecasted that Motorcycles market unit sales will reach 2.77k motorcyles.
The volume weighted average price of the Motorcycles market in Slovenia in 2024 is expected to be US$9.28k.
KTM Motorcycles is expected to have the highest market share in the selected region, with a motorcycle unit sales share of 17.4% in 2024.
Furthermore, the value market share of KTM Motorcycles in the selected region is projected to stand at 21.4% in 2024.
From an international perspective, it is evident that India will generate the most revenue, with US$32.11bn in 2024.
The motorcycle market in Slovenia is experiencing a surge in demand for electric bikes, as consumers prioritize sustainability and eco-friendly transportation options.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Slovenia has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Motorcycles market in Slovenia have shifted towards more fuel-efficient and environmentally friendly vehicles. This can be attributed to increasing awareness of climate change and the need for sustainable transportation options. As a result, there has been a growing demand for electric motorcycles and scooters, which offer lower emissions and reduced fuel consumption compared to traditional gasoline-powered motorcycles. Trends in the market also reflect the changing needs and preferences of customers in Slovenia. One notable trend is the rise of urban mobility solutions, such as lightweight and compact motorcycles designed for city commuting. These motorcycles offer convenience, maneuverability, and cost-effectiveness, making them popular among urban dwellers who are looking for efficient ways to navigate through traffic and limited parking spaces. Another trend in the Motorcycles market in Slovenia is the increasing popularity of adventure and off-road motorcycles. This can be attributed to the country's diverse terrain, which includes mountains, forests, and rural areas that are ideal for off-road riding. Adventure motorcycles offer the versatility and durability needed to explore these challenging terrains, attracting outdoor enthusiasts and adventure seekers. Local special circumstances also play a role in shaping the Motorcycles market in Slovenia. The country has a strong motorcycle culture, with a significant number of enthusiasts and clubs organizing events and gatherings. This creates a sense of community and fosters a passion for motorcycles, driving the demand for various types of motorcycles and related accessories. Underlying macroeconomic factors further contribute to the growth of the Motorcycles market in Slovenia. The country has experienced steady economic growth in recent years, leading to increased disposable income and consumer spending. This has allowed more individuals to afford motorcycles and invest in their leisure activities, including motorcycle riding. In conclusion, the Motorcycles market in Slovenia 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 vehicles, the rise of urban mobility solutions, the popularity of adventure and off-road motorcycles, the strong motorcycle culture, and the country's economic growth all contribute to the growth of the market.

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.