Motorcycles - Tanzania

Tanzania

Highlights

In 2024, the revenue in the Motorcycles market in Tanzania is projected to reach US$262.80m.
It is expected to show an annual growth rate (CAGR 2024-2029) of 0.25%, resulting in a projected market volume of US$266.10m by 2029.
The largest segment in the market is On-road Motorcycles, with a projected market volume of US$125.20m in 2024.
The unit sales of Motorcycles market in Tanzania are expected to reach 127.30k motorcyles by 2029.
The volume weighted average price of Motorcycles market in the country in 2024 is expected to amount to US$2.04k.
In terms of market share, Bajaj Motorcycles is expected to have the highest share in the selected region, with a motorcycle unit sales share of 12.5% in 2024.
The value market share of Bajaj Motorcycles in Tanzania is expected to stand at 15.2% in 2024.
From an international perspective, it is shown that the most revenue will be generated India, with a projected revenue of US$32.11bn in 2024.
Tanzania's motorcycle market is experiencing a surge in demand due to the country's growing population and the need for affordable transportation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Tanzania has been experiencing significant growth in recent years, driven by various factors such as changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Motorcycles market in Tanzania have been shifting towards more affordable and fuel-efficient models. This is primarily due to the increasing cost of living and the need for cost-effective transportation options. Customers are also looking for motorcycles that are durable and require minimal maintenance, as well as those that offer good value for money. Additionally, there is a growing demand for motorcycles with higher engine capacities, as they are perceived to be more powerful and suitable for long-distance travel. One of the key trends in the Motorcycles market in Tanzania is the rise of Chinese motorcycle brands. These brands have gained popularity due to their affordability and reliability. Chinese motorcycles are often priced lower than their counterparts from other countries, making them more accessible to a wider range of customers. The availability of spare parts and after-sales service for Chinese motorcycles has also improved, further contributing to their popularity in the market. Another trend in the market is the increasing demand for motorcycles for commercial purposes. Many individuals and businesses in Tanzania rely on motorcycles for transportation and delivery services. This demand is driven by the need for efficient and cost-effective solutions in the transportation sector. Motorcycle taxis, commonly known as "boda-bodas," are a popular mode of transportation in urban areas, offering quick and convenient rides to commuters. Local special circumstances, such as the geography and road conditions in Tanzania, also influence the Motorcycles market. The country has diverse terrains, including rural areas with poor road infrastructure. This creates a demand for motorcycles that are suitable for off-road travel and can withstand challenging conditions. Additionally, the high population density in urban areas contributes to the demand for motorcycles as a means of navigating through traffic congestion. Underlying macroeconomic factors play a crucial role in the development of the Motorcycles market in Tanzania. The country's economic growth and rising disposable incomes have increased the purchasing power of consumers, enabling them to afford motorcycles. Additionally, the government has implemented policies to promote the growth of the transportation sector, including the reduction of import duties on motorcycles. These factors have created a favorable environment for the expansion of the Motorcycles market in Tanzania. In conclusion, the Motorcycles market in Tanzania is experiencing significant growth due to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards more affordable and fuel-efficient models, the rise of Chinese motorcycle brands, the increasing demand for motorcycles for commercial purposes, and the influence of local geography and road conditions are all contributing to the development of the market. The country's economic growth and government policies also play a vital role in driving the growth of the Motorcycles market in Tanzania.

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.