Motorcycles - Tunisia

Tunisia

The Motorcycles market in Tunisia is projected to generate a revenue of US$42.06m in 2024.
It is expected to experience an annual growth rate of 1.18% (CAGR 2024-2029), leading to a projected market volume of US$44.61m by 2029.
The largest segment in the market is On-road Motorcycles, with a projected market volume of US$25.01m in 2024.
In 2029, the unit sales of Motorcycles market are expected to reach 16.34k motorcyles.
The volume weighted average price of Motorcycles market in 2024 is anticipated to be US$2.68k.
Other is expected to hold the highest market share in the selected region, with a motorcycle unit sales share of 40.3% in 2024.
The value market share of Other in the selected region is projected to be 46.3% in 2024.
From an international perspective, it is evident that India will generate the most revenue, with US$32,110.00m in 2024.
Tunisia's motorcycle market is experiencing a surge in demand for off-road bikes, driven by the country's diverse terrain and growing interest in off-roading activities.

Key regions: Thailand, Italy, Indonesia, Spain, Germany

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Analyst Opinion

The Motorcycles market in Tunisia has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for the growth in the Motorcycles market in Tunisia is the increasing preference for two-wheeled vehicles among the younger population. Motorcycles are seen as a more affordable and convenient mode of transportation, especially in urban areas with heavy traffic congestion. Additionally, motorcycles are often associated with a sense of freedom and adventure, which appeals to the younger generation.

Trends in the market: One notable trend in the Motorcycles market in Tunisia is the rising demand for electric motorcycles. As environmental concerns become more prominent, there is a growing interest in eco-friendly transportation options. Electric motorcycles offer a cleaner and more sustainable alternative to traditional gasoline-powered bikes. This trend is in line with the global shift towards electric vehicles and is expected to continue in the coming years. Another trend in the market is the increasing popularity of sport and off-road motorcycles. Tunisia has a diverse landscape, including desert areas and mountainous regions, which makes it an ideal destination for off-road biking enthusiasts. The demand for sport and off-road motorcycles has been fueled by the growing interest in adventure tourism and outdoor activities.

Local special circumstances: One of the factors contributing to the growth of the Motorcycles market in Tunisia is the relatively low cost of motorcycles compared to other forms of transportation. This makes motorcycles an attractive option for individuals who are looking for affordable mobility solutions. Additionally, the availability of financing options and the ease of obtaining a motorcycle license have also contributed to the market growth.

Underlying macroeconomic factors: The overall economic growth in Tunisia has had a positive impact on the Motorcycles market. As the economy improves, more individuals have the disposable income to purchase motorcycles. Furthermore, the government has implemented policies to promote the automotive industry, including the motorcycles sector. These policies have created a favorable business environment for motorcycle manufacturers and distributors, leading to increased investments and market growth. In conclusion, the Motorcycles market in Tunisia is experiencing growth due to the increasing preference for two-wheeled vehicles among the younger population, the rising demand for electric motorcycles, and the popularity of sport and off-road bikes. The relatively low cost of motorcycles, availability of financing options, and favorable government policies have also contributed to the market growth. With the continued economic development and the growing interest in sustainable transportation, the Motorcycles market in Tunisia is expected to further expand in the coming years.

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.