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The Motorcycles market in South Africa has seen significant development in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Motorcycles market in South Africa have shifted towards more fuel-efficient and environmentally friendly options. This is in line with global trends, as customers become more conscious of their carbon footprint and seek sustainable transportation solutions. Additionally, there is a growing demand for motorcycles that offer comfort, safety features, and advanced technology. Customers are increasingly looking for motorcycles that provide a smooth and enjoyable riding experience, while also meeting their practical needs. Trends in the market include the rise of electric motorcycles, which offer a greener alternative to traditional petrol-powered bikes. This trend is fueled by advancements in battery technology and government initiatives promoting electric mobility. As the infrastructure for charging electric vehicles improves, more customers are likely to embrace electric motorcycles as a viable transportation option. Another trend in the Motorcycles market in South Africa is the growing popularity of adventure motorcycles. These bikes are designed for off-road and long-distance travel, appealing to customers who seek adventure and exploration. This trend is influenced by the country's diverse landscapes and the desire for outdoor recreational activities. Local special circumstances in South Africa also contribute to the development of the Motorcycles market. The country has a large population of young people who are increasingly interested in motorcycles as a mode of transportation. Motorcycles offer a cost-effective and convenient way to navigate through traffic and reach their destinations quickly. Additionally, the affordability of motorcycles compared to cars makes them an attractive option for many South Africans. Underlying macroeconomic factors, such as economic growth and urbanization, also play a role in the development of the Motorcycles market in South Africa. As the economy grows and more people move to urban areas, the demand for motorcycles as a means of transportation is likely to increase. Motorcycles provide a flexible and efficient mode of transport in congested cities, allowing commuters to navigate through traffic and reach their destinations faster. In conclusion, the Motorcycles market in South Africa is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards more fuel-efficient and environmentally friendly options, the rise of electric motorcycles, the popularity of adventure bikes, the large population of young people, and the need for cost-effective transportation solutions are all driving the growth of the market. As the market continues to evolve, manufacturers and retailers need to adapt to these trends and cater to the changing needs and preferences of customers in South Africa.
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.Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 17:00 h (SGT)
Lun - Ven, 10:00 - 18:00 h (JST)
Lun - Ven, 9:00 - 18:00 h (GMT)
Lun - Ven, 9:00 - 18:00 h (EST)