Motorcycles - Spain

  • Spain
  • The Motorcycles market in Spain is expected to generate a revenue of €2.06bn by 2024.
  • This projection indicates an annual growth rate of 2.93% (CAGR 2024-2029), which would result in a market volume of €2.38bn by 2029.
  • Among the various segments in the market, the largest one is On-road Motorcycles, which is projected to reach a market volume of €1.60bn in 2024.
  • In terms of unit sales, the Motorcycles market is expected to reach 216.90k motorcyles units by 2029.
  • The volume weighted average price of Motorcycles market in the market is estimated to be €10.96k in 2024.
  • When considering market share, Other is expected to dominate the market in Spain with a share of 61.5% in 2024.
  • This translates to a value market share of 60.0% for Other in the selected region.
  • On an international level, India is projected to generate the highest revenue in the Motorcycles market, amounting to €29,470.00m in 2024.
  • In Spain, the market for motorcycles is experiencing a surge in demand due to the country's warm climate and a growing interest in eco-friendly transportation options.

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

 
Marché
 
Marque
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

The Motorcycles market in Spain is experiencing steady growth, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences:
In recent years, there has been a shift in customer preferences towards motorcycles in Spain. This can be attributed to several factors, including the increasing urbanization and congestion in cities, as well as the rising cost of fuel. Motorcycles offer a more convenient and cost-effective mode of transportation, especially for short distances. Additionally, motorcycles are seen as a stylish and adventurous choice for many consumers, appealing to the younger generation in particular.

Trends in the market:
One of the key trends in the motorcycles market in Spain is the growing demand for electric motorcycles. With the increasing focus on sustainability and environmental consciousness, more consumers are opting for electric vehicles, including motorcycles. Electric motorcycles offer a clean and efficient alternative to traditional gasoline-powered bikes, with lower emissions and reduced operating costs. This trend is expected to continue as the technology improves and the charging infrastructure expands. Another trend in the market is the rise of shared mobility services. Similar to the global trend, Spain has witnessed the emergence of motorcycle-sharing platforms, allowing users to rent motorcycles for short periods of time. This trend has gained popularity among urban dwellers who prefer the flexibility and convenience of using a motorcycle without the need for ownership. These shared mobility services are often accessed through mobile applications, making it easier for consumers to find and book a motorcycle when needed.

Local special circumstances:
Spain's warm climate and scenic landscapes make it an ideal country for motorcycle enthusiasts. The country offers a diverse range of terrains, from winding mountain roads to picturesque coastal routes, attracting both local riders and tourists. The popularity of motorcycle tourism has contributed to the growth of the market, with many riders exploring different regions of Spain on their motorcycles.

Underlying macroeconomic factors:
The overall economic stability and increasing disposable income in Spain have also played a role in the growth of the motorcycles market. As the economy improves, consumers have more purchasing power and are more likely to invest in recreational vehicles such as motorcycles. Additionally, the availability of financing options and favorable interest rates have made it easier for consumers to afford motorcycles. In conclusion, the motorcycles market in Spain is experiencing growth due to changing customer preferences, emerging trends such as electric motorcycles and shared mobility services, as well as local special circumstances such as the popularity of motorcycle tourism. The underlying macroeconomic factors, including economic stability and increasing disposable income, have also contributed to the market's development.

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.

Vue d’ensemble

  • Unit Sales
  • Analyst Opinion
  • Revenue
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
Veuillez patienter

Contact

Des questions ? Nous nous ferons un plaisir de vous aider.
Statista Locations
Contact Camille Dubois
Camille Dubois
Customer Relations

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (États-Unis)

Lun - Ven, 9:00 - 18:00 h (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asie)

Lun - Ven, 9:00 - 17:00 h (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asie)

Lun - Ven, 10:00 - 18:00 h (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Lun - Ven, 9:00 - 18:00 h (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Amérique latine)

Lun - Ven, 9:00 - 18:00 h (EST)