Motorcycles - LATAM

LATAM

Revenue in the Motorcycles market in LATAM is projected to reach US$15.73bn in 2024.
The market is expected to show an annual growth rate (CAGR 2024-2028) of 4.92%, resulting in a projected market volume of US$19.06bn by 2028.
The largest segment in the market is On-road Motorcycles with a projected market volume of US$11.24bn in 2024.
Unit sales of Motorcycles market in LATAM are expected to reach 4.42m motorcyles in 2028.
The volume weighted average price of Motorcycles market in the region in 2024 is expected to be US$4.18k.
With a motorcycle unit sales share of 0.0% in 2024, [volumeBrandCurrentYearValue] is expected to have the highest market share in the selected region.
The value market share of the make 0.0% in the selected region is expected to be 0.0% in 2024.
From an international perspective, it is shown that the most revenue will be generated in India ( US$31,140.00m in 2024).
The LATAM motorcycle market is experiencing a surge in demand for electric motorcycles, driven by increasing environmental consciousness and government initiatives to promote sustainable transportation.

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

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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.