Off-road Motorcycles - Algeria

Algeria

in Algeria, a country in North Africa, is expected to experience significant growth in the Off-road Motorcycles market market segment.
According to projections, the revenue in this segment is expected to reach US$28.61m by 2024.
Additionally, a steady annual growth rate (CAGR 2024-2029) of 0.67% is anticipated, resulting in a projected market volume of US$29.58m by 2029.
It is also predicted that unit sales in the Off-road Motorcycles market segment will reach 6.35k motorcyles by 2029.
In 2024, the volume weighted average price of Off-road Motorcycles market in Algeria is expected to amount to US$4.54k.
When comparing international markets, it is evident that Brazil is projected to generate the highest revenue in this segment, with an estimated amount of US$1,364.00m in 2024.
The demand for off-road motorcycles in Algeria is steadily increasing due to the country's rugged terrain and growing interest in adventure sports.

Key regions: Germany, Italy, United States, Portugal, Spain

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Analyst Opinion

The Off-road Motorcycles market in Algeria is experiencing significant growth and development.

Customer preferences: In Algeria, there is a strong demand for off-road motorcycles among outdoor enthusiasts and adventure seekers. These motorcycles are popular for their durability, power, and ability to navigate rough terrains. Algerian customers prefer off-road motorcycles that are capable of handling challenging off-road conditions, such as sandy deserts and rocky mountains. Additionally, there is a growing interest in off-road motorcycle sports and competitions, which further drives the demand for these vehicles.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Algeria is the increasing popularity of recreational off-road riding. Many Algerians are embracing off-road motorcycle riding as a hobby and a way to explore the country's diverse landscapes. This trend is supported by the availability of off-road riding clubs and organized tours that cater to both beginners and experienced riders. As a result, there is a growing market for off-road motorcycles that are suitable for recreational riding and offer a balance between performance and comfort. Another trend in the market is the rise of off-road motorcycle tourism. Algeria is known for its natural beauty and vast wilderness, making it an attractive destination for adventure tourism. Tourists from both domestic and international markets are seeking off-road motorcycle tours and experiences to explore the country's off-the-beaten-path destinations. This trend has led to an increase in the demand for off-road motorcycles that are suitable for long-distance travel and can withstand the rigors of off-road expeditions.

Local special circumstances: Algeria's unique geographical features and diverse terrain contribute to the development of the Off-road Motorcycles market. The country has a vast desert landscape, including the Sahara Desert, which presents a unique opportunity for off-road motorcycle enthusiasts. The availability of expansive sand dunes and challenging desert trails attracts riders who are looking for an adrenaline-fueled adventure. Additionally, Algeria's mountainous regions offer rugged terrains that are ideal for off-road riding, further driving the demand for off-road motorcycles.

Underlying macroeconomic factors: Algeria's growing economy and increasing disposable income levels are significant factors contributing to the development of the Off-road Motorcycles market. As the economy improves, more Algerians have the financial means to pursue their recreational interests, including off-road motorcycle riding. Additionally, the government's focus on promoting tourism and adventure sports in the country has created a favorable environment for the growth of the Off-road Motorcycles market. The availability of financing options and the presence of authorized dealerships also make off-road motorcycles more accessible to a wider customer base.

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.