Off-road Motorcycles - LATAM

LATAM

In 2024, the Off-road Motorcycles market market in LATAM is projected to reach a revenue of US$2.85bn.
It is expected to exhibit an annual growth rate (CAGR 2024-2028) of 5.04%, resulting in a projected market volume of US$3.47bn by 2028.
By 2028, unit sales of Off-road Motorcycles market are expected to reach 0.79m motorcyles.
The volume weighted average price of Off-road Motorcycles market in 2024 is projected to amount to US$4.31k.
From an international perspective, in Brazil is anticipated to generate the highest revenue in the Off-road Motorcycles market market, with US$1,359.00m in 2024.
In LATAM, the off-road motorcycle market is experiencing a surge in popularity due to the region's rugged terrain and growing interest in adventure sports.

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

Market

Region

Region comparison

Currency

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.