On-road Motorcycles - Czechia

Czechia

The On-road Motorcycles market segment in Czechia is projected to witness a substantial increase in revenue, reaching US$232.60m in 2024.
This growth is expected to continue at an annual rate of 6.74% between 2024 and 2028, resulting in a projected market volume of US$301.90m by the end of 2028.
Furthermore, it is anticipated that the unit sales within this segment will reach 20.15k motorcyles by 2028.
In terms of pricing, the volume weighted average price of On-road Motorcycles market in Czechia is expected to be US$14.93k in 2024.
It is worth noting that when considering the international market, in India is predicted to generate the highest revenue in the On-road Motorcycles market segment, amounting to US$21,360.00m in 2024.
Czechia is experiencing a surge in the popularity of electric motorcycles, with an increasing number of riders opting for eco-friendly and energy-efficient options.

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

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Analyst Opinion

The On-road Motorcycles market in Czechia has been experiencing significant growth in recent years.

Customer preferences: Customers in Czechia have shown a strong preference for on-road motorcycles, which are designed for use on paved roads. This preference can be attributed to several factors. Firstly, on-road motorcycles offer convenience and flexibility for commuting and urban travel. They are compact and agile, making them ideal for navigating through congested city streets. Secondly, on-road motorcycles are generally more fuel-efficient than larger vehicles, which is an important consideration for cost-conscious consumers. Finally, the thrill and excitement of riding a motorcycle is a major draw for many customers in Czechia.

Trends in the market: One of the key trends in the on-road motorcycles market in Czechia is the increasing demand for electric motorcycles. This trend is driven by a growing awareness of environmental issues and a desire for more sustainable transportation options. Electric motorcycles offer a cleaner and more eco-friendly alternative to traditional gasoline-powered bikes. In addition, advancements in battery technology have improved the range and performance of electric motorcycles, making them a viable option for everyday commuting. As a result, many manufacturers are introducing electric models to cater to this emerging market segment. Another trend in the market is the rise of retro-styled motorcycles. Retro bikes, with their classic designs and nostalgic appeal, have gained popularity among consumers in Czechia. These motorcycles combine vintage aesthetics with modern technology, offering a unique blend of style and performance. The retro trend reflects a desire for individuality and personal expression among motorcycle enthusiasts.

Local special circumstances: Czechia has a strong motorcycle culture, with a long history of motorcycle manufacturing and racing. The country is known for its skilled craftsmanship and engineering expertise, which has contributed to the development of high-quality motorcycles. This heritage has created a favorable environment for the on-road motorcycles market in Czechia, with a strong domestic industry and a loyal customer base.

Underlying macroeconomic factors: The growth of the on-road motorcycles market in Czechia is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. As a result, more individuals have the financial means to purchase motorcycles and engage in recreational activities. In addition, the improving infrastructure and road network in Czechia have made motorcycles a more viable mode of transportation, further driving the demand for on-road motorcycles. In conclusion, the on-road motorcycles market in Czechia is witnessing growth due to customer preferences for convenience, fuel efficiency, and the thrill of riding. The market is also influenced by trends such as the rise of electric motorcycles and retro-styled bikes. The strong motorcycle culture and favorable macroeconomic factors in Czechia contribute 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.