The On-road Motorcycles market in France is experiencing significant growth and development.
Customer preferences: Customers in France are increasingly opting for on-road motorcycles as a mode of transportation due to their convenience, affordability, and environmental friendliness. On-road motorcycles provide a practical solution for navigating through traffic-congested urban areas and are particularly popular among young professionals and urban dwellers. Additionally, the rising popularity of adventure tourism and the desire for recreational activities have also contributed to the increased demand for on-road motorcycles.
Trends in the market: One of the key trends in the on-road motorcycles market in France is the growing demand for electric motorcycles. As the country aims to reduce carbon emissions and promote sustainable transportation, there has been a significant shift towards electric vehicles, including motorcycles. The availability of government incentives and subsidies for electric motorcycle purchases has further fueled the demand. This trend is expected to continue in the coming years as the technology improves and the charging infrastructure becomes more widespread. Another trend in the market is the increasing popularity of retro-style motorcycles. French consumers have shown a preference for vintage-inspired designs that evoke a sense of nostalgia and style. Motorcycle manufacturers have responded to this trend by introducing models with classic aesthetics combined with modern technology. The retro-style motorcycles appeal to a wide range of consumers, from young riders looking for a unique and stylish ride to older riders who appreciate the classic design.
Local special circumstances: France has a strong motorcycle culture, with a long history of motorcycling events, clubs, and enthusiasts. The country hosts several prestigious motorcycle races, such as the Le Mans 24 Hours and the Bol d'Or, which attract a large number of spectators and participants. This vibrant motorcycle culture contributes to the overall demand for on-road motorcycles in the country.
Underlying macroeconomic factors: The growth of the on-road motorcycles market in France is also influenced by macroeconomic factors. The country has a stable economy with a high level of disposable income, which allows consumers to afford recreational vehicles like motorcycles. Additionally, the availability of flexible financing options and low-interest rates make it easier for consumers to purchase motorcycles. The presence of a well-developed road infrastructure and a favorable climate for motorcycle riding also contribute to the market growth. In conclusion, the on-road motorcycles market in France is experiencing growth and development driven by customer preferences for convenience and environmental friendliness. The market is witnessing trends such as the increasing demand for electric motorcycles and the popularity of retro-style designs. The local special circumstances, including France's strong motorcycle culture, further contribute to the market growth. Overall, the market is supported by underlying macroeconomic factors such as a stable economy, high disposable income, and favorable financing options.
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.
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