Off-road Motorcycles - Ireland

Ireland

In 2024, the Off-road Motorcycles market segment in Ireland is projected to generate revenue of €2.52m.
Looking ahead, the segment is expected to experience an annual growth rate of 5.73% from 2024 to 2029, resulting in a projected market volume of €3.33m by 2029.
By that time, unit sales in the Off-road Motorcycles market segment are expected to reach 407.00motorcyles.
In 2024, the volume weighted average price of Off-road Motorcycles market in Ireland is expected to be €8.12k.
From an international perspective, it is evident that Brazil will generate the most revenue in the Off-road Motorcycles market segment, with projected revenue of €1,251.00m in 2024.
Ireland's off-road motorcycle market is experiencing a surge in popularity due to the country's scenic countryside and growing interest in outdoor recreational activities.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Off-road Motorcycles market in Ireland has been experiencing steady growth in recent years.

Customer preferences: Off-road motorcycles are popular among adventure enthusiasts and those who enjoy outdoor activities. The rugged terrain and natural beauty of Ireland make it an ideal destination for off-road biking. Customers in Ireland value durable and high-performance motorcycles that can withstand the challenging terrains and weather conditions. They also prefer motorcycles with advanced features and technologies that enhance the riding experience and ensure safety.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Ireland is the increasing demand for electric off-road motorcycles. As sustainability and environmental consciousness become more important to customers, there is a growing interest in electric vehicles, including motorcycles. Electric off-road motorcycles offer several advantages, such as reduced noise pollution, lower maintenance costs, and zero emissions. The advancements in battery technology have also improved the performance and range of electric motorcycles, making them a viable option for off-road enthusiasts. Another trend in the market is the rise of adventure tourism in Ireland. With its picturesque landscapes and challenging terrains, Ireland has become a popular destination for adventure seekers. This has led to an increase in the number of tourists looking to rent or purchase off-road motorcycles to explore the country's off-road trails. Rental services and adventure tour operators have capitalized on this trend by offering off-road motorcycle experiences to tourists, further driving the demand in the market.

Local special circumstances: Ireland's off-road motorcycle market is influenced by the country's unique geography and climate. The rugged terrain, including mountains, forests, and coastal areas, provides ample opportunities for off-road biking. The unpredictable weather conditions, including rain and wind, require motorcycles that can handle such conditions and provide a stable and safe riding experience. Additionally, the presence of off-road trails and parks across the country attracts both locals and tourists, contributing to the demand for off-road motorcycles.

Underlying macroeconomic factors: The growth of the Off-road Motorcycles market in Ireland can be attributed to several macroeconomic factors. The overall economic stability and rising disposable incomes have increased the purchasing power of consumers, allowing them to invest in recreational activities such as off-road biking. Additionally, the government's focus on promoting tourism and adventure sports has created a favorable environment for the development of the off-road motorcycle market. The presence of local manufacturers and dealerships, as well as international brands, further supports the growth of the market by providing a wide range of options for customers.

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.