Motorcycles - Switzerland

Switzerland

In 2024, the projected revenue in the Motorcycles market in Switzerland is expected to reach €533.80m.
The market is expected to grow at an annual rate of 1.21% from 2024 to 2029, resulting in a projected market volume of €566.90m by 2029.
The largest segment in the market is On-road Motorcycles, which is projected to have a market volume of €423.50m in 2024.
By 2029, the unit sales of Motorcycles market in Switzerland are expected to reach 52.35k motorcyles.
The volume weighted average price of Motorcycles market in the market is projected to be €10.96k in 2024.
In terms of market share, Other is expected to have the highest market share in Switzerland in 2024, with a motorcycle unit sales share of 38.0%.
The value market share of Other in the selected region is projected to be 35.6% in 2024.
From an international perspective, it is shown that India is expected to generate the highest revenue in the Motorcycles market, with a projected revenue of €29,470.00m in 2024.
Switzerland's motorcycle market is dominated by high-end brands, with a strong demand for luxury and performance models.

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

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Analyst Opinion

The Motorcycles market in Switzerland has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Swiss customers have shown a growing interest in motorcycles due to their versatility and fuel efficiency. Motorcycles offer a convenient mode of transportation, especially in urban areas with heavy traffic congestion. Additionally, motorcycles are often favored by adventure enthusiasts and outdoor enthusiasts who enjoy exploring Switzerland's scenic landscapes. The popularity of motorcycles among young adults and middle-aged professionals has also contributed to the market growth.

Trends in the market: One of the key trends in the Swiss motorcycles market is the increasing demand for electric motorcycles. As environmental concerns and sustainability become more prominent, customers are seeking greener alternatives to traditional gasoline-powered motorcycles. Electric motorcycles offer lower emissions and reduced noise pollution, making them an attractive choice for eco-conscious consumers. The advancements in battery technology and the availability of charging infrastructure have further supported the growth of the electric motorcycle segment. Another trend in the market is the rising popularity of premium and luxury motorcycles. Swiss customers are willing to invest in high-end motorcycles that offer advanced features, superior performance, and a prestigious brand image. The demand for premium motorcycles has been fueled by the increasing disposable income and the desire for luxury among affluent consumers. Motorcycle manufacturers are responding to this trend by introducing new models with innovative technologies and premium aesthetics.

Local special circumstances: Switzerland's unique geography and road infrastructure have influenced the motorcycles market. The country is known for its picturesque mountain roads and winding alpine routes, making it an ideal destination for motorcycle enthusiasts. The availability of well-maintained roads and scenic routes has attracted both local and international riders to explore Switzerland on motorcycles. Additionally, Switzerland has a strong motorcycle culture, with various motorcycle clubs and events that contribute to the market's vibrancy.

Underlying macroeconomic factors: The overall economic stability in Switzerland has played a significant role in the growth of the motorcycles market. The country has a high standard of living and a strong purchasing power, allowing consumers to afford motorcycles as a recreational vehicle or a means of daily transportation. Furthermore, the low unemployment rate and favorable lending conditions have made it easier for individuals to finance their motorcycle purchases. In conclusion, the Motorcycles market in Switzerland is experiencing growth due to customer preferences for versatile and fuel-efficient transportation options, the increasing demand for electric motorcycles, the popularity of premium and luxury motorcycles, local special circumstances such as Switzerland's unique geography and road infrastructure, and underlying macroeconomic factors such as economic stability and favorable lending conditions. The market is expected to continue its upward trajectory as more customers embrace motorcycles as a mode of transportation and recreation.

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.