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2020-10-07
481
Africa
Africa motorcycle market is projected to grow at a CAGR of 10% over the forecast period of 2017-2030, on the back of inadequate public transportation system, growing urbanization and increasing import of motorcycles across the region. Moreover, increasing penetration of Chinese and Indian low-cost two-wheelers in Africa two-wheeler market through the two-wheeler importers are providing more options to the customers, which is expected to positively influence the Africa Motorcycles market during 2030.
Motorcycle segment was the largest segment (by volume) of African Two Wheeler Industry in 2019 and is expected to dominate the market during 2017-2030 due to its larger fuel carrying capacity and better maneuverability in the rugged road conditions across the African region. Although outbreak of COVID-19 has resulted in motorcycles' demand decline by 30% in Egypt yet the country is expected to continue accounting for the largest share in Africa two-wheeler industry, primarily due to lack of public transportation system, increasing number of female riders as well as easy financing options and growing per capita income in the country. Nigeria accounted for the second-largest share in Africa Motorcycle market in 2019 due to inadequate public intra-city transport system, increasing economic activity as well as rising demand for last-mile delivery purposes. As the people are getting smarter more and more consumers are shifting towards the electric vehicles and it has been adopted at a large scale in the countries like United States of America and Canada and in the upcoming future electric vehicles like electric cars, electric bikes and motorcycles will be more preferred in the Africa and the Asia Pacific region.
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