how many more motorbikes are on the roads in south
In South Africa, the motorcycle market is experiencing significant growth. Recent reports highlight that motorcycle sales have increased dramatically, with a reported growth of 20.8% in 2024 alone. This surge is attributed to various factors, including growing demand for cost-effective transportation options and an increase in the popularity of biking as a lifestyle choice.
Current Trends
- Market Size: The South African two-wheeler market is expected to reach approximately USD 104.98 million by 2025, with substantial projected growth to USD 210.44 million by 2029, marking a CAGR of 18.99%.
- Projected Growth: The overall two-wheeler market, which includes motorbikes, is projected to grow at a CAGR of over 3% during the period from 2024 to 2028.
Future Projections
Looking ahead, by 2025, the motorcycle market across Africa, including South Africa, is expected to generate around USD 5.00 billion. This expansion indicates a sustained interest in motorcycles as both practical means of transport and recreational vehicles.
Implications
The increase in motorcycle sales reflects a broader trend in personal mobility preferences in urban areas, driven by the need for affordable and efficient transport solutions amidst rising fuel costs and traffic congestion. As a result, more motorbikes are expected on South African roads in the coming years.
For more details, you can visit the links below:
- SA motorcycle sales grow 20.8% in 2024 - BusinessLIVE
- South Africa Two-Wheeler Market Size & Share Analysis
- South African Two-Wheeler Market Forecast, 2020-2025
This data collectively suggests a robust upward trend in motorcycle usage in South Africa, indicating that more motorbikes will indeed be on the roads.
Sources
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