| Product Code: ETC5378184 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate from 2023 to 2024, the Maldives motorcycle import market continues to show strong growth with a remarkable CAGR of 30.76% from 2020 to 2024. The top exporting countries to the Maldives include Vietnam, Thailand, Indonesia, Japan, and India, indicating a diverse range of sources for motorcycle imports. However, the high Herfindahl-Hirschman Index (HHI) in 2024 suggests a concentrated market, which could pose challenges for competition and pricing dynamics in the future.

The Motorcycle market in Maldives is projected to grow at a high growth rate of 13.89% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Motorcycle Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Motorcycle Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Motorcycle Market - Industry Life Cycle |
3.4 Maldives Motorcycle Market - Porter's Five Forces |
3.5 Maldives Motorcycle Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Motorcycle Market Revenues & Volume Share, By Engine Capacity, 2021 & 2031F |
4 Maldives Motorcycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the population leading to higher purchasing power for motorcycles. |
4.2.2 Lack of efficient public transportation system in the Maldives, driving the demand for motorcycles as a primary mode of transportation. |
4.2.3 Growth in tourism industry in the Maldives, creating a demand for rental motorcycles for tourists to explore the islands. |
4.3 Market Restraints |
4.3.1 High import taxes and duties on motorcycles, increasing the overall cost for consumers. |
4.3.2 Limited infrastructure such as roads and parking facilities for motorcycles in the Maldives, affecting the convenience of owning and using motorcycles. |
5 Maldives Motorcycle Market Trends |
6 Maldives Motorcycle Market Segmentations |
6.1 Maldives Motorcycle Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Motorcycle Market Revenues & Volume, By Adventure, 2021-2031F |
6.1.3 Maldives Motorcycle Market Revenues & Volume, By Cruiser, 2021-2031F |
6.1.4 Maldives Motorcycle Market Revenues & Volume, By Mopeds, 2021-2031F |
6.1.5 Maldives Motorcycle Market Revenues & Volume, By Sports, 2021-2031F |
6.1.6 Maldives Motorcycle Market Revenues & Volume, By Standard, 2021-2031F |
6.1.7 Maldives Motorcycle Market Revenues & Volume, By Touring, 2021-2031F |
6.2 Maldives Motorcycle Market, By Engine Capacity |
6.2.1 Overview and Analysis |
6.2.2 Maldives Motorcycle Market Revenues & Volume, By 151-300 CC, 2021-2031F |
6.2.3 Maldives Motorcycle Market Revenues & Volume, By 301-500 CC, 2021-2031F |
6.2.4 Maldives Motorcycle Market Revenues & Volume, By 501-800 CC, 2021-2031F |
6.2.5 Maldives Motorcycle Market Revenues & Volume, By 801-1000 CC, 2021-2031F |
6.2.6 Maldives Motorcycle Market Revenues & Volume, By 1001-1600 CC, 2021-2031F |
6.2.7 Maldives Motorcycle Market Revenues & Volume, By Above 1600 CC, 2021-2031F |
7 Maldives Motorcycle Market Import-Export Trade Statistics |
7.1 Maldives Motorcycle Market Export to Major Countries |
7.2 Maldives Motorcycle Market Imports from Major Countries |
8 Maldives Motorcycle Market Key Performance Indicators |
8.1 Average kilometers traveled per motorcycle per month, indicating the usage and demand for motorcycles. |
8.2 Number of motorcycle dealerships and service centers opening in the Maldives, reflecting the growth of the market. |
8.3 Percentage of motorcycles registered for rental services compared to privately owned motorcycles, showing the impact of tourism on the market. |
9 Maldives Motorcycle Market - Opportunity Assessment |
9.1 Maldives Motorcycle Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Motorcycle Market Opportunity Assessment, By Engine Capacity, 2021 & 2031F |
10 Maldives Motorcycle Market - Competitive Landscape |
10.1 Maldives Motorcycle Market Revenue Share, By Companies, 2024 |
10.2 Maldives Motorcycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |