| 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 |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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