Motorcycles market set to grow at 5pc next year
DEMAND: The local motorcycle market is projected to grow at over five per cent between next year and 2025, a report has said.
The report by an American research, firm TechSci Research, attributes the projected growth to increasing income, growing traffic jams and an expected rise in fuel prices.
However, the sales will be low in 2020 due to Covid-19 pandemic, according to the report.
“The major factors propelling the growth of the market are increasing per capita income, growing demand for affordable transportation in the country, worsening traffic gridlocks and rising fuel prices,” adds the report.
Due to the absence of proper public transport, motorcycles are extensively used in various parts of the country.
Two wheeler companies in Kenya are cashing opportunities created by the inefficiency of public transport in the country.
Bodaboda Safety Association of Kenya President, Kevin Mubadi, said the projected growth is good news as it means more youths will get employment across the country.
“It will be creating employment for the many youths in the country who are well educated but are jobless.
We must relieve pressure on government’s Kazi Mtaani Project which targets youths as not everybody can access the opportunity,” he said.
He concurred with the TechSci report that the Covid-19 pandemic has affected bodaboda business.
