The Motorcycles market in Bahrain has been steadily growing in recent years, driven by changing customer preferences, evolving market trends, and local special circumstances.
Customer preferences: In Bahrain, there has been a notable shift in customer preferences towards motorcycles as a mode of transportation. This can be attributed to several factors such as the increasing traffic congestion in urban areas, rising fuel prices, and a growing interest in recreational activities. Motorcycles offer a more convenient and cost-effective alternative for commuting, especially in crowded cities where parking spaces are limited. Additionally, the thrill and freedom associated with riding motorcycles appeal to a younger demographic who seek adventure and excitement in their daily lives.
Trends in the market: One of the key trends in the Bahraini motorcycle market is the growing demand for electric motorcycles. As environmental concerns become more prominent, consumers are increasingly opting for eco-friendly transportation options. Electric motorcycles offer a greener alternative to traditional petrol-powered bikes, with lower emissions and reduced noise pollution. Furthermore, advancements in battery technology have improved the performance and range of electric motorcycles, making them a viable option for everyday commuting. Another trend in the market is the rising popularity of sports motorcycles. Bahrain has a vibrant motorsports culture, with a strong interest in motorcycle racing and events. This has led to a growing demand for high-performance sports motorcycles among enthusiasts and professionals. Manufacturers have responded to this trend by introducing a wide range of sports motorcycles with advanced features and technologies, catering to the specific needs of this niche market.
Local special circumstances: Bahrain's small size and well-developed infrastructure make it an ideal market for motorcycles. The country has a well-connected road network, with smooth and well-maintained highways, making it easier for riders to navigate through different areas. Additionally, the warm climate and scenic landscapes make Bahrain a popular destination for motorcycle tours and recreational riding. This has further contributed to the growth of the motorcycle market, as both locals and tourists seek to explore the country on two wheels.
Underlying macroeconomic factors: Bahrain's strong economy and high disposable income levels have also played a significant role in the growth of the motorcycle market. As individuals have more purchasing power, they are more likely to invest in recreational vehicles such as motorcycles. Furthermore, the government's supportive policies and regulations, such as easy financing options and affordable insurance rates, have made it more accessible for consumers to purchase motorcycles. In conclusion, the Motorcycles market in Bahrain is experiencing steady growth due to changing customer preferences, emerging market trends, favorable local circumstances, and underlying macroeconomic factors. The shift towards motorcycles as a mode of transportation, the demand for electric and sports motorcycles, the country's small size and well-developed infrastructure, and the strong economy all contribute to the positive development of the market.
Data coverage:
Data encompasses B2C enterprises. Figures are based on motorcycle sales and revenue excluding scooters/mopeds under 50cc category.Modeling approach / Market size:
Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use manufacturer websites, national statistics offices, motorcycle associations, motorcycles sales websites. Next we use relevant key market indicators and data from country-specific associations such as GDP per capita, consumer price index, consumer spending, and population. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the forecasting is done on a make level for Motorcycles, using a mix of standard approaches, e.g., exponential smoothing, and uses parameters which best fit the historical data. The main drivers are GDP per capita, consumer price index, consumer spending, and population.Additional Notes:
The market is updated once a year.
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