The Motorcycles market in GCC has witnessed significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the GCC Motorcycles market have shifted towards more fuel-efficient and environmentally friendly options. With increasing concerns about pollution and rising fuel prices, customers are opting for motorcycles that offer better fuel efficiency and lower emissions. Additionally, customers are also looking for motorcycles that offer comfort, safety features, and advanced technology. Trends in the market indicate a growing demand for electric motorcycles in the GCC region. The increasing awareness about the environmental impact of traditional gasoline-powered motorcycles has led to a surge in demand for electric motorcycles. These motorcycles offer zero emissions, lower operating costs, and a quieter ride. The GCC region, with its abundant renewable energy resources, is well-positioned to embrace the shift towards electric motorcycles. Another trend in the market is the rising popularity of adventure motorcycles. Adventure motorcycles are designed for both on-road and off-road riding, making them suitable for the diverse terrain in the GCC region. These motorcycles offer enhanced suspension, larger fuel tanks, and rugged tires, catering to the growing demand for adventure tourism and outdoor activities in the region. Local special circumstances in the GCC region have also contributed to the development of the Motorcycles market. The favorable climate and extensive road network make the GCC region an ideal location for motorcycle enthusiasts. Additionally, the presence of large expatriate populations, who are more likely to own motorcycles for commuting and leisure purposes, has further fueled the demand in the market. Underlying macroeconomic factors such as population growth, urbanization, and increasing disposable income have played a crucial role in the growth of the Motorcycles market in the GCC region. The growing population, especially in urban areas, has created a need for efficient and cost-effective modes of transportation, leading to an increased demand for motorcycles. Rising disposable income levels have also made motorcycles more affordable and accessible to a larger segment of the population. In conclusion, the Motorcycles market in the GCC region is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards fuel-efficient and environmentally friendly options, the growing demand for electric and adventure motorcycles, the favorable climate and road network, and the population growth and rising disposable income levels are all contributing to the growth of the market in the GCC region.
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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