Motorcycles - MENA

MENA

The Motorcycles market in the MENA region is projected to reach a revenue of US$3.58bn in 2024.
It is expected to show a Compound Annual Growth Rate (CAGR) of 3.00% from 2024 to 2029, resulting in a projected market volume of US$4.15bn by 2029.
Among the market segments, the largest is On-road Motorcycles, with a projected market volume of US$2.61bn in 2024.
By 2029, the unit sales of Motorcycles market in the region are expected to reach 1,031.00k motorcyles.
The volume weighted average price of Motorcycles market in the market is projected to be US$3.96k in 2024.
In terms of market share, 52.8% is expected to have the highest share in the selected region, with 52.8% unit sales share in 2024.
The value market share of the make 52.8% in the region is expected to stand at 52.8% in 2024.
From an international perspective, India is projected to generate the highest revenue in the Motorcycles market, with US$32,110.00m in 2024.
The market for motorcycles in Saudi Arabia has seen a surge in demand for electric models due to government incentives.

Key regions: Thailand, Italy, Indonesia, Spain, Germany

Market

Make

Region

Region comparison

Currency

Methodology

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.