Off-road Motorcycles - Bahrain

Bahrain

Highlights

In 2024, the projected revenue in the Off-road Motorcycles market segment in Bahrain is expected to reach US$1.23m.
The revenue is then expected to grow annually at a rate of 0.01% (CAGR 2024-2029), resulting in a projected market volume of US$1.23m by 2029.
By 2029, the unit sales in the Off-road Motorcycles market segment are expected to reach 133.00motorcyles.
The volume weighted average price of the Off-road Motorcycles market segment in Bahrain is expected to be US$9.29k in 2024.
Looking at the international perspective, Brazil is projected to generate the highest revenue in the Off-road Motorcycles market segment in 2024 with US$1.36bn.
Bahrain is witnessing a growing demand for off-road motorcycles, driven by the country's thriving motorsports culture and the availability of scenic desert terrains.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Bahrain has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, and local special circumstances.

Customer preferences: Off-road motorcycles are becoming increasingly popular among young adults and outdoor enthusiasts in Bahrain. These motorcycles offer a thrilling and adventurous riding experience, allowing riders to explore the rugged terrains and off-road trails of the country. The younger generation, in particular, is drawn to the excitement and adrenaline rush that off-road riding provides. Additionally, the compact size and maneuverability of these motorcycles make them suitable for navigating through the narrow streets and alleys of Bahrain's urban areas.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Bahrain is the growing demand for electric off-road motorcycles. As the global shift towards sustainable and eco-friendly transportation continues, more consumers in Bahrain are opting for electric vehicles, including off-road motorcycles. These electric motorcycles offer several advantages, such as reduced noise pollution, lower maintenance costs, and zero emissions. Moreover, advancements in battery technology have improved the range and performance of electric off-road motorcycles, making them a viable alternative to traditional gasoline-powered bikes. Another trend in the market is the increasing popularity of off-road motorcycle tours and events in Bahrain. Tour operators and event organizers are capitalizing on the growing interest in off-road riding by offering guided tours and organizing off-road races and competitions. These events provide riders with an opportunity to showcase their skills and connect with like-minded individuals. They also contribute to the overall growth of the Off-road Motorcycles market by creating a sense of community and fostering a passion for off-road riding.

Local special circumstances: Bahrain's unique geography and landscape make it an ideal destination for off-road motorcycle enthusiasts. The country is home to vast deserts, rugged mountains, and coastal areas, offering diverse terrains for off-road riding. This natural beauty and variety of landscapes attract both local riders and tourists who wish to explore Bahrain's off-road trails and experience the thrill of riding in a unique environment.

Underlying macroeconomic factors: The Off-road Motorcycles market in Bahrain is also influenced by underlying macroeconomic factors. The country's stable economy, high disposable income levels, and favorable business environment contribute to the growth of the market. Additionally, the government's focus on promoting tourism and leisure activities further boosts the demand for off-road motorcycles, as they are seen as a key component of outdoor recreational pursuits. In conclusion, the Off-road Motorcycles market in Bahrain is experiencing significant growth due to customer preferences for adventurous and thrilling riding experiences, the emergence of electric off-road motorcycles, the popularity of off-road motorcycle tours and events, the unique geography and landscape of Bahrain, and favorable macroeconomic factors. This growth is expected to continue as more individuals embrace off-road riding and seek out new experiences in Bahrain's diverse terrains.

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.