Off-road Motorcycles - Qatar

Qatar

Highlights

In 2024, the Off-road Motorcycles market segment in Qatar is projected to generate revenue of US$2.27m.
This market is expected to grow at an annual rate of -1.18% between 2024 and 2029, resulting in a projected market volume of US$2.14m by 2029.
By 2029, it is estimated that 229.00motorcyles units of Off-road Motorcycles market will be sold in Qatar.
The volume weighted average price of Off-road Motorcycles market in 2024 is expected to be US$9.42k.
When looking at the international perspective, it is worth noting that Brazil is anticipated to generate the highest revenue in the Off-road Motorcycles market segment, reaching US$1.36bn in 2024.
Qatar's off-road motorcycle market is experiencing a surge in popularity due to the country's vast desert landscapes and growing interest in adventure sports.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Off-road Motorcycles market in Qatar has been experiencing significant growth in recent years.

Customer preferences: Off-road motorcycles have gained popularity among adventure enthusiasts and thrill-seekers in Qatar. The younger generation, in particular, has shown a strong interest in off-road biking. The rugged terrain and vast desert landscapes in the country provide ample opportunities for off-road biking adventures. Additionally, the growing interest in motorsports and off-road events has further fueled the demand for off-road motorcycles in Qatar.

Trends in the market: One of the key trends in the Off-road Motorcycles market in Qatar is the increasing demand for electric off-road motorcycles. As the world shifts towards sustainable and eco-friendly solutions, Qatar is no exception. The government's focus on promoting clean energy and reducing carbon emissions has led to a growing interest in electric vehicles, including off-road motorcycles. The availability of electric off-road motorcycles in the market has attracted environmentally conscious consumers who are looking for alternative options. Another trend in the market is the customization of off-road motorcycles. Qatar has a vibrant custom motorcycle culture, with enthusiasts seeking to personalize their bikes to reflect their unique style and preferences. This trend has led to the emergence of custom off-road motorcycle workshops and a demand for aftermarket parts and accessories. Consumers are willing to invest in modifications and upgrades to enhance the performance and aesthetics of their off-road motorcycles.

Local special circumstances: The unique geography and climate of Qatar contribute to the growth of the Off-road Motorcycles market. The country's desert terrain and sand dunes provide an ideal playground for off-road biking enthusiasts. The popularity of off-road biking events and competitions, such as desert rallies and endurance races, has further boosted the demand for off-road motorcycles.

Underlying macroeconomic factors: Qatar's strong economy and high disposable income levels have played a significant role in the growth of the Off-road Motorcycles market. The country's prosperous economy has allowed consumers to afford leisure activities and luxury goods, including off-road motorcycles. Furthermore, the government's focus on diversifying the economy and promoting tourism has also contributed to the market's development. Qatar has been investing in infrastructure development, including the construction of off-road tracks and trails, to attract adventure tourism and sports enthusiasts. These efforts have created a favorable environment for the Off-road Motorcycles market to thrive. In conclusion, the Off-road Motorcycles market in Qatar is experiencing growth due to customer preferences for adventure sports, the increasing demand for electric motorcycles, the trend of customization, the unique local circumstances, and the underlying macroeconomic factors.

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.