On-road Motorcycles - Bahrain

Bahrain

Highlights

The On-road Motorcycles market segment in Bahrain is predicted to achieve a revenue of US$4.51m in 2024.
This market is expected to experience a yearly growth rate (CAGR 2024-2029) of 0.23%, resulting in a projected market volume of US$4.56m by 2029.
Furthermore, the unit sales of On-road Motorcycles market in Bahrain are anticipated to reach 448.00motorcyles by 2029.
The volume weighted average price of On-road Motorcycles market in 2024 is estimated to be US$10.22k.
Comparatively, the highest revenue is projected to be generated India, amounting to US$21.50bn in 2024.
Bahrain's growing interest in leisure and recreational activities has led to a surge in demand for on-road motorcycles.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The On-road Motorcycles market in Bahrain is experiencing significant growth and development. Customer preferences are shifting towards more fuel-efficient and environmentally friendly motorcycles. In addition, there is a growing demand for motorcycles that offer advanced safety features and innovative technologies. These trends are driven by a combination of local special circumstances and underlying macroeconomic factors.

Customer preferences: Customers in Bahrain are increasingly concerned about the environmental impact of their vehicles. As a result, there is a growing demand for motorcycles that are fuel-efficient and emit lower levels of pollutants. This trend is in line with global efforts to reduce carbon emissions and promote sustainable transportation. Customers are also seeking motorcycles that offer advanced safety features such as anti-lock braking systems (ABS) and traction control. These features enhance the overall safety and riding experience.

Trends in the market: One of the key trends in the On-road Motorcycles market in Bahrain is the growing popularity of electric motorcycles. These motorcycles are emission-free and offer a quiet and smooth ride. They are particularly appealing to environmentally conscious customers who want to reduce their carbon footprint. Electric motorcycles also benefit from government incentives and subsidies, which further drive their demand. Another trend in the market is the increasing popularity of adventure motorcycles. These motorcycles are designed for both on-road and off-road riding, making them versatile and suitable for various terrains. They offer a comfortable riding position and advanced suspension systems, making them ideal for long-distance travel.

Local special circumstances: Bahrain is a small island nation with a well-developed infrastructure and a high standard of living. The country has a strong motorcycle culture, with many enthusiasts and clubs organizing regular events and rides. The warm climate and scenic landscapes make Bahrain an ideal location for motorcycle enthusiasts to explore and enjoy their rides. The government is also supportive of the motorcycle industry and has implemented policies to promote the use of motorcycles as a means of transportation.

Underlying macroeconomic factors: The On-road Motorcycles market in Bahrain is also influenced by underlying macroeconomic factors. The country has a stable economy with a high GDP per capita, which means that consumers have higher purchasing power. This allows them to afford motorcycles and invest in higher-end models. Additionally, the government has implemented favorable tax policies and import regulations for motorcycles, making them more accessible and affordable for consumers. The low cost of fuel in Bahrain also contributes to the popularity of motorcycles as a cost-effective mode of transportation. In conclusion, the On-road Motorcycles market in Bahrain is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Customers are increasingly seeking fuel-efficient and environmentally friendly motorcycles with advanced safety features. The growing popularity of electric motorcycles and adventure motorcycles reflects these preferences. Bahrain's strong motorcycle culture, supportive government policies, and favorable economic conditions also contribute to the market's growth and development.

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.