On-road Motorcycles - MENA

MENA

The projected revenue in the On-road Motorcycles market market in MENA is expected to reach US$2.61bn in 2024.
It is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 2.89%, resulting in a projected market volume of US$3.01bn by 2029.
Moreover, the unit sales in the On-road Motorcycles market market are expected to reach 0.61m motorcyles in 2029.
In 2024, it is estimated that the volume weighted average price of On-road Motorcycles market in MENA will amount to US$4.83k.
Notably, when considering the international perspective, it is evident that the highest revenue will be generated India, amounting to US$21,500.00m in 2024.
In the MENA region, the demand for on-road motorcycles has been steadily increasing, with Egypt emerging as a key market due to its large population and growing urbanization.

Key regions: Nigeria, United States, Spain, Vietnam, Indonesia

Market

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.