Key regions: Nigeria, United States, Spain, Vietnam, Indonesia
The On-road Motorcycles market in Western Asia is experiencing significant growth and development.
Customer preferences: Customers in Western Asia have shown a strong preference for On-road Motorcycles due to their versatility and convenience. On-road Motorcycles are popular among both urban and rural populations, as they provide a cost-effective mode of transportation and are well-suited for navigating through congested city streets and rural areas. Additionally, On-road Motorcycles offer a sense of freedom and adventure, making them an attractive option for recreational purposes as well.
Trends in the market: One of the key trends in the On-road Motorcycles market in Western Asia is the increasing demand for electric motorcycles. As concerns about environmental sustainability and fuel efficiency continue to grow, more customers are opting for electric motorcycles that offer lower emissions and reduced fuel consumption. This trend is supported by the development of advanced battery technologies, which have improved the performance and range of electric motorcycles. In addition, governments in Western Asia are implementing policies and incentives to encourage the adoption of electric vehicles, further driving the growth of the electric motorcycle market. Another trend in the On-road Motorcycles market is the rising popularity of premium and luxury motorcycles. As disposable incomes increase in Western Asia, there is a growing segment of customers who are willing to spend more on high-end motorcycles that offer superior performance, comfort, and advanced features. This trend is particularly evident in countries such as Saudi Arabia and the United Arab Emirates, where there is a strong culture of luxury and a desire for prestigious brands.
Local special circumstances: One of the unique factors influencing the On-road Motorcycles market in Western Asia is the region's diverse terrain and climate. With a mix of desert landscapes, mountainous regions, and coastal areas, customers in Western Asia require motorcycles that are capable of handling different types of terrain and weather conditions. This has led to the development of specialized motorcycles that are designed for off-road adventures, as well as motorcycles with advanced suspension systems and weatherproof features.
Underlying macroeconomic factors: The growth of the On-road Motorcycles market in Western Asia is also driven by favorable macroeconomic factors. The region has experienced steady economic growth in recent years, resulting in an increase in disposable incomes and a growing middle class. This has led to a greater demand for personal transportation, including motorcycles. Additionally, Western Asia is home to a young and rapidly urbanizing population, which further fuels the demand for motorcycles as a convenient and affordable mode of transportation. In conclusion, the On-road Motorcycles market in Western Asia is thriving due to customer preferences for versatile and convenient transportation, the increasing demand for electric motorcycles, the rising popularity of premium and luxury motorcycles, the region's diverse terrain and climate, and favorable macroeconomic factors. As these trends continue to shape the market, we can expect further growth and development in the On-road Motorcycles industry in Western Asia.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
