Motorcycles - Qatar

Qatar

Highlights

In 2024, the projected revenue in the Motorcycles market in Qatar is expected to reach US$14.51m.
It is anticipated that the revenue will demonstrate an annual growth rate (CAGR 2024-2029) of -1.00%, resulting in a projected market volume of US$13.80m by 2029.
The largest segment in this market is On-road Motorcycles, which is projected to have a market volume of US$11.27m in 2024.
The expected unit sales of Motorcycles market in Qatar are projected to reach 1.32k motorcyles by 2029.
The volume weighted average price of Motorcycles market in the year 2024 is estimated to be US$10.52k.
In the selected region, Zongshen is expected to have the highest market share in 2024 with a motorcycle unit sales share of 11.5%.
Meanwhile, Ducati is projected to have a value market share of 8.0% in the selected region in the same year.
When considering the international perspective, it is indicated that the highest revenue will be generated India, amounting to US$32.11bn in the year 2024.
Qatar's motorcycle market is experiencing a surge in demand for high-end, luxury bikes among affluent buyers.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Motorcycles market in Qatar has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, and local special circumstances.

Customer preferences: Qatari consumers have shown a growing preference for motorcycles as a mode of transportation. This can be attributed to several factors, including the compact size and maneuverability of motorcycles, which make them ideal for navigating the congested streets of Qatar's urban areas. Additionally, motorcycles offer a more cost-effective alternative to cars, which can be expensive to purchase and maintain.

Trends in the market: One of the key trends in the motorcycle market in Qatar is the increasing demand for electric motorcycles. This trend is in line with the global shift towards sustainable transportation options and the growing awareness of environmental issues. Electric motorcycles offer a clean and efficient mode of transportation, with lower emissions compared to traditional gasoline-powered motorcycles. As a result, manufacturers are introducing a wider range of electric motorcycle models to cater to this growing demand. Another trend in the market is the rise of motorcycle-sharing services. Similar to car-sharing services, motorcycle-sharing platforms allow users to rent motorcycles for short periods of time. This trend is driven by the convenience and flexibility offered by motorcycle-sharing services, especially for short trips or commuting within the city. The availability of these services has increased the accessibility of motorcycles to a wider range of consumers, including those who may not be able to afford or prefer not to own a motorcycle.

Local special circumstances: Qatar's favorable climate and infrastructure also contribute to the growth of the motorcycle market. The country's warm weather and well-maintained roads make it an ideal environment for motorcycle riding. Additionally, Qatar's extensive network of highways and well-connected cities make it easy for motorcycle riders to travel across the country.

Underlying macroeconomic factors: Qatar's strong economy and high per capita income levels have also played a role in the growth of the motorcycle market. The country's robust economy has led to an increase in disposable income, allowing consumers to consider purchasing motorcycles as an affordable and convenient mode of transportation. In conclusion, the Motorcycle market in Qatar is experiencing growth due to customer preferences for compact and cost-effective transportation options, the increasing demand for electric motorcycles, the rise of motorcycle-sharing services, the favorable climate and infrastructure, and Qatar's strong economy. These factors are expected to continue driving the growth of the motorcycle market in Qatar in the coming years.

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.