On-road Motorcycles - United Arab Emirates

United Arab Emirates

The On-road Motorcycles market segment in the United Arab Emirates is poised for impressive growth, with projected revenue reaching €69.28m in 2024.
This market segment is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 0.90%, resulting in a projected market volume of €72.45m by 2029.
In line with this growth, unit sales of On-road Motorcycles market in the UAE are forecasted to reach 6.40k motorcyles by 2029.
The volume weighted average price of On-road Motorcycles market in the UAE is expected to be €11.39k in 2024.
This indicates the premium quality and value that consumers can expect from this market segment.
When examining the international landscape, it is noteworthy that India is projected to generate the highest revenue in the On-road Motorcycles market segment, with an impressive €19,730.00m in 2024.
This underscores the significant market potential and demand for On-road Motorcycles market India.
Overall, the On-road Motorcycles market segment in the United Arab Emirates is positioned for robust growth, reflecting the country's strong economic environment and the increasing popularity of this market segment among consumers.
The United Arab Emirates has witnessed a surge in demand for high-performance motorcycles among young professionals and enthusiasts.

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

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Analyst Opinion

The On-road Motorcycles market in United Arab Emirates is experiencing steady growth and development, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: In United Arab Emirates, there is a growing demand for on-road motorcycles due to their convenience, affordability, and versatility. Many consumers prefer motorcycles as a means of transportation, especially in urban areas where traffic congestion is a common issue. On-road motorcycles offer a quick and efficient mode of transportation, allowing riders to navigate through traffic and reach their destinations faster. Additionally, motorcycles are also popular among young adults and thrill-seekers who enjoy the adrenaline rush and freedom that comes with riding a motorcycle.

Trends in the market: One of the notable trends in the on-road motorcycles market in United Arab Emirates is the increasing popularity of electric motorcycles. With the growing focus on sustainability and environmental conservation, more consumers are opting for electric motorcycles as they are considered to be more eco-friendly and produce zero emissions. This trend is also driven by government initiatives to promote the use of electric vehicles and reduce carbon footprint. As a result, manufacturers are introducing a wide range of electric motorcycles in the market to cater to this growing demand. Another trend in the market is the integration of advanced technology in on-road motorcycles. Manufacturers are incorporating features such as GPS navigation systems, Bluetooth connectivity, and smartphone integration to enhance the riding experience and provide convenience to the riders. These technological advancements not only improve the functionality of the motorcycles but also attract tech-savvy consumers who value innovation and connectivity.

Local special circumstances: United Arab Emirates has a unique set of circumstances that contribute to the development of the on-road motorcycles market. The country has a well-developed infrastructure with modern roads and highways, making it ideal for motorcycle riders. Additionally, the warm climate throughout the year allows for year-round riding, further boosting the demand for on-road motorcycles. The presence of various motorcycle clubs and communities also adds to the popularity of motorcycles as a social activity and a means of recreation.

Underlying macroeconomic factors: The on-road motorcycles market in United Arab Emirates is also influenced by underlying macroeconomic factors. The country has a strong economy and a high disposable income among its population, which enables consumers to afford motorcycles as a mode of transportation or as a lifestyle choice. Additionally, the government's focus on diversifying the economy and promoting tourism has led to an increase in the number of tourists visiting the country. This, in turn, has contributed to the demand for rental motorcycles and motorcycle tours, further driving the growth of the market. Overall, the on-road motorcycles market in United Arab Emirates is witnessing growth and development due to customer preferences for convenience and affordability, trends in the market such as the rise of electric motorcycles and advanced technology integration, local special circumstances such as a well-developed infrastructure and a warm climate, and underlying macroeconomic factors including a strong economy and government initiatives.

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.