Motorcycles - United Arab Emirates

United Arab Emirates

In 2024, the Motorcycles market in the United Arab Emirates is projected to reach a revenue of €83.65m.
Over the period of 2024-2029, the market is expected to grow at an annual rate of 0.94%, resulting in a projected market volume of €87.64m by 2029.
The largest segment in this market is On-road Motorcycles, which is projected to have a market volume of €69.28m in 2024.
By 2029, the unit sales of Motorcycles market are expected to reach 10.17k motorcyles.
The volume-weighted average price of Motorcycles market in 2024 is projected to be €8.72k.
In the United Arab Emirates, Other is expected to have the highest market share in 2024, with a motorcycle unit sales share of 51.5%.
The value market share of Other in the selected region is projected to be 81.2% in 2024.
From an international perspective, India is expected to generate the most revenue in the Motorcycles market in 2024, with a total of €29,470.00m.
The United Arab Emirates has seen a surge in demand for luxury motorcycles among its affluent population.

Key regions: Thailand, Italy, Indonesia, Spain, Germany

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Analyst Opinion

The Motorcycles market in United Arab Emirates has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market trends.

Customer preferences: Customers in the United Arab Emirates have shown a growing interest in motorcycles as a mode of transportation. This can be attributed to several factors, including the increasing urbanization and congestion in major cities, as well as the desire for a more efficient and cost-effective means of transportation. Motorcycles offer a convenient and agile way to navigate through traffic, making them an appealing choice for many commuters. Additionally, motorcycles are seen as a stylish and trendy mode of transportation, particularly among the younger generation.

Trends in the market: One of the key trends in the motorcycles market in United Arab Emirates is the rising demand for electric motorcycles. As sustainability and environmental concerns gain prominence, more customers are opting for electric motorcycles as a cleaner alternative to traditional gasoline-powered bikes. The government's push for sustainable transportation and the availability of charging infrastructure have further fueled the demand for electric motorcycles in the country. Another trend in the market is the increasing popularity of premium and luxury motorcycles. Affluent customers in United Arab Emirates are willing to invest in high-end motorcycles that offer superior performance, advanced features, and exclusive designs. This trend is driven by the desire for a unique and luxurious riding experience, as well as the status symbol associated with owning a premium motorcycle.

Local special circumstances: The United Arab Emirates has a unique set of circumstances that contribute to the development of the motorcycles market. The country's favorable climate and well-maintained road infrastructure make it an ideal location for motorcycle enthusiasts. The availability of wide, open roads and scenic routes attracts both local riders and tourists, boosting the demand for motorcycles in the country. Moreover, the government's efforts to promote tourism and leisure activities have also had a positive impact on the motorcycles market. The United Arab Emirates is home to several high-profile motorcycle events and races, which attract enthusiasts from around the world. These events not only generate revenue for the country but also showcase the potential of the motorcycles market in United Arab Emirates.

Underlying macroeconomic factors: The motorcycles market in United Arab Emirates is influenced by various macroeconomic factors. The country's strong economic growth, fueled by diversification efforts and investments in infrastructure, has increased disposable incomes and purchasing power among consumers. This has led to a higher demand for motorcycles as a form of personal transportation and leisure activity. Additionally, the government's initiatives to promote the automotive industry and attract foreign investment have created a favorable business environment for motorcycle manufacturers and dealers. The presence of international brands and the availability of a wide range of models have further stimulated the market. In conclusion, the motorcycles market in United Arab Emirates is witnessing significant growth due to changing customer preferences, including the demand for electric and premium motorcycles. The country's favorable climate, well-maintained road infrastructure, and government support for tourism and leisure activities also contribute to the market's development. Furthermore, the strong macroeconomic factors, such as economic growth and government initiatives, create a conducive environment for the motorcycles market in United Arab Emirates.

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.