Saudi Arabia Two-Wheeler Market to be Led by Motorcycles through 2028
The
major drivers for the Saudi Arabia Two-Wheeler Market include the growing
urbanization and congestion, rising demand for affordable and efficient transportation
options, increasing popularity of recreational biking, and government
initiatives promoting sustainable mobility solutions.
According to TechSci Research report,
“Saudi Arabia Two-Wheeler Market – By
Region, Competition, Forecast & Opportunities, 2028,” the key
drivers of the Saudi Arabia two-wheeler market are the need for cost-effective
urban transportation solutions in congested cities, a shift towards sustainable
mobility options, rising youth population embracing motorbikes for convenience,
government support through infrastructure development, and the increasing
popularity of recreational biking and tourism activities.
The Two-Wheeler market in Saudi
Arabia has been experiencing remarkable growth over the past few years. This
growth can be attributed to the ongoing economic diversification efforts in the
country, which have opened new avenues of opportunity. Additionally, changing
consumer preferences and an increasing demand for convenient and cost-effective
transportation options have further fueled the expansion of this sector. As the
market continues to evolve, it presents exciting possibilities for both local
and international players looking to tap into the growing demand for
two-wheelers in Saudi Arabia.
The rapid growth of urbanization, in
tandem with the ever-increasing demand for convenient and efficient
transportation options, has significantly heightened the relevance of
two-wheelers in the Kingdom. In this context, motorcycles have emerged as a favored
choice among commuters, owing to their exceptional cost-effectiveness and
remarkable ease of maneuverability in highly congested traffic conditions.
Their compact size allows riders to navigate through tight spaces with agility,
significantly reducing travel time and enhancing overall efficiency. As a
result, motorcycles have become an integral part of the urban transport
landscape, offering a practical and economical solution for individuals seeking
to navigate the bustling city streets seamlessly.
In 2018, a landmark law was passed
in Saudi Arabia, granting women the right to drive. This historic legislation
not only marked a significant milestone for gender equality but also had a
notable impact on various sectors, including the two-wheeler market. With the
expansion of the customer base to include women, the demand for motorcycles and
scooters has witnessed a remarkable surge, created new opportunities, and shaped
the transportation landscape in the country.
In the rapidly growing two-wheeler
market, various international and local brands have been engaging in fierce
competition to capture the attention of Saudi consumers. Renowned brands such
as Honda, Suzuki, and Yamaha have gained significant popularity, thanks to
their high-quality offerings and innovative features. However, the competition
becomes even more intense with the emergence of local brands that provide
affordable alternatives, catering to the diverse needs and preferences of the
market. This vibrant landscape offers consumers a wide range of options to
choose from, ensuring a dynamic and exciting market for two-wheelers in Saudi
Arabia.
The Saudi government's Vision 2030,
a comprehensive plan aimed at creating a vibrant society and a thriving
economy, has had a significant impact on multiple sectors, including the
two-wheeler market. With a strong emphasis on sustainability and energy efficiency,
the vision has spurred a remarkable increase in the demand for electric
two-wheelers. As more and more individuals recognize the environmental and
economic benefits of these vehicles, the market has witnessed a surge in
innovation and competition, leading to a wide range of options for consumers.
The availability of affordable and technologically advanced electric
two-wheelers has not only contributed to reducing carbon emissions but has also
provided a convenient and cost-effective transportation solution for urban
areas. This shift towards eco-friendly mobility aligns with the broader goals
of Vision 2030 and reflects Saudi Arabia's commitment to a greener and more
sustainable future.
The after-sales services offered by
manufacturers play a pivotal role in overall market growth. These services not
only provide peace of mind to consumers but also contribute to building trust
and loyalty. With extended warranty coverage, customers can feel confident in
their purchase, knowing that any potential issues will be taken care of. Free
servicing ensures that the product continues to perform optimally, while the
availability of spare parts guarantees that replacements can be easily obtained
if needed. All these factors combined greatly influence consumer decisions, as
they prioritize reliability, convenience, and long-term value.
Despite the promising growth, the
two-wheeler market in Saudi Arabia faces certain challenges. One of the main
hurdles is the harsh weather conditions, with scorching summers and
unpredictable sandstorms, which can make two-wheelers less appealing as a primary
mode of transportation. Moreover, the lack of dedicated infrastructure and
safety regulations for two-wheelers further adds to the reluctance of potential
buyers. Despite these obstacles, innovative solutions such as improved cooling
systems and protective gear are being developed to address the unique needs of
riders in the Saudi Arabian market.
Browse over xx market data Figures
spread through xx Pages and an in-depth TOC on "Saudi Arabia Two-Wheeler Market"
The Saudi Arabia Two-Wheeler Market is
analyzed based on vehicle type, Propulsion type, and by region. Based on the
vehicle type the market is segmented into Scooter/Moped, and Motorcycle. Based
on the propulsion type the market is divided into ICE and electric.
Key market players in the Saudi
Arabia Two-Wheeler market include:
- Suzuki Barayan (Saleh Omar Barayan Sons Co Ltd)
- Harley-Davidson Inc. (M.A. Al-Mutlaq Sons Co.)
- Yamaha Motor Co., Ltd. (Al Khorayef Commercial Co.
Ltd.)
- KTM AG (Tristar Motorcycles LLC)
- Moto Guzzi (Tristar Motorcycles LLC)
- Honda Motor Company Limited (Abdullah Hashim
Company Ltd.)
- Kawasaki Motors Ltd. (Arabian Auto Agency Co. Ltd.)
- BMW Motorrad (Mohamed Yousuf Naghi Motors Co.)
- Hero MotoCorp Ltd. (M.A. Al-Mutlaq Sons Co.)
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“The key drivers fueling the growth
of the two-wheeler market in Saudi Arabia include the need for cost-effective
transportation options in densely populated urban areas, a shift towards
sustainable travel solutions, and a rising youth population that favors
motorcycles due to their convenience. Furthermore, the government's dedication
to improving infrastructure and the increasing trend of recreational and
tourism biking also play a substantial role in the market's expansion. All
these factors are going to lead the two-wheeler market in Saudi Arabia during
the forecast year.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Saudi Arabia Two-Wheeler Market Segmented By Vehicle Type
(Scooter/Moped, Motorcycle), By Propulsion Type (ICE and Electric), By Region,
By Company, Forecast & Opportunities, 2028” has evaluated the future growth potential of two-wheeler
market in Saudi Arabia and provides statistics and information on market
structure, size, share and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities present in the Saudi
Arabia Two-Wheeler market.
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