UAE Motorcycle Market to grow at 10.83% CAGR by 2028
Introduction of electric motorcycles and increasing adoption of motorcycles in E-Commerce and Online delivery ecosystem is increasing the demand for UAE Motorcycle Market.
According to the TechSci Research report, "UAE Motorcycle Market- By Region, Competition Forecast & Opportunities, 2018-2028F", the UAE Motorcycle Market is anticipated to reach USD 234.35 million in 2028 by registering a 10.83% CAGR in the forecast years.
A motorcycle, also known as a bike or motorbike, is a two-wheeled motor vehicle with a metal and fiber frame. Motorcycles with two-stroke and four-stroke engines and up to four cylinders are available. The majority are air-cooled, with a few being liquid-cooled. Engine displacements are typically restricted to around 2000cc. Motorcycles are also designed for a variety of purposes, including commuting, cruising, long-distance travel, sports, racing, and off-road riding. Now, young consumers are very picky about motorcycle performance and comfort, which leads to appealing marketing strategies by manufacturers with the launch of various motorcycle designs. Meanwhile, motorcycle manufacturers are focusing on new inventions related to frame metals, riding styles, and shapes in order to advance their products.
Motorcycles now have cutting-edge innovations that are more advanced in terms of comfort, luxury, and safety. Sales are being indirectly boosted, for example, by the development of anti-lock braking systems (ABS), which is becoming increasingly popular among end users. ABS uses inertial measurement unit (IMU) data, in addition to ABS and throttle control, to maintain bike stability during emergency situations and tight turns. For example, in October 2022, BMW AG upgraded its S 1000 R with aerodynamic advances. The newly designed external fairing is made of visible exposed carbon fiber and has a higher windscreen, which significantly reduces aerodynamic drag and increases top speed in conjunction with optimized airflow around the rider.
Improved safety features that protect riders and better suspension systems that increase comfort will continue to influence customer purchasing decisions. Motorcycles' superior fuel efficiency when compared to other personal modes of transportation is a major factor in the rise in demand for them over scooters and other two/three-wheelers.
Browse more than16 market data Figures spread through 69 Pages and an in-depth TOC on "UAE Motorcycle Market"
The UAE Motorcycle Market can be segmented based on propulsion, type, region and competitive landscape. Based on propulsion the market is divided into Internal Combustion Engine and Electric. The ICE segment dominated the UAE motorcycle market due to adoption of the motorcycle in the e-commerce and last mile delivery and recreational activities. The electric motorcycle segment has shown a huge potential in the forecast period with the CAGR 48.62%. By type the market is segmented into standard, cruiser and sport. The standard segment dominates the market with 46.50% share in 2022. The cruiser segment shows great potential in the forecasted period with 9.62% CAGR. By region the market is divided into Dubai, Sharjah, Abu Dhabi and other regions. The Dubai region dominates the market due to the high population and urbanization.
Some of the major players operating in the UAE Motorcycle Market include:
- Bajaj Auto Limited (Dubai Auto Gallery LLC)
- Harley-Davidson, Inc. (Abdulla Al Masaood & Sons Motorcycles L.L.C)
- Piaggio Group (Society Motors)
- Suzuki Auto Sport L.L.C (Al Yousuf L.L.C)
- KTM Middle East Al Shafar LLC (Al Shafar Group)
- Honda Motor Co., Ltd. (Al-Futtaim Group company)
- Bayerische Motoren Werke BMW Motorrad (BMW AGMC)
- Kawasaki MEA (Liberty Automobiles Company)
- Yamaha Motor Co., Ltd. (Al Yousuf Motors)
- Hero MotoCorp Ltd. (Moto Connect Motorcycle and Spare Parts Trading LLC
- Energica Motor Company S.p.A (Wheels of Arabia Motorcycle Trading LLC)
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“The increasing demand for high-end bikes and introduction of the electric motorcycles provide huge opportunities for the motorcycle manufacturing companies in the UAE. With the rising urbanization, many delivery and e-commerce platforms are using motorcycles for delivery mode which further boosts the demand for motorcycles in the UAE," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“UAE Motorcycle Market By Propulsion (ICE, Electric), By Type (Standard, Cruiser, Sport), By Region, Competition Forecast & Opportunities, 2018- 2028F,” has evaluated the future growth potential of UAE Motorcycle Market and provides statistics & information on market size, structure, and future market growth. The report intends 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 in the UAE Motorcycle Market.
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