Saudi Arabia two wheeler market was
valued at USD44.52 million in 2021 and is forecast
to grow at a CAGR of 8.97% to reach USD73.63 million by 2027. Saudi Arabia two wheeler
market is driven by tourists as Saudi Arabia is a popular tourist spot where every
year more than 60 million people come to visit the country, and many people are
interested in desert bike racing which is very famous in the desert of Riyadh.
With the increasing number of tourists every year in the country the number of
motorcycles is also increasing for the dirt bike race, this is positively
impacting Saudi Arabia two wheeler market.
Removal of Ban & Growth
for Female Riders
The government of Saudi
Arabia had removed the ban on driving vehicles for women in the year 2018. After
the removal of the ban there has been an increase in preference for scooter
riding among women riders, which has uplifted the two wheeler market in Saudi
Arabia. Moreover, the number of women drivers and riders has increased in the
past few years after the change in government norms, and now more women are
showing interest in learning to drive cars and scooters. In Saudi Arabia, women
are hitting the roads with two wheeler, women having foreign licenses with them
have already obtained a Saudi Arabia driving license by the government of Saudi
Arabia. Moreover, opting for two wheelers gives women a sense of empowerment. Many
numbers of driving schools such as Dallah driving learning company have been
opened in various cities in Saudi Arabia. By having the option of learning to
drive, more and more women are encouraged for taking driving classes at these
school. All the above factors are going to increase the sales of two wheeler in
Saudi Arabia, which in turn is going to further boost the two wheeler market in
Saudi Arabia.
Use of
Motorcycles for Online Groceries & Food Deliveries
Many e-commerce
companies have started their business in the country over the past few years,
as the internet using population has witnessed a growth from 74.88% in 2017 to
95.7% in the year 2021, in the kingdom of Saudi Arabia. Internet penetration is
rising in the country as the number of internet users in Saudi Arabia has
increased by 4.2% with the addition of 1.3 million users in 2021 as compared to
2020, and due to this, the e-commerce market in Saudi Arabia is growing
rapidly. The Saudi Arabia e-commerce market has registered a growth of 70% in
the 2020-2021 period amid the pandemic, this year-on-year growth will lead to
e-commerce market growth to reach around USD13 million by 2025. Motorcycles
play a key role in delivery of online groceries & food and in the e-commerce
sector as motorcycles are used for the deliveries purpose by the companies such
as Amazon, Dominos, eBay, and others, the demand for motorcycles is expected to
increase the sales of two wheelers in Saudi Arabia.
Recreational and
Adventure Purposes
In Saudi Arabia,
one of the cultural festivals Sharqiah Season commenced in March 2019, in which
many motorcycle enthusiasts and biking club members from Bahrain, Kuwait, UAE,
Jordan, Oman, the Philippines, and many other countries took part. During the Sharqiah
Season festival, a sports event is held called Dakar Rally in which numerous
racing events happened in the month of January every year in the country. The
event saw an increased participation by the youth of Saudi Arabia and hence
increased sales of many motorcycles such as dirt motorbikes, traditional
classic motorcycles, and premium sports bikes sales. This event positively
impacted the Saudi Arabia two wheeler market.
Rising
Expenditures of Lower and Middle-Income Group
In Saudi Arabia,
the increase in the disposable income of middle-class and lower groups and
urbanization has given the rise to the increased sales of motorcycles in Saudi
Arabia. The income growth of the middle class has changed the standard of
living and has developed the population’s interest in the premium motorcycles
for daily life use. With the increasing income people have changed their
preference from regular motorbike to the premium segment motorcycles such as
Suzuki’s Hayabusa, Harley Davidson, Heavy Honda Motorbikes, Kawasaki Ninja 400,
etc. More people have migrated to Saudi Arabia in the past few years and they
are taking interest in the top-notch premium motorcycles for weekend rides and
commuting, this has increased the sales of premium motorcycles in Saudi Arabia,
which is further going to result in the growth of the two wheeler market in
Saudi Arabia.
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Market Segmentation
Saudi Arabia, two wheeler market
is segmented based on vehicle type, engine capacity, type of sales, and region.
Based on vehicle type the market is further fragmented into the motorcycle, scooter/moped.
based on the engine capacity type the market is segmented into Till 125cc,
126-250cc, 251-500cc, Above 500cc. Based on vehicle type, the motorcycle segment
accounted for the dominant share in the market with a total share of 98.00% in
the year 2021. In Saudi Arabia, many people are preferring to buy a motorcycle
as it is very cost-effective compared to a new car, and hence with the increase
in preference for the motorcycles, the sales of two wheelers are rising, which
is positively impacting the growth of two wheeler market in Saudi Arabia.
Company Profiles
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.), Ducati Motor Holding S.p.A. (Saudi Arabian Marketing and Agencies
Company. Ltd (SAMCO) are among the major market
players in Saudi Arabia two wheeler market.
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Attribute
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Details
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Market size value in 2021
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USD 44.52 Million
|
|
Revenue Forecast in 2027
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USD 73.63
Million
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Growth Rate
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8.97%
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022E
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Forecast Period
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2023F – 2027F
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Quantitative Units
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Revenue in USD Million, Volume in Thousand Units, and CAGR for
2017-2021 and 2022E-2027F
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Report Coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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|
Segments Covered
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·
By Vehicle Type
·
By Engine Capacity
·
By Type of Sales
·
By Region
·
By Company
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Region Scope
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Western,
Northern & Central, Eastern, Southern
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|
Key Companies Profiled
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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.), Ducati Motor Holding S.p.A. (Saudi Arabian Marketing and
Agencies Company. Ltd(SAMCO).
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
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Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
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Report Scope:
In this report, Saudi Arabia two
wheeler market have been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
- Saudi Arabia Two Wheeler Market By Vehicle Type:
- Saudi Arabia Two Wheeler Market By Engine Capacity:
- Above 500cc
- 126-250cc
- 251-500cc
- Till 125cc
- Saudi Arabia Two
Wheeler Market By Type of Sales:
·
Saudi Arabia Two Wheeler
Market By
Region:
o
Western
o
Northern
& Central
o
Southern
o
Eastern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia two wheeler market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).