The UAE Motorcycle Market
valued at USD 115.09 million in the year 2022 and is expected to rise with the
CAGR of 10.83% in the forecast period. The UAE motorcycle market is growing
with the increase in delivery services and increasing popularity of adventurous
activities. Also, the introduction of the electric motorbikes is further
boosting the UAE motorcycle market. Additionally, with the increasing tourism,
the demand for leasing motorbikes like sports and cruiser bikes for travelling
within the cites has increased, thus giving the boost to the UAE Motorcycle Market.
Recent Developments
In 2020, Energica Motor
Company, a global leader in high-performance electric motorcycles, announced
the signing of a new commercial agreement in the United Arab Emirates with
Wheels of Arabia General Trading Wholesalers LLC in Dubai, covering all seven
Federation members with Abu Dhabi as capital.
The COVID-19 has an adverse impact
on the UAE Motorcycle. The restrictions on the import and export and widespread
lockdown across the country led to the decline in sales of motorcycles in the
UAE.
Increasing Demand in the
Delivery System
The demand for motorcycles in
the last-mile delivery system in the UAE is expanding at a rapid rate. The benefits
of motorcycle such as low cost of ownership, maneuverability and faster mode of
travelling are contributing to the motorcycle market growth in the country.
Hence, various restaurants and e-commerce platforms are adopting motorcycles for
their deliveries. Moreover, the high fuel efficiency and low annual maintenance
cost increase motorcycles demand in the UAE.
Recreational and Adventurous Activities
The increase in the
popularity of adventure sports, such as hiking, off road riding is resulting in
a corresponding increase in demand for motorcycles designed for off-road use,
such as dual-sport or dirt bikes. These types of motorcycles are built to
handle rough terrain and are often used for off-road exploration and adventure
and are likely to drive the motorcycle market in UAE. Also, with the growing
tourism , the leasing of high end motorcycles for the tourist experience is
also high in demand, which further boosts the UAE motorcycle market.
The Entrance of Electric
Two-Wheelers
Customers are frequently more
interested in two-wheelers with batteries. Electric two-wheelers are already
widely available from a variety of companies in a variety of product
categories, and many more have already launched or plan to launch such vehicles
soon. Furthermore, the UAE experiences extreme heat and humidity, with daily
temperature increases of up to 2-3 degrees Celsius over the previous year. To
address this issue, the government implemented regulations that encourage the use
of electric vehicles, which may reduce air pollution. To reduce its reliance on
oil and increase investment in alternative energy sources. As a result, these
government actions reduce air pollution and stimulate the UAE Motorcycle market
for electric motorcycle.
Increasing demand for
High-End Bikes
With the rising disposal
income and increasing urbanization in the UAE the demand for cruiser and sports
motorcycles is increasing, such Harley Davidson, Kawasaki, Suzuki and BMW, etc.
With the increasing standard of living the consumers are preferring the
luxurious motorcycle for their use. In the forecast period the demand for the Cruiser
and Sports motorcycles is expected to increase with a CAGR of 9.62% and 9.26%
respectively.
Download Free Sample Report
Market Segmentation
The UAE Motorcycle Market is segmented
by propulsion, by type, by region and competitive landscape. Based on propulsion,
the market is segmented into Internal combustion Engine (ICE) and Electric.
Based on type, the market is segmented into Standard, Cruiser and Sport. Based
on the region the market is segmented into Dubai, Sharjah, Abu Dhabi and
others.
Company Profiles
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 LLCand Energica Motor
Company S.p.A (Wheels of Arabia Motorcycle Trading LLC )are the key players
developing advanced technologies to stay competitive in the market and
enhancing their product portfolio in the regions to increase their customer
outreach.
Attribute | Details |
Revenue Forecast in 2022 | USD115.09 million |
Revenue Forecast in 2028 | USD 234.35 million |
Growth Rate | 10.83% |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2018-2022
and 2023-2028 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
Segments Covered | By Propulsion By Type Region |
Regional Scope | Dubai, Sharjah, Abu Dhabi and others. |
Key Companies Profiled | 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 and Energica Motor Company
S.p.A (Wheels of Arabia Motorcycle Trading LLC ). |
Customization Scope | 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 |
Delivery Format | PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
Report Scope:
In this report, UAE Motorcycle Market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
· UAE Motorcycle Market, By Propulsion:
- UAE Motorcycle Market, By Type:
- UAE Motorcycle Market, By Region:
o
Dubai
o
Sharjah
o
Abu
Dhabi
o
Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE Motorcycle 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).