Middle East Two-Wheeler Market Insights Forecasts to 2033
- The Middle East Two-Wheeler Market Size was valued at USD 3120.27 Million in 2023.
- The Market Size is Growing at a CAGR of 9.2% from 2023 to 2033.
- The Middle East Two-Wheeler Market Size Expected to Reach USD 7398.27 Million by 2033.
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The Middle East Two-Wheeler Market Size is expected to reach USD 7398.27 Million by 2033, at a CAGR of 9.2% during the forecast period 2023 to 2033.
A two-wheeler is a vehicle with two wheels that can be pushed manually or with a motor. It is widely used for personal transportation and includes a variety of models such as motorcycles, scooters, and bicycles. These vehicles are popular because they are easy to drive in urban areas, have lower fuel consumption, and require less maintenance than four-wheeled vehicles. Two-wheelers are a significant segment of the automotive industry, catering to a diverse consumer base with varying tastes in speed, style, and functionality. This market is constantly evolving as technology advances, emission standards change, and consumer demands shift. As urbanization accelerates and traffic congestion worsens, the role of two-wheelers in facilitating mobility becomes increasingly important. At the moment, two-wheelers are gaining enormous popularity in India due to their fuel efficiency, lower purchase costs, and lower carbon emissions, particularly electric models. Furthermore, the Middle East's pleasant weather contributes to the popularity of two-wheelers. The region's predominantly warm climate encourages year-round use of motorcycles and scooters, adding to their appeal as convenient and enjoyable modes of transportation. Economic factors also contribute to the growth of the Middle East two-wheeler market. Motorcycles and scooters are more affordable than four-wheeled vehicles, making them available to a wider range of consumers. As a consequence, two-wheelers are frequently chosen by people seeking affordable and fuel-efficient transportation.
This research report categorizes the market for the Middle East two-wheeler market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Middle East two-wheeler market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Middle East two-wheeler market.
Middle East Two-Wheeler Market Report Coverage
|Market Size in 2023:
|USD 3120.27 Million
|Forecast Period 2023-2033 CAGR:
|2033 Value Projection:
|USD 7398.27 Million
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Type, By Transmission, By Engine Capacity, By Distribution Channel, By Region and COVID-19 Impact Analysis.
|Honda Motor Co., Ltd., Bajaj Auto Limited, Yamaha Motor Co., Ltd., Suzuki Motor Corporation, Kawasaki Motors Ltd., Harley-Davidson Inc., BMW Motorrad, TVS Motor Company, Hero MotoCorp Ltd., Kwang Yang Motor Co., Ltd and Other Key Vendors.
|Pitfalls & Challenges:
|COVID-19 Empact, Challenge, Future, Growth, & Analysis
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Middle Eastern governments are promoting more sustainable and environmentally friendly transportation solutions. Electric motorcycles and scooters are becoming increasingly popular as governments encourage the use of cleaner, more environmentally friendly modes of transportation. The growing middle-class population, which has more purchasing power, is a key market driver for the Middle East two-wheeler industry. As economic conditions in the Middle East improve, an increasing number of consumers can afford to own personal vehicles. Furthermore, growing concerns about environmental sustainability and the negative effects of fossil fuel consumption have resulted in a shift toward more environmentally friendly transportation options. This shift has been especially noticeable in the two-wheeler industry, with rising demand for electric motorcycles and scooters. Rapid urbanization has had a significant impact on transportation needs. As more people move to cities, there is a greater need for compact, maneuverable, and cost-effective modes of transportation. Moreover, the convenience of two-wheelers for short to medium distances makes them an appealing option for urban commuters, which helps to increase product adoption in the Middle East.
Road safety remains an important obstacle in the Middle East two-wheeler market, and inadequate infrastructure hampers riders' safety and convenience, discouraging the widespread adoption of motorcycles and scooters. While the Middle East's warm climate is generally favorable for two-wheelers, extreme temperatures, particularly during the summer, can be challenging. In addition, complex and restrictive regulatory frameworks can pose troubles for the two-wheeler market. Furthermore, limited electric vehicle infrastructure could hamper the Middle East's two-wheeler market.
- In 2023, the motorcycle segment accounted for the largest revenue share over the forecast period.
Based on type, the Middle East two-wheeler market is segmented into scooters, mopeds, motorcycles, and electric two-wheelers. Among these, the motorcycle segment has the largest revenue share over the forecast period. Motorcycles, known for their speed, agility, and sense of freedom, attract enthusiasts looking for exciting riding experiences, which is one of the primary factors driving market growth. Concurrently, their versatility on different surfaces and road conditions, combined with a diverse range of designs and performance options, appeals to a wide consumer base, assisting in market expansion. Motorcycles, in addition to meeting urban commuting needs, are popular with adventure-seeking riders who value exploration and unique style. Motorcycle technology is constantly evolving, including advanced safety features and connectivity options, which adds to their allure and contributes to market growth.
- In 2023, the manual segment is witnessing the largest growth over the forecast period.
Based on transmission, the Middle East two-wheeler market is segmented into manual, and automatic. Among these, the manual segment is witnessing the largest growth over the forecast period. The growing demand for manual two-wheelers, which provide a connection between the rider and the machine, is helping to drive Middle East two-wheeler market growth. Manual transmissions are popular among enthusiasts because they provide a tactile experience and control that allows them to actively engage with the vehicle's performance. Aside from that, manual two-wheelers have lower upfront costs and maintenance expenses than their automatic counterparts, making them appealing to budget-conscious consumers. This demand is also fueled by regions where manual transmission riding skills are the norm, which provides the appeal of these vehicles among riders who prefer a more engaged and traditional riding style.
- In 2023, the 100-125cc segment is witnessing the largest growth over the forecast period.
Based on engine capacity, the Middle East two-wheeler market is segmented into <100cc, 100-125cc, 126-180cc, 181-250cc, 251-500cc, 501-800cc, 801-1600cc, >1600cc. Among these, the 100-125cc segment is witnessing the largest growth over the forecast period. The growing demand for two-wheelers with engine capacities ranging from 100cc to 125cc is due to their excellent balance of fuel efficiency and performance. These vehicles provide a practical solution for daily commuting, catering to riders seeking an affordable mode of transportation without sacrificing power. Furthermore, their size and maneuverability make them ideal for urban environments while still providing enough acceleration for longer journeys. Aside from that, the low cost of maintenance and initial purchase appeals to a wide range of consumers, establishing these two-wheelers as versatile market options.
In 2023, the offline channels segment is witnessing the largest growth over the forecast period.
Based on distribution channels, the Middle East two-wheeler market is segmented into offline channels and online channels. Among these, the offline segment is witnessing the largest growth over the forecast period. Two-wheeler sales are increasing through offline channels owing to the tactile experience and personalized assistance they provide to customers. Physical dealerships allow potential buyers to interact directly with the vehicles, sit in them, and frequently take them for test drives, allowing for a more thorough evaluation before making a purchase decision. Furthermore, salespeople in showrooms guide customers through various models, features, and financing options, improving the overall purchasing experience. In addition, offline channels serve regions with limited internet access or where consumers prefer face-to-face interaction when making large purchases, such as vehicles.
- Egypt is projected to have the largest share of the Middle East two-wheeler market over the forecast period.
Based on the region, Egypt is projected to have the largest share of the Middle East two-wheeler market over the forecast period. Motorcycles and scooters are popular modes of transportation in Egypt owing to their low cost and fuel efficiency. Furthermore, economic factors influence market dynamics, and two-wheelers are affordable to a wide range of people. Also, Egypt has seen an increase in interest in two-wheelers, which is being driven by a combination of economic factors, urbanization, and the need for efficient transportation solutions in densely populated cities. In addition, two-wheeler market dynamics are influenced by a variety of economic factors, regulatory frameworks, and consumer preferences. Motorcycles and scooters are used for commuting. In Egypt, there is a clear trend toward sustainable and electric mobility solutions. Moreover, the Egypt governments are increasingly focused on promoting transportation, which boosts demand for electric motorcycles and scooters. Shared mobility services, particularly scooter-sharing programs in urban areas, are also gaining popularity, adding to the market's diversification.
The report offers the appropriate analysis of the key organizations/companies involved within the Middle East two-wheeler market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Honda Motor Co., Ltd.
- Bajaj Auto Limited
- Yamaha Motor Co., Ltd.
- Suzuki Motor Corporation
- Kawasaki Motors Ltd.
- Harley-Davidson Inc.
- BMW Motorrad
- TVS Motor Company
- Hero MotoCorp Ltd.
- Kwang Yang Motor Co., Ltd
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Middle East two-wheeler market based on the below-mentioned segments:
Middle East Two-Wheeler Market, By Type
- Electric Two-Wheeler
Middle East Two-Wheeler Market, By Transmission
Middle East Two-Wheeler Market, By Engine Capacity
Middle East Two-Wheeler Market, By Distribution Channel
- Offline Channels
- Online Channels
Middle East Two-Wheeler Market, By Region
- Saudi Arabia
- South Africa
- Rest of the Middle East
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