(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 01, 2021, 08:53 /Comserve / -- Saudi Arabia two-wheeler market is driven by increasing demand for recreational activities since Saudi Arabia has very limited scope for two-wheelers due to extreme weather conditions.
Saudi Arabia two-wheeler market was valued at USD 72.29 Million in 2020 and is forecast to grow at a CAGR of 10.51% to reach USD 143.25 Million by 2026. Saudi Arabia two-wheeler market is driven by increasing demand for recreational activities since Saudi Arabia has very limited scope for two-wheelers due to extreme weather conditions. Additionally, the increasing working population and surge in the number of women drivers are further expected to propel the market growth. Two-wheelers are affordable, require low maintenance, emit lower emissions, and are easy to maneuver, which are contributing to the growing share of two-wheelers.
The Saudi Arabia two-wheeler market is segmented based on vehicle type, engine capacity, company, and region. Based on vehicle type, the market can be split into scooter/moped and motorcycle. The motorcycle segment led the market in 2020 and the trend is expected to continue until 2026 owing to the high fuel efficiency offered by them. Additionally, new product launches with better features and mileage further drive the segmental growth.
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The major players operating in the Saudi Arabia two-wheeler market are Honda Saudi Arabia, Kawasaki Saudi Arabia, BMW Motorrad, Suzuki Barayan, Harley Davidson KSA, Yamaha- Saudi Arabia, Vespa-Wheels of Arabia (KSA), KTM KSA Motorcycle, Moto Guzzi KSA, and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
The objective of the Study:
• To analyze and estimate the market size of Saudi Arabia two-wheeler market from 2016 to 2019.
• To estimate and forecast the market size of Saudi Arabia two-wheeler market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast Saudi Arabia two-wheeler market based on vehicle type, engine capacity, company, and regional distribution.
• To identify the dominant region or segment in the Saudi Arabia two-wheeler market.
• To identify drivers and challenges for Saudi Arabia two-wheeler market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia two-wheeler market.
• To conduct pricing analysis in the Saudi Arabia two-wheeler market.
• To identify and analyze the profile of leading players operating in Saudi Arabia two-wheeler market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia two-wheeler market.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of manufacturers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the manufacturers which could not be identified due to the limitations of secondary research. SDKI analyzed the manufacturers, distribution channels, and presence of all major players across the globe.
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SDKI calculated the market size of Saudi Arabia two-wheeler market using a bottom-up approach, wherein data for various end-user segments were recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by SDKI .
Key Target Audience :
• Two-wheeler manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policymakers
• Organizations, forums, and alliances related to two-wheeler
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia two-wheeler market has 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:
o Up to 125cc
o Above 500cc
• Saudi Arabia Two-Wheeler Market, By Type of Sales:
• Saudi Arabia Two-Wheeler Market, by Region:
o Northern & Central
For more information about this report visit: Saudi Arabia Two-Wheeler Market
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia two-wheeler market.
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