Saudi Arabia Two Wheeler Market to be Valued USD 143.25 Million Until 2025
Growing vehicle sales and increasing
disposable income to drive electric two wheeler market of Saudi Arabia
According
to TechSci Research report, “Saudi Arabia Two Wheeler Market By Vehicle Type
(Scooter/Moped, Motorcycle), By Engine Capacity (<125cc, 126-250cc,
251-500cc, >500cc), By Type of Sales (Individual vs Institutional),
Competition, By Region, Forecast & Opportunities, 2026”, Saudi Arabia two wheeler market was valued 72.29 Million
in 2020 and is forecast to grow at CAGR of 10.51% until 2025. The
increase in disposable income of lower and middle-Income Group and urbanization
is giving rise to the sale of premium motorcycles in Saudi Arabia. Growth in the
income is changing the standard of living and developing interest in premium
luxuries of daily life and motorcycle is one of them. Which in terms is
shifting people from their regular motorbikes to the premium segment such as
Harley Davidson. Moreover, people migrating from other countries are also
taking interest in the top-notch premium motorcycles for weekend rides as well
as for commuting. Which is further going to uplift the sale of premium
motorcycles, thereby resulting in the growth of the two-wheeler market in Saudi
Arabia.
With
more usage of the motorcycles in the E-commerce sector as well as in online
groceries and food deliveries stores such as Dominos and others, there has been
a growth of in the sales of two-wheelers such as motorcycles, scooters and
mopeds. Which in terms is further going to boost the sale of the two-wheelers
in the Saudi Arabia resulting in the growth of two-wheeler market.
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Saudi Arabia
two wheeler market can be segregated based on vehicle type, engine capacity, sales
type and region. In terms of engine capacity, market can be segregated into
above 500 cc, till 125 cc and 251-500 cc. Out of these, above 500 cc segment
occupied one-third share of the market and the trend is likely to continue
until 2026 due to growing use of two wheelers for recreational purposes and
increasing sales of premium two wheeler.
Major
companies operating in the economy include 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.,
among others. Due to rising demand for two-wheelers in Saudi Arabia,
two-wheeler manufacturing companies are expanding their operations by setting
up dealer and distributor network in tier 2 and tier 3 cities. For instance,
Honda has tied up with Abdullah Hashim Company Ltd. to built up its strong
dealer and distributor network across the country.
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“Due to increase in E-commerce activities such as online food and
grocery sales, demand for less than 250 cc motorcycles is increasing. There has
been a surge in sales of bikes used by delivery boys owing to the growing
popularity of online food services and grocery services among consumers. Most
of the motorcycles or mopeds used by delivery boys are medium in specification
i.e., of less than 250 cc and trend for these bikes is uplifting import and the
sales of the motorcycles in Saudi Arabia. This is further boosting the two-wheeler
market in Saudi Arabia.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Saudi Arabia Two Wheeler
Market By Vehicle Type (Scooter/Moped, Motorcycle), By Engine Capacity (<125cc,
126-250cc, 251-500cc, >500cc), By Type of Sales (Individual vs
Institutional), Competition, By Region, Forecast & Opportunities, 2026” has analyzed the potential of Saudi
Arabia electric two wheeler market
across the country, and provides statistics and information on market sizes,
shares and trends. The report will suffice in providing the intending clients
with cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by Saudi Arabia electric
two wheeler market.
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