Middle East Two-Wheeler Market is Dominated By Turkey During The Forecast Period
Increasing demand for two
wheelers in logistic industry and penetration of electric two wheelers in the
region is driving the growth of Middle East two-wheeler market during the
forecast period, 2024-2028.
According to TechSci Research report, “Middle
East Two-Wheeler Market - Industry Size, Share, Trends, Competition,
Forecast and Opportunities, 2018-2028F”. Middle East Two-Wheeler Market is
growing at a high rate as a result of rapid development of technology of electric
motorcycles and increasing demand for E-commerce sector.
Two-wheelers
have grown in popularity and are now the primary mode for delivery
service in many countries. Motorcycles and scooters/moped which have
either internal combustion engines or electric motors, are the two main types
of two-wheelers. In addition, the popularity of two-wheelers has substantially
grown, and they are now the main mode of logistical transportation for many
nations in the Middle East.
The
demand for two-wheelers is rising as the Middle East region’s e-commerce
activity increases. The number of e-commerce startups in the area has
significantly increased during the last several years. The two-wheelers are
easier to control, lighter in weight, and attractive in designs. They are
simple to commute in busy or crowded lanes, allowing you to arrive at your
location on time, resulting in increasing fleet size in the region. Arab
countries such as Oman, the United Arab Emirates, Saudi Arabia, and others
place a high value on giving tourists motorcycle adventure, touring, and desert
racing experiences. Overall, this raises the demand for two-wheelers in the
region's recreational activities. The demand for two-wheelers is predicted to
increase with the introduction of electric two-wheelers. With addition of
electric two wheelers, the demand for two wheelers is anticipated to increase in
Middle East region.
Browse
more than 40 market data Figures spread through 98 Pages and an in-depth
TOC on "Middle East Two Wheeler Market"
The
fact that two-wheelers are more affordable than other vehicle categories is the
primary factor behind their rising popularity. Several organisations are drawn
to the simple financing option for their fleet. Cost-effectiveness and
maintenance is a factor that contributes to the rise in two-wheeler
purchases in addition to affordability. Numerous businesses are also investing
in research and development of technological advancements for two-wheelers,
such as anti-braking system technology that reduces skidding and enhances
steerability, fuel injection technology that improves fuel efficiency, slipper
clutch technology to maintain traction, and Internet of Things. These
technologies mainly focused on two-wheeler comfort, safety, and improved engine
performance.
In
November 2022, Hero MotoCorp officially declared to
jointly produce motorcycle with Harley-Davidson that would be available by the
end of March 2024. Two battery-powered electric vehicles will be released by
Kawasaki Motors, Ltd. in 2023, and a motorcycle powered by a hybrid electric
vehicle will be released in 2024. In the 2021, United Arab
Emirates, Public Motors, a division of Ghaf Investments, and TVS Motor Company
established a new distribution partnership in 2021 in order to increase its distribution
network in the region. In the Middle East, Hero MotoCorp is developing its
dealer and distribution networks for wide availability of
motorcycles. The company inaugurated its luxury showroom in Dubai.
The Middle East two
wheeler market can be segmented on the basis of vehicle type, capacity, end use
and region. On the basis of vehicle type, the market is segmented into scooter/moped
and motorcycle. In terms of capacity, it is divided into Up to 125cc,
126-250cc, 250-500cc, Above 500cc, and electric. Based on end use, the market
is segmented into individual and institutional. On the basis of country, the
market is segmented into Saudi Arabia, United Arab Emirates, Kuwait, Oman,
Qatar, and Israel.
Some of the major companies operating in the Middle East Two-Wheeler
Market include:
- Yamaha Motor Co., Ltd
- Suzuki Motor Corporation
- TVS Motor Company
- Hero MotoCorp Ltd
- Bajaj Auto Ltd
- KTM AG
- Kawasaki Motors Ltd.
- Harley-Davidson Inc.
- BMW Motorrad
- Ducati Motor Holding S.p.A.
These are the key players developing advanced technologies and launching new
products to stay competitive in the market. Other competitive strategies
include mergers with tech firms, new product developments, and marketing
activities to increase customer outreach.
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“The Saudi Arabia and United Arab Emirates are growing at considerable growth
rate with increase in two-wheeler fleet and addition of electric two-wheeler
motorcycle. Companies are focused on increasing their dealers and distribution
network in the region for shorter lead time of two-wheeler delivery.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Middle East Two-Wheeler Market Segmented By Vehicle
Type (Scooter/Moped, and Motorcycle), By Capacity (Up to 125cc, 126-250cc,
250-500cc, Above 500cc, Electric), By End Use (Individual, Institutional), By
Region, Competition, Forecast & Opportunities, 2018- 2028F” has evaluated
the future growth potential of Middle East Two Wheeler Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Two wheeler market.
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