Saudi Arabia Two Wheeler Market: Growth, Opportunity and Forecast 2026
Posted by arshiyashaikh on February 16th, 2021
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “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” under Automotive category. The Saudi Arabia Two Wheeler Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Two Wheeler Market was valued USD 72.29 Million in 2020 and is forecast to grow at 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 a very limited scope for two-wheelers due to extreme weather conditions. Additionally, increasing working population and surge in number of women drivers are further expected to propel the market growth. Two wheelers are affordable, require low maintenance, emit lower emission and are easy to maneuver, which are contributing to the growing share of two wheeler.
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 drives 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:
Objective of the Study:
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across the globe. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Our Research calculated the market size of Saudi Arabia two wheeler market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated 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 Our Research.
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About the Authorarshiyashaikh
Joined: February 5th, 2019
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