Saudi Arabia Two-Wheeler Market 2027

MARKET INTELLIGENCE. CONSULTING www.techsciresearch.com 2017 – 2027 Saudi Arabia Two - Wheeler Market Forecast and Opportunities

2 2 © TechSci Research Automotive S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4 . 1 . Factors Influencing Purchase Decision 4 . 2 . Aided and Unaided Brand Recall 4 . 3 . Brand Switching and Brand Switching Attributes 4 . 4 . Brand Satisfaction Level 5. Saudi Arabia Two - Wheeler Market Outlook 5 . 1 . Market Size & Forecast 5 . 1 . 1 . By Value & Volume 5 . 2 . Market Share & Forecast 5 . 2 . 1 . By Vehicle Type (Motorcycle, Scooter/Moped) 5 . 2 . 2 . By Engine Capacity (Till 125 cc, 126 - 250 cc, 251 - 500 cc, Above 500 cc) 5 . 2 . 3 . By Type of Sales (Individual, Institutional) 5 . 2 . 4 . By Region 5 . 2 . 5 . By Company ( 2021 ) 5.3. Product Market Map (By Vehicle Type, By Engine Capacity, By Type of Sales and By Region) Table of Contents

3 3 © TechSci Research Automotive S. No. Contents 6. Saudi Arabia Motorcycle Market Outlook 6 . 1 . Market Size & Forecast 6 . 1 . 1 . By Value & Volume 6 . 2 . Market Share & Forecast 6 . 2 . 1 . By Engine Capacity 6 . 2 . 2 . By Type of Sales 6 . 2 . 3 . By Region 6 . 2 . 4 . By Company ( 2021 ) 6.3. Prominent Motorcycle Models 6.4. Product Market Map (By Region) 7. Saudi Arabia Scooter/Moped Market Outlook 7 . 1 . Market Size & Forecast 7.1.1. By Value & Volume 7 . 2 . Market Share & Forecast 7 . 2 . 1 . By Engine Capacity 7 . 2 . 2 . By Type of Sales 7 . 2 . 3 . By Region 7 . 2 . 4 . By Company ( 2021 ) 7.3. Prominent Scooter/Moped Models 7.4. Product Market Map (By Region) Table of Contents

4 4 © TechSci Research Automotive S. No. Contents 8. Market Dynamics 8 . 1 . Drivers 8 . 2 . Challenges 9. Market Trends and Developments 10. SWOT Analysis 11. Impact of COVID - 19 on Saudi Arabia Two - Wheeler Market 12. Policy and Regulatory Landscape 13. Saudi Arabia Economic Profile 14. Competitive Landscape 14 . 1 . Suzuki Barayan (Saleh Omar Barayan Sons Co Ltd) 14 . 2 . Harley - Davidson Inc. (M.A. Al - Mutlaq Sons Co.) 14 . 3 . Yamaha Motor Co. Ltd. (Al Khorayef Commercial Co. Ltd.) 14 . 4 . KTM AG (Tristar Motorcycles LLC) 14 . 5 . Moto Guzzi (Tristar Motorcycles LLC) 14 . 6 . Honda Motor Company Limited (Abdullah Hashim Company Ltd.) 14 . 7 . Kawasaki Motors Ltd. (Arabian Auto Agency Co. Ltd.) 14 . 8 . BMW Motorrad (Mohamed Yousuf Naghi Motors Co.) 14 . 9 . Hero MotoCorp Ltd. (M.A. Al - Mutlaq Sons Co.) 14 . 10 . Ducati Motor Holding S.p.A. (Saudi Arabian Marketing and Agencies Company. Ltd) 15. Strategic Recommendations 16. Product Benchmarking of Chinese Two - Wheeler Brands 17. About Us and Disclaimer Table of Contents

5 5 © TechSci Research Automotive Scope of Report Product of Interest (POI): Two - Wheeler Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range SAUDI ARABIA TWO - WHEELER MARKET Market Segmentation BY ENGINE CAPACITY • Till 125cc • 126 - 250cc • 251 - 500cc • Above 500cc BY VEHICLE TYPE • Motorcycle • Scooter/Moped BY REGION • Western • Eastern • Southern • Northern & Central BY TYPE OF SALES • Individual • Institutional A motorcycle is defined as a two - wheeled motor vehicle with an engine mounted in the middle of the frame, a fuel tank above it and a manual clutch and gear system . A scooter is a two - wheeled motor vehicle with a step - through frame and the engine located between the rider and the rear . A moped is defined as a lightweight two - wheeler with an engine capacity of not more than 100 cc . The engine is located below the driver seat with an overlay of plastic or non - structural body panels .

RESEARCH METHODOLOGY

7 7 © TechSci Research Automotive ✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In - depth Interviews Data Collection Developing List of Respondents Formulating Questionnaire Market Profiling Data Validation Data Analysis In - depth secondary research was conducted to determine top companies in Saudi Arabia two - wheeler market, overall market size and segmental market size. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of leading companies and industry specialists was developed. TechSci conducted interviews with industry experts and leading companies for data collection and verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. The data was scrutinized using MS - Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Saudi Arabia two - wheeler market. Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Final Conclusion ✓ Market Participants ✓ Key Strengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Secondary Research Primary Research Research Methodology

8 8 © TechSci Research Automotive Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia two - wheeler market . The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing traffic congestion and rising demand for connectivity in mid - sized and smaller cities, etc . and speculated a positive outlook during the next five years . The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia two - wheeler market . Methodology Followed for Calculation of Market Size : • Market Size by Value & Volume : Market size, in terms of value & volume, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as two - wheeler manufacturers , distributors, suppliers, industry experts and other industry participants . • The team interviewed more than 12 two - wheeler brands , 15 two - wheeler distributors/dealers, 20 industry experts and other value chain stakeholders in Saudi Arabia Two - Wheeler market to obtain the overall market size for 2017 - 2021 , which was validated by the Delphi technique . Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for the historical period . • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by engine capacity, by type of sales, by region and by company . Removing the outlier response, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares . Revenue shares generated across various segments were further triangulated from other stakeholders . Research Methodology

9 9 © TechSci Research Automotive Methodology Followed For Calculation of Market Shares : Market shares by vehicle type, by engine capacity, by type of sales, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares, trends and recent development in the Saudi Arabia two - wheeler market . The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers . Methodology Followed for Forecasting : • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results . • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market . To forecast Saudi Arabia Two - Wheeler market, TechSci Research used various forecast techniques such as : ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis Research Methodology

10 10 © TechSci Research Automotive TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions . TechSci Research also used the impact analysis during short, medium and long - term period to estimate the demand and to reach accurate market numbers . It should be noted that the figures compiled are only for the organized market including market share data . The market size is given in USD Million and Thousand Units . Partial List of Companies Interviewed Key Secondary Sources ▪ Suzuki Barayan (Saleh Omar Barayan Sons Co Ltd) ▪ Harley - Davidson Inc. (M.A. Al - Mutlaq Sons Co.) ▪ Yamaha Motor Co., Ltd. (Al Khorayef Commercial Co. Ltd.) ▪ KTM AG (Tristar Motorcycles LLC) ▪ Moto Guzzi (Tristar Motorcycles LLC) ▪ Honda Motor Company Limited (Abdullah Hashim Company Ltd.) ▪ Kawasaki Motors Ltd. (Arabian Auto Agency Co. Ltd.) ▪ BMW Motorrad (Mohamed Yousuf Naghi Motors Co.) ▪ Hero MotoCorp Ltd. (M.A. Al - Mutlaq Sons Co.) ▪ Ducati Motor Holding S.P.A. (Saudi Arabian Marketing and Agencies Company. Ltd) ▪ General Authority of Statistics ▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge Repository ▪ Company Annual Reports ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases Research Methodology

11 11 © TechSci Research Automotive Industry Brief The increasing demand from e - commerce delivery services and growing popularity of two - wheeler sporting activities to drive the S audi Arabia two wheeler market in the forecast period. According to TechSci Research report, “ Saudi Arabia Two Wheeler Market - By Region, Competition, Forecast and Opportunities, 2017 - 2027 ”, the Saudi Arabia two wheeler market stood at USD 44 . 52 million in 2021 and is expected to grow at a steady CAGR of 8 . 97 % to reach a value of USD 73 . 63 million by 2027 . The government of Saudi Arabia is promoting the automotive industry by releasing supportive initiatives and policies . International companies are partnering up with local importing companies to expand their dealer and distributor networks in tier 2 and tier 3 cities . Also, the high demand for premium motorcycles among the youth population is expected to impact sales of two wheelers significantly . The young population prefers to invest in big bikes with great specifications to travel to the office, college, and on adventurous trips . The income of the middle - class population is growing rapidly, and the growing demand for leisure and recreational activities among the youth population is expected to boost the sales of premium bikes . However, the market is majorly import dependent, and the high demand for four - wheeler vehicles among consumers may restrain Saudi Arabia two - wheeler market growth for the next five years . The Saudi Arabia two - wheeler market is segmented on the basis of vehicle type, engine capacity, type of sales, regional distribution, and competitive landscape . Based on vehicle type, the market is bifurcated into motorcycle and scooter/moped . The motorcycle segment dominated the market in 2021 and accounted for a market share of 98 . 00 % . The design of motorcycles makes them suitable for different purposes such as long - distance travel, commuting, racing, and off - road activities . Manufacturers are focusing on research and development activities to find innovative solutions to upgrade the existing version of motorcycles . Improvement in fuel efficiency and mileage and integration of Bluetooth speakers, air - cooled engines, and other advanced technology in motorcycles are expected to create lucrative growth opportunities for Saudi Arabia two - wheeler market over the next five years . The growing popularity of racing among racing enthusiasts and the preference of consumers to prefer bikes as luxurious modes of transportation for tour and traveling is expected to influence the market demand . Based on engine capacity, the market is divided into till 125 cc, 126 - 250 cc, 251 - 500 cc, above 500 cc . Above 500 cc segment led the market in 2021 with a market share of 35 . 37 % . The segment is expected to maintain its dominance in the next five years . The rise in the youth population and the growing disposable income of the consumers are driving the demand for high power capacity two wheelers for recreational and off - road activities . On the basis of regional analysis, the western region captured the highest market share of 39 . 32 % in 2021 . The western region of Saudi Arabia consists of countries like Jeddah, Mecca, and Medina, in which majority of people have high disposable income . The region is home to a number of international trading ports, sight - seeing locations, and e - commerce industries . Major market players operating in Saudi Arabia two - wheeler market are Suzuki Barayan (Saleh Omar Barayan Sons Co Ltd), Harley - Davidson Inc . (M . A . Al - Mutlaq Sons Co . ), Yamaha Motor Co . , Ltd . (Al Khorayef Commercial Co . Ltd . ), KTM AG (Tristar Motorcycles LLC), Moto Guzzi (Tristar Motorcycles LLC), Honda Motor Company Limited (Abdullah Hashim Company Ltd . ), Kawasaki Motors Ltd . (Arabian Auto Agency Co . Ltd . ), BMW Motorrad (Mohamed Yousuf Naghi Motors Co . ), Hero MotoCorp Ltd . (M . A . Al - Mutlaq Sons Co . ), Ducati Motor Holding S . p . A . (Saudi Arabian Marketing and Agencies Company . Ltd (SAMCO Marine)) “The growing popularity of e - commerce channels owing to the digital transformation of the country and the growing per capita income of consumers are driving the demand for two wheelers . The two wheelers are actively used for delivery services like food delivery, grocery delivery, and parcel delivery . Market players are offering the delivery of products at the consumer's doorstep without needing to move out of their houses physically . Also, the ease of transmission and comfortable riding experience, and presence of additional foot resting area is expected to fuel the Saudi Arabia two wheeler market growth till 2027 ” said Mr . Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm .

12 12 © TechSci Research Automotive Sample Data - Snapshot Saudi Arabia Two - Wheeler Market Size, By Value (USD Million) and Volume (Thousand Units), 2017 - 2027 F CAGR 2017 - 2021 By Value: xx % By Volume: xx % CAGR 2022E - 2027F By Value: xx % By Volume: xx % 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) Volume (Thousand Units) Saudi Arabia Motorcycle Market Share, By Engine Capacity, By Volume, 2017 - 2027 F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Above 500cc 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 126-250cc 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 251-500cc 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Till 125cc 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% Saudi Arabia Scooter/Mopeds Market Share, By Region, By Volume, 2017 - 2027 F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Western 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Northern & Central 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Eastern 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Southern 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%

13 13 © TechSci Research Automotive Report Ordering Report Name: Saudi Arabia Two - Wheeler Market Forecast and Opportunities 2017 – 2027 To View Sample OR Purchase Report License Type Price Single User License $3500 Multi - User License $4500 Custom Research License $7500

About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India . TechSci Research provides market research reports in number of areas to organizations . The company uses innovative business models that focus on improving productivity, while ensuring creation of high - quality reports . The proprietary forecasting models use various analyses of both industry - specific and macroeconomic variables on a state - by - state basis to produce a unique ‘bottom - up’ model of a country, regional and global industry prospects . Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market . Related Reports • South Africa Two Wheeler Market, By Vehicle Type (Motorcycle, Scooter/Moped), By Engine Capacity (Up to 125 cc, 126 - 250 cc, 250 - 500 cc and Above 500 cc) By Company and By Geography, Forecast & Opportunities, 2027 . • Vietnam Two Wheeler Market, By Propulsion Type (ICE, Electric), By Vehicle Type (Scooter/Moped, Motorcycle), By Region, Competition Forecast & Opportunities, 2027 . TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1 - 646 - 360 - 1656 Email: [email protected] www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable . No representation is made that it is timely, accurate or complete . TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand . However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report . The information herein, together with all estimates and forecasts, can change without notice . All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption . Usage of the same for purpose other than internal will require prior approval of TechSci Research . TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: [email protected] www.techsciresearch.com TechSci Research – Asia - Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91 - 120 - 4523900 Email: [email protected] www.techsciresearch.com