The Bicycles market in Qatar has been experiencing significant growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Qatari consumers have shown a growing interest in bicycles as a means of transportation and leisure activity. This can be attributed to several factors, including the increasing emphasis on health and fitness, the desire for sustainable and eco-friendly modes of transport, and the availability of dedicated cycling infrastructure in the country. Additionally, the younger generation in Qatar is increasingly adopting bicycles as a trendy and fashionable mode of transportation.
Trends in the market: One of the key trends in the Bicycles market in Qatar is the growing demand for electric bicycles. Electric bicycles offer the benefits of traditional bicycles, such as improved health and reduced environmental impact, while also providing the convenience of electric assistance for longer distances or hilly terrain. This trend is in line with the global shift towards electric mobility and the increasing availability of electric bicycle models in the market. Another trend in the market is the rise of bike-sharing services. These services provide affordable and convenient access to bicycles for short-term use, catering to both residents and tourists in Qatar. Bike-sharing services have gained popularity due to their ease of use, flexibility, and contribution to reducing traffic congestion and carbon emissions. This trend is in line with the global trend of shared mobility services and the increasing popularity of bike-sharing in major cities worldwide.
Local special circumstances: Qatar's government has been actively promoting cycling as a sustainable mode of transportation and leisure activity. The government has invested in the development of dedicated cycling infrastructure, including bike lanes and cycling tracks, to encourage more people to take up cycling. Additionally, initiatives such as the Qatar National Vision 2030, which aims to promote a sustainable and environmentally friendly society, have further contributed to the growth of the Bicycles market in Qatar.
Underlying macroeconomic factors: The Bicycles market in Qatar has also been influenced by underlying macroeconomic factors. The country's strong economic growth, high disposable incomes, and a young and growing population have contributed to increased consumer spending on bicycles. Additionally, the government's focus on diversifying the economy and reducing reliance on oil has led to investments in sectors such as tourism and leisure, which further drive the demand for bicycles as a recreational activity. In conclusion, the Bicycles market in Qatar is experiencing significant growth due to customer preferences for sustainable and healthy modes of transportation, market trends such as the rise of electric bicycles and bike-sharing services, local special circumstances including government support for cycling infrastructure, and underlying macroeconomic factors such as strong economic growth and a young population. This growth is expected to continue in the coming years as more people in Qatar embrace cycling as a lifestyle choice.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the sales of bicycles and the respective average prices for bicycles.Modeling approach:
Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.Additional notes:
The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
