Middle East & Africa E-Bike Market Forecast to 2030
Middle East & Africa E-Bike Market Forecast to 2030 – Regional Analysis – by Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid, and Nickel Metal Hydride), Motor Type (Hub Motor and Mid Motor), Class (Class-I, Class-II, and Class-III), and Mode (Pedal Assist Mode and Throttle Mode)
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Description
Development of E-Bikes Using Lightweight Material and Advanced Smart Systems Fuels the Middle East & Africa E-Bike Market
Key players of e-bikes operating across the world are focused on developing lightweight vehicles for short-distance traveling in urban areas. The rising development of e-bikes with advanced motor systems and in-built smart app facilities will drive the e-bikes market growth in the coming years.
– In June 2023, Robert Bosch GmbH, electric bikes motor and drive systems manufacturer, launched advanced e-bike system and e-bikes. The first product launched by the company include e-bike motor, named Performance Line SX designed for manufacturing of the lightweight e-MTB, and e-gravel bikes. Also, the company further launched a e-bike Smart System Software Application for its e-bikes. This system is coupled with the drive units on e-city and e-trekking bikes. The riders benefit from all the Smart with compatible e-shift automatic transmission. Other innovations for E-bike, e-MTB, e-Gravel, and e-Urban include Compact Tube 400 battery and Power 250 range extender, Sprint riding mode (SPRNT), and Mini Remote Drop bar variant for e-Gravel.
– In March 2023, Acer P.C. developed and launched an electric bike, Ebii. Acer Ebii is a lightweight e-bike designed for urban areas, and it comes with an artificial intelligence-featured application. The bike weighs only 35 pounds and has a maximum assist speed of around 32 km/h (20mph). The bike was fully charged within only 2.5 hours.
– In September 2021, Hero Cycles, an e-cycle manufacturer, expanded its lightweight e-cycle range. This new e-bike is built based on a lightweight aluminum alloy frame and a 5.8 Ah Li-ion battery with a range of up to 30 km. Also, in November 2022, Hero Cycles launched the H3 and H5 range of e-cycles. The e-cycles are built with advanced GEMTECM technology.
Thus, rising advancements and upsurging developments with in-built software applications-based lightweight e-bike is expected to boost the e-bike market during 2022-2030.
Middle East & Africa E-Bike Market Overview
Growing urbanization, rising investments in cycling track development, and increasing consumer awareness regarding environmentally friendly transportation drive the e-bike market growth. Governments of several countries announce ample investments and subsidies for the adoption of e-bikes.
The e-bike market in the Middle East & Africa is growing at a moderate pace due to rising consumer awareness of electric bicycles across the UAE, South Africa, and Saudi Arabia. The e-bike is mostly used for logistics and transportation in the region. Hence, the key players in this region develop e-bikes for cargo carrying and short-distance traveling purposes. In July 2020, Raleigh introduced e-cargo bikes in Middle Eastern and African countries designed to carry a load of up to 100 kg and have a range of up to 75 km with a single charge. Thus, rising developments in the Middle East & Africa drive the market growth in the region.
Middle East & Africa E-Bike Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa E-Bike Market Segmentation
The Middle East & Africa e-bike market is segmented based on battery type, motor type, class, mode, and country.
Based on battery type, the Middle East & Africa e-bike market is segmented into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment held the largest Middle East & Africa e-bike market share in 2022.
In terms of motor type, the Middle East & Africa e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held a larger Middle East & Africa e-bike market share in 2022.
Based on class, the Middle East & Africa e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held the largest Middle East & Africa e-bike market share in 2022.
By mode, the Middle East & Africa e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held a larger Middle East & Africa e-bike market share in 2022.
Based on country, the Middle East & Africa e-bike market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa e-bike market in 2022.
Giant Manufacturing Co Ltd, Merida Industry Co Ltd, Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components Inc, Trek Bicycle Corp, and Yamaha Motor Co Ltd are some of the leading companies operating in the Middle East & Africa e-bike market.
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According to the Research Team’ research, the Middle East & Africa e-bike market was valued at US$ 578.45 million in 2022 and is expected to reach US$ 1,428.94 million by 2030, registering a CAGR of 12.0% from 2022 to 2030. Government initiatives for promoting eco-friendly modes of transportation and growth of outdoor sports and adventurous activities are among the critical factors attributed to the Middle East & Africa e-bike market expansion.
In the Middle East, governments are actively promoting the adoption of e-bikes through various initiatives aimed at fostering sustainable transportation solutions. For instance, the UAE has introduced incentives to promote the use of electric vehicles, including e-bikes, to combat carbon emissions and reduce traffic congestion. Dubai’s Road and Transport Authority (RTA) offers subsidies of up to 50% on the purchase price of electric bicycles, making them more accessible to residents.
Moreover, cities such as Abu Dhabi have initiated projects to develop dedicated cycling lanes and infrastructure, facilitating safer commuting for e-bike riders. The country aims to expand its cycling tracks to over 850 kilometers by 2030. The commitment to expanding cycling networks aligns with Abu Dhabi’s vision to develop a sustainable and healthier urban environment.
Furthermore, the UAE’s government has introduced regulations and policies favoring electric mobility, including e-bikes, ensuring their integration into the transportation ecosystem. These government-driven initiatives underscore the region’s dedication to promoting eco-friendly modes of transportation like e-bikes across the region.
On the contrary, high cost of e-bikes and requirement of huge capital investments in their manufacturing hampers the growth Middle East & Africa e-bike market.
Based on battery type, the Middle East & Africa e-bike market is segmented into lithium-ion, lithium-ion polymer, lead acid, and nickel metal hydride. The lithium-ion segment held 66.6% share of the Middle East & Africa e-bike market in 2022, amassing US$ 385.37 million. It is projected to garner US$ 998.83 million by 2030 to expand at 12.6% CAGR during 2022-2030.
In terms of motor type, the Middle East & Africa e-bike market is bifurcated into mid motor and hub motor. The mid motor segment held 73.2% share of the Middle East & Africa e-bike market in 2022, amassing US$ 423.31 million. It is projected to garner US$ 1,061.70 million by 2030 to expand at 12.2% CAGR during 2022-2030.
Based on class, the Middle East & Africa e-bike market is segmented into class-I, class-II, and class-III. The class-I segment held 45.4% share of the Middle East & Africa e-bike market in 2022, amassing US$ 262.62 million. It is projected to garner US$ 660.17 million by 2030 to expand at 12.2% CAGR during 2022-2030.
By mode, the Middle East & Africa e-bike market is bifurcated into pedal assist mode and throttle mode. The pedal assist mode segment held 68.9% share of Middle East & Africa e-bike market in 2022, amassing US$ 398.39 million. It is projected to garner US$ 1,005.40 million by 2030 to expand at 12.3% CAGR during 2022-2030.
Based on country, the Middle East & Africa e-bike market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia held 29.1% share of Middle East & Africa e-bike market in 2022, amassing US$ 168.27 million. It is projected to garner US$ 403.68 million by 2030 to expand at 11.6% CAGR during 2022-2030.
Key players operating in the Middle East & Africa e-bike market is Giant Manufacturing Co Ltd, Merida Industry Co Ltd, Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components Inc, Trek Bicycle Corp, and Yamaha Motor Co Ltd, among others.
In 2023, Yamaha Bicycles launched a new e-commerce platform for selling its e-bikes online in partnership with its area network of dealers. E-bike models can be purchased online from their nearest Yamaha Bicycle dealers.
In 2023, Bosch eBike Systems launched Performance Line SX lightweight drive unit for the e-bikes to expand the smart system portfolio.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa e-bike market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the e-bike market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa E-Bike Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of E-Bike Suppliers
5. Middle East & Africa E-Bike Market – Key Industry Dynamics
5.1 Middle East & Africa E-Bike Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growth of Outdoor Sports and Adventurous Activities
5.2.2 Government Initiatives for Promoting Eco-Friendly Modes of Transportation
5.2.3 Increasing Prices of Fuel and Rising Adoption of Environment-Friendly Transportation
5.3 Market Restraints
5.3.1 High Cost of E-Bikes and Requirement of Huge Capital Investments in Their Manufacturing
5.4 Market Opportunities
5.4.1 Rising Adoption of Connected E-Bikes Among Business and Government Sectors
5.5 Future Trends
5.5.1 Development of E-Bikes Using Lightweight Material and Advanced Smart Systems
5.6 Impact of Drivers and Restraints:
6. E-Bike Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa E-Bike Market Revenue (US$ Million), 2022 – 2030
6.2 Middle East & Africa E-Bike Market Forecast and Analysis
7. Middle East & Africa E-Bike Market Analysis – Battery Type
7.1 Lithium-Ion
7.1.1 Overview
7.1.2 Lithium-Ion: Middle East & Africa E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Lithium-Ion Polymer
7.2.1 Overview
7.2.2 Lithium-Ion Polymer: Middle East & Africa E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Lead Acid
7.3.1 Overview
7.3.2 Lead Acid: Middle East & Africa E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Nickel Metal Hydride
7.4.1 Overview
7.4.2 Nickel Metal Hydride: Middle East & Africa E-Bike Market, Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa E-Bike Market Analysis – Motor Type
8.1 Mid Motor
8.1.1 Overview
8.1.2 Mid Motor: Middle East & Africa E-Bike Market, Revenue, and Forecast to 2030 (US$ Million)
8.2 Hub Motor
8.2.1 Overview
8.2.2 Hub Motor: Middle East & Africa E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9. Middle East & Africa E-Bike Market Analysis – Class
9.1 Class I
9.1.1 Overview
9.1.2 Class I: Middle East & Africa E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Class II
9.2.1 Overview
9.2.2 Class II: Middle East & Africa E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Class III
9.3.1 Overview
9.3.2 Class III: Middle East & Africa E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10. Middle East & Africa E-Bike Market Analysis – Mode
10.1 Pedal Assisted Mode
10.1.1 Overview
10.1.2 Pedal Assisted Mode: Middle East & Africa E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Throttle Mode
10.2.1 Overview
10.2.2 Throttle Mode: Middle East & Africa E-Bike Market Revenue, and Forecast to 2030 (US$ Million)
11. Middle East & Africa E-Bike Market – Country Analysis
11.1 Middle East & Africa
11.1.1 Middle East & Africa E-Bike Market Overview
11.1.2 Middle East & Africa E-Bike Market Revenue and Forecasts and Analysis – By Country
11.1.2.1 Middle East & Africa E-Bike Market Revenue and Forecasts and Analysis – By Country
11.1.2.2 UAE E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 UAE E-Bike Market Breakdown by Battery Type
11.1.2.2.2 UAE E-Bike Market Breakdown by Motor Type
11.1.2.2.3 UAE E-Bike Market Breakdown by Class
11.1.2.2.4 UAE E-Bike Market Breakdown by Mode
11.1.2.3 Saudi Arabia E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Saudi Arabia E-Bike Market Breakdown by Battery Type
11.1.2.3.2 Saudi Arabia E-Bike Market Breakdown by Motor Type
11.1.2.3.3 Saudi Arabia E-Bike Market Breakdown by Class
11.1.2.3.4 Saudi Arabia E-Bike Market Breakdown by Mode
11.1.2.4 South Africa E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 South Africa E-Bike Market Breakdown by Battery Type
11.1.2.4.2 South Africa E-Bike Market Breakdown by Motor Type
11.1.2.4.3 South Africa E-Bike Market Breakdown by Class
11.1.2.4.4 South Africa E-Bike Market Breakdown by Mode
11.1.2.5 Rest of MEA E-Bike Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.5.1 Rest of MEA E-Bike Market Breakdown by Battery Type
11.1.2.5.2 Rest of MEA E-Bike Market Breakdown by Motor Type
11.1.2.5.3 Rest of MEA E-Bike Market Breakdown by Class
11.1.2.5.4 Rest of MEA E-Bike Market Breakdown by Mode
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Giant Manufacturing Co Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Merida Industry Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Pedego Electric Bikes
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Robert Bosch GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Specialized Bicycle Components, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trek Bicycle Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Yamaha Motor Co Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa E-Bike Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Battery Type
Table 5. Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Motor Type
Table 6. Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Class
Table 7. Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million) – Mode
Table 8. Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 9. UAE E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 10. UAE E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 11. UAE E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 12. UAE E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 13. Saudi Arabia E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 14. Saudi Arabia E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 15. Saudi Arabia E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 16. Saudi Arabia E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 17. South Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 18. South Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 19. South Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 20. South Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 21. Rest of MEA E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Battery Type
Table 22. Rest of MEA E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Motor Type
Table 23. Rest of MEA E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Class
Table 24. Rest of MEA E-Bike Market Revenue and Forecasts To 2030 (US$ Mn) – By Mode
Table 25. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa E-Bike Market Segmentation, By Country
Figure 2. Ecosystem: E-Bike Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa E-Bike Market Revenue (US$ Million), 2022 – 2030
Figure 5. Middle East & Africa E-Bike Market Share (%) – Battery Type, 2022 and 2030
Figure 6. Lithium-Ion: Middle East & Africa E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Lithium-Ion Polymer: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Lead Acid: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Nickel Metal Hydride: Middle East & Africa E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Middle East & Africa E-Bike Market Share (%) – Motor Type, 2022 and 2030
Figure 11. Mid Motor: Middle East & Africa E-Bike Market, Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Hub Motor: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Middle East & Africa E-Bike Market Share (%) – Class, 2022 and 2030
Figure 14. Class I: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Class II: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Class III: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Middle East & Africa E-Bike Market Share (%) – Mode, 2022 and 2030
Figure 18. Pedal Assisted Mode: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Throttle Mode: Middle East & Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Middle East & Africa E-Bike Market Revenue by Key Countries, (2022) (US$ Mn)
Figure 21. Middle East & Africa E-Bike Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 22. UAE E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Saudi Arabia E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. South Africa E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Rest of MEA E-Bike Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Middle East & Africa E-Bike Market
1. Giant Manufacturing Co Ltd
2. Merida Industry Co., Ltd.
3. Pedego Electric Bikes
4. Robert Bosch GmbH
5. Specialized Bicycle Components, Inc.
6. Trek Bicycle Corp
7. Yamaha Motor Co Ltd
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