Market Size of Saudi Arabia E-Bike Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.04 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Electric Bike Market Analysis
The Saudi Arabia E-Bike market was valued at USD 1.06 million in 2021 and is expected to reach USD 2.47 million by 2027, growing at a CAGR of 6.04% over the forecast period.
The Saudi Arabia E-bike market encountered a downfall because of the Coronavirus pandemic in 2020, owing to travel restrictions and the shutdown of manufacturing units across the country. However, by the end of 2021, the market had regained its momentum, primarily driven by fitness enthusiasts and sports athletes.
Over the medium term, the demand in the market is expected to be driven by growing consumer awareness and interest of consumers towards a healthy and enthusiastic lifestyle. With the changing preference of people in the country, more and more people are opting for green mobility solutions and opting for e-bikes. Although the market in the area is still in its early phases, it is expected that Saudi Arabia, in particular, would have a significant portion of the overall sector in the next years.
Apart from increasing consumer preference toward recreational and adventure activities, the adoption of e-bike applications in several sectors, like logistics and e-bike rental services, is expected to drive the market during the forecast period. As cities emerge from lockdowns, the demand for e-bikes is picking up pace due to their convenience and cost of operations.
Moreover, The growing commercialization of lightweight and longer battery life of e-bikes is propelling lucrative revenue streams. Bike manufacturers are also expanding the array of automobiles with different mileage and specifications to cater to the wide range of requirements of riders for the daily urban commute.
Saudi Arabia Electric Bike Industry Segmentation
An electric bike is a motorized bicycle with an integrated electric motor used to assist propulsion. Many kinds of e-bikes are available worldwide, but they generally fall into two broad categories: bikes that assist the rider's pedal power and bikes that add a throttle, integrating moped-style functionality.
The Saudi Arabia E-Bike Market report covers details about the latest technologies, trends, and developments in the market. The Scope of the report covers segmentation based on Propulsion type, Application type, Battery type, and Power type.
By propulsion type, the market is segmented into Pedal-assisted and Throttle-assisted. By Application type, the market is segmented into City/Urban, E-Mountain, and Cargo. By Battery type, the market is segmented into lithium-ion Battery, Lead-acid Battery, and Other Battery Types.
By Power type, , the market is segmented into Less than and Equal to 250W and Above 250 W. For each segment, market sizing and forecast has been done on basis of value (USD million).
| By Propulsion Type | |
| Pedal Assisted | |
| Throttle-assisted (Power-on-demand) |
| By Application | |
| E-Mountain | |
| Cargo | |
| City/Urban |
| By Battery Type | |
| Lithium-ion Battery | |
| Lead-acid Battery | |
| Other Battery Types |
| By Power | |
| Less than and Equal to 250W | |
| Above 250W |
Saudi Arabia E-Bike Market Size Summary
The Saudi Arabia electric bike market is experiencing a resurgence following the setbacks caused by the COVID-19 pandemic, which had led to travel restrictions and manufacturing shutdowns. By the end of 2021, the market regained its momentum, driven by a growing interest in fitness and a shift towards green mobility solutions. As consumer awareness of healthy lifestyles increases, more individuals are opting for e-bikes, which are becoming a popular choice for urban commuting. The market, still in its nascent stages, is poised for significant growth, with e-bike applications expanding into sectors such as logistics and rental services. The convenience and cost-effectiveness of e-bikes are further boosting their demand as cities recover from lockdowns.
The market is also witnessing advancements in technology, particularly with the commercialization of lightweight e-bikes featuring longer battery life, which are attracting diverse consumer segments. The e-cargo bike segment is expected to see positive demand, driven by companies in food delivery and logistics sectors aiming to adopt eco-friendly fleets. Key players in the market are expanding their presence through strategic initiatives like product launches and partnerships. The lithium-ion battery segment is anticipated to grow significantly, offering advantages in weight optimization and energy efficiency. Despite challenges in supply chain dependencies, particularly on Asia-Pacific countries, efforts are underway to enhance local production capabilities. The market is moderately consolidated, with both global and local players diversifying their offerings to maintain competitive advantage.
Saudi Arabia E-Bike Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value USD Million)
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2.1 By Propulsion Type
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2.1.1 Pedal Assisted
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2.1.2 Throttle-assisted (Power-on-demand)
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2.2 By Application
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2.2.1 E-Mountain
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2.2.2 Cargo
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2.2.3 City/Urban
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2.3 By Battery Type
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2.3.1 Lithium-ion Battery
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2.3.2 Lead-acid Battery
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2.3.3 Other Battery Types
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2.4 By Power
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2.4.1 Less than and Equal to 250W
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2.4.2 Above 250W
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Saudi Arabia E-Bike Market Size FAQs
What is the current Saudi Arabia E-Bike Market size?
The Saudi Arabia E-Bike Market is projected to register a CAGR of 6.04% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia E-Bike Market?
Giant Manufacturing Co. Ltd, Trek Bicycle Corporation, TRINX Bikes, Accell Group and Specialized Bicycle Components, Inc are the major companies operating in the Saudi Arabia E-Bike Market.
