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United Arab Emirates E-Bike Market Size (2024 - 2029)

The UAE electric bike market is experiencing significant growth, driven by increased consumer interest in sustainable commuting options and supportive government initiatives. The market's expansion is further supported by the development of infrastructure akin to European standards, including cycling tracks and charging stations. Despite a temporary decline due to the COVID-19 pandemic, the market has rebounded as preferences shift towards green mobility solutions. The tourism sector's growth and advancements in lightweight energy storage systems also contribute to the market's potential. Although still in its early stages, the UAE is poised to capture a substantial share of the electric bike sector in the coming years.

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Market Size of United Arab Emirates E-Bike Industry

UAE E-bikes
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.89 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

UAE Electric Bike Market Analysis

The United Arab Emirates E-bike market was valued at USD 93.2 million in 2021 and is expected to reach USD 131.07 million by 2027, registering a CAGR of around 5.89% during the forecast period.

The production of e-bikes experienced a decline as a result of the COVID-19 pandemic in 2020, and subsequent lockdowns, which included all of the restrictions that followed. However, by end of 2021 market regained its momentum as life slowly returns to normal with people showing an increased interest in purchasing their method of commuting as a result of the pandemic and the possibility of contamination through public transportation.

Over the medium term, owing to rising awareness about the benefits offered by e-bikes among a wide range of consumers from younger individuals to older people coupled with government supportive initiatives the market is expected to grow significantly in coming years. In addition, UAE has also been developing its infrastructure, especially the road and transport infrastructure, on the lines of Europe with cycling tracks, charging stations, and allied facilities.

The e-bike market in the country is growing very rapidly as several startups are coming up with new platforms for renting e-bikes for users. 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 the UAE, in particular, would have a significant portion of the overall sector in the next years. The Class 1 Pedal Assist sector leads the market in terms of class, with a market share of 68 percent in 2020.

Further, the expansion of tourism sector in the country further influence the market. Additionally, development of lightweight electrical energy storage systems extends profitable opportunities to the market players in the forecast period . Also, trend towards connected e-bikes will further escalate the growth of electric bike market during the forecast period.

UAE 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 United Arab Emirates 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
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United Arab Emirates E-Bike Market Size Summary

The UAE electric bike market is experiencing a robust growth trajectory, driven by increasing consumer awareness of the benefits of e-bikes and supportive government initiatives. The market, which faced a temporary setback due to the COVID-19 pandemic, has rebounded as individuals seek alternative commuting methods to avoid public transportation. The UAE's infrastructure development, including cycling tracks and charging stations, aligns with European standards, further bolstering the market's expansion. The rise of startups offering e-bike rental platforms and the growing preference for green mobility solutions are contributing to the market's rapid growth. The Class 1 Pedal Assist segment currently leads the market, reflecting a shift towards more sustainable transportation options.

The market's growth is further supported by the expansion of the tourism sector and advancements in lightweight electrical energy storage systems. The trend towards connected e-bikes is expected to enhance market growth, as these vehicles become more integrated with technology. Despite the higher initial cost compared to traditional two-wheelers, the long-term savings on fuel and maintenance are attracting investments from various sectors, including logistics and tourism. Strategic partnerships and product innovations by key players, such as Motoboy and TIER, are facilitating market penetration and expansion. The market's moderate consolidation, with global and local players like Giant Bicycles and EMotorad, is driving competition and encouraging further developments in the e-bike sector.

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United Arab Emirates E-Bike Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value USD million)

    1. 2.1 By Propulsion Type

      1. 2.1.1 Pedal Assisted

      2. 2.1.2 Throttle-assisted (Power-on-demand)

    2. 2.2 By Application

      1. 2.2.1 E-Mountain

      2. 2.2.2 Cargo

      3. 2.2.3 City/Urban

    3. 2.3 By Battery Type

      1. 2.3.1 Lithium-ion Battery

      2. 2.3.2 Lead-acid Battery

      3. 2.3.3 Other Battery Types

    4. 2.4 By Power

      1. 2.4.1 Less than and Equal to 250W

      2. 2.4.2 Above 250W

United Arab Emirates E-Bike Market Size FAQs

The United Arab Emirates E-Bike Market is projected to register a CAGR of 5.89% during the forecast period (2024-2029)

Giant Bicycles, Trek Bikes, E Motorad, EMX motors LLC and Eveons Mobility LLC are the major companies operating in the United Arab Emirates E-Bike Market.

UAE E-Bike Market Report Snapshots

UAE Electric Bike Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)