Saudi Arabia Electric Bike Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Electric Bike Market is estimated to reach USD 3.15 million by 2033 with a CAGR of 6.25%.
The report includes an in-depth analysis of the Saudi Arabia Electric Bike Market, including market size and trends, product mix, applications, and supplier analysis. Often abbreviated as "e-bike," an electric bicycle is a two-wheeled vehicle with an electric motor to assist the rider's pedaling motion. These inventive bicycles are painstakingly designed to blend the benefits of motorized transportation with the advantages of conventional cycling, including environmental friendliness and physical health advantages. To meet the different needs and tastes of riders, e-bikes come in a wide variety of forms, such as foldable models, mountain bikes, and urban commuter bikes. An readily replenishable rechargeable battery powers the electric motor of an e-bike.
- June 2022; Through a cooperation with Sela Sport Company, TIER, the world’s top provider of shared micro mobility services, announces its entry into the Kingdom of Saudi Arabia. TIER offers electric vehicles ranging from e-scooters to e-bikes. Softbank Investment Advisers in Riyadh started the collaboration after SoftBank invested.
- December 2021; In certain regions of the United Arab Emirates and Qatar, Fenix a prominent electric mobility platform in the region, has introduced on demand shared electric bikes to locals and tourists. With Aspire Zone in Doha, Qatar, Fenix has formed an exclusive micromobility agreement to offer its Fenix e Bikes as a secure, practical, and effective mode of transportation for guests traveling across the sports complex.
Market Opportunities and Challenges
Opportunities- Saudi Arabia's e-bike business is expanding rapidly, mostly due to a number of important factors. First off, the need for electric motorcycles has increased due to the growing emphasis on environmental sustainability. E-bikes are becoming a more appealing option for people looking for greener mobility options as concerns about air pollution and climate change grow. Moreover, urbanization trends are a major factor driving the e-bike industry. E-bikes are a practical and effective way to get around congested streets in cities where traffic jams and congestion are a result of rapid urban population expansion. Additionally, people are choosing e-bikes as they provide an accessible option to exercise and commute at the same time, as knowledge of the health advantages of riding has grown.
Challenges- Since they provide additional motor power whenever the rider wants it, electric bikes are the most convenient form of transportation. When weighed against fuel-powered cars, they are incredibly economical. But the price appears very costly when you compare it to traditional bicycles, both gear and non-gear models. The high initial cost of an E-bike prevents the market from expanding. Additionally, the E-bikes require a lot of maintenance as the battery needs to be charged after each ride and needs to be replaced if there is a problem. It also includes a motor and the entire electrical system, which would need additional maintenance funding in the event of a problem.
Market Competitive Landscape
The Saudi Arabia Electric Bike Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Accell Group, Brompton Bicycle Ltd, Cube Bikes, Giant Manufacturing Co. Ltd, Merida Industry Co. Ltd, Rad Power Bikes, Riese & Müller, Specialized Bicycle Components, Inc, Trek Bicycle Corporation, TRINX Bikes, Others.
Scope of the Report:
| Report Metric | Details |
Market size available for
years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Propulsion Type, By Battery Type, By Power Type.
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| Regions covered | Central Region, Northern Region, Southern Region
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| Companies Covered | Accell Group, Brompton Bicycle Ltd, Cube Bikes, Giant Manufacturing Co. Ltd, Merida Industry Co. Ltd, Rad Power Bikes, Riese & Müller, Specialized Bicycle Components, Inc, Trek Bicycle Corporation, TRINX Bikes, Others.
|
COVID-19 Impact on Saudi Arabia Electric Bike Market
The COVID-19 outbreak had a major effect on the Saudi Arabian electric bike sector, spurring demand as people looked for safer, more socially distancing forms of transportation. There was an increase in demand for personal mobility solutions as a result of lockdowns and social distancing measures, and electric bikes became the go-to choice. A move toward sustainable living and greater health consciousness also helped to stimulate the market. Disruptions to the supply chain initially presented difficulties, but the market swiftly adjusted, highlighting the tenacity and promise of the electric bike sector.
Key Target Audience:
- Eco-Conscious Consumers
- Tourists and Leisure Riders
- Health and Fitness Enthusiasts
- Young Professionals
- Tourism Sector
Our in-depth analysis of the Saudi Arabia Electric Bike Market includes the following segments:
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By Propulsion Type: |
Pedal Assisted
Throttle Assisted
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By Battery Type: |
Lithium-ion
Lead acid battery
Others
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By Power Type: |
Less Than and Equal to 250W
Above 250W
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Key Topics Covered in the Report:
- Saudi Arabia Electric Bike Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Electric Bike Market
- Segmentation of Saudi Arabia Electric Bike Market by Propulsion Type (Pedal Assisted, Throttle Assisted)
- Segmentation of Saudi Arabia Electric Bike Market by Battery Type (Lithium-ion, Lead Acid Battery, Others)
- Segmentation of Saudi Arabia Electric Bike Market by Power Type (Less Than and Equal to 250W, Above 250W)
- Statistical Snap of Saudi Arabia Electric Bike Market
- Expansion Analysis of Saudi Arabia Electric Bike Market
- Problems and Obstacles in Saudi Arabia Electric Bike Market
- Competitive Landscape in the Saudi Arabia Electric Bike Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Electric Bike Market
- Details on Current Investment in Saudi Arabia Electric Bike Market
- Competitive Analysis of Saudi Arabia Electric Bike Market
- Prominent Players in the Saudi Arabia Electric Bike Market
- SWOT Analysis of Saudi Arabia Electric Bike Market
- Saudi Arabia Electric Bike Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Electric Bike Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Electric Bike Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Electric Bike Market
7. Saudi Arabia Electric Bike Market, By Propulsion Type (USD Million) 2020-2033
7.1. Saudi Arabia Electric Bike Market Size, Share and Forecast, By Propulsion Type, 2020-2026
7.2. Saudi Arabia Electric Bike Market Size, Share and Forecast, By Propulsion Type, 2027-2033
7.3. Pedal Assisted
7.4. Throttle Assisted
8. Saudi Arabia Electric Bike Market, By Battery Type (USD Million) 2020-2033
8.1. Saudi Arabia Electric Bike Market Size, Share and Forecast, By Battery Type, 2020-2026
8.2. Saudi Arabia Electric Bike Market Size, Share and Forecast, By Battery Type, 2027-2033
8.3. Lithium-ion
8.4. Lead acid battery
8.5. Others
9. Saudi Arabia Electric Bike Market, By Power Type(USD Million) 2020-2033
9.1. Saudi Arabia Electric Bike Market Size, Share and Forecast, By Power Type, 2020-2026
9.2. Saudi Arabia Electric Bike Market Size, Share and Forecast, By Power Type, 2027-2033
9.3. Less Than and Equal to 250W
9.4. Above 250W
10. Saudi Arabia Electric Bike Market Forecast, 2020-2033 (USD Million)
10.1. Saudi Arabia Electric Bike Market Size and Market Share
11. Saudi Arabia Electric Bike Market, By Region, 2020-2033 (USD Million)
11.1. Saudi Arabia Electric Bike Market Size and Market Share By Region (2020-2026)
11.2. Saudi Arabia Electric Bike Market Size and Market Share By Region (2027-2033)
11.3. Northern Region
11.4. Central Region
11.5. Southern Region
12. Company Profile
12.1. ACCELL GROUP
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. FLYER E BIKES
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. GIANT MANUFACTURING CO LTD.
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. HERO ELECTRIC
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. PEDEGO ELECTRIC BIKES
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. RAD POWER BIKES
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SPECIALIZED BICYCLE COMPONENTS, INC.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. TREK BICYCLE CORPORATION
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. TRINX BIKES
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
