The population is continuously increasing in the Middle East and Africa region, and with that, the cities are getting highly populated, the boundaries are increasing, and the infrastructure is extending to a larger extent, and the population covering the outskirts of the cities. This growing population and increasing area is leading to a rising number of vehicles on the road. People prefer driving their cars and motorcycles to take public transport for their conveyance. This has led to high congestion of traffic jams in urban cities, especially during office hours.
However, e-bikes are being seen as the best option to avoid this traffic and reach their destination quicker and more economically, which is a boosting factor for the market growth.
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Data Bridge Market Research analyses that the Middle East and Africa Electric Bike (E-Bike) Market is expected to reach USD 2,058.10 million by 2031 from USD 1,019.82 million in 2023, growing at a CAGR of 9.3% during the forecast period of 2024 to 2031.
Key Findings of the Study
Rise in Demand for Greener and Cleaner Modes of Transportation
Motor vehicles have eased the mode of transportation, and individuals can more easily and quickly travel to their desired location. Cars and motorbikes are the most commonly used mode of transportation, which is used daily by most households for commuting purposes. However, these motor vehicles lead to the formation of harmful emissions and increase the carbon footprint. This has caused adverse effects on the environment, causing global warming and depletion of the ozone layer. However, people have become more concerned about the environment and are getting an urge to drive environment-friendly vehicles. This increasing need to save the environment from degrading by motor vehicles has led to the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid, and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor, and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750W and Over 750W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle), and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo, and Others)
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Countries Covered
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Israel, Saudi Arabia, U.A.E., South Africa, Egypt, and Rest of Middle East and Africa
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Market Players Covered
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Giant Bicycles (Taiwan), Shimano Inc. (Japan), Robert Bosch Gmbh (Germany), Trek Bicycle Corporation (U.S.), Merida Bicycles (Taiwan), Brose Fahrzeugteile SE & Co. KG (Germany), Specialized Bicycle Components, Inc. (U.S.), eBee (Kenya), Koning (U.S.), Amego Electric (Canada), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
The Middle East and Africa Electric Bike (E-Bike) market is segmented into six notable segments based on battery type, hub motor location, mode, battery power, class and usage.
- On the basis of battery type, the market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid, and others
In 2024, the lithium-ion segment is expected to dominate the Middle East and Africa electric bike (e-bike) market
In 2024, the lithium-ion segment is expected to dominate the market with a 41.12% market share due to lithium-ion batteries offer higher energy density and efficiency compared to traditional battery technologies
On the basis of hub motor location, the market is segmented into mid drive hub motor, rear hub motor, and front hub motor
In 2024, mid drive hub motor segment is expected to dominate the Middle East and Africa electric bike (e-bike) market
In 2024, mid drive hub motor segment is expected to dominate the market with a 68.00% market share due to mid-drive motors are more energy-efficient compared to traditional hub motors.
- On the basis of mode, the market is segmented into pedal assist, and throttle. In 2024, the pedal assist segment is expected to dominate the market with a 79.66% market share
- On the basis of battery power, the market is segmented into under 750 W, and over 750 W. In 2024, under 750 W segment is expected to dominate the market with a 75.51% market share
- On the basis of class, the market is segmented into class I (pedal assist/pedelec), class II (throttle), and Class III (speed pedelec). In 2024, class I (pedal assist/pedelec) segment is expected to dominate the market with a 63.54% market share
- On the basis of usage, the market is segmented into city/urban, cruise, mountain/trekking bikes, racing, cargo, and others. In 2024, city/urban, cruise segment is expected to dominate the market with a 31.23% market share
Major Players
Data Bridge Market Research analyses Giant Bicycles (Taiwan), Shimano Inc. (Japan), Robert Bosch Gmbh (Germany), Trek Bicycle Corporation (U.S.), and Merida Bicycles (Taiwan) as the major market players in the Middle East and Africa electric bike (e-bike) market.
Market Developments
- In September 2023, Trek Bicycle Corporation successfully launched the Red Barn Refresh program, promoting sustainability and the circular economy by accepting used Trek bicycles for refurbishment and resale, reducing waste, and promoting cycling. The program aligns with Trek's commitment to sustainability, reflecting its dedication to reducing carbon emissions and embracing a more environmentally responsible approach, reinforcing Trek's position as a global leader in bicycle design and manufacturing
- In July 2022, Shimano Inc. successfully launched the CUES Di2 groupset, integrating premium Di2 shifting technology with their eBike systems. It introduced advanced automatic shifting modes and smooth shifting Linkglide durability, enhancing the eBike drivetrain offerings for a hassle-free and comfortable riding experience. This strategic product expansion further solidified Shimano's position in the eBike market, catering to the growing demand for convenient and efficient eBike solutions
- In July 2022, Robert Bosch GmbH expanded its smart system with innovations such as ABS Trail, minimalist remotes, and hill hold, catering to the diverse eMountain bike community's needs for sporty adventures. The introduction of the world's smallest ABS for eMTB riders, developed with professional athletes, not only enhanced rider safety but also improved performance and control on challenging trails, ultimately broadening Bosch's market appeal and strengthening its position in the eBike industry
- In June 2021, Amego Electric Vehicles Inc. launched a diverse range of advanced e-bikes from well-known brands, providing eco-conscious and tech-savvy riders with an extensive selection. This strategic move, leveraging the growing demand for electric bicycles with enhanced technical features, contributed to Amego's success by meeting the evolving preferences of the new e-bike enthusiasts and expanding their market reach
- In December 2020, Merida Bicycles launched its road e-bike range, featuring the eSCULTURA, eSPEEDER, and eSILEX models equipped with the Mahle X35+ motor system and innovative eAL700c frame. This strategic product expansion enabled Merida to offer a range of electric bikes designed for different riding purposes, catering to a broader market segment and enhancing its competitive position in the e-bike industry
Regional Analysis
Geographically, the countries covered in the Middle East and Africa electric bike (e-bike) market report are Israel, Saudi Arabia, U.A.E., South Africa, Egypt, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Israel is expected to dominate and be a fastest growing country the Middle East and Africa electric bike (e-bike) market
Israel is expected to dominate the market due to a strong track record of supporting the development of cleantech industries, and this includes e-bikes. The government has implemented a number of policies to promote e-bike adoption, such as subsidies for e-bike purchase and investment in infrastructure such as bike lanes and charging stations. Also, is the fastest growing country in the market because the country has been promoting initiatives to reduce carbon emissions and encourage sustainable transportation. Subsidies, incentives, and policies supporting electric vehicles, including E-bikes, have been implemented, fostering their adoption.
For more detailed information about the Middle East and Africa electric bike (e-bike) market report, click here – https://www.databridgemarketresearch.com/reports/middle-east-and-africa-e-bike-market
