Press Release

Saudi Arabia Electric Two-Wheeler Market to Grow with a CAGR of 8.14% in Saudi Arabia through to 2028

The rising need for efficient urban mobility solutions to combat congestion, a growing environmental awareness promoting eco-friendly transportation are the factors driving market in the forecast period 2024-2028


According to TechSci Research report, “Saudi Arabia Electric Two-Wheeler Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Saudi Arabia Electric Two-Wheeler Market stood at USD 1.72 Million in 2022 and is anticipated to grow with a CAGR of 8.14% in the forecast period, 2023-2028.

The Saudi Arabia Electric Two-Wheeler Market is currently undergoing a significant transformation, largely influenced by the country's urbanization and a growing need for sustainable and efficient modes of transportation. In this evolving landscape, electric scooters, mopeds, and motorcycles have emerged as practical and eco-friendly alternatives for navigating the congested streets of Saudi cities. Their compact design and agility make them well-suited for urban commuting, offering a convenient solution to address traffic congestion and enhance urban mobility.

The Saudi government has taken proactive steps to promote the adoption of electric two-wheelers. Supportive policies, incentives, and regulations have been introduced to encourage the use of these vehicles. Additionally, the government has invested in creating charging infrastructure and dedicated lanes, further facilitating the adoption of electric two-wheelers in urban areas. These measures underscore the commitment to establishing a favorable environment for electric mobility.

Rising environmental awareness among consumers is another significant driver of the Electric Two-Wheeler Market in Saudi Arabia. These vehicles produce zero tailpipe emissions, making them an eco-conscious choice for urban commuters. As concerns about sustainability and environmental impact gain traction, electric two-wheelers have become a symbol of responsible urban mobility.

Furthermore, the market has seen the proliferation of ride-sharing and rental programs, often facilitated through smartphone applications. These programs have increased the convenience of urban mobility by providing users with access to shared electric two-wheelers for short journeys, reducing the reliance on personal vehicle ownership.

The market is diverse, offering a range of electric two-wheelers, from scooters and mopeds designed for daily commuting to powerful electric motorcycles suitable for enthusiasts and long-distance travellers. This diversification caters to a broad spectrum of consumer preferences, driving the market's growth and contributing to the development of a modern and environmentally conscious transportation ecosystem in Saudi Arabia.

Market trends in the Saudi Arabia Electric Two-Wheeler Market are marked by several notable developments. One prominent trend is the increasing diversification of electric two-wheeler offerings, catering to a wide range of consumer preferences. This includes compact electric scooters and mopeds for urban commuting, as well as powerful electric motorcycles for enthusiasts and long-distance travellers. Moreover, ride-sharing, and rental programs, often facilitated through smartphone applications, are gaining popularity, offering users convenient access to electric two-wheelers for short journeys. Additionally, the government's supportive policies, infrastructure development, and incentives have contributed to the market's growth. As sustainability and environmental awareness rise, electric two-wheelers are becoming symbols of responsible urban mobility, aligning with the global shift towards eco-conscious transportation solutions. These trends collectively indicate a promising future for the Saudi Arabian Electric Two-Wheeler Market as it continues to evolve and shape the country's urban mobility landscape.


Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on "Saudi Arabia Electric Two-Wheeler Market.” 


Riyadh, the capital and largest city of Saudi Arabia, serves as a prominent hub for electric two-wheeler adoption. The region witnesses a higher concentration of electric two-wheelers due to its dense urban population and increasing traffic congestion. The government has been proactive in establishing charging infrastructure and promoting electric mobility in Riyadh, making it a key market for electric scooters and motorcycles.

Jeddah, a major city on the Red Sea coast, also embraces electric two-wheelers, particularly electric scooters and mopeds. The city's coastal climate and relatively shorter commuting distances make it conducive to electric two-wheeler use. Jeddah's tourism and leisure industry contribute to the popularity of electric motorcycles for exploring the city's attractions.

The Eastern Province, home to several industrial cities and a significant expatriate population, experiences growing interest in electric two-wheelers. Electric scooters and mopeds are preferred for daily commuting to workplaces, while electric motorcycles are gaining traction among enthusiasts seeking a versatile riding experience.

Smaller urban centers across the country, including cities like Dammam, Khobar, and Mecca, have seen a gradual increase in electric two-wheeler adoption. These regions benefit from the overall expansion of charging infrastructure, government incentives, and a growing environmental consciousness among residents.

Rural and suburban areas, which are characterized by longer commuting distances and less developed charging infrastructure, are gradually exploring electric two-wheelers for local transportation needs. However, the adoption rate in these regions is relatively slower compared to urban centers.

The regional variations in the Saudi Arabian Electric Two-Wheeler Market highlight the importance of tailoring marketing strategies, infrastructure development, and vehicle offerings to meet the specific needs and preferences of consumers in each region. Government initiatives and private sector investments play a crucial role in promoting the sustainable growth of electric two-wheeler adoption throughout the country.


Major companies operating in Saudi Arabia Electric Two-Wheeler Market are:

  • Barq EV
  • ONE MOTO Technologies Ltd
  • BMW Motorrad
  • Hon Hai Precision Industry Co.
  • Tacita


Download Free Sample Report

Customers can also request 10% free customization on this report.


“The Saudi Arabia Electric Two-Wheeler Market emphasizes the transformative potential of these vehicles in addressing urban mobility challenges. As cities in Saudi Arabia grapple with congestion and pollution, electric two-wheelers present a sustainable and convenient solution. With the government's commitment to infrastructure development and supportive policies, the market is poised for significant growth. The ability of electric two-wheelers to reduce traffic congestion, lower emissions, and offer cost-effective commuting aligns with global trends towards sustainable urban transportation, making them a key component of Saudi Arabia's modern mobility landscape” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Saudi Arabia Electric Two-Wheeler Market By Vehicle Type (Electric Scooter & Moped and Electric Motorcycle), By Battery Capacity (<25Ah and >25Ah), By Range (Less than 50 Km, 50–100 Km, 100–150 Km, Above 150 Km), Regional, Competition, Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Saudi Arabia Electric Two-Wheeler Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Electric Two-Wheeler Market  


Contact

TechSci Research LLC

420 Lexington Avenue,

Suite 300, New York,

United States- 10170                   

Tel: +13322586602

Email[email protected]

Websitehttps://www.techsciresearch.com

Relevant Reports

Saudi Arabia Electric Two-Wheeler Market By Vehicle Type (Electric Scooter & Moped and Electric Motorcycle), By Battery Capacity (<25Ah and >25Ah), By Range (Less than 50 Km, 50–100 Km, 100–150 Km, Above 150 Km), Regional, Competition, Forecast & Opportunities, 2018-2028

Automotive | Dec, 2023

The rising need for efficient urban mobility solutions to combat congestion, a growing environmental awareness promoting eco-friendly transportation are the factors driving market in the forecast period 2024-2028

Relevant News