Saudi Arabia Electric Two-Wheeler Market Grow with a CAGR of 8.31% through 2030
Saudi Arabia's electric two-wheeler
market is gaining traction, driven by sustainability goals, urban mobility
needs, rising fuel costs, and government support for green transportation under
Vision 2030 initiatives.
According
to TechSci Research report, “Saudi Arabia Electric Two-Wheeler Market – By
Region, Competition, Forecast & Opportunities, 2030F”, the Saudi
Arabia Electric Two-Wheeler market stood at USD 1.82 million in 2024 and is anticipated to grow USD 2.93 million by
2030 with a CAGR of 8.31% during
forecast period. The
electric two-wheeler market in Saudi Arabia is undergoing a transformative
phase, supported by a blend of national policy initiatives, technological
advancement, shifting consumer preferences, and broader sustainability goals.
Driven by the Kingdom’s Vision 2030 agenda, which emphasizes diversification
from oil and the development of a green economy, the market is gradually
emerging as a key component of the country’s evolving mobility landscape. The
push for sustainable transportation solutions is encouraging the adoption of
electric vehicles (EVs), including two-wheelers, as the government actively
promotes clean energy alternatives to reduce carbon emissions, enhance urban
mobility, and meet climate objectives.
Electric two-wheelers, which include
scooters, mopeds, and motorcycles, are gaining popularity as practical and
cost-effective alternatives to conventional gasoline-powered vehicles. These
vehicles offer multiple advantages—lower operational costs, reduced maintenance
requirements, and zero tailpipe emissions—which make them highly suitable for
both personal and commercial use. With rising fuel prices and increasing
awareness about environmental conservation, electric two-wheelers are
increasingly seen as a viable option for daily commuting and last-mile delivery
services. Furthermore, their compact size and ease of maneuverability make them
ideal for navigating the congested streets of Saudi Arabia’s rapidly urbanizing
cities.
The market is also benefiting from a
growing focus on micro-mobility and shared mobility solutions. As urban centers
become more congested and the need for efficient, space-saving transport grows,
electric two-wheelers are emerging as a strategic solution. Their suitability
for short-distance travel has made them particularly appealing to students,
delivery personnel, and gig economy workers. This trend is further amplified by
the rise of e-commerce and on-demand delivery platforms, which are increasingly
integrating electric two-wheelers into their logistics fleets to lower
operating costs and reduce environmental impact. Several local and
international companies are capitalizing on this trend by offering fleet
solutions, leasing models, and subscription-based services tailored to
commercial applications.
Infrastructure development is also
gaining momentum as public and private stakeholders invest in expanding the EV
ecosystem. While the charging infrastructure is still in its nascent stages,
several initiatives are underway to deploy public charging stations in key
urban locations, residential communities, and commercial centers. These efforts
are crucial to building consumer confidence and ensuring convenient access to
charging facilities, thereby supporting the long-term viability of the market.
Government incentives, such as reduced import duties, tax exemptions, and
support for domestic manufacturing, are further encouraging investments in this
sector.
The entry of international brands and
strategic partnerships with local companies are enhancing product availability
and market competitiveness. Established two-wheeler manufacturers from Asia and
Europe are introducing a range of electric models specifically designed to meet
the needs of Saudi consumers. At the same time, local startups and automotive
players are exploring opportunities to assemble or manufacture electric
two-wheelers domestically, leveraging government support and tapping into the
growing demand for sustainable transportation. These developments are helping
build a robust supply chain and after-sales network, essential for scaling
adoption across the Kingdom.
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" Saudi Arabia Electric Two-Wheeler Market”
Saudi Arabia
Electric Two-Wheeler market is segmented into vehicle type, range, battery
capacity and company.
Based on the vehicle type, electric scooters and
mopeds are the fastest-growing segment in Saudi Arabia’s electric two-wheeler
market, driven by their affordability, convenience, and suitability for urban
commuting and delivery services. Their compact design, low maintenance costs,
and ease of use make them ideal for navigating congested city streets. Growing
demand from e-commerce and food delivery platforms, along with increasing fuel
prices and environmental awareness, is accelerating their adoption.
Additionally, advancements in battery technology and the emergence of app-based
scooter-sharing services are enhancing their appeal among young, tech-savvy
users, positioning electric scooters and mopeds as a practical solution for
short-distance urban mobility.
Based on the region,
the Western region of Saudi
Arabia is emerging as the fastest-growing area in the electric two-wheeler
market, driven by its urban development, tourism activity, and population
density. Cities like Jeddah, Mecca, and Medina are witnessing increased demand
for efficient, eco-friendly mobility solutions to support both residents and
visitors. The region’s growing focus on sustainability, coupled with
government-led infrastructure projects and smart city initiatives, is fostering
an environment conducive to electric vehicle adoption. Additionally, the rising
popularity of delivery services and urban commuting needs are fueling the rapid
uptake of electric two-wheelers across the Western region's metropolitan
centers.
Major companies
operating in Saudi Arabia Electric Two-Wheeler market are:
- Barq
EV
- ONE
MOTO Technologies Ltd
- BMW
Motorrad
- Hon
Hai Precision Industry Co.
- Rooder
Group
- Toyota
Motor Corporation
- BMW
AG
- Tesla
Inc.
- Porsche
AG
- Rivian
Automotive, Inc.
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“Technological
advancement is another critical factor accelerating the growth of the electric
two-wheeler market in Saudi Arabia. Innovations in battery technology particularly
the adoption of lithium-ion batteries, have significantly improved vehicle
performance, driving range, and charging efficiency. Faster charging times and
the growing availability of battery-swapping solutions are addressing the issue
of range anxiety, which has historically been a major barrier to EV adoption.
Additionally, smart features such as GPS navigation, mobile app integration,
anti-theft systems, and IoT-enabled diagnostics are increasingly being
incorporated into electric two-wheelers, enhancing the overall user experience
and attracting tech-savvy consumers/,” said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based management consulting firm.
"Saudi Arabia Electric Two-Wheeler Market, By Vehicle Type (Electric Scooter & Moped, Electric Motorcycle), By Range (Less than 50 Km, 50–100 Km, 100–150 Km, Above 150 Km), By Battery Capacity (<25Ah, >25Ah), By Region, Competition, Forecast & Opportunities, 2020-2030F”, 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 the Saudi Arabia
Electric Two-Wheeler market.
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