The electric scooter market industry is projected to grow from USD Significant by 2032, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2023 - 2032). The fact that solar electricity is the most affordable energy source in human history and that lighter lithium-ion batteries are significantly less expensive are the two main market drivers driving the market demand for e-scooters. The competitiveness of e-scooters producers has been made possible by these remarkable technologies.
The rising sales of two-wheeled electric vehicles (EVs) due to rising income levels and fast urbanization is one of the main factors positively driving the demand for e-bikes. There is a sharp spike in demand for high-performance, fuel-efficient e-bikes due to concerns about the rise in CO2. E-bikes are also getting more and more common in the area as individuals realize how important it is to maintain good physical fitness. Other than that, strict regulations and fuel economy requirements set by governments across the globe to lower carbon emissions are creating a favorable market environment. Additionally, top players are releasing smartphone applications that use smart e-bike monitoring systems (SEMS) to track fitness and provide up-to-date data.
Customers' interest in trekking e-bikes has increased recently because of their robust construction. Mountain e-bike sales are rising as people look for new leisure opportunities. Trekking e-bikes are proving to be a practical solution as consumer interest in high-performance adventure sports increases. These e-bikes are used for daily commuting to work and shopping in the area, as well as mountain trekking. Mountain e-bikes are also a status symbol due to their elevated cost and elegance. It is anticipated that these elements will increase customers' interest in mountain e-bikes. For instance, on December 6, 2021, FENIX, the leading electric mobility platform in the Middle East with the goal of empowering communities and unleashing urban potential, was scheduled to introduce a new form factor to its extensive fleet of electric vehicles. Residents and visitors in specific areas of the United Arab Emirates (UAE) and Qatar would be able to rent shared electric bikes on demand. Thus, driving the electric scooter market revenue.
The Middle East & Africa Electric Scooter market segmentation, based on type includes 2 Wheel and 3 Wheel. The 2 wheel segment dominated the market mostly. These are stand-up, lightweight scooters made for short-distance transportation. They may be rented using smartphone apps and are frequently offered for rent in urban areas. These scooters are operated by standing on a platform and kicking off the ground to propel the rider forward. They are well-liked for quick journeys inside cities.
The Middle East & Africa Electric Scooter market segmentation, based on design includes Foldable and Unfoldable. The foldable segment dominated the market. In the MEA region, where traffic congestion and the demand for effective, environmentally friendly transportation solutions are becoming major issues, foldable electric scooters can be especially well-suited for urban settings. Additionally, the portability of foldable electric scooters makes them appealing. Foldable scooters are a practical option in urban areas where last-mile connectivity and public transportation are crucial.
The Middle East & Africa Electric Scooter market segmentation, based on foot platform includes Less Than 3.5 Feet, 3.5 Feet, 5 Feet, and Others. The 3.5 feet segment dominated the market. Electric scooters that fall into the "3.5-foot platform" market group usually belong to a certain size or brand. Scooters featuring longer decks for improved comfort and stability may fall into this category.
The Middle East & Africa Electric Scooter market segmentation, based on material includes Industrial-Grade Aluminum Alloy, Carbon Fiber, Plastic, and Composite. The industrial-grade aluminum segment dominated the market. Industrial-grade aluminum alloys are frequently utilized in the manufacturing of scooter frames and other components in the Middle East and Africa (MEA) electric scooter market. These alloys are chosen because they are appropriate for electric scooters and have the qualities of being both lightweight and robust. They regulate the scooter's weight for effective electric propulsion while offering good robustness and resistance to corrosion.
The Middle East & Africa Electric Scooter market segmentation, based on age includes 5 - 8 Years, 8 - 12 Years, and Less Than 5 Years. The offshore segment dominated the market. These scooters are designed with safety measures to meet the needs of this age group and are often smaller in size and slower in speed. Children's controls are age-appropriate and equipped with safety measures. These scooters' popularity in the Middle East and Africa (MEA) may fluctuate depending on things like local laws, consumer demand, and the manufacturers' product availability.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Middle East & Africa Electric Scooter market is growing rapidly over the forecast period. Electric scooters are becoming more and more popular across the Middle East and Africa. Government programs to encourage electric mobility, the desire to lessen reliance on fossil fuels, and growing environmental consciousness are some of the drivers propelling the market's rise. The adoption of electric scooters in the region is being led by nations such as South Africa, Israel, and the United Arab Emirates. Nonetheless, there are locations where the car and bike infrastructures collide, most notably when the bike path passes through residential areas. Bicycles in these regions should be protected from motorized traffic by the legislation.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the electric scooter market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, electric scooter industry must offer cost-effective items.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD XX Billion |
| Market Size 2023 | USD XX Billion |
| Market Size 2032 | USD XX Billion |
| Compound Annual Growth Rate (CAGR) | 8.20% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Location, and Region |
| Region Covered | Middle East & Africa |
| Countries Covered | GCC Countries, Saudi Arabia, Iran, and Rest of Middle East & Africa |
| Key Companies Profiled | Razor USA LLC, Globber, Pacific Cycle Inc., UBoard, HEBEI JIANGWO TRADING CO. LTD., SEGWAY, Hiboy, SWAGTRON, SmooSat Inc., and Hover Pro., among others. |
| Key Market Opportunities | ·      Growing Shale Gas Extraction to Promote Industry Expansion |
| Key Market Dynamics | ·      Enhancing Production and Exploration in the Oil and Gas Sector to Promote Market Expansion |
middle-east-and-africa Electric Scooter Market Highlights:
Frequently Asked Questions (FAQ) :
The Middle East & Africa Electric Scooter market size was valued at USD significant in 2022.
The market is projected to grow at a CAGR of 8.20% during the forecast period, 2023-2032.
The key players in the market are Razor USA LLC, Globber, Pacific Cycle Inc., UBoard, HEBEI JIANGWO TRADING CO. LTD., SEGWAY, Hiboy, SWAGTRON, SmooSat Inc., and Hover Pro., among others.
The 2 wheel category dominated the market in 2022.
The 8 – 12 years category had the largest share in the market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
