Market Size of Middle-East and Africa E-Bike Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 7.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle-East and Africa E-Bike Market Analysis
Middle-East and Africa E-Bike Market were valued at USD 805.12 Million in 2021, and it is projected to reach USD 1269.83 Million by 2027, registering a CAGR of 7.89% over the forecast period.
E-bike sales first fell due to the closure of offline stores across Middle-East and Africa due to COVID-19 pandemic-induced limitations. However, demand for bicycles has recently increased, with a large increase in the number of consumers attempting to avoid public transit due to fear of getting the virus. Furthermore, with consumers becoming more health-conscious, bicycles are now considered as a more dependable and healthful mode of transportation.
Over the medium term, traffic in the region is relatively unstructured, with high speeds and frequent lane changes, making bikers vulnerable. E-Bike is particularly susceptible to traffic, the e-bike path's success is strongly dependent on providing a safe cycling environment. However, there are places where the e-bike infrastructure intersects with the car infrastructure, most notably where the E-Bike path runs through residential areas. The law should help to safeguard bikes from motorized traffic in these areas. While Dubai and Abu Dhabi may not appear to be e-bike cities due to their congested roads, there are various tracks around the country that are ideal for individual and group rides.
However, high cost associated with e-bike may hamper the market growth over the forecast period.
The South Africa E-bike market is projected to expand at a significant growth rate during the forecast period. Factors such as inclination towards healthy lifestyles, a growing fitness trend, and increasing preference for recreational activities are driving the market. The decrease in the cost of Li-ion batteries is driving the e-bikes market.
