Market Size of United Arab Emirates E-Bike Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.89 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE E-Bike Market Analysis
The United Arab Emirates E-bike market was valued at USD 93.2 million in 2021 and is expected to reach USD 131.07 million by 2027, registering a CAGR of around 5.89% during the forecast period.
The production of e-bikes experienced a decline as a result of the COVID-19 pandemic in 2020, and subsequent lockdowns, which included all of the restrictions that followed. However, by end of 2021 market regained its momentum as life slowly returns to normal with people showing an increased interest in purchasing their method of commuting as a result of the pandemic and the possibility of contamination through public transportation.
Over the medium term, owing to rising awareness about the benefits offered by e-bikes among a wide range of consumers from younger individuals to older people coupled with government supportive initiatives the market is expected to grow significantly in coming years. In addition, UAE has also been developing its infrastructure, especially the road and transport infrastructure, on the lines of Europe with cycling tracks, charging stations, and allied facilities.
The e-bike market in the country is growing very rapidly as several startups are coming up with new platforms for renting e-bikes for users. With the changing preference of people in the country, more and more people are opting for green mobility solutions and opting for e-bikes. Although the market in the area is still in its early phases, it is expected that the UAE, in particular, would have a significant portion of the overall sector in the next years. The Class 1 Pedal Assist sector leads the market in terms of class, with a market share of 68 percent in 2020.
Further, the expansion of tourism sector in the country further influence the market. Additionally, development of lightweight electrical energy storage systems extends profitable opportunities to the market players in the forecast period . Also, trend towards connected e-bikes will further escalate the growth of electric bike market during the forecast period.
