Egypt Electric Two-Wheeler Market Assessment, By Vehicle Type [Motorcycle, Scooter/Mopeds], By Battery Type [Lead Acid, Lithium-ion, NiMH], By Distribution Channel [Online, Offline], By Battery Voltage [Up-to 24V, 25V-60V, 60V and Above], By Application [Commercial, Personal], By Region, Opportunities and Forecast, 2017-2031F

Egypt Electric Two-Wheeler Market is estimated to witness a CAGR of 12.67% during the forecast period 2024-2031, rising from USD 237 million in 2023 to USD 615.48 million in 2031.

Egypt Electric Two-Wheeler Market Size, Growth, Report 2031

Egypt electric two-wheeler market&nbsp;is estimated to witness a&nbsp;CAGR of 12.67%&nbsp;during the forecast period 2024-2031, rising from&nbsp;USD 237 million&nbsp;in 2023 to&nbsp;USD 615.48 million&nbsp;in 2031. The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to advancements in the performance of electric vehicles, rising preferences of consumers towards electric vehicles, increasing production of electric two-wheelers, and supportive government policies. Technological advancements in electric vehicles include the integration of digital infotainment systems, battery management systems, and others to reduce maintenance costs, enhance vehicle performance, and allow drivers to take long journeys without compromise, further driving Egypt electric two-wheeler market demand. Additionally, the government in Egypt plans to offer different tax benefits and offers on the sales and purchase of electric vehicles to consumers and producers, propelling the growth of electric two-wheelers in Egypt. In 2022, the Egyptian government announced offering additional subsidies of up to USD 2,500 on purchasing locally produced EVs. While this financial incentive is essential, it could also be applied to imported EVs to propel overall market requirements.
Companies in the market are significantly investing in enhancing the performance of electric two-wheelers to offer an overall better driving experience, and to contribute to net zero carbon emissions coupled with building the required infrastructure and charging stations. Also, companies are launching and offering advanced electric two-wheelers to address the rising demand, reduce emissions, and enhance the quality of life of all Egyptians.
<h2 style="text-align: justify;">Establishment of EV Charging Infrastructure Drives Market Demand</h2>
The surge in the new establishment and expansion of EV charging infrastructure and EV charging stations plays an important role in increasing the adoption of electric vehicles as they offer reliable and convenient charging. The Egyptian government is investing significantly in expanding EV charging stations and networks to overcome range anxiety and promote the adoption rate of electric vehicles including two-wheelers. In addition, the government is also framing different regulations concerning a sustainable environment, and extensive EV charging infrastructure is essential for a greener transport system. Companies in the Egypt market for two-wheelers are planning expansions of their charging station network to meet the requirements of EV drivers, introducing new opportunities for revenue generation and market dominance. For instance, Revolta Egypt is constantly building a network of charging stations in Egypt in over 18 cities. &nbsp;The expansion of public and private charging points supports market growth as it motivates more drivers to switch to EVs and supports the transition to a more sustainable transportation system.
<h2 style="text-align: justify;">Rapid Technological Advancements in Electric Two-Wheeler Pushes Market Growth</h2>
Technological advancements include the integration of Bluetooth pairing, GPS tracking, and smartphone apps, offering a smooth and safe riding experience and further propelling the market growth in Egypt. Also, the installation of features such as regenerative braking enhances the scooter&rsquo;s range and fosters energy efficiency. Companies in the market are advancing battery technology and motor efficiency that can enable riders to commute longer distances without worrying about running out of charge, surging the adoption rate of electric two-wheelers. In addition, the Egyptian government is implementing policies concerning road and vehicle safety that compelled companies to launch E2W with futuristic features, including customizable lighting, built-in display screens, and voice-assisted navigation. Furthermore, companies are launching innovative and Next-Gen E2W to ensure better control and stability coupled with decreased downtime and foster the efficiency of electric scooter usage.
<h2 style="text-align: justify;">Government Rules and Regulations Drive E2W Market Growth in Egypt</h2>
The Egyptian government framed policies and regulations for promoting sustainable modes of transport, reducing greenhouse gas emissions, improving air quality, and reducing health risks, fostering the electric two-wheeler market growth in Egypt. The government promotes the production and adoption of electric vehicles including two-wheelers, as E2W helps reduce noise pollution, contributes to a more sustainable transport system in Egypt, reduces emissions, and combats climate change. The government is also making policies concerning replacing traditional gasoline vehicles and promoting the adoption of electric motorcycles. The government offers different tax benefits and incentives for the purchase and sale of E2W, driving the Egypt E2W vehicles market growth in the forecast period.
For instance, in October 2023, the Minister of Finance announced that the government would cover 35% of the production costs for each electric vehicle to assist domestic producers. These supportive measures indicate a promising outlook for Egypt&rsquo;s EV market in the coming years.
<h2 style="text-align: justify;">Motorcycle Dominates with the Largest Egypt Electric Two-Wheeler Market Share</h2>
The motorcycle segment holds the largest market share in the Egypt E2W market as electric motorcycles offer convenience and reliability coupled with sustainable transportation. The introduction of advanced electric motorcycles and technological advancements, coupled with the rapid adoption of electric motorcycles, are also propelling the market growth in the forecast period. With the adoption of sustainable and eco-friendly practices, the electric two-wheeler industry in Egypt has seen strong growth in recent years as e-motorcycles are ensuring a low-carbon, reducing greenhouse gas emissions, and offering a sustainable future. Companies in the market are integrating fast-charging technology and other advanced features to reduce wear and tear, resulting in lower maintenance costs. Additionally, companies are planning to collaborate to expand their presence and product portfolio.
For instance, the Arab Organization for Industrialization (AOI) unveiled Kader, Egypt&rsquo;s latest locally-made electric motorcycle. Priced at USD 1,806, it offers a range of 60 kilometers per charge, a top speed of 70 kilometers per hour, and a recharge time of 3 to 6 hours, depending on the power supply. These features, combined with its local production, make Kader a compelling option in the electric motorcycle market.
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<h2 style="text-align: justify;">Lithium-ion Battery to Dominate with the Largest Market Share</h2>
Lithium-ion batteries are anticipated to dominate the largest market share as they extend the driving ranges in electric vehicles, are cost-effective, and are more affordable. Manufacturers of lithium-ion batteries are investing in establishing large-scale manufacturing facilities to increase production while maintaining quality control and effectiveness. Companies for lithium-ion batteries are adopting environmentally sustainable practices for battery recycling, manufacturing, and disposal to minimize the environmental footprint and mitigate the risk of habitat destruction, carbon emissions, and water pollution, along with rising environmental concerns among end users.&nbsp;
For instance, in May 2023, Chloride Egypt S.A.E.&nbsp;announced the inauguration of the first smart lithium battery factory in Egypt to address an increase in demand for batteries, and the country boasted of environmentally friendly transport growth.
Future Market Scenario (2024-2031F)
1.&nbsp;Advancements in vehicle technology and the integration of lightweight components and raw materials are projected to drive Egypt electric two-wheeler market growth.
2.&nbsp;The increase in per capita income and the introduction of advanced electric two-wheelers are propelling the Egypt electric two-wheelers market demand in the forecast period.
3.&nbsp;Subsidies and incentives by the government, coupled with investment by private entities in manufacturing facilities, are driving the demand for E2Ws in Egypt.
4.&nbsp;Growing awareness concerning the sustainable environment and integration of fast-charging technology are expected to propel the E2W demand in Egypt.
Report Scope
&ldquo;Egypt Electric Two-Wheeler Market Assessment, Opportunities and Forecast, 2017-2031F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Egypt electric two-wheeler market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Report Attribute
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Details
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Base Year of the Analysis
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2023
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Historical Period
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2017-2022
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Forecast Period
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2024-2031
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Projected Growth Rate
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CAGR of 12.67% between 2024 and 2031
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Revenue Forecast in 2031
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USD 615.48 million
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Segments Covered
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Vehicle Type, Battery Type, Distribution Channel, Battery Voltage, Application
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Regions Covered
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Nile Valley and Delta, Eastern Desert, Western Desert, and Sinai Peninsula
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Key Companies Profile
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Kader (Arab Organization for Industrialization), Energica Motor Company, Sanyang Motor Co., Ltd., Yadea Group Holdings Limited, Glide Smartmobility (Tredco Mobility), and One Electric Scooter
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report,&nbsp;Egypt electric two-wheeler market&nbsp;has been segmented into the following categories:&nbsp;
<ul style="text-align: justify;">
<li>By Vehicle Type
<ul>
<li>Motorcycle</li>
<li>Scooter/Mopeds</li>
</ul>
</li>
<li>By Battery Type
<ul>
<li>Lead Acid</li>
<li>Lithium-ion</li>
<li>NiMH</li>
</ul>
</li>
<li>By Distribution Channel
<ul>
<li>Online</li>
<li>Offline</li>
</ul>
</li>
<li>By Battery Voltage
<ul>
<li>Up-to 24V</li>
<li>25V-60V</li>
<li>60V and Above</li>
</ul>
</li>
<li>By Application</li>
<li>Commercial</li>
<li>Personal</li>
<li>By Region
<ul>
<li>Nile Valley and Delta</li>
<li>Eastern Desert</li>
<li>Western Desert</li>
<li>Sinai Peninsula</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Companies in the Egypt electric two-wheelers market are planning to invest significantly in different research and development activities to ensure the high performance of vehicles and offer a better overall driving experience. Companies are investing in establishing manufacturing facilities to produce durable EV batteries and expanding EV charging infrastructure. Moreover, key participants in the market are accepting different growth strategies, including joint ventures, new product development, amalgamation, mergers and acquisitions, and others, to expand their market presence and product portfolio.
Revolta Egypt is planning to expand its electric vehicle charging network and is planning to set up charging points at different public locations, including restaurants, shopping malls, gas stations, cinemas, and others.
Key Players Operating in Egypt Electric Two-Wheeler Market are:
<ul style="text-align: justify;">
<li>Kader (Arab Organization for Industrialization)</li>
<li>Energica Motor Company</li>
<li>Sanyang Motor Co.,&nbsp;Ltd.</li>
<li>Yadea Group Holdings Limited</li>
<li>Glide Smartmobility (Tredco Mobility)</li>
<li>One Electric Scooter</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul style="text-align: justify;">
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
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Egypt Electric Two-Wheeler Market Assessment, Opportunities and Forecast, 2017-2031F

Egypt electric two-wheeler market is expected to experience growth due to increasing demand for electric two-wheelers, rising awareness concerning the sustainable environment, surge in disposable income, and technological advancements in electric two-wheelers. 

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