Saudi Arabia 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

Saudi Arabia electric two-wheeler (E2W) market is projected to observe a CAGR of 10.14% during the forecast period 2024-2031, growing from USD 14.28 million in 2023 to USD 30.92 million in 2031. The market has experienced significant growth in recent years and is expected to maintain growth in the coming years as well, owing to an increasing emphasis on sustainability, growing government efforts to reduce carbon emissions, rising traffic congestion, and surging investment by the government as well as private entities in developing an electric vehicle charging infrastructure. The demand for electric two-wheelers in Saudi Arabia is increasing due to easy access to charging facilities, rising prominence of electric vehicles in Saudi Arabia, growing awareness concerning sustainable environment, and accessibility of eco-friendly alternative transportation for daily commuting requirements. In addition, the Saudi government is planning to expand EV charging infrastructure, increase government incentives, including reduced taxes and customs duties on electric two-wheelers, thereby propelling the Saudi Arabia electric two-wheelers market growth in the forecast period. For instance, in October 2023, the Public Investment Fund announced a collaboration with Saudi Electricity Co. to launch a company for developing electric vehicle charging infrastructure in the Kingdom, called Electric Vehicle Infrastructure Company, which aims to establish its presence in over 1,000 locations, installing more than 5,000 fast chargers by 2030 across Saudi Arabia.

Companies in the Saudi Arabia electric two-wheeler market are investing in different research and development activities to advance the functioning and performance of electric two-wheelers and widen the range of available electric two-wheelers. Also, constant innovations in battery technology are improving the electric two-wheeler performance with improved energy density and longer lifecycle. Key participants in the market are launching advanced electric scooters to contribute to a sustainable environment and address the rising demand for electric two-wheelers. Not only this, the Saudi University also commenced initiatives to use electric scooters on campus, driving the demand for electric two-wheelers significantly in the forecast period.

For instance, in December 2023, Makkah’s Umm AI Qura University announced the launch of a campus scooter program introducing electric scooters for campus mobility.

Technological Advancements in E2Ws Drive Market Demand

Rising awareness concerning vehicle and road safety, an increase in the number of accidents, and a surge in per capita income drive the demand for technological advancements in E2Ws, further propelling Saudi Arabia electric two-wheeler market growth. Technological advancements, including the installation of airbags and advanced rider assistance systems, advancements in two-wheeler safety gear, development of vehicle-to-vehicle technology and anti-lock braking systems, allow riders to operate two-wheeler vehicles more safely and enhance performance along with fuel efficiency. Companies in the Saudi Arabia electric two-wheeler market are launching E2Ws powered with advanced and innovative technology to offer safer, more convenient, and smoother rides.

For instance, in December 2023, BMW AG announced the launch of the new BMW R 1300 GS in Saudi Arabia, featuring a new boxer engine and suspension to set new standards for off-road biking and new benchmarks in the touring segment.

Growing Demand for Sustainable Transportation Propels Market Growth

Rising demand for sustainable transportation, growing awareness concerning carbon emissions, and the negative impact of conventional vehicles are driving the demand for electric two-wheelers in Saudi Arabia. The introduction of E2Ws can help decrease carbon emissions and the requirement for petroleum goods, coupled with protecting the environment by reducing smog and air pollution, fostering Saudi Arabia electric two-wheeler market growth. In addition, electric two-wheelers do not require a tailpipe as the EVs are fully emission-free and far less resource-intensive than traditional vehicles, surging the adoption rate of E2Ws. Companies in the Saudi Arabia E2W market are efficiently developing new and innovative E2Ws to address the rising demand and contribute to net zero carbon emissions.

For instance, in September 2024, Wardwizard Innovations & Mobility Ltd received a letter of intent to form a joint venture in Saudi Arabia, which aims to establish an assembly plant and EV cell plant in KSA.

Government Policies and Regulations Accelerate the Market Growth in Saudi Arabia

The government of Saudi Arabia is efficiently planning to promote the production and sales of electric two-wheelers by framing different policies and regulations. In Saudi Arabia, E2Ws, including e-bikes, motorcycles, and e-scooters, have gained prevalence as part of the nation’s wider efforts to reduce carbon emissions and encourage sustainable transportation. In addition, the Saudi Government offered incentives and subsidies to motivate more individuals to discover electric two-wheelers as sustainable alternatives for commuting requirements on a daily basis. In addition, the government also compels companies to integrate lightweight components and raw materials to decrease carbon emissions. Furthermore, the Saudi government allows electric scooters at different tourist places to offer safe modes of transportation and contribute to zero carbon emission goals.

For instance, in June 2024, Saudi Arabia allowed Haj pilgrims to utilize electric scooters to enhance their experience by offering a safe, light, and efficient mode of transportation, which further significantly improved the overall Haj experience.

Lithium-ion Batteries Dominate the Saudi Arabia Electric Two-Wheeler Market

Lithium-ion batteries register the largest market share owing to increasing demand for E2Ws, rising awareness concerning eco-friendly transportation, and technological advancements in lithium-ion batteries. The demand for lithium-ion batteries in Saudi Arabia is rising as these batteries reduce the overall costs of electric vehicles and make E2Ws safer. Companies in the market are significantly investing in establishing manufacturing facilities to produce advanced and efficient electric two-wheelers and address the demand for batteries from automakers.

For instance, in February 2022, EV Metals Group plc signed a deal to develop a lithium-ion battery materials production plant in Saudi Arabia and to mass manufacture lithium batteries in Saudi Arabia.

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Scooters are Projected to Achieve the Largest Share in the Market

Scooters are expected to dominate the largest market owing to growing environmental awareness among end-users, rapid urbanization, rising demand for sustainable and efficient modes of transportation, and expansion in EV charging infrastructure. The E2W market in Saudi Arabia is rising significantly owing to broader government efforts to reduce carbon emissions and rising traffic congestion, coupled with technological advancements in E2Ws. Key participants in the market are unveiling advanced scooters to expand their market presence and offer scooters to users to offer a convenient and environmentally friendly means of transportation.

For instance, in June 2024, Tier Mobility GmbH announced the launch of e-scooter and e-bike services in the KSA in partnership with Sela Sport Company to strengthen its market position and supply micro-mobility solutions across all major cities.

Future Market Scenario (2024-2031F)

1. Technological advancements in the electric two-wheeler market are projected to drive Saudi Arabia’s market growth in the forecast period.

2. Growing awareness concerning eco-friendly transportation and an increase in end users' disposable income are projected to raise Saudi Arabia electric two-wheeler market demand.

3. An increase in investment by government and private entities in battery manufacturing facilities is expected to propel the electric two-wheeler market growth in Saudi Arabia.

4. The government is offering differing subsidies and incentives for purchasing and selling E2Ws, which is anticipated to drive the E2W demand in Saudi Arabia.

Report Scope

“Saudi Arabia Electric Two-Wheeler Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Saudi Arabia 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.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 10.14% between 2024 and 2031
Revenue Forecast in 2031	USD 30.92 million
Segments Covered	Vehicle Type, Battery Type, Distribution Channel, Battery Voltage, Application
Regions Covered	Riyadh, Makkah, Eastern Region, Madinah and Rest of Saudi Arabia
Key Companies Profile	Zero Motorcycles Inc., Barq EV, One Moto Technologies LTD, BMW AG, Ceer National Automotive Company, Wardwizard Innovations & Mobility Ltd, Jiangsu Jinpeng Group Co., Ltd
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, Saudi Arabia electric two-wheeler market has been segmented into the following categories: 

• 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
  • Riyadh
  • Makkah
  • Eastern Region
  • Madinah
  • Rest of Saudi Arabia

Key Players Landscape and Outlook

Companies in Saudi Arabia electric two-wheelers market are significantly investing in different research and development activities to enhance the performance and compatibility of E2W. Companies in the market are adopting efficient manufacturing processes to contribute to net-zero carbon emissions and offer a safe and secure overall driving experience. In addition, key participants in the market are adopting different growth strategies, including partnerships, new product launches, collaborations, joint ventures, and others, to expand their market footprints and product portfolio.

In April 2023, Barq EV, a specialized in the field of smart mobility and logistics solutions, announced to start operations in the UAE to enhance the last-mile delivery experience.

Key Players Operating in Saudi Arabia Electric Two-Wheeler Market are:

• Zero Motorcycles Inc.
• Barq EV
• One Moto Technologies LTD
• BMW AG
• Ceer National Automotive Company
• Wardwizard Innovations & Mobility Ltd
• Jiangsu Jinpeng Group Co., Ltd

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