UAE 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

UAE Electric Two-Wheeler Market is projected to witness a CAGR of 9.11% during the forecast period 2024-2031, growing from USD 29.97 million in 2023 to USD 60.19 million in 2031.

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

UAE electric two-wheeler (E2W) market&nbsp;is projected to witness a&nbsp;CAGR of 9.11%&nbsp;during the forecast period 2024-2031, growing from&nbsp;USD 29.97 million&nbsp;in 2023 to&nbsp;USD 60.19 million&nbsp;in 2031. The market has experienced significant growth in recent years and is projected to maintain a strong pace of expansion in the forecast period owing to rising awareness concerning electric vehicles, changing preferences of consumers in the country, increasing supportive initiatives, and expanding the tourism sector. The demand for the UAE electric two-wheeler market is expected to rise owing to the easy accessibility of electric motorcycles, rising prices of gasoline products, and increasing efficiency of vehicles compared to traditional vehicles. Also, an increase in environmental concerns, implementation of severe environmental regulations by the government, and growing demand for competent automobiles that emit no carbon dioxide are projected for the UAE electric two-wheeler market in the forecast period. In addition, the government plans to offer different incentives and subsidies for purchasing and selling electric vehicles. Also, legal authorities in the UAE are investing in establishing new manufacturing facilities to produce electric vehicle batteries and electric cars. For instance, in February 2024, Abu Dhabi announced an investment of USD 1.4 billion in a lithium processing plant by KEZAD Group and China Dongsheng International Inc. to support the region&rsquo;s fledgling electric vehicle industry.
The UAE market growth for electric two-wheelers is also propelled by the expansion of the tourism sector, the advancement of lightweight electrical energy storage systems, and a rapid trend of connected e-bikes. Companies in the UAE E2W vehicles market are efficiently investing in advancing the performance of electric vehicles and battery technologies. In addition, key participants in the market are launching new and advanced E2W vehicles to address the rising demand for electric vehicles and contribute to a sustainable environment.
For instance, in June 2024, Deliveroo DMCC (UAE) announced a collaboration with ECO WAY HOLDING LTD and EEE Moto LLC to launch a bike pilot. This collaboration aims to test electric bike battery-swapping technology solutions and bike performance in real-world delivery scenarios.
<h2 style="text-align: justify;">Rapid Expansion of Tourism and Traffic Congestion Drives Market Demand</h2>
In the UAE, tourism and traffic congestion are increasing demand for E2Ws, specifically among young individuals and tourists looking for flexible and exciting ways to discover fascinating places across the country. The UAE population is also rising, resulting in increased traffic congestion in metropolitan locations, propelling the UAE market growth for electric two-wheelers. UAE has different desert sights where off-road biking is allowed, and different adventure activities are popular, further boosting the number of electric off-road and recreational motorcycles in the UAE. Companies in the market are efficiently planning to launch new vehicles to address the rising demand for electric two-wheelers for doing adventurous activities and gaining convenience that is unmatched by other modes of transportation across heavy traffic streets of UAE.
For instance, in July 2023, Sharjah Research, Technology, and Innovation Park (SRTIP) announced the launch of Sulmi EB-ONE, the first market-ready product, and a cutting-edge electric motorcycle to emerge from SRTIP&rsquo;s SoiLAB facility.
<h2 style="text-align: justify;">Increase in Production of Electric Two-Wheelers Drives the UAE Electric Two-Wheeler Market Growth</h2>
An increase in awareness concerning the sustainable environment, rise in per capita income, growing demand for E2W, and surging popularity of electric motorcycles are projected to foster the production of electric two-wheelers, which further drives the UAE market growth for E2W. The UAE government is planning to frame different policies and regulations to create a greener future, fostering the UAE electric two-wheeler market growth. Also, the demand for E2W is rising as these vehicles are offering a clean and eco-friendly mode of transportation coupled with cost-effectiveness. Companies in the market are actively introducing a wide variety of electric vehicles to expand their product portfolio and cater to diverse requirements.
For instance, in June 2023, Terra tech ltd announced the launch of the first batch of electric motorbikes to its warehouse premises in the AI Quoz to expand the product portfolio and footprint.
<h2 style="text-align: justify;">Government Regulations and Policies Drive the UAE Electric Two-Wheeler Market Growth</h2>
The growing awareness regarding the benefits proposed by e-motorcycles among a diverse range of customers, from the younger population to the older individuals, along with government-supportive initiatives in the UAE electric two-wheeler market growth in the forecast period. The government of UAE introduced different initiatives, including tax incentives, subsidies, and EV-charging infrastructure development plans, to promote the adoption of electric vehicles such as E2W, which will increase demand for electric two-wheelers in the forecast period. The UAE government also announced investments in the expansion of EV charging infrastructure, encouraging customers to switch to sustainable friendly transportation options, driving the UAE electric two-wheeler market growth in the forecast period. In addition, the UAE government plans to announce objectives to accomplish zero carbon emissions and promote the adoption of electric vehicles, including E2W. &nbsp;
For instance, in May 2023, the Ministry of Energy and Infrastructure announced an objective to support the move towards green mobility and focus on surging the share of EVs to 50% of total vehicles on the UAE&rsquo;s roads by 2050.
<h2 style="text-align: justify;">Lithium-ion Battery Dominates the UAE Electric Two-Wheeler Market</h2>
Lithium-ion batteries register the largest market share in the UAE E2W market as this battery technology reduces production to make electric vehicles and raises awareness concerning sustainable environment. The advancement in lithium-ion batteries, including battery energy density and fast charging features, fostered the UAE lithium-ion battery market growth. Lithium-ion battery producers are significantly advancing battery performance, charging speed, and overall safety features that help improve EV performance. In addition, companies are also announcing collaboration and investment to offer advanced and innovative lithium-ion batteries and faster charging technology coupled to meet the growing demand for batteries.
For instance, in December 2023, LOHUM Cleantech Private Limited announced the expansion to UAE with the first EV battery recycling plant dedicated to refurbishing and recycling lithium batteries.
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<h2 style="text-align: justify;">Motorcycles are Expected to Achieve the Largest Market Share</h2>
Motorcycles, under the vehicle type segment, are estimated to account for the highest value of market share in the UAE market as it is one of the most convenient modes of transportation, becoming more accessible and affordable, coupled with offering instant torque and smooth rides. The UAE government also offers incentives and subsidies to promote the adoption of electric motorcycles and compel automakers to produce electric motorcycles with advanced features. Companies are continuously advancing technologies to make motorcycles more affordable, offer longer ranges, and enhance performance. Key participants in the market are working on making electric motorcycles more practical for everyday use and integrating Bluetooth connectivity to allow riders to pair their smartphones with their bikes. Furthermore, companies are launching new electric motorcycles with the integration of lightweight components to address the rising demand for motorcycles and reduce dependence on fossil fuels coupled with contributing to cleaner air.
For instance, in December 2023, Careem Deliveries FZ LLC&nbsp;announced the introduction of electric delivery bikes on the roads of the Emirates to support the net-zero objectives.
Future Market Scenario (2024-2031F)
1.&nbsp;The integration of advanced technologies and the rising investment in different research and development programs to enhance the performance of E2W are projected to drive the demand for the electric two-wheeler market in the UAE.
2.&nbsp;Increasing demand for E2W and government subsidies and incentives on the purchase and sale of E2W are expected to foster the UAE electric two-wheeler market growth.
3.&nbsp;Economic development, an increase in tourism, and a rise in per capita income are surging the demand for E2W in the UAE.
4.&nbsp;Government objectives, including reducing dependence on fossil fuels, net zero carbon emissions, and others, are accelerating the demand for electric vehicles, including two-wheelers in the UAE.
Report Scope
&ldquo;UAE 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 UAE 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 9.11% between 2024 and 2031
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Revenue Forecast in 2031
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USD 60.19 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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Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al-Quwain, Fujairah, Ras Al Khaimah
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Key Companies Profile
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EMX Motors L.L.C, Terra tech ltd, Xoom Volt Motors LLC, Blitz Electric Motors Ltd, One Moto Technologies LTD, ECO WAY HOLDING LTD, Neo Mobility SRL, Sulmi Electric Motorbike, and Energica Motor Company S.p.A.
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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;UAE 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>Abu Dhabi</li>
<li>Dubai</li>
<li>Sharjah</li>
<li>Ajman</li>
<li>Umm Al-Quwain</li>
<li>Fujairah</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Companies in the UAE market for electric two-wheelers are considerably increasing their investment in different programs to develop the performance of electric vehicles, including two-wheelers. Companies also fund several research and development activities to reduce the cost of electric two-wheelers. In addition, companies in the UAE market are efficiently adopting different strategies, including partnerships, collaborations, new product launches, mergers and acquisitions, amalgamation, and others, to expand their product portfolio and market presence.
In November 2023, NEO MOBILITY announced the launch of 100 electric motorbikes in December and raised USD 30 million to fund growth plans, including a vehicle manufacturing base in the UAE and expanding the Abu Dhabi in 2024.
Key Players Operating in the UAE Electric Two-Wheeler Market are:
<ul style="text-align: justify;">
<li>EMX Motors L.L.C</li>
<li>Terra tech ltd</li>
<li>Xoom Volt Motors LLC</li>
<li>Blitz Electric Motors Ltd</li>
<li>One Moto Technologies LTD</li>
<li>ECO WAY HOLDING LTD</li>
<li>Neo Mobility SRL</li>
<li>Sulmi Electric Motorbike</li>
<li>Energica Motor Company S.p.A.</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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UAE Electric Two-Wheeler Market Assessment, Opportunities and Forecast, 2017-2031F

UAE electric two-wheeler market is expected to experience growth due to increasing demand for sustainable transportation, easy accessibility of electric two-wheelers, rising incentives and subsidies by the government, and an increase in per capita income. 

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