Middle East & Africa Electric Cargo Bikes Market Size & Outlook
The electric cargo bikes market in Middle East & Africa is expected to reach a projected revenue of US$ 367,857.8 million by 2030. A compound annual growth rate of 21.6% is expected of Middle East & Africa electric cargo bikes market from 2024 to 2030.
Revenue, 2023 (US$M)
$93,546.0
Forecast, 2030 (US$M)
$367,857.8
CAGR, 2024 - 2030
21.6%
Report Coverage
Middle East & Africa
Middle East & Africa electric cargo bikes market, 2018-2030 (US$M)
MEA electric cargo bikes market highlights
- The MEA electric cargo bikes market generated a revenue of USD 93,546.0 million in 2023.
- The market is expected to grow at a CAGR of 21.6% from 2024 to 2030.
- In terms of segment, two-wheeled was the largest revenue generating product in 2023.
- Two-Wheeled is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 93,546.0 million |
| Market revenue in 2030 | USD 367,857.8 million |
| Growth rate | 21.6% (CAGR from 2023 to 2030) |
| Largest segment | Two-wheeled |
| Fastest growing segment | Two-Wheeled |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Two-Wheeled |
| Key market players worldwide | FlyKly, Cervelo Cycles, Rad Power Bikes, Yuba Bicycles, Riese & Müller, Butchers & Bicycles, CERO Electric Cargo Bikes, Douze Cycles, Urban Arrow, Baxter International Inc, JAF Transportes |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.8% of the global electric cargo bikes market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 978,564.5 million by 2030.
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Electric Cargo Bikes Market Scope
Electric cargo bikes market segmentation & scope
Application
Personal
Commercial
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
Saudi Arabia
UAE
South Africa
Electric Cargo Bikes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa electric cargo bikes market
Related regional statistics
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