Middle East & Africa Electric Scooters Market Size & Outlook
Middle East & Africa electric scooters market, 2018-2030 (US$M)
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MEA electric scooters market highlights
- The MEA electric scooters market generated a revenue of USD 771.7 million in 2022.
- The market is expected to grow at a CAGR of 2.9% from 2023 to 2030.
- In terms of segment, hub motors was the largest revenue generating drive type in 2022.
- Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 771.7 million |
| Market revenue in 2030 | USD 972.7 million |
| Growth rate | 2.9% (CAGR from 2022 to 2030) |
| Largest segment | Hub motors |
| Fastest growing segment | Belt Drive |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain, Hub Motors |
| Key market players worldwide | Bayerische Motoren Werke AG ADR, Alpha Architect 1-3 Month Box ETF, Gogoro Inc, GreenPower Motor Company Inc, Honda Motor Co Ltd ADR, PIERER Mobility AG, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global electric scooters market in 2022.
- Globally, Asia Pacific 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 61,381.1 million by 2030.
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Electric Scooters Market Scope
Electric Scooters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa electric scooters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric scooters market will help companies and investors design strategic landscapes.
Hub motors was the largest segment with a revenue share of 80.38% in 2022. Horizon Databook has segmented the Middle East & Africa electric scooters market based on belt drive, chain, hub motors covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA region is expected to witness growth in the electric scooters market with electric technology advances facilitating price reductions. Government pressures to reduce the high pollution levels and promote green transportation are adding to the revenue growth. Manufacturers of electric scooters are entering the regional market for expanding their presence in MEA.
For instance, Terra Motors partnered with an Iranian distributor to expand its products in the MEA region. The region is expected to witness high adoption of electric scooters through scooter sharing services in the region.
For instance electric scooter sharing service company in collaboration with Loop SAL, its zonal operator in Lebanon launched commercial electric scooter sharing service in Beirut. In August 2018, Bird partnered with Tel Aviv University in Israel, to expand its presence of electric scooter sharing service in the Middle Eastern and African region.
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Our clientele includes a mix of electric scooters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa electric scooters market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa electric scooters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa electric scooters market
Middle East & Africa Electric Scooters Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa electric scooters market
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