"Saudi Arabia's conservative culture and societal norms may influence the adoption and usage of electric bicycles. However, as the government pushes for sustainability and alternative transportation options, the acceptance and use of e-bikes are likely to increase over time. Saudi Arabia's urban centers, such as Riyadh, Jeddah, and Dammam, are experiencing rapid urbanization and increased traffic congestion. This provides an opportunity for electric bicycles to serve as a viable transportation solution for short to medium distance commutes. Saudi Arabia has diverse landscapes, including coastal areas, mountains, and desert regions. Electric bicycles can offer recreational opportunities and serve as a sustainable means of exploring these natural attractions, catering to both locals and tourists. While the electric bicycle market in Saudi Arabia is still developing, international e-bike brands are beginning to enter the market. These brands bring with them a range of electric bicycle models, catering to different preferences and needs. The availability of charging infrastructure for electric bicycles is an essential aspect of their adoption. Saudi Arabia is investing in expanding its electric vehicle charging network, which could potentially benefit electric bicycle users as well. Increasing awareness about the benefits of electric bicycles and educating the public about their usage, safety, and maintenance are crucial for the growth of the market in Saudi Arabia. Promotional campaigns and initiatives focused on e-bikes can contribute to enhancing public knowledge and acceptance. According to the report, ""Saudi Arabia Electric Bicycle Market Overview, 2027"", published by Bonafide Research, the market is projected to expand at a significant growth rate during the forecast period. Saudi Arabia's major cities, such as Riyadh and Jeddah, face significant traffic congestion. Electric bicycles can help alleviate this issue by providing an efficient and nimble mode of transportation for short trips, especially during peak hours. Electric bicycles promote an active lifestyle and contribute to personal health and well-being. They offer an opportunity for individuals to engage in physical activity while benefiting from the electric-assist feature, making cycling more accessible and enjoyable. Saudi Arabia has expressed interest in developing a local electric vehicle manufacturing industry, which includes electric bicycles. Encouraging local production can not only stimulate economic growth but also cater to the specific needs and preferences of the Saudi market. Saudi Arabia's rich cultural heritage, historical sites, and natural attractions present a significant potential for e-bike tourism. Electric bicycles provide an eco-friendly and immersive way to explore the country's diverse landscapes and experience its unique offerings. The development of a robust charging infrastructure is crucial for the widespread adoption of electric bicycles. In Saudi Arabia, efforts are underway to expand the electric vehicle charging network, which can also support the charging needs of electric bicycle users. The use of electric bicycles contributes to reducing carbon emissions and air pollution. By choosing e-bikes over conventional vehicles, individuals can actively participate in preserving the environment and promoting sustainable living. The e-Bike market is witnessing a lot of technological advancements for more optimized and reliable products. The connected e-Bike is one such advancement, wherein the SIM module enables the eBike to send and receive data to and from the cloud without a connected smartphone. The connected e-bikes provide advanced features like emergency calls, integrated navigation, social media connection, an anti-theft system, and remote diagnostics, which attract a larger customer base. Therefore, the trend for connected e-Bikes would create an opportunity for the e-Bike market to develop and grow during the forecast period. Consumer preference for e-bikes as an eco-friendly and efficient mode of transportation, rising fuel costs, and increased interest in cycling as a fitness and recreational activity across the country are expected to drive market growth. Furthermore, improvement in biking infrastructure and battery technology is expected to offer lucrative opportunities for the electric bike market's growth. According to the report, the Saudi Arabia electric bicycle (E-bike) market is segmented into two propulsion types, including pedal assist and throttle. Among these types, the pedal assist segment occupied a major portion of the market share in 2021 and is expected to continue growing during the forecast period. The higher market growth is attributed to its better battery life, lower servicing needs, and the ability for users to choose from three to five modes of pedal-assist depending on the model. However, the throttle segment is anticipated to exhibit a higher CAGR during the forecast period. Factors such as decreased pedaling effort in scenarios such as accelerating up a hill or cruising will drive the growth of this segment. Further, the market is segmented into three class types, including Class 1: Pedal Assist, Class 2: Throttle On Demand, and Class 3: Speed Pedelec. Class 1 e-bikes had the highest market revenue share in 2021 and are expected to maintain their dominance in the coming years. The rising demand for pedelecs because of their health assistance along with power assistance within the range of 25 kph that does not have any regulation on its driving is likely to propel the growth of class 1 e-bikes. Furthermore, based on the application, the city/urban segment is anticipated to dominate the market during the upcoming timeframe. COVID-19 Impacts: The COVID-19 outbreak has given a huge boost to the electric bike market. As people have become more cautious and with public transport taking a backseat even after the lifting of lockdowns, electric bikes have turned out to be the preferred choice of transport because it's fast, easy to ride, cheap and safe. The government restrictions and lockdowns during the first quarter of 2020 dampened the sale of e-Bikes as the stores were closed, and the commute was allowed for only essential services. However, after removing all impositions due to increased vaccination drives, things have started to normalize with the opening of offices and all other regular activity stores globally, which has again increased the regular travel scenario of commuters. The electric bike market is estimated to observe a huge boost in sales post-COVID-19 during the forecast period. Considered in this report • Geography: Saudi Arabia • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report •Saudi Arabia Electric Bicycle (E-Bikes) market with its value and forecast along with its segments • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Segment covered in the report • By Propulsion Type • Pedal Assist • Throttle By Class Type • Class 1: Pedal Assist • Class 2: Throttle On Demand • Class 3: Speed Pedelec By Battery Type • Lithium-Ion Batter •Lead-Acid Battery • Others By Application • City/Urban • Trekking (E-mountain Bikes/e-MTB) • Cargo • Others (Speed e-bikes, Foldable, Fat Bicycle) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing the government- generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have verified the details obtained from secondary sources. Intended audience: This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to electric bicycle products industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry."
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