Market Forecast By Product Type (Retro, Standing/Self-Balancing, Folding), By Battery Type (Sealed Lead Acid, NiMH, Li-Ion), By Voltage Type (24V, 36V, 48V, Greater than 48V) And Competitive Landscape
Product Code: ETC014819 | Publication Date: Oct 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Electric Scooters market currently, in 2023, has witnessed an HHI of 9186, Which has decreased moderately as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Saudi Arabia Electric Scooters Market report comprehensively covers the market by battery type, product type, and voltage type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Electric Scooters Market synopsis
Saudi Arabia is likely to project significant growth in the electric scooter market owing to traffic congestion in metropolitan cities coupled with growing concern towards traffic safety. The government of Saudi Arabia has already started taking the initiative to promote electric scooters as a sustainable solution. Disrupted roads in Saudi Arabia are more prone to accidents, e-scooter equipped with all the safety measures drives the growth of the market. The government's initiative to reduce the excessive use of fossil fuels and move towards a green environment leads to the development of the market.
According to 6Wresearch, the Saudi Arabia Electric Scooters Market size is projected to register growth during the forecast period 2020-2026. The recent growth in the electric scooter market owes to the rapid shift towards the emission-free vehicle in order to reduce the combustion of fossil fuels. Electric scooters are equipped with rechargeable batteries and comparatively cheaper than other vehicles, which beholds the growth of the market. The outbreak of the COVID-19 pandemic backed by nationwide lockdown, hampering all the manufacturing and production units eventually led to the slowdown in the electric scooters market. Shortage of funds and financial alternatives negatively affected the demand of the market. Although, after the lifting of restrictions Saudi Arabia's electric scooter market is anticipated to grow significantly owes to the government norms to avoid crowded places. Rising prices of fossil fuels and environmental concerns are also driving the market.
Market Analysis by Product type
The market is classified into retro, standing/self-balancing, and folding. Retro is likely to account the highest share in the market during the forthcoming period.
Market Analysis by Battery type
Battery type is bifurcated into sealed lead acid, NiMH and Li-ion. Sealed lead acid holds the highest share in the market owing to the low cost.
Market Analysis by Voltage Type
Based on the voltage the market is segmented into 24V, 36V, 48V, and more than 48V. 36V battery is dominating the market past few years.
Key Attractiveness of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Electric Scooters Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Electric Scooters Market Revenues & Volume, 2019 & 2026F |
3.3 Saudi Arabia Electric Scooters Market - Industry Life Cycle |
3.4 Saudi Arabia Electric Scooters Market - Porter's Five Forces |
3.5 Saudi Arabia Electric Scooters Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Saudi Arabia Electric Scooters Market Revenues & Volume Share, By Battery Type, 2019 & 2026F |
3.7 Saudi Arabia Electric Scooters Market Revenues & Volume Share, By Voltage Type, 2019 & 2026F |
4 Saudi Arabia Electric Scooters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Electric Scooters Market Trends |
6 Saudi Arabia Electric Scooters Market, By Types |
6.1 Saudi Arabia Electric Scooters Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Electric Scooters Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Saudi Arabia Electric Scooters Market Revenues & Volume, By Retro, 2016 - 2026F |
6.1.4 Saudi Arabia Electric Scooters Market Revenues & Volume, By Standing/Self-Balancing, 2016 - 2026F |
6.1.5 Saudi Arabia Electric Scooters Market Revenues & Volume, By Folding, 2016 - 2026F |
6.2 Saudi Arabia Electric Scooters Market, By Battery Type |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Electric Scooters Market Revenues & Volume, By Sealed Lead Acid, 2016 - 2026F |
6.2.3 Saudi Arabia Electric Scooters Market Revenues & Volume, By NiMH, 2016 - 2026F |
6.2.4 Saudi Arabia Electric Scooters Market Revenues & Volume, By Li-Ion, 2016 - 2026F |
6.3 Saudi Arabia Electric Scooters Market, By Voltage Type |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Electric Scooters Market Revenues & Volume, By 24V, 2016 - 2026F |
6.3.3 Saudi Arabia Electric Scooters Market Revenues & Volume, By 36V, 2016 - 2026F |
6.3.4 Saudi Arabia Electric Scooters Market Revenues & Volume, By 48V, 2016 - 2026F |
6.3.5 Saudi Arabia Electric Scooters Market Revenues & Volume, By Greater than 48V, 2016 - 2026F |
7 Saudi Arabia Electric Scooters Market Import-Export Trade Statistics |
7.1 Saudi Arabia Electric Scooters Market Export to Major Countries |
7.2 Saudi Arabia Electric Scooters Market Imports from Major Countries |
8 Saudi Arabia Electric Scooters Market Key Performance Indicators |
9 Saudi Arabia Electric Scooters Market - Opportunity Assessment |
9.1 Saudi Arabia Electric Scooters Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Saudi Arabia Electric Scooters Market Opportunity Assessment, By Battery Type, 2019 & 2026F |
9.3 Saudi Arabia Electric Scooters Market Opportunity Assessment, By Voltage Type, 2019 & 2026F |
10 Saudi Arabia Electric Scooters Market - Competitive Landscape |
10.1 Saudi Arabia Electric Scooters Market Revenue Share, By Companies, 2019 |
10.2 Saudi Arabia Electric Scooters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |