Middle East & Africa Electric Scooter Market Analysis, Growth Forecast to 2033 & Competitive Landscape | UnivDatos

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The Middle East & Africa Electric Scooter Market is expected to reach a market size of USD 1,000 million by 2024, with a CAGR of 2.50% from 2025 to 2033. Lowered running and operating costs of Electric Vehicles, and Government smart-city pilots are some of the key factors that have supported the market growth. Furthermore, the region is also witnessing a rapid shift towards easier, convenient, and light modes of transportation, which are significantly lower in running cost as opposed to its counterparts.

Honda Motor Co Ltd:       

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, Power Product, and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models, and various off-road vehicles, such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers passenger cars, light trucks, and mini vehicles. The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers. Power Product and Other Businesses manufacture and sell power products, such as general-purpose engines, lawn mowers, generators, water pumps, brush cutters, and tillers. This segment also offers the HondaJet aircraft. The company also sells spare parts and provides after-sales services through retail dealers directly, as well as through independent distributors and licenses. Honda Motors offers a wide range of conventional fuel scooters; however, its advent in the electric scooter category is new. The company offers Acitva E on its known scooter platform and is in line with its plans to expand this product in emerging markets of Africa and other Middle Eastern markets.

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Hero MotoCorp:

Hero MotoCorp Limited primarily engages in the manufacture and sale of motorized two-wheelers in India, Asia, Central and Latin America, Africa, and the Middle East. The company offers motorcycles and scooters, as well as electric scooters. It provides engines, parts, and accessories, as well as non-banking financial and other related services. The company is also involved in the merchandising business. The company was formerly known as Hero Honda Motors Ltd. and changed its name to Hero MotoCorp Limited in July 2011. Hero MotoCorp Limited was incorporated in 1984 and is based in New Delhi, India. Hero Dash and Vida are the prominent categories under which the brand is offering electric scooters. As Hero Motocorp's primary markets are in Africa, where demand for electric scooters is growing, the company is seeking to enter the Middle Eastern market as well.

PIERER Mobility AG:

PIERER Mobility AG, together with its subsidiaries, operates as a motorcycle manufacturer in Europe, North America, Mexico, and internationally. It operates through Motorcycles, Bicycles, and other segments. The company engages in the development, production, and sale of motorcycles under the KTM, Husqvarna Motorcycles, MV Agusta, WP SUSPENSION, and GASGAS brands, as well as motorcycle suspension and components under the WP brand. It also develops, manufactures, and trades e-bicycles and bicycles under the Husqvarna E-Bicycles, FELT, and GASGAS Bicycles brands; and sports cars under the KTM X-BOW brand. In addition, the company provides two-wheelers under the KTM AG brand and e-bikes. Further, it offers design and development services and digital solutions in web-based and mobile business applications. The company was formerly known as KTM Industries AG and changed its name to PIERER Mobility AG in October 2019. PIERER Mobility AG was founded in 1953 and is based in Wels, Austria. PIERER Mobility AG operates as a subsidiary of Pierer Bajaj AG. The company has plans to introduce its new Husqvarna Vektorr electric scooter in order to enhance its portfolio from conventional to renewable energy as well.

Gogoro Inc:

Gogoro Inc., together with its subsidiaries, engages in the research, development, manufacture, sale, and distribution of electric scooters and bikes, and electric scooter enabling components in Taiwan, India, and internationally. The company offers consulting services, battery swapping services, including the Swap & Go battery swapping platform that delivers full power to electric-powered four-wheelers, scooter sharing, and after-sales services. It also provides battery swapping technology in the form of hardware, software, and services, which consists of Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits. Gogoro Inc. was founded in 2011 and is based in Taipei, Taiwan. Gogoro offers its electric scooters under the names of Pulse, Supersport, Delight, CrossOver, 2 Series, Jego, VIVA XL, etc. The Taiwan-based company is rapidly expanding its presence in emerging markets in Africa and positioning itself as a cleaner mobility solution in the Middle East.

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Bayerische Motoren Werke AG ADR:

Bayerische Motoren Werke Aktiengesellschaft develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The company offers automobiles under the BMW, MINI, and Rolls-Royce brands. It also develops, manufactures, and sells motorcycles for private use and special-purpose vehicles for operational use under the BMW Motorrad brand. In addition, the company provides car rentals, credit financing, leasing that includes insurance and service products, financing for dealership and customer deposits, vehicle fleet financing services for corporate car fleets under the Alphabet brand, and financial services for the automotive sector. It sells its products through independent dealerships. Bayerische Motoren Werke Aktiengesellschaft was founded in 1916 and is headquartered in Munich, Germany. BMW has taken steps towards offering premium electric scooters through its model CE04. As the number of models is limited, with the immense potential and upsurge in the demand for electric vehicles, BMW AG is anticipated to enhance its portfolio of products in the electric scooters category in the coming years.

Related Report:-

Electric Mobility Market: Current Analysis and Forecast (2022-2030)

Automotive Electric Control Unit Market: Current Analysis and Forecast (2023-2030)

EV Battery Swapping Market: Current Analysis and Forecast (2024-2032)

Electrical Wheel Loader Market: Current Analysis and Forecast (2023-2030)

Electric Motor Market: Current Analysis and Forecast (2021-2027)

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