SAUDI ARABIA MICROMOBILITY MARKET REPORT

KEY FINDINGS

• The Saudi Arabia micromobility market is expected to grow at a CAGR of 15% from 2024 to 2030, driven by the government's Vision 2030 plan and an increasing focus on sustainable urban transportation.
• E-scooters and e-bikes account for over 60% of the micromobility segment, with electric scooters experiencing the fastest growth.

• Micromobility is gaining momentum in major cities like Riyadh and Jeddah, where traffic congestion and air pollution concerns are propelling adoption.

• Investments in smart city initiatives are creating opportunities for seamless integration of micromobility services into public transportation networks.

• The regulatory environment in Saudi Arabia is rapidly evolving to support the expansion of micromobility services, particularly through urban planning and transportation policies.

• Infrastructure development, such as dedicated bike lanes and scooter parking zones, is critical to supporting future market growth, with $1 billion earmarked for such projects by 2030.

• Technological innovations, such as AI-based fleet management and improved battery technology, are enhancing the efficiency and user experience of micromobility services.

• Affordability remains a challenge, with micromobility services currently more expensive than public transport alternatives in some areas.

• The sharing economy, particularly ride-sharing and scooter-sharing platforms, is driving consumer behavior towards temporary use rather than ownership.

• Future trends indicate the potential for autonomous micromobility solutions, which could be introduced within the next decade.

SAUDI ARABIA MICROMOBILITY MARKET OVERVIEW

The Saudi Arabia micromobility market is poised for significant growth due to rising urbanization, technological innovations, and increasing government support for sustainable transportation solutions. The government's Vision 2030 initiative is a key driver, aimed at reducing the country's dependence on oil and promoting environmentally friendly alternatives in major cities. Micromobility services like electric scooters, bicycles, and e-bikes are becoming increasingly popular as the need for eco-friendly transportation options grows, especially in traffic-congested urban areas like Riyadh and Jeddah.

Technological advancements are transforming the industry, with innovations such as AI-powered fleet management systems, enhanced battery life, and GPS tracking enabling companies to offer more efficient and safer services. However, the market also faces challenges such as limited infrastructure and relatively high costs of micromobility services compared to public transport. To overcome these hurdles, the government has committed to investing in infrastructure projects, including the construction of dedicated bike lanes and parking facilities, which will help support long-term growth.

INTRODUCTION TO SAUDI ARABIA MICROMOBILITY MARKET REPORT

The Saudi Arabia Micromobility Market is an emerging sector within the broader transportation industry, focusing on small, eco-friendly vehicles like electric scooters and bicycles. These vehicles cater to short-distance travel needs in urban areas and are increasingly used as a solution to combat traffic congestion and reduce carbon emissions. The market is driven by both private sector innovations and government initiatives, particularly under the Saudi Vision 2030 plan.

Different types of micromobility solutions include e-scooters, electric bicycles, and pedal-powered bicycles. These solutions can be either privately owned or shared via platforms like bike-sharing and scooter-sharing programs. Electric scooters and bicycles make up the majority of the market share, while pedal-powered options cater to more budget-conscious users.

The applications of micromobility services extend to daily commutes, recreational use, and as a last-mile transportation solution connecting to public transit hubs. Major urban centers like Riyadh and Jeddah are seeing the highest adoption rates, where these services are often integrated with public transport systems.

Micromobility presents several benefits, including reduced traffic congestion, lower pollution levels, and affordability for users. However, the market also faces challenges such as the lack of dedicated infrastructure, relatively high initial costs, and regulatory hurdles. As the market matures, addressing these challenges will be critical to its long-term success.

MARKET SIZE AND FORECAST

As of 2023, the Saudi Arabia micromobility market is valued at approximately $150 million, with projections indicating it will reach $350 million by 2030, growing at a compound annual growth rate (CAGR) of 15%. Key drivers of this growth include increased urbanization, government-backed infrastructure investments, and a growing consumer preference for eco-friendly transportation options. With $1 billion allocated for developing bike lanes and scooter parking by 2030, the future of the market looks promising, particularly as cities like Riyadh and Jeddah undergo rapid modernization.

TRENDS IN SAUDI ARABIA MICROMOBILITY MARKET REPORT

Technological advancements are revolutionizing the micromobility market, particularly through AI-powered fleet management systems that allow operators to optimize routes and reduce operational costs. Additionally, improvements in battery technology are extending the range of electric scooters and bikes, making them more practical for longer commutes. Consumer behavior is also shifting towards shared micromobility platforms, with a growing preference for ride-sharing and rental models. On the regulatory front, the government is implementing policies to support sustainable urban development, which includes integrating micromobility services into the public transportation network.

NEW PRODUCT DEVELOPMENT

• Neuron N3 e-Scooter: The Neuron N3 is an electric scooter with extended battery life and enhanced GPS tracking. Analysts believe this product will lead to more widespread adoption in urban centers due to its reliability and safety features.
• Lime Gen4 Electric Bike: This e-bike features a more durable design and improved pedal assist, making it suitable for longer rides. It is expected to attract commuters who require a sustainable alternative to traditional transport.
• Tier Mobility Battery Swapping System: Tier’s battery-swapping technology allows users to exchange depleted batteries at designated stations, significantly improving uptime for fleet operators. This development is seen as a major efficiency boost in densely populated areas.
• Bird Two: Known for its durability and safety features, the Bird Two e-scooter includes advanced braking systems and an anti-theft mechanism, making it ideal for shared micromobility platforms.
• Helbiz AI Fleet Management: Helbiz’s AI-based system uses real-time data to manage vehicle allocation and maintenance, reducing operational costs for fleet managers. It is anticipated to revolutionize the way micromobility fleets are managed in Saudi cities.

SAUDI ARABIA MICROMOBILITY MARKET SEGMENTATION

By Vehicle Type:

• E-Scooters
• E-Bikes
• Pedal Bicycles

By Ownership Model:

• Private Ownership
• Shared/Rental Services

By Application:

• Commuting
• Last-mile Connectivity
• Recreational

By Region:

• Riyadh
• Jeddah
• Eastern Province
• Other Citiez

TOP PLAYERS

1. Lime
2. Bird
3. Neuron Mobility
4. Tier Mobility
5. Helbiz
6. Spin
7. Dott
8. Circ
9. VOI Technology
10. Bolt

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What are the key growth drivers for the Saudi Arabia micromobility market?
2. How does government policy impact the adoption of micromobility solutions?
3. What are the most significant technological advancements in the micromobility market?
4. How will the market evolve over the next five years?
5. What are the key challenges facing micromobility operators in Saudi Arabia?
6. How are consumers adopting shared micromobility services in urban areas?
7. What are the infrastructure developments supporting micromobility in Saudi Arabia?
8. Which regions in Saudi Arabia are experiencing the highest micromobility growth?
9. How are micromobility services integrated with public transportation networks?
10. What are the most promising investment opportunities in the market?
11. How do micromobility services contribute to reducing urban congestion and pollution?
12. What role does battery technology play in enhancing micromobility offerings?