Middle East and Africa Electric Vehicle Market - Industry Trends and Forecast to 2029
- Published Date: 2022-12-31
- Report ID: 144148
- Pages: 225
-
Format:
Short Description
Middle East and Africa Electric Vehicle Market, By Product/Propulsion Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV) and Fuel Cell Electric Vehicle (FCEV) and ICE and Micro Hybrid Vehicle), Vehicle Drive Type (FWD, RWD, and AWD), Vehicle Speed (Less Than 100 MPH, 100 to 125 MPH, and More Than 125 MPH), Vehicle Class (Mid-Priced and Luxury), Sales Channel (OEM and Aftermarket), Electric Motor Type (DC Motors, Brushless DC Motors, Permanent Magnet Synchronous Motors, and Three Phase Induction Motors), Power Output (Less Than 100 KW, 100 to 250 KW, and More Than 100 KW), Voltage Range (Less Than 48 Volt and More Than 48 Volt), Charging Station Type (Normal Charging and Super Charging), Connectivity Type (V2B OR V2H, V2G, V2V, and V2X), Power Train (Parallel Hybrid, Series Hybrid, and Combined Hybrid), Vehicle Type (Passenger Vehicles, Light Commercial Vehicle and Heavy Commercial Vehicle) Country (South Africa, Saudi Arabia, U.A.E., Israel, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast To 2029
Market Definition:
An electric vehicle is a vehicle that runs fully or partially on electricity. Unlike conventional vehicles that use fossil fuels, e-vehicles use an electric motor powered by a fuel cell or batteries. E-vehicle or EV are the standard terms used for an electric vehicle. In most cases, the term includes both BEVs and PHEVs. The letters BEVs stand for battery electric vehicles, while PHEVs stands for plug-in hybrid electric vehicles.
An electric vehicle (EV) operates on an electric motor instead of an internal-combustion engine that generates power by burning a mix of fuel and gases. Therefore, electric vehicles are seen as a possible replacement for current-generation automobiles to address the issue of rising pollution, global warming, and depleting natural resources. An electric vehicle's range is the distance it can cover on a single charge.
The adoption of an electric vehicle is rising due to their zero-emission and high tank-to-wheels efficiency. This has made it necessary to have a proper battery management system to reach maximum performance when operating under various conditions. In addition, the rising trend to increase charging rates, which would allow faster charging and longer trips, has raised the demand for EVs in the market.
Market Segmentation:
The electric vehicle market is segmented on the basis of component type, subscriber type, technology, optical signaling format, application, and end user.
On the basis of product/propulsion type, the Middle East and Africa electric vehicle market is segmented into battery electric vehicle (BEV), and plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV) and ICE and micro hybrid vehicle
On the basis of vehicle drive type, the Middle East and Africa electric vehicle market is segmented into FWD, RWD, and AWD
On the basis of vehicle speed, the Middle East and Africa electric vehicle market is segmented into less than 100 MPH, 100 To 125 MPH, and more than 125 MPH
On the basis of vehicle class, the Middle East and Africa electric vehicle market is segmented into mid-priced and luxury
On the basis of sales channel, the Middle East and Africa electric vehicle market is segmented into OEM and aftermarket
On the basis of electric motor type, the Middle East and Africa electric vehicle market is segmented into DC motors, brushless DC motors, permanent magnet synchronous motors and three phase induction motors.
On the basis of power output, the Middle East and Africa electric vehicle market is segmented into less than 100 KW, 100 to 250 KW, and more than 100 KW.
On the basis of voltage range, the Middle East and Africa electric vehicle market is segmented into less than 48 Volt and more than 48 Volt.
On the basis of charging station type, the Middle East and Africa electric vehicle market is segmented into normal charging and supercharging.
On the basis of connectivity type, the Middle East and Africa electric vehicle market is segmented into V2B OR V2H, V2G, V2V, and V2X.
On the basis of power train, the Middle East and Africa electric vehicle market is segmented into parallel hybrid, series hybrid, and combined hybrid.
On the basis of vehicle type, the Middle East and Africa electric vehicle market is segmented into passenger vehicles, light commercial vehicle, and heavy commercial vehicle.
Market Players
The key market players for Middle East and Africa electric vehicle market are listed below:
Volkswagen AG
TOYOTA MOTOR CORPORATION
Hyundai Motor Company
BMW AG
Ford Motor Company
Tesla
Mercedes-Benz Group AG
Mahindra Electric Mobility Limited (A Subsidiary of Mahindra & Mahindra Ltd.)
TATA MOTORS
MG MOTOR
AB Volvo
BYD Motors Inc.
Nissan Motor Co., Ltd.
MITSUBISHI MOTORS CORPORATION
Geely Automobile Holdings Limited
ASHOK LEYLAND
TABLE OF CONTENTS
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 OVERVIEW OF MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET 18
1.4 CURRENCY AND PRICING 21
1.5 LIMITATIONS 21
1.6 MARKETS COVERED 21
2 MARKET SEGMENTATION 24
2.1 MARKETS COVERED 24
2.2 GEOGRAPHICAL SCOPE 25
2.3 YEARS CONSIDERED FOR THE STUDY 25
2.4 DBMR TRIPOD DATA VALIDATION MODEL 26
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 29
2.6 DBMR MARKET POSITION GRID 30
2.7 THE MARKET CHALLENGE MATRIX 31
2.8 MULTIVARIATE MODELING 32
2.9 TYPE TIMELINE CURVE 33
2.10 SECONDARY SOURCES 34
2.11 ASSUMPTIONS 34
3 EXECUTIVE SUMMARY 35
4 PREMIUM INSIGHTS 38
4.1 RAW MATERIAL PRODUCTION COVERAGE 39
4.2 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 39
4.2.1 CHARGING TECHNOLOGY: 39
4.2.2 BATTERY TECHNOLOGY: 40
4.2.3 AUTONOMOUS DRIVING: 40
4.3 PORTERS MODEL 41
4.4 VENDOR SELECTION CRITERIA 41
4.5 PESTEL ANALYSIS 42
4.5.1 POLITICAL FACTORS: 42
4.5.2 ECONOMIC FACTORS: 42
4.5.3 SOCIAL FACTORS: 43
4.5.4 TECHNOLOGICAL FACTORS: 43
4.5.5 ENVIRONMENTAL FACTORS: 43
4.5.6 LEGAL FACTORS: 44
4.6 CONSUMER BEHAVIOUR PATTERN 44
4.7 PRODUCT ADOPTION SCENARIO 44
4.8 FACTORS INFLUENCING BUYING DECISION 45
4.9 BRAND COMPARATIVE ANALYSIS 46
4.9.1 TESLA 46
4.9.2 AUDI 47
4.9.3 TOYOTA 47
4.10 REGULATION COVERAGE 47
4.10.1 UAE 47
4.10.2 SAUDI ARABIA 50
4.10.3 EGYPT 51
4.11 GOVERNMENT INCENTIVES 51
4.11.1 SOUTH AFRICA 51
4.11.2 UAE 51
4.11.3 EGYPT 52
5 SUPPLY CHAIN ANALYSIS 53
6 MARKET OVERVIEW 54
6.1 DRIVERS 56
6.1.1 INCREASE IN DEMAND FOR ELECTRIC VEHICLES 56
6.1.2 INCENTIVES & SUBSIDIES BY THE GOVERNMENT FOR ELECTRIC VEHICLES 56
6.1.3 INCREASE IN ENVIRONMENTAL CONCERNS 56
6.1.4 GOVERNMENT INITIATIVES TO REDUCE EMISSION LEVELS 57
6.1.5 HIGH FLUCTUATION IN FUEL PRICES 57
6.2 RESTRAINTS 58
6.2.1 HIGH UPFRONT COST 58
6.2.2 LACK OF CHARGING INFRASTRUCTURE FOR ELECTRIC VEHICLES IN MEA REGION 58
6.3 OPPORTUNITIES 59
6.3.1 CLOUD BASED CHARGING STATIONS (SMART ELECTRIC VEHICLE CHARGING) 59
6.3.2 ADOPTION OF NEW TECHNOLOGIES IN LITHIUM-ION BATTERIES 59
6.4 CHALLENGE 60
6.4.1 BATTERY PERFORMANCE IN DIFFERENT ENVIRONMENTAL CONDITIONS 60
7 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY PRODUCT/PROPULSION TYPE 61
7.1 OVERVIEW 62
7.2 BATTERY ELECTRIC VEHICLE (BEV) 63
7.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 63
7.4 FUEL CELL ELECTRIC VEHICLE (FCEV) 63
7.5 ICE AND MICRO HYBRID VEHICLE 63
8 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE DRIVE TYPE 64
8.1 OVERVIEW 65
8.2 FWD 66
8.3 RWD 66
8.4 AWD 66
9 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE SPEED 67
9.1 OVERVIEW 68
9.2 LESS THAN 100 MPH 69
9.3 100 TO 125 MPH 69
9.4 MORE THAN 125 MPH 69
10 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE CLASS 70
10.1 OVERVIEW 71
10.2 MID-PRICED 72
10.3 LUXURY 72
11 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY SALES CHANNEL 73
11.1 OVERVIEW 74
11.2 OEM 75
11.3 AFTERMARKET 75
12 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY POWER OUTPUT 76
12.1 OVERVIEW 77
12.2 LESS THAN 100 KW 78
12.3 100 TO 250 KW 78
12.4 MORE THAN 250 KW 78
13 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY ELECTRIC MOTOR TYPE 79
13.1 OVERVIEW 80
13.2 BRUSHLESS DC MOTORS 81
13.3 PERMANENT MAGNET SYNCHRONOUS MOTORS 81
13.4 DC MOTORS 81
13.5 THREE PHASE INDUCTION MOTORS 81
14 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VOLTAGE RANGE 82
14.1 OVERVIEW 83
14.2 LESS THAN 48 VOLT 84
14.3 MORE THAN 48 VOLT 84
15 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY CHARGING STATION TYPE 85
15.1 OVERVIEW 86
15.2 NORMAL CHARGING 87
15.2.1 LEVEL 2 87
15.2.2 LEVEL 3 87
15.2.3 LEVEL 1 87
15.3 SUPER CHARGING 87
15.3.1 LEVEL 3 88
15.3.2 LEVEL 2 88
15.3.3 LEVEL 1 88
16 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY CONNECTIVITY TYPE 89
16.1 OVERVIEW 90
16.2 V2G 91
16.3 V2X 91
16.4 V2V 91
16.5 V2B OR V2H 91
17 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY POWER TRAIN 92
17.1 OVERVIEW 93
17.2 SERIES HYBRID 94
17.3 PARALLEL HYBRID 94
17.4 COMBINED HYBRID 94
18 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 95
18.1 OVERVIEW 96
18.2 PASSENGER VEHICLE 97
18.2.1 PASSENGER CARS 97
18.2.2 TWO-WHEELERS 97
18.2.3 OTHERS 97
18.3 LIGHT COMMERCIAL VEHICLE 97
18.3.1 LESS THAN 48 VOLT 98
18.3.2 MORE THAN 48 VOLT 98
18.4 HEAVY COMMERCIAL VEHICLE 98
18.4.1 LESS THAN 48 VOLT 99
18.4.2 MORE THAN 48 VOLT 99
19 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET , BY COUNTRY 100
19.1 U.A.E. 106
19.2 SAUDI ARABIA 111
19.3 SOUTH AFRICA 116
19.4 ISRAEL 121
19.5 EGYPT 126
19.6 REST OF MIDDLE EAST & AFRICA 131
20 MIDDLE EAST AND AFRICA ELECTRIC VEHICLE MARKET: COMPANY LANDSCAPE 132
20.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA 132
21 SWOT ANALYSIS 133
22 COMPANY PROFILE 134
22.1 TESLA 134
22.1.1 COMPANY SNAPSHOT 134
22.1.2 REVENUE ANALYSIS 134
22.1.3 PRODUCT PORTFOLIO 135
22.1.4 RECENT DEVELOPMENT 135
22.2 VOLKSWAGEN AG 136
22.2.1 COMPANY SNAPSHOT 136
22.2.2 REVENUE ANALYSIS 136
22.2.3 PRODUCT PORTFOLIO 137
22.2.4 RECENT DEVELOPMENT 137
22.3 TOYOTA MOTOR CORPORATION 138
22.3.1 COMPANY SNAPSHOT 138
22.3.2 REVENUE ANALYSIS 138
22.3.3 PRODUCT PORTFOLIO 139
22.3.4 RECENT DEVELOPMENT 139
22.4 MERCEDES-BENZ GROUP AG 140
22.4.1 COMPANY SNAPSHOT 140
22.4.2 REVENUE ANALYSIS 140
22.4.3 PRODUCT PORTFOLIO 141
22.4.4 RECENT DEVELOPMENT 141
22.5 FORD MOTOR COMPANY 142
22.5.1 COMPANY SNAPSHOT 142
22.5.2 REVENUE ANALYSIS 142
22.5.3 PRODUCT PORTFOLIO 143
22.5.4 RECENT DEVELOPMENTS 143
22.6 AB VOLVO 144
22.6.1 COMPANY SNAPSHOT 144
22.6.2 REVENUE ANALYSIS 144
22.6.3 PRODUCT PORTFOLIO 145
22.6.4 RECENT DEVELOPMENT 145
22.7 ASHOK LEYLAND 146
22.7.1 COMPANY SNAPSHOT 146
22.7.2 REVENUE ANALYSIS 146
22.7.3 PRODUCT PORTFOLIO 147
22.7.4 RECENT DEVELOPMENTS 147
22.8 BMW AG 148
22.8.1 COMPANY SNAPSHOT 148
22.8.2 REVENUE ANALYSIS 148
22.8.3 PRODUCT PORTFOLIO 149
22.8.4 RECENT DEVELOPMENT 149
22.9 BYD MOTORS INC. 150
22.9.1 COMPANY SNAPSHOT 150
22.9.2 PRODUCT PORTFOLIO 150
22.9.3 RECENT DEVELOPMENT 150
22.10 GEELY AUTOMOBILE HOLDINGS LIMITED 151
22.10.1 COMPANY SNAPSHOT 151
22.10.2 REVENUE ANALYSIS 151
22.10.3 PRODUCT PORTFOLIO 152
22.10.4 RECENT DEVELOPMENT 152
22.11 HYUNDAI MOTOR COMPANY 153
22.11.1 COMPANY SNAPSHOT 153
22.11.2 REVENUE ANALYSIS 153
22.11.3 PRODUCT PORTFOLIO 154
22.11.4 RECENT DEVELOPMENT 154
22.12 MAHINDRA ELECTRIC MOBILITY LIMITED 155
22.12.1 COMPANY SNAPSHOT 155
22.12.2 REVENUE ANALYSIS 155
22.12.3 PRODUCT PORTFOLIO 156
22.12.4 RECENT DEVELOPMENTS 156
22.13 MG MOTOR 157
22.13.1 COMPANY SNAPSHOT 157
22.13.2 PRODUCT PORTFOLIO 157
22.13.3 RECENT DEVELOPMENTS 157
22.14 MITSUBISHI MOTORS CORPORATION 158
22.14.1 COMPANY SNAPSHOT 158
22.14.2 REVENUE ANALYSIS 158
22.14.3 PRODUCT PORTFOLIO 159
22.14.4 RECENT DEVELOPMENT 159
22.15 NISSAN MOTOR CO., LTD. 160
22.15.1 COMPANY SNAPSHOT 160
22.15.2 REVENUE ANALYSIS 160
22.15.3 PRODUCT PORTFOLIO 161
22.15.4 RECENT DEVELOPMENT 161
22.16 TATA MOTORS 162
22.16.1 COMPANY SNAPSHOT 162
22.16.2 REVENUE ANALYSIS 162
22.16.3 PRODUCT PORTFOLIO 163
22.16.4 RECENT DEVELOPMENT 163
23 QUESTIONNAIRE 164
24 RELATED REPORTS 168
Call Us
( India toll free )
+91 835 605 0278
( US toll free )
+1 800 601 6071
Drop us an email at
sales@prudentmarkets.com
Get your pre and post sales queries resolved by our Subject matter experts.
We will assist you to customize the report to fit your research needs.
Our prime focus is to provide qualitative and accurate data.
Feel free to order a sample report before purchase.
Your personal and confidential information is safe and secured.
