Middle East and Africa Electric Vehicle Market Research Report | Business Opportunities, Future Trend and Analysis of Leading Players and Forecast 2028
Middle East and Africa
Electric vehicle market is
expected to gain market growth in the forecast period of 2020 to 2028. Data
Bridge Market Research analyses that the market is growing with an excellent
CAGR of 21.5% in the forecast period of 2020 to 2028 and expected to reach USD
80,611.92 million by 2028 from USD 17,131.98 million in 2019. Gulf countries
initiatives to promote electric vehicles and strong investment from the vehicle
manufacturer are the factors for the market growth Increased number of vehicle
consumption from U.A.E. as well as increased investment in by automaker for
gulf region is driving the growth of market.
Electric vehicle offers various benefits over
conventional fuel based vehicles such as low operational cost, zero carbon
emission and others as they source energy from electricity. Consumer’s changed
attitude towards electric vehicles is augmenting the market growth as they are
more concerned over environmental pollution. Increased number of vehicle
consumption from U.A.E. as well as increased investment in by automaker for
gulf region is driving the growth of market. For instance, General Motors will
be introducing new product line in U.A.E as they registered sale of 100 of Bolt
electric vehicle since 2018. The high per capita income opens a huge
opportunity for luxurious electric vehicle segment. For instance, in 2018, GDP
of U.A.E was USD 43,000 while for Kuwait it was USD 34,244 which is much
preferable for electric vehicles market to offer high priced electric vehicle.
Favourable policies by government for electric vehicles adoption under
2020 carbon emissions reduction target will further create new opportunities that
will impact this electric vehicle market growth in the forecast period to 2028.
Middle East and Africa Electric Vehicle
Market By Component Battery Cells & Packs, On-Board Charger,
Infotainment System, Others), {(Propulsion Type (Plug-In Hybrid Electric
Vehicles (PHEVs), Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles
(HEVs), and Fuel Cell Electric Vehicles (FCEVs)}, Charging Station Type (Normal
Charging, Super Charging), Class (Mid-Priced, Luxury), Power Train (Parallel
Hybrid, Series Hybrid, Combined Hybrid), Vehicle Type (Passenger Cars, Two
Wheelers, Commercial Vehicles), Country (Saudi Arabia, U.A.E, Egypt, Israel
South Africa, Rest of Middle East and Africa), Market Trends and Forecast to
2028. This electric vehicle market report provides details of market share, new
developments, and product pipeline analysis, impact of domestic and localised
market players, analyses opportunities in terms of emerging revenue pockets,
changes in market regulations, product approvals, strategic decisions, product
launches, geographic expansions, and technological innovations in the market.
To understand the analysis and the market scenario contact us for an Analyst
Brief, our team will help you create a revenue impact solution to achieve your
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Middle East and Africa
Electric vehicle Market Scope and Market Size:
Based on component, the
market is segmented into battery cells & packs, on-board charger,
infotainment system and others. Battery is important factor in electric vehicle
as it is main source of energy which defines the performance of electric
vehicle. The rising demand of environmental friendly vehicle fleet has
tremendously increased the production of battery cell and packs. Owing to
this factor major battery manufacturers such as Panasonic and LG Gem have taken
initiatives to expand their manufacturing plant that help them to accelerate
production of electric cars in the Middle East region. It has been observed
that battery technology company named as Saft has planned to bring its Flex’ion
li-ion battery systems for Middle East and Africa. The utilization of
such battery also contributes in overall reduction in the weight of electric
vehicle.
Market Competitors:
The major players covered in the report are
TOYOTA MOTOR CORPORATION, Nissan Motor Co., LTD., Volkswagen AG, Ford Motor
Company, Groupe PSA, among other players in Middle East and Africa. DBMR
analysts understand competitive strengths and provide competitive analysis for
each competitor separately.
Key Pointers Covered in
the Middle East and
Africa Electric vehicle Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE
REPORT:
Chapter One: Middle East and Africa Electric Vehicle
Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Middle East and Africa Electric
Vehicle Market Competition, by Players
Chapter Four: Middle East and Africa Electric Vehicle
Market Size by Regions
Chapter Five: Middle East and Africa Electric Vehicle
Market Revenue by Countries
Chapter Six: Middle East and Africa Electric Vehicle
Market Revenue by Type
Chapter Seven: Middle East and Africa Electric Vehicle
Market Revenue by Application
Chapter Eight: Middle East and Africa Electric Vehicle
Market Revenue by Industries
Chapter Nine: Middle East and Africa Electric Vehicle
Market Revenue by Deployment Model
Chapter Ten: Middle East and Africa Electric Vehicle
Market Revenue by End User
Get Table of
Content on Request @ https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-electric-vehicle-market
Reasons for Buying
this Middle East and Africa Electric Vehicle Market Report:
Laser Capture Middle East and Africa Electric vehicle
Market report aids in understanding the crucial product segments and their
perspective.
Initial graphics and exemplified that a SWOT evaluation
of large sections supplied from the Laser Capture Middle East and Africa
Electric vehicle Market industry.
Even the Laser Capture Middle East and Africa Electric
vehicle Market economy provides pin line evaluation of changing competition
dynamics and retains you facing opponents.
This report provides a more rapid standpoint on various
driving facets or controlling Medical Robotic System promote advantage.
This worldwide Locomotive report provides a pinpoint test
for shifting dynamics that are competitive.
The key questions
answered in this report:
What will be the Market Size and Growth Rate in the
forecast year?
What is the Key Factors driving Laser Capture Middle East
and Africa Electric vehicle Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Middle East and Africa
Electric vehicle Market?
What are the Trending Factors influencing the market
shares?
What is the Key Outcomes of Porter’s five forces model?
Which are the Global Opportunities for expanding the
Middle East and Africa Electric vehicle Market?
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