Middle East Electric Vehicle Market (2020-2026) | Size, Share, Trend, Analysis, industry, Forecast, Revenue, Growth, outlook & COVID-19 IMPACT

Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain, Rest of Middle East) and competitive landscape

Product Code: ETC002545 Publication Date: Jul 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Latest Development (2022) in Middle East Electric Vehicle Market

Middle East Electric Vehicle Market is anticipated to gain momentum during the upcoming years owing to the increasing development of charging infrastructure. Increasing disposable income coupled with the growing advancement of technology is driving the Middle East Electric Vehicle Market Growth. Moreover, the development of cloud-based technology is also accelerating the demand for electric vehicle in Middle East. Increasing penetration towards environmental concerns coupled with reducing carbon emission is adding to the Middle East Electric Vehicle Market Share. Growing dependency on fuel backed by a rising shift towards renewable-based power sector is proliferating the growth of the market

Middle East Electric Vehicle Market Synopsis

Middle East electric vehicle market is a part of the Global Electric Vehicle Market report comprehensively covers the market by vehicle types and countries including Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, Turkey, and the rest of the Middle East. The Middle East electric vehicle market outlook provides an unbiased and detailed analysis of the Middle East Electric vehicle 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.

Middle East electric vehicle market is expected to register significant growth over the coming years. Although oil constitutes a major source of national revenue and domestic fuel for several Middle Eastern countries, the respective governments are focusing on renewable energy and clean transportation technologies along with the implementation of economic and energy diversification plans. Moreover, favorable government policies, incentives, and lucrative offers to promote the adoption of electric vehicles are certain factors, which would drive the market growth significantly over the coming years in the region.

According to 6Wresearch, Middle East Electric Vehicle Market size is anticipated to register growth during 2020-2026. In the Middle East region, countries such as Saudi Arabia and UAE are becoming early adopters of electric vehicles. The Saudi Arabian Standards Organization (SASO) has plans to issue regulations for the use of electric vehicles. In UAE, the Road Transport Authority (RTA) has issued an advisory and working on the development of efficient charging stations in the country. The government's efforts are encouraging the usage of green energy and the promotion of electric vehicles by providing incentives to the consumer, which would propel the growth of the electric vehicle market in the Middle East.

Middle East electric vehicle market is anticipated to register sound revenues in the coming timeframe backed by the rising replacement of sustainable energy over conventional energy in order to reduce the environmental degradation ratio which is leading to creating a positive impact on the electric vehicle market during the forecast period. Moreover, On the basis of the country, UAE electric vehicle market is estimated to dominate overall sales revenues backed by a rise in the manufacturing of electrical charging infrastructure which stimulates passengers in purchasing electrical vehicles with convenient availability of the charging stations and would proliferate the growth of Middle East electric vehicle market in the coming timeframe.

The Middle east electric vehicle market is anticipated to gain traction in the upcoming six years on the back of the rising purchasing rate of electric vehicles across the region especially in gulf countries like Israel, Jordan, Saudi Arabia, and UAE. 

Market Analysis By Vehicle Types

In the Middle East, the passenger vehicle segment share is expected to dominate the overall electric vehicle market during the forecast period. Also, there has been a significant increase in the demand for electric two-wheelers in the past few years across several Middle Eastern countries owing to factors such as cost efficiency and wider usage and the two-wheeler segment is expected to grow further at a healthy pace over the coming years.

Market Analysis By Country 

On the basis of country, UAE Electric Vehicle Market is expected to generate significant growth during the upcoming years on account of increasing incentives such as free charging stations. The government is also targeting to expand its electric cars on the roads.  

COVID-19 Impact on Middle East Electric Vehicle Market

The outburst of the coronavirus pandemic is declining the growth of the market owing to disruption in the supply chain due to the shutting down of manufacturing and business units. The nationwide lockdown led to a decline in the sales of electric vehicles. Moreover, the travel restrictions imposed by the government also declined the development of the industry. Shutting down of automobile and transport industries led to a downfall in the electric vehicle market. 

Key Players in The Market

Some of the key players in the Middle East Electric Vehicle market are:

  • BMW AG
  • Hyundai Motors
  • Tesla Moto byrs Inc.
  • Volkswagen AG
  • Jaguar Land Rover Limited.

 Key Highlights of The Report:

  • Middle East Electric Vehicle Market Overview
  • Middle East Electric Vehicle Market Outlook
  • Middle East Electric Vehicle Market Forecast
  • Historical Data of Middle East Electric Vehicle Market Revenues for the Period 2016-2019
  • Middle East Electric Vehicle Market Size and Middle East Electric Vehicle Market Forecast Until 2026
  • Historical Data and Forecast of Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, and Turkey Electric Vehicle Market Revenues for the period, 2016-2026
  • Historical Data and Forecast of Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, and Turkey Electric Vehicle Market Revenues, By Vehicle Types, for the period 2016-2026
  • Market Drivers and Restraints
  • Middle East Electric Vehicle Market Trends
  • Middle East Electric Vehicle Industry Life Cycle
  • Porter’s Five Force Analysis
  • Middle East Electric Vehicle Market Opportunity Assessment
  • Middle East Electric Vehicle Market Revenue Share, By Company
  • Middle East Electric Vehicle Market Revenue Share, By Country
  • Middle East Electric Vehicle Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

 Markets Covered

The Middle East electric vehicle market report provides a detailed analysis of the following market segments:

By Vehicle Types

  • Passenger Vehicle
  • Two-Wheelers
  • Bus
  • Truck

By Countries

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Oman
  • Kuwait
  • Bahrain
  • Turkey
  • Rest of the Middle East
Frequently Asked Questions About the Market Study: FAQs

1). Who are the key players operating in Middle East Electric Vehicle Market?

Some of the key players in the Middle East Electric Vehicle market are BMW AG, Hyundai Motors, Tesla Moto byrs Inc., Volkswagen AG, and Jaguar Land Rover Limited.

2). Does the report include the impact of COVID-19?

Yes, the report includes the impact of COVID-19.

3). Which country is expected to generate a significant share in the overall Middle East Electric Vehicle Market?

On the basis of country, UAE Electric Vehicle Market is expected to generate significant growth during the upcoming years.

4). Which segment based on vehicle type is expected to dominate the overall Middle east Electric Vehicle Market?

In the Middle East, the passenger vehicle segment share is expected to dominate the overall electric vehicle market during the forecast period.

TABLE OF CONTENTS
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Middle East Electric Vehicle Market Overview
3.1 Middle East Electric Vehicle Market Revenues and Volume, 2016-2026F
3.2 Middle East Electric Vehicles Market- Industry Life Cycle, 2019
3.3 Middle East Electric Vehicles - Porter’s Five Forces
3.4 Middle East Electric Vehicle Market Revenue Share, By Countries, 2019 & 2026F
4. Middle East Electric Vehicle Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Middle East Electric Vehicle Market Trends
6. Saudi Arabia Electric Vehicle Market Overview
6.1 Saudi Arabia Country Indicators
6.2 Saudi Arabia Electric Vehicle Market Revenues and Volume, 2016-2026F
6.3 Saudi Arabia Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
6.3.1 Saudi Arabia Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
6.3.2 Saudi Arabia Electric Bus Market Revenues and Volume, 2016-2026F
6.3.3 Saudi Arabia Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
6.3.4 Saudi Arabia Electric Truck Market Revenues and Volume, 2016-2026F
6.3.5 Saudi Arabia Electric Vehicle Market- Key Performace Indicators
7. UAE Electric Vehicle Market Overview
7.1 UAE Country Indicators
7.2 UAE Electric Vehicle Market Revenues and Volume, 2016-2026F
7.3 UAE Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
7.3.1 UAE Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
7.3.2 UAE Electric Bus Market Revenues and Volume, 2016-2026F
7.3.3 UAE Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
7.3.4 UAE Electric Truck Market Revenues and Volume, 2016-2026F
7.3.5 UAE Electric Vehicle Market- Key Performace Indicators
8. Qatar Electric Vehicle Market Overview
8.1 Qatar Country Indicators
8.2 Qatar Electric Vehicle Market Revenues and Volume, 2016-2026F
8.3 Qatar Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
8.3.1 Qatar Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
8.3.2 Qatar Electric Bus Market Revenues and Volume, 2016-2026F
8.3.3 Qatar Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
8.3.4 Qatar Electric Truck Market Revenues and Volume, 2016-2026F
8.3.5 Qatar Electric Vehicle Market- Key Performace Indicators
9. Oman Electric Vehicle Market Overview
9.1 Oman Country Indicators
9.2 Oman Electric Vehicle Market Revenues and Volume, 2016-2026F
9.3 Oman Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
9.3.1 Oman Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
9.3.2 Oman Electric Bus Market Revenues and Volume, 2016-2026F
9.3.3 Oman Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
9.3.4 Oman Electric Truck Market Revenues and Volume, 2016-2026F
9.3.5 Oman Electric Vehicle Market- Key Performace Indicators
10. Kuwait Electric Vehicle Market Overview
10.1 Kuwait Country Indicators
10.2 Kuwait Electric Vehicle Market Revenues and Volume, 2016-2026F
10.3 Kuwait Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
10.3.1 Kuwait Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
10.3.2 Kuwait Electric Bus Market Revenues and Volume, 2016-2026F
10.3.3 Kuwait Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
10.3.4 Kuwait Electric Truck Market Revenues and Volume, 2016-2026F
10.3.5 Kuwait Electric Vehicle Market- Key Performace Indicators
11. Bahrain Electric Vehicle Market Overview
11.1 Bahrain Country Indicators
11.2 Bahrain Electric Vehicle Market Revenues and Volume, 2016-2026F
11.3 Bahrain Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
11.3.1 Bahrain Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
11.3.2 Bahrain Electric Bus Market Revenues and Volume, 2016-2026F
11.3.3 Bahrain Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
11.3.4 Bahrain Electric Truck Market Revenues and Volume, 2016-2026F
11.3.5 Bahrain Electric Vehicle Market- Key Performace Indicators
12. Turkey Electric Vehicle Market Overview
12.1 Turkey Country Indicators
12.2 Turkey Electric Vehicle Market Revenues and Volume, 2016-2026F
12.3 Turkey Electric Vehicle Market Revenue Share, By Vehicle Types, 2019 & 2026F
12.3.1 Turkey Electric Passenger Vehicle Market Revenues and Volume, 2016-2026F
12.3.2 Turkey Electric Bus Market Revenues and Volume, 2016-2026F
12.3.3 Turkey Electric Two-Wheelers Market Revenues and Volume, 2016-2026F
12.3.4 Turkey Electric Truck Market Revenues and Volume, 2016-2026F
12.3.5 Turkey Electric Vehicle Market- Key Performace Indicators
13. Rest of Middle East Electric Vehicle Market Overview
13.1 Rest of Middle East Electric Vehicle Market Revenues, 2016-2026F
14. Middle East Electric Vehicle Market Opportunity Assessment
14.1 Saudi Arabia Electric Vehicle Market Opportunity Assessment, By Vehicle Types
14.2 UAE Electric Vehicle Market Opportunity Assessment, By Vehicle Types
14.3 Qatar Electric Vehicle Market Opportunity Assessment, By Vehicle Types
14.4 Oman Electric Vehicle Market Opportunity Assessment, By Vehicle Types
14.5 Kuwait Electric Vehicle Market Opportunity Assessment, By Vehicle Types
14.6 Bahrain Electric Vehicle Market Opportunity Assessment, By Vehicle Types
14.7 Turkey Electric Vehicle Market Opportunity Assessment, By Vehicle Types
15. Middle East Electric Vehicle Market Competitive Landscape
15.1 Middle East Electric Vehicle Market Revenue Share, By Company
15.1.1 Saudi Arabia Electric Vehicle Market Revenue Share, By Company, 2019
15.1.2 UAE Electric Vehicle Market Revenue Share, By Company, 2019
15.1.3 Qatar Electric Vehicle Market Revenue Share, By Company, 2019
15.1.4 Oman Electric Vehicle Market Revenue Share, By Company, 2019
15.1.5 Kuwait Electric Vehicle Market Revenue Share, By Company, 2019
15.1.6 Bahrain Electric Vehicle Market Revenue Share, By Company, 2019
15.1.7 Turkey Electric Vehicle Market Revenue Share, By Company, 2019
15.2 Middle East Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters
16. Company Profiles
17. Key Strategic Recommendations
18. Disclaimer

Nigeria Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Eastern Region, Mid-Western Region, Western Region, Northern Region) and competitive landscape

Kenya Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions (Central Region, Coastal Region, Rift Valley, Eastern Region, Western Region, Northern Region) and competitive landscape

Morocco Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Northern Region, Central Region, Southern Region) and competitive landscape.

Netherlands Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Northern Region, Eastern Region, Western Region, Southern Region), And Competitive Landscape.

Saudi Arabia Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Northern Region, Central Region, Western Region, And Eastern Region) And Competitive Landscape.

Turkey Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types(Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Regions(Aegean, Black Sea, Central Anatolia, Eastern Anatolia, South-eastern Anatolia, Marmara, Mediterranean) and competitive landscape

Asia Pacific (APAC) Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (China, India, Japan, Australia, Malaysia, Philippines, Indonesia, South Korea, Cambodia, Myanmar & Rest of Asia Pacific) and competitive landscape

Africa Electric Vehicle Market (2020-2026): Market Forecast By Vehicle Types (Two-Wheeler, Passenger Vehicle, Bus, Trucks), By Countries (KenyaEgyptMoroccoTanzaniaEthiopiaNigeriaSouth Africa & Rest of Africa) and competitive landscape.

 
Pricing
  • Single User License
    $ 4,200
  • Department License
    $ 4,650
  • Site License
    $ 5,100
  • Global License
    $ 5,500

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All