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The Middle East & Africa Electric Vehicle Market 2019-2027

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    Report

  • 72 Pages
  • June 2019
  • Region: Africa, Middle East
  • Triton Market Research
  • ID: 4773783
Market Outlook
This report has determined the electric vehicle market to proliferate at a compound annual growth rate of 19.46% during the forecast period 2019-2027.

Saudi Arabia, Turkey, the UAE, South Africa and countries in rest of MEA have been studied for the electric vehicle market in the Middle East & Africa region.

The rise in the disposable incomes of the population is one of the most significant drivers responsible for the electric vehicles market growth. With the rising per capita income, the monetary constraint is no longer an issue for most of the people. Increased affordability indicates that more number of people will move towards luxury plug-in hybrids and electronic vehicles. Thus, the growing disposable income across the developed and developing nations is increasing the adoption of electric vehicles, thus positively impacting towards the growth of the electric vehicle market in the forecast period.

A major hurdle in the growth of the electric vehicle market in the Middle East & Africa is the insufficient number of charging stations in the region. Gas stations are located at every few miles in urban and suburban areas; however, public infrastructure for EVs are only located in large metropolitan areas. Plug-in hybrid vehicles have a short range than fuel-driven cars and thus require a dense charging infrastructure that can help them in both long and short distance travel. In the current scenario, the scarcity of EV charging stations has proven to be a key restraining factor for the electric vehicle market growth.

Competitive Outlook
Volkswagen AG, Fiat Chrysler Automobiles N.V., Ford Motor Company, BYD Company, Ltd., Mitsubishi, Daimler AG, Tesla Motors, Inc., Hyundai Motors, Toyota Industries Corporation, Bayerische Motoren Werke AG, Nissan Motor Co., Ltd., Groupe PSA, General Motors Company, Zhejiang Geely Holding Group and Honda Motor Company are the noted players in the electric vehicle market.

Table of Contents

1. Middle East & Africa Electric Vehicle Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.3. Introduction: Electric Vehicles
2.4. Evolution & Transition Of Electric Vehicles
2.5. Porter's Five Force Analysis
2.6. Market Attractiveness Matrix
2.7. Industry Components
2.8. Regulatory Framework
2.9. Vendor Scorecard
2.10. Key Impact Analysis
2.11. Market Opportunity Insights
2.12. Industry Player Positioning
2.13. Key Market Strategies
2.14. Market Drivers
2.14.1. Proactive Government Policies To Promote The Use Of Electric Vehicles
2.14.2. Cost-Effectiveness Of Electric Vehicles Over Their Gas-Powered Counterparts
2.14.3. Transport Contributing To Greenhouse Gas (Ghg) Emissions, Air Pollution & Energy Consumption
2.14.4. Increasing Per Capita Income
2.15. Market Restraints
2.15.1. Lack Of Electric Vehicles Charging Stations
2.15.2. High Cost Of Electric Vehicles
2.16. Market Opportunities
2.16.1. Rise In Lithium-Ion Battery Production Capacities
2.16.2. Government Initiatives To Limit Greenhouse Gases
2.16.3. Increased Research & Development Expenditure Towards Development Of Evs
2.17. Market Challenges
2.17.1. Lack Of Public Awareness
2.17.2. Performance Issues
3. Middle East & Africa Electric Vehicle Industry Outlook - By Vehicle Type
3.1. Commercial Vehicles
3.2. Passenger Cars
3.3. Two Wheelers
3.4. Other Vehicles
4. Middle East & Africa Electric Vehicle Industry Outlook - By Power Source
4.1. Stored Electricity
4.2. On Board Electricity Generator
5. Middle East & Africa Electric Vehicle Industry Outlook - By Technology
5.1. Hybrid Electric Vehicle
5.2. Battery Electrical Vehicles
5.3. Plug-In Hybrid Electrical Vehicle
6. Middle East & Africa Electric Vehicle Industry - Regional Outlook
6.1. United Arab Emirates
6.2. Turkey
6.3. Saudi Arabia
6.4. South Africa
6.5. Rest Of Middle East & Africa
7. Competitive Landscape
7.1. Bayerische Motoren Werke AG
7.2. Byd Company, Ltd.
7.3. Daimler AG
7.4. Fiat Chrysler Automobiles N.V.
7.5. Ford Motor Company
7.6. General Motors Company
7.7. Groupe PSA
7.8. Honda Motor Company
7.9. Hyundai Motors
7.10. Mitsubishi
7.11. Nissan Motor Co., Ltd.
7.12. Tesla Motors, Inc.
7.13. Toyota Industries Corporation
7.14. Volkswagen AG
7.15. Zhejiang Geely Holding Group
8. Methodology & Scope
8.1. Research Scope
8.2. Sources Of Data
8.3. Research Methodology
List of Tables
Table 1. Market Attractiveness Matrix For Electric Vehicle Market
Table 2. Vendor Scorecard Of Electric Vehicle Market
Table 3. Regulatory Framework Of Electric Vehicle Market
Table 4. Key Strategic Developments In Electric Vehicle Market
Table 5. Benefits & Limitations Of Electric Vehicles
Table 6. Worldwide Lithium-Ion Battery Production Capacity (Gwh)
Table 7. Cost Comparison Of Evs To Their Gas-Powered Counterpart
Table 8. Projected Electricity-Powered Two-Wheeler Sales In The United States In 2015 And 2024, By Type (In Units)
Table 9. Middle East & Africa Electric Vehicle Market, Country Outlook, 2019-2027 (In $ Million)
Table 10. Middle East & Africa Electric Vehicle Market, By Vehicle Type, 2019-2027 (In $ Million)
Table 11. Middle East & Africa Electric Vehicle Market, By Power Source, 2019-2027 (In $ Million)
Table 12. Middle East & Africa Electric Vehicle Market, By Technology, 2019-2027 (In $ Million)
Table 13. Middle East & Africa Electric Vehicle Market, Country Outlook, 2019-2027 (In $ Million)
List of Figures
Figure 1. Middle East & Africa Electric Vehicle Market, 2019-2027 (In $ Million)
Figure 2. Porter's Five Force Analysis Of Electric Vehicle Market
Figure 3. Key Impact Analysis
Figure 4. Timeline Of Electric Vehicle
Figure 5. Market Opportunity Insights, By Vehicle Type, 2018
Figure 6. Industry Components Of Electric Vehicle Market
Figure 7. Key Player Positioning In 2018 (%)
Figure 8. Middle East & Africa Electric Vehicle Market, By Commercial Vehicles, 2019-2027 (In $ Million)
Figure 9. Middle East & Africa Electric Vehicle Market, By Passenger Cars, 2019-2027 (In $ Million)
Figure 10. Middle East & Africa Electric Vehicle Market, By Two Wheelers, 2019-2027 (In $ Million)
Figure 11. Middle East & Africa Electric Vehicle Market, By Other Vehicles, 2019-2027 (In $ Million)
Figure 12. Middle East & Africa Electric Vehicle Market, By Power Source, 2018 & 2027 (In %)
Figure 13. Middle East & Africa Electric Vehicle Market, By Stored Electricity, 2019-2027 (In $ Million)
Figure 14. Middle East & Africa Electric Vehicle Market, By On Board Electricity Generator, 2019-2027 (In $ Million)
Figure 15. Middle East & Africa Electric Vehicle Market, By Technology, 2018 & 2027 (In %)
Figure 16. Middle East & Africa Electric Vehicle Market, By Hybrid Electric Vehicle, 2019-2027 (In $ Million)
Figure 17. Middle East & Africa Electric Vehicle Market, By Battery Electrical Vehicles, 2019-2027 (In $ Million)
Figure 18. Middle East & Africa Electric Vehicle Market, By Plug-In Hybrid Electrical Vehicle, 2019-2027 (In $ Million)
Figure 19. Middle East & Africa Electric Vehicle Market, Regional Outlook, 2018 & 2027 (In %)
Figure 20. United Arab Emirates Electric Vehicle Market, 2019-2027 (In $ Million)
Figure 21. Saudi Arabia Electric Vehicle Market, 2019-2027 (In $ Million)
Figure 22. Turkey Electric Vehicle Market, 2019-2027 (In $ Million)
Figure 23. South Africa Electric Vehicle Market, 2019-2027 (In $ Million)
Figure 24. Rest Of Middle East & Africa Electric Vehicle Market, 2019-2027 (In $ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bayerische Motoren Werke AG

  • Byd Company, Ltd.

  • Daimler AG

  • Fiat Chrysler Automobiles N.V.

  • Ford Motor Company

  • General Motors Company

  • Groupe Psa

  • Honda Motor Company

  • Hyundai Motors

  • Mitsubishi

  • Nissan Motor Co., Ltd.

  • Tesla Motors, Inc.

  • Toyota Industries Corporation

  • Volkswagen AG

  • Zhejiang Geely Holding Group

Methodology

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