This report provides an in-depth analysis of the electric vehicle (EV) market in the Middle East and North Africa (MENA) region. It covers various aspects of the market, including technological advancements, regulatory policies and frameworks, investment trends, and consumer adoption patterns. The report also discusses market dynamics and trends that shape the growth trajectory and competitive landscape in MENA EV market.
Report Scope
The report provides an in-depth analysis of the electric vehicle (EV) market in the Middle East and North Africa (MENA) region, using 2023 as the base year and forecasting trends from 2024 to 2029, with estimations of compound annual growth rates (CAGR). The market size is based on EV registrations, sales, and infrastructure developments across key countries in the region. This report explores technological advances, regulatory policies, investment trends, and consumer adoption patterns shaping the MENA EV market. Additionally, it examines the economic impact, business opportunities, and sustainability initiatives driving the industry's expansion. The report also highlights the competitive landscape, profiling key competitors in EV manufacturing, charging infrastructure, battery technology, and mobility solutions. Furthermore, it identifies market drivers, challenges, and regional dynamics influencing the growth of electric mobility in the MENA region.
Turkiye is not considered in the MENA EV market report because it is typically categorized within Europe and Central Asia due to its economic ties, regulatory framework, and automotive industry alignment with European markets. Additionally, Turkiye has a well-established domestic EV industry, including brands like Togg, which follows EU standards and policies, differentiating it from MENA market dynamics.
Report Includes
In-depth analysis of the electric vehicle (EV) market in the Middle East and North Africa (MENA) region
Analyses of trends in MENA regional markets for EVs, with revenue data for 2023, estimates for 2024, and projected CAGRs through 2029
Estimates of the size of the market and revenue growth prospects, accompanied by a market share analysis by vehicle type, propulsion technology, and country
Facts and figures pertaining to the current market dynamics, technological advances, regulations, and the impact of macroeconomic factors
An assessment of the sustainability trends and ESG developments in the MENA EV market
Analysis of the industry structure, including companies' product offerings, strategic alliances, venture fundings and investment outlook
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Reasons for Doing this Study
Market Summary
Chapter 2 MENA EV Industry Outlook
Global EV Market Overview
MENA Market Share
Evolving MENA EV Industry
Middle East
North Africa
Chapter 3 Market Dynamics
Market Dynamics
Market Drivers
Government Policies and Incentives
Growing Investment in EV Manufacturing and Infrastructure
Increasing Consumer Awareness and Demand
Advances in Battery Technology and Charging Solutions
Corporate Commitments and Sustainability Initiatives
Market Challenges
Limited Charging Infrastructure
High Upfront Costs and Limited Affordable Models
Range Limitations and Harsh Climate Conditions
Regulatory Uncertainty and Import Barriers
Dependence on Oil and Resistance from the Traditional Automotive Sector
Market Opportunities
Expansion of Domestic EV Manufacturing
Growth in Charging Infrastructure and Smart Energy Solutions
Corporate Fleet Electrification and Ride-Hailing Adoption
Advancements in Battery Technology and Local Supply Chain Development
Regional Export Potential and Market Expansion
Chapter 4 Market Segment Analysis
Segmentation Breakdown
Market Analysis, by Country
Market Analysis, by Vehicle Type
Market Analysis, by Propulsion Type
Chapter 5 Emerging Markets
Emerging Markets in the Middle East and North Africa
Israel
United Arab Emirates
Jordan
Egypt
Saudi Arabia
Lebanon
Qatar
Bahrain
Kuwait
Morocco
Chapter 6 Russia-Ukraine War Impact Analysis
Impact on the Global EV Market
Analysis of Impact on the MENA EV Market
Supply Chain Disruptions
Impact on MENA EV Companies and Market Competitors
Changes in Consumer Demand and Investment Trends
Government Policies and Incentives Influenced by the War