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Report Highlights
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 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
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.
Türkiye 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, Türkiye has a well-established domestic EV industry, including brands like Togg, which follows EU standards and policies, differentiating it from MENA market dynamics.
Report Synopsis
| Report Metrics | Details |
|---|---|
| Base year considered | 2023 |
| Forecast period considered | 2024-2029 |
| Base year market size | $7.8 Billion |
| Market size forecast | $14.5 Billion |
| Growth rate | CAGR of 11.2% from 2024 to 2029 |
| Units considered | $ Millions |
| Segments covered | By Vehicle Type, Propulsion Type, and Country |
| Countries covered | Israel, United Arab Emirates, Saudi Arabia, Jordan, Egypt, Lebanon, Qatar, Bahrain, Kuwait and Morocco |
| Key Market Drivers |
|
Analyst Credentials
Kunal R. Nagpure– Consultant-Food & Beverage Research
Kunal Nagpure is an accomplished market researcher with over eight years of experience in the F&B, Environment, and Agriculture markets. He is passionate about using his knowledge to help clients make data-driven decisions and achieve their business objectives. With a keen eye for detail and a strong analytical mindset, Kunal has delivered numerous successful research projects that have enabled clients to gain a competitive edge in their respective markets. Academically, Kunal holds a master’s degree in Marketing and Operations and a bachelor’s degree in Biotech Engineering.
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