Middle East & North Africa Commercial Vehicle Market Report 2028

Summary

Report Description

The Middle East & North Africa Commercial Vehicle market was valued at USD 25250.52 million in 2022 and is expected to register a CAGR of 8.67% during the forecast period of 2023-2028F. Commercial vehicles are often employed as a mode of transportation for various sorts of end use businesses, and they aid in tasks such as unloading, loading, and transportation of goods. The Middle East and North africa Commercial Vehicle market is growing owing to the rapid infrastructure development projects that are initiated by the government which led to the increase in sale of commercial vehicles. Moreover, the rising urbanization and emergence of the e-commerce industry is boosting the growth of commercial vehicles as light commercial vehicles are used in the logistics and distribution networks. Furthermore, the developing mining sector and the increasing requirement for commercial vehicles have raised demand for commercial vehicles, which has a positive influence on the commercial vehicle market in the Middle East and North Africa.

Increasing Commercial Vehicle Network in Logistics and E-Commerce Industry

A surge in demand for material handling and carrying equipment has led to an increase in demand for vehicles such as commercial trucks and trailers, a preference for heavy-duty commercial vehicles, and increased investments in logistics and construction activities are some of the factors driving the growth of the Middle East & North Africa (MENA) commercial vehicles market. The construction industry is expanding rapidly because of the large number of projects in the pipeline in each Middle Eastern country, and this is also related to the Middle Eastern governments' attempts to diversify their economies. These changes are also tied to the large-scale international events that conducted in this region, such as, World Expo 2020 in Dubai and the FIFA World Cup 2022 in Qatar.

Due to their extensive use in industries such as petrochemicals, the UAE and Oman are also increasingly becoming appealing markets for commercial vehicles, which is likely to improve total demand for trucks in the Middle East region.

Increasing Production and Sales of Electric Commercial Vehicles:

The expanding electric vehicle industry is likely to drive the market owing to increased freight, logistics, and construction activities. The advent of severe restrictions to reduce excessive emissions has prompted vehicle manufacturers to design and build low-emission fleets to replace diesel vehicles with cleaner alternatives. As a result of their improved range, battery life, dependability, and low cost, electric commercial vehicles have become a significantly more enticing option. Owing to their affordable operating costs and positive environmental effects, electric commercial vehicles are becoming more and more popular in the Middle East and North Africa. For instance, the UAE-based logistics company DP Global introduced a fleet of electric commercial vehicles at its logistics hub in Dubai in 2020. As a result, the increasing electric commercial vehicle industry is predicted to drive the expansion of the commercial vehicle market in the Middle East and North Africa.

Technological Advancement

With the development of electric and autonomous vehicles, the commercial vehicle sector is experiencing tremendous technological breakthroughs. For instance, Telematics technology was first introduced by Volvo Trucks and has been considered a key growth driver in the Commercial Vehicle Market. Telematics allows fleet managers to monitor truck movements as well as parameters such as speed, load, and full tachograph data. Telematics advances, making it easier to monitor fuel usage. Fleet managers can get exact statistics on driving distance, emission levels, and fuel consumption, in addition to receiving vehicle status updates, for the efficient management of vehicles. Easy-access alerts include the date, time, location, odometer information, engine hours, and more. Telematics is now an important selling feature for truck manufacturers, with their transport operator clients incorporating the technology to streamline fleet management systems.

Since Dubai's Roads and Transport Authority (RTA) mandated that all heavy vehicles install telematics to reduce accident risk, encourage safe driving habits, strengthen the country's infrastructure, and reduce the financial, human, and environmental impact of heavy trucks, adoption of the technology has skyrocketed.

Furthermore, municipal waste management trucks have begun to use the technology for more efficient waste collection and management. "Waste bins are attached with sensors using advanced IoT-based devices." Monitoring, management, and transportation of trash bins, drivers, and vehicles are all possible with a well-integrated system.

Strict Government Regulations

Increased carbon emissions have resulted in the implementation of government regulations and rules for automobile manufacturers. Manufacturers confront challenges because of increased government regulations and standards. Trucks and commercial vehicles are the primary causes of air pollution. They emit significant volumes of nitrogen oxides, carbon monoxide, and other pollutants into the atmosphere. Transportation is responsible for almost a quarter of all airborne hydrocarbons, nitrogen oxides, and carbon monoxide emissions. Domestic governments in MENA are implementing new vehicles norms to reduce pollution in the environment.

Market Trends

Investment in the transport and logistics industry is increasing as trade operations in the Middle East increase. The governments in the region are also investing heavily in infrastructure development. It would boost demand for commercial vans, trucks, and trailers in the region. Industrial production has increased in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, and Qatar. Production would be pushed by rising population and high disposable income. Manufacturing and logistics firms would help the economy in the future. For example, the first phase of the Dubai-based Jafza Logistics Park project is scheduled to be completed in 2023.

Governments in the Middle East and Africa are devoting time and resources to sustainable transportation technologies and renewable energy, which are predicted to enhance demand for and use of buses, hence aiding market growth. The Middle East and Africa bus sector is seeing an increase in the use of electric buses. With increased worries about the environment and sustainability, governments in the region are investing in electric buses to replace those that run on fossil fuels.

Recent Developments

Yutong introduced its most recent EV battery safety technology in September 2021. It is the world's first EV safety system to be tested on commercial vehicles in batches. It provides five layers of security, including whole-vehicle security, box security, system security, monitoring security, and component security, while also achieving three significant improvements in safety, road adaptation, and all-weather capability.

Admiral Mobility has announced plans to import 5,000 Geely Farizon electric commercial vehicles to the Middle East, including 3,000 electric commercial trucks (6-tonne and 8-tonne) and 2,000 electric Farizon SuperVANs. The company will get its first shipment in early 2023. The company wishes to comply with the UAE's Sustainable Development Goals.

Volvo Group disclosed an extended range for Volvo's battery electric trucks, as well as a new, completely electric rear axle that can accommodate more batteries.

Tata Motors Limited has presented a wide range of 21 new commercial vehicles across all sectors. These cutting-edge vehicles complement Tata Motors' long-standing "Power of 6" benefit offering by addressing specific usage and applications while delivering improved productivity and lower total cost of ownership. They were created and constructed to meet the changing needs of cargo and passenger transport across segments and to lower total cost of ownership (TCO).

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Market Segmentation

The Middle East & North Africa Commercial Vehicle Market is segmented on the basis of vehicle type, propulsion, application and region. Based on vehicle type, the market is further segmented into Light Commercial Vehicles (LCV), Medium Commercial Vehicles (MCV) and Heavy Commercial Vehicles (HCV). Based on vehicle propulsion type, the market is further split into ICE and Electric. Based on application type, the market is further divided into construction, logistics, mining, oil & gas and others.

Company Profiles

TATA Motors Ltd, MAN Truck & Bus Middle East FZE, Ashok Leyland (U.A.E) L.L.C , Mercedes-Benz Group AG, Scania AB, Toyota Motor Corporation, Ab Volvo, Isuzu Motors International FZE, Zhengzhou Yutong Bus Co., Ltd., General Motors Corporation And Ford Middle East. are the key players in the Middle East & North Africa Commercial Vehicle market.

Attribute	Details
Revenue Forecast in 2022	USD 25250.52 Millions
Revenue Forecast in 2028F	USD 39844.13 Millions
Growth Rate	8.67%
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Vehicle type By Propulsion By Application By Country
Country Scope	Turkey, Saudi Arabia, Egypt, UAE, Iraq, Morocco, Kuwait, Qatar, Oman and Bahrain.
Key Companies Profiled	TATA Motors Ltd, MAN Truck & Bus Middle East FZE, Ashok Leyland (U.A.E) L.L.C , Mercedes-Benz Group AG, Scania AB, Toyota Motor Corporation, Ab Volvo, Isuzu Motors International FZE, Zhengzhou Yutong Bus Co., Ltd., General Motors Corporation And Ford Middle East.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Middle East & North Africa Commercial Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Middle East & North Africa Commercial Vehicle Market, By Vehicle Type:

Light Commercial Vehicles (LCV)
Medium Commercial Vehicles (MCV)
Heavy Commercial Vehicles (HCV)

Middle East & North Africa Commercial Vehicle Market, By Propulsion Type:

Internal Combustion Engine (ICE)
Electric

Middle East & North Africa Commercial Vehicle Market, By End User:

Construction
Logistics
Mining
Oil & Gas
Others

Middle East & North Africa Commercial Vehicle Market, By Country:

Turkey
Saudi Arabia
Egypt
UAE
Iraq
Morocco
Kuwait
Qatar
Oman
Bahrain

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Middle East & North Africa Commercial Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Middle East & North Africa Commercial Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Countries

3.4. Key Segments

4. Impact of COVID-19 on Middle East & North Africa Commercial Vehicle Market

4.1. Key Segments Impacted

4.2. Key Countries Impacted

5. Middle East & North Africa Commercial Vehicle Market Outlook

5.1. Market Size & Forecast

5.1.1. By Volume & Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type Market Share Analysis (Light commercial vehicle (LCV), Medium Commercial Vehicle (MCV) and Heavy Commercial Vehicle (HCV)

5.2.2. By Propulsion Type Market Share Analysis (ICE vs Electric)

5.2.3. By Application Market Share Analysis (Construction, Logistics, Mining, Oil & Gas & Others)

5.2.4. By Country Market Share Analysis

5.2.4.1. Turkey Market Share Analysis

5.2.4.2. Saudi Arabia Market Share Analysis

5.2.4.3. Egypt Market Share Analysis

5.2.4.4. UAE Market Share Analysis

5.2.4.5. Iraq Market Share Analysis

5.2.4.6. Morocco Market Share Analysis

5.2.4.7. Kuwait Market Share Analysis

5.2.4.8. Oman Market Share Analysis

5.2.4.9. Qatar Market Share Analysis

5.2.4.10. Bahrain Market Share Analysis

5.2.4.11. Rest of Middle East & North Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (By Value, 2022)

5.3. Middle East & North Africa Commercial Vehicle Market Mapping & Opportunity Assessment

5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2. By Propulsion Market Mapping & Opportunity Assessment

5.3.3. By Application Mapping & Opportunity Assessment

5.3.4. By Country Market Mapping & Opportunity Assessment

6. Turkey Commercial Vehicle Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis

6.2.2. By Propulsion Market Share Analysis

6.2.3. By Application Market Share Analysis

7. Saudi Arabia Commercial Vehicle Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis

7.2.2. By Propulsion Market Share Analysis

7.2.3. By Application Market Share Analysis

8. Egypt Commercial Vehicle Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type Market Share Analysis

8.2.2. By Propulsion Market Share Analysis

8.2.3. By Application Market Share Analysis

9. UAE Commercial Vehicle Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type Market Share Analysis

9.2.2. By Propulsion Market Share Analysis

9.2.3. By Application Market Share Analysis

10. Iraq Commercial Vehicle Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Propulsion Market Share Analysis

10.2.3. By Application Market Share Analysis

11. Morocco Commercial Vehicle Market Outlook

11.1. Market Size & Forecast

11.1.1. By Volume & Value

11.2. Market Share & Forecast

11.2.1. By Vehicle Type Market Share Analysis

11.2.2. By Propulsion Market Share Analysis

11.2.3. By Application Market Share Analysis

12. Kuwait Commercial Vehicle Market Outlook

12.1. Market Size & Forecast

12.1.1. By Volume & Value

12.2. Market Share & Forecast

12.2.1. By Vehicle Type Market Share Analysis

12.2.2. By Propulsion Market Share Analysis

12.2.3. By Application Market Share Analysis

13. Oman Commercial Vehicle Market Outlook

13.1. Market Size & Forecast

13.1.1. By Volume & Value

13.2. Market Share & Forecast

13.2.1. By Vehicle Type Market Share Analysis

13.2.2. By Propulsion Market Share Analysis

13.2.3. By Application Market Share Analysis

14. Qatar Commercial Vehicle Market Outlook

14.1. Market Size & Forecast

14.1.1. By Volume & Value

14.2. Market Share & Forecast

14.2.1. By Vehicle Type Market Share Analysis

14.2.2. By Propulsion Market Share Analysis

14.2.3. By Application Market Share Analysis

15. Bahrain Commercial Vehicle Market Outlook

15.1. Market Size & Forecast

15.1.1. By Volume & Value

15.2. Market Share & Forecast

15.2.1. By Vehicle Type Market Share Analysis

15.2.2. By Propulsion Market Share Analysis

15.2.3. By Application Market Share Analysis

16. Porter’s Five Forces Analysis

16.1. Bargaining Powers of Suppliers

16.2. Bargaining Powers of Buyers

16.3. Threat of Substitutes

16.4. Threat of New Entrants

16.5. Competitive Rivalry

17. SWOT Analysis

17.1. Strength

17.2. Weakness

17.3. Opportunities

17.4. Threats

18. Market Dynamics

18.1. Drivers

18.2. Challenges

19. Market Trends and Developments

20. Competitive Landscape

20.1. Company Profiles (Up To Top 10 Leading Companies)

20.1.1. Toyota Motor Corporation

20.1.1.1. Company Details

20.1.1.2. Key Products Offered

20.1.1.3. Recent Developments

20.1.1.4. Key Management Personnel

20.1.2. Ford Middle East

20.1.2.1. Company Details

20.1.2.2. Key Products Offered

20.1.2.3. Recent Developments

20.1.2.4. Key Management Personnel

20.1.3. General Motors Africa & Middle East

20.1.3.1. Company Details

20.1.3.2. Key Products Offered

20.1.3.3. Recent Developments

20.1.3.4. Key Management Personnel

20.1.4. Ab Volvo

20.1.4.1. Company Details

20.1.4.2. Key Products Offered

20.1.4.3. Recent Developments

20.1.4.4. Key Management Personnel

20.1.5. Isuzu Motors International FZE

20.1.5.1. Company Details

20.1.5.2. Key Products Offered

20.1.5.3. Recent Developments

20.1.5.4. Key Management Personnel

20.1.6. Mercedes-Benz Group AG

20.1.6.1. Company Details

20.1.6.2. Key Products Offered

20.1.6.3. Recent Developments

20.1.6.4. Key Management Personnel

20.1.7. Scania AB

20.1.7.1. Company Details

20.1.7.2. Key Products Offered

20.1.7.3. Recent Developments

20.1.7.4. Key Management Personnel

20.1.8. MAN Truck & Bus Middle East FZE

20.1.8.1. Company Details

20.1.8.2. Key Products Offered

20.1.8.3. Recent Developments

20.1.8.4. Key Management Personnel

20.1.9. Tata Motors Ltd

20.1.9.1. Company Details

20.1.9.2. Key Products Offered

20.1.9.3. Recent Developments

20.1.9.4. Key Management Personnel

20.1.10. Ashok Leyland (U.A.E) L.L.C

20.1.10.1. Company Details

20.1.10.2. Key Products Offered

20.1.10.3. Recent Developments

20.1.10.4. Key Management Personnel

20.1.11. Zhengzhou Yutong Bus Co., Ltd.

20.1.11.1. Company Details

20.1.11.2. Key Products Offered

20.1.11.3. Recent Developments

20.1.11.4. Key Management Personnel

21. Strategic Recommendations

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What is the major factor for the growth of Middle East & North Africa Commercial Vehicle market?

Increasing demand for commercial vehicle due to the rapid urbanization and increasing usage of the light commercial vehicle in the logistics and e-commerce industry are driving the demand of the Middle East & North Africa Commercial Vehicle market.

What is the type of application in which commercial vehicle are used?

The commercial vehicles are used in construction, logistics, mining, oil & gas industries. These are used for the better distribution and supply chain management.

Who are the top players in the Middle East & North Africa Commercial Vehicle market?

The major player in the Middle East & North Africa Commercial Vehicle market are TATA Motors Ltd, MAN Truck & Bus Middle East FZE, Ashok Leyland (U.A.E) L.L.C, Mercedes-Benz Group AG, Scania AB, Toyota Motor Corporation, Ab Volvo, Isuzu Motors International FZE, Zhengzhou Yutong Bus Co., Ltd., General Motors Corporation and Ford Middle East.

What are the restraining factors in the Middle East & North Africa Commercial Vehicle market?

Lack of standardization of regulation and policies and economic and political instability in the region is limiting the growth of Middle East & North Africa Commercial Vehicle market.

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Press Release

Middle East & North Africa Commercial Vehicle Market to Register a CAGR of 8.67% by 2028

May, 2023

The rapid increase in urbanization, increasing investment in logistics of e-commerce industry and infrastructure developments is driving the growth of Middle East & North Africa Commercial Vehicle ma

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