Saudi Arabia Electric Commercial Vehicle Market is projected to grow at a double digit CAGR during the forecast period owing to growing technological advancements, growing innovations in EV battery capacity and growing demand for commercial vehicles. In 2019, the Saudi Electricity Company (SEC) has signed an agreement with the Japanese firms Nissan Motor Company, Tokyo Electric Power Company, and Tecaoca Coco Energy Solutions Company to implement an electric vehicle pilot project in Saudi Arabia. This deal is to diversity its economy away from oil. Part of the deal includes the implementation of a project to develop an electric charging station that can charge a vehicle in 30 minutes. Growing infrastructure development in the country will drive the Electric Commercial Vehicle Market. As part of Saudi Arabia’s Fiscal Balance Program 2024 (FBP), the Saudi Cabinet has noted incremental price increases for gasoline and diesel. Inclusive of the VAT, standard gasoline prices increased by 83 percent in the new year while premium gasoline prices increased by 127 percent. Moreover, Saudi auto industry have reported that Tesla is currently working closely with major auto players to enter the Saudi Arabian market.

Years considered for this report:

Historical Year: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyse and forecast the market size of Electric Commercial Vehicle Market, in terms of value and volume.
  • To classify and forecast Saudi Arabia Electric Commercial Vehicle Market based on propulsion type, vehicle type, range, component and regional distribution.
  • To identify drivers and challenges for Saudi Arabia Electric Commercial Vehicle Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Electric Commercial Vehicle Market.
  • To conduct the pricing analysis for Electric Commercial Vehicle Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Saudi Arabia Electric Commercial Vehicle Market.

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Some of the leading players in the Saudi Arabia Electric Commercial Vehicle Market are Daimler, Tesla, Proterra, NISSAN, BYD, Proterra, Honda, Hyundai, LG Chem, ABB etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Saudi Arabia.

TechSci Research calculated the market size of Saudi Arabia Electric Commercial Vehicle Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Electric Commercial Vehicle Manufacturers
  • Automotive OEMs
  • Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia Electric Commercial Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Propulsion Type:
    • BEV
    • HEV
    • PHEV
    • FCEV
  • Market, By Vehicle Type:
    • Bus
    • Truck
    • Van
    • Pick-up Trucks
  • Market, By Range:
    • 0-150 Miles
    • 151-250 Miles
    • 251-500 Miles
    • 500 Miles & Above
  • Market, By Component:
    • Electric Motor
    • EV Battery
    • Hydrogen Fuel Cell
  •  Market, by Country:
    • Saudi Arabia
      • Northern & Central Region
      • Western Region
      • Southern Region
      • Eastern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Electric Commercial Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the 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).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Product Awareness

4.2.  Product Pricing

4.3.  Challenges & Unmet Needs

5.    Saudi Arabia Electric Commercial Vehicle Market Overview 

6.    Saudi Arabia Electric Commercial Vehicle Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Propulsion Type (BEV, HEV, PHEV and FCEV)

6.2.2.     By Vehicle Type (Bus, Truck and Pick-up Trucks)

6.2.3.     By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above)

6.2.4.     By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell)

6.2.5.     By Region

6.2.6.     By Company

6.3.  Market Attractiveness Index

7.    Saudi Arabia Electric Bus Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Propulsion Type

7.2.2.     By Range

7.2.3.     By Components

7.2.4.     By Country

7.3.  Market Attractiveness Index

8.    Saudi Arabia Electric Truck Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Propulsion Type

8.2.2.     By Range

8.2.3.     By Components

8.2.4.     By Country

8.3.  Market Attractiveness Index

9.    Saudi Arabia Electric Pickup Trucks Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Propulsion Type

9.2.2.     By Range

9.2.3.     By Components

9.2.4.     By Country

9.3.  Market Attractiveness Index

10.  Price Point Analysis

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  Saudi Arabia Economic Profile

15.  Competitive Landscape

15.1.              Competition Outlook

15.2.              Company Profiles (Top 10 Companies)

16. Strategic Recommendation

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