UAE Electric Commercial Vehicle Market, By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and Pick-up Trucks), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), By Region, Competition Forecast & Opportunities, 2017-2027
UAE electric commercial vehicle market is anticipated to grow at a significant rate during the forecast period. The market growth can be attributed to the enhanced focus of the government on promoting the use of clean energy vehicles and growing demand for zero-emission vehicles in the eCommerce and logistics sector. The UAE government has planned to achieve climate neutrality by 2050, mitigating climate change with a range of community and economic initiatives. The government has planned to invest over AED600 billion in renewable energy to develop the Emirates into the most dynamic economy in the world. Besides, the rising penetration of electric buses in public transport fleets and stringent government regulations regarding rising pollution levels and environmental hazards are driving the growth of the UAE electric commercial vehicle market.
Moreover, advancements in the electric vehicle charging infrastructure in the country and stringent emission norms imposed on fossil-fuel-powered commercial vehicles are boosting the UAE electric commercial vehicle market growth. Rising demand for pollution-free vehicles among customers owing to increasing environmental consciousness and the emergence of various electric commercial vehicle models that are advanced and affordable are some of the factors attributing to their market growth. Advancements in battery technology and the use of the latest technologies such as IoT, ADAS, AI, etc., are contributing to the growth of the UAE electric commercial vehicle market. Furthermore, many automotive manufacturers are making huge investments in R&D to improve further battery technologies, which could result in better electric commercial vehicles and aid its market growth in the coming years. However, high development costs involved in developing the electric commercial vehicles and related components and limited battery capacity could restrain the growth of the UAE electric commercial vehicle market in the coming years.
The UAE electric commercial vehicle market is segmented based on propulsion type, vehicle type, range, component, company, and region. Based on the vehicle type, the market is further divided into bus, truck, and pick-up trucks. Electric trucks are expected to hold the largest share in the UAE electric commercial vehicle market due to rapid urbanization and fast economic growth, leading to high demand for electric trucks.
Some of the leading players in the UAE electric commercial vehicle market are Daimler, Tesla, Proterra, NISSAN, BYD, Honda, Hyundai, LG Chem, ABB Ltd., etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
- To analyze and forecast the market size of UAE electric commercial vehicle market, in terms of value and volume.
- To classify and forecast UAE electric commercial vehicle market based on propulsion type, vehicle type, range, component, company, and regional distribution.
- To identify drivers and challenges for UAE electric commercial vehicle market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in UAE electric commercial vehicle market.
- To conduct the pricing analysis for UAE electric commercial vehicle market.
- To identify and analyze the profile of leading players involved in the UAE electric commercial vehicle market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across UAE. 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 manufacturers, which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across UAE.
TechSci Research calculated the market size of UAE electric commercial vehicle market using a bottom-up approach, where data for various product types and its application across various end user industries 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 firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, UAE Electric Commercial Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- UAE Electric Commercial Vehicle Market, By Propulsion Type:
- UAE Electric Commercial Vehicle Market, By Vehicle Type:
- Pick-up Trucks
- UAE Electric Commercial Vehicle Market, By Range:
- 0-150 Miles
- 151-250 Miles
- 251-500 Miles
- 500 Miles & Above
- UAE Electric Commercial Vehicle Market, By Component:
- Electric Motor
- EV Battery
- Hydrogen Fuel Cell
- UAE Electric Commercial Vehicle Market, By Region:
- Abu Dhabi
- Rest of UAE
Company Profiles: Detailed analysis of the major companies present in UAE Electric Commercial Vehicle Market.
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
- 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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