Middle East & Africa Electric Vehicle Market to 2032
Overview
The Middle East & Africa Electric Vehicle Market is expected to reach a 213,509.08 USD Billion by 2032 and is projected to grow at a CAGR of 32.33% from 2025 to 2032.
Revenue, 2024 (USD Billion)
44,213.79
Forecast, 2032 (USD Billion)
213,509.08
CAGR, 2024 - 2032
32.33%
Report Coverage
Middle East & Africa
Middle East & Africa Electric Vehicle Market 2018-2032 USD Billion
Middle East & Africa Electric Vehicle Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 44,213.79 USD Billion
- Projected Market Size (2032): 213,509.08 USD Billion
- CAGR (2025-2032): 32.33%
Key Findings of Middle East & Africa Electric Vehicle Market
- The Middle East & Africa Electric Vehicle Market was valued at 44,213.79 USD Billion in 2024.
- The Middle East & Africa Electric Vehicle Market is likely to grow at a CAGR of 32.33% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Mid-Priced in Class Segment accounted for the largest share of the market with a revenue of 29,192.55 USD Billion
- The fastest growing segment Hybrid Electric Vehicle(HEVs) in Propulsion Type Segment grew Fastest with a CAGR of 34.82% during the forecast period from 2024 to 2032.
Middle East & Africa Electric Vehicle Market Scope
Middle East & Africa Electric Vehicle Market Segmentation & Scope
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Middle East & Africa Electric Vehicle Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 44,213.79 USD Billion |
| Market Value in 2032 | 213,509.08 USD Billion |
| CAGR (2025-2032) | 32.33% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 44,213.79 USD Billion in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 13,679.83 USD Billion in 2024.
Segments and Scope
-
Middle East & Africa Electric Vehicle Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Middle East & Africa Electric Vehicle Market to 2032 with a revenue of 23,545.33 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Middle East & Africa Electric Vehicle Market to 2032 with a Growth rate of 33.53 % in forecast period 2025-2032.
-
Middle East & Africa Electric Vehicle Market to 2032, By Power Train
- Series Hybrid is the largest segment in Middle East & Africa Electric Vehicle Market to 2032 with a revenue of 22,081.22 USD Billion in the year 2024.
- Combined Hybrid is the Fastest growing segment in Middle East & Africa Electric Vehicle Market to 2032 with a Growth rate of 31.15 % in forecast period 2025-2032.
-
Middle East & Africa Electric Vehicle Market to 2032, By Class
- Mid-Priced is the largest segment in Middle East & Africa Electric Vehicle Market to 2032 with a revenue of 29,192.55 USD Billion in the year 2024.
- Mid-Priced is the Fastest growing segment in Middle East & Africa Electric Vehicle Market to 2032 with a Growth rate of 32.76 % in forecast period 2025-2032.
-
Middle East & Africa Electric Vehicle Market to 2032, By Charging Station Type
- Normal Charging is the largest segment in Middle East & Africa Electric Vehicle Market to 2032 with a revenue of 28,859.46 USD Billion in the year 2024.
- Normal Charging is the Fastest growing segment in Middle East & Africa Electric Vehicle Market to 2032 with a Growth rate of 33.14 % in forecast period 2025-2032.
-
Middle East & Africa Electric Vehicle Market to 2032, By Propulsion Type
- Battery Electric Vehicle (BEV) is the largest segment in Middle East & Africa Electric Vehicle Market to 2032 with a revenue of 23,684.56 USD Billion in the year 2024.
- Hybrid Electric Vehicle(HEVs) is the Fastest growing segment in Middle East & Africa Electric Vehicle Market to 2032 with a Growth rate of 32.21 % in forecast period 2025-2032.
-
Middle East & Africa Electric Vehicle Market to 2032, By Component
- Battery Cells & Packs is the largest segment in Middle East & Africa Electric Vehicle Market to 2032 with a revenue of 22,762.13 USD Billion in the year 2024.
- Battery Cells & Packs is the Fastest growing segment in Middle East & Africa Electric Vehicle Market to 2032 with a Growth rate of 33.31 % in forecast period 2025-2032.
Middle East & Africa Electric Vehicle Market Company Share Analysis
| Company Name |
|
||
| Ford Motor Company | |||
| Tesla | |||
| General Motors | |||
| Nissan Motor Co., Ltd. | |||
| TOYOTA MOTOR CORPORATION | |||
Middle East & Africa Electric Vehicle Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Electric Vehicle Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Electric Vehicle Market is segmented based on Segmentation Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component.
Middle East & Africa Electric Vehicle Market was valued at USD 44,213.79(Revenue in USD Billion) in 2021.
Middle East & Africa Electric Vehicle Market is projected to grow at a CAGR of 32.33% during the forecast period of 2024 to 2032.
The Mid-Priced segment is expected to dominate the Middle East & Africa Electric Vehicle Market, holding a largest market share of 29,192.55 USD Billion in 2024
Middle East & Africa Electric Vehicle Market Scope
Middle East & Africa Electric Vehicle Market Segmentation & Scope
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Frequently Asked Questions
The Middle East & Africa Electric Vehicle Market is segmented based on Segmentation Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component.
Middle East & Africa Electric Vehicle Market was valued at USD 44,213.79(Revenue in USD Billion) in 2021.
Middle East & Africa Electric Vehicle Market is projected to grow at a CAGR of 32.33% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Electric Vehicle Market for final year is USD 213,509.08 (USD Billion).
Middle East & Africa Electric Vehicle Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Electric Vehicle Market is segmented based on Segmentation Vehicle Type,Power Train,Class,Charging Station Type,Propulsion Type,Component.
Middle East & Africa Electric Vehicle Market was valued at USD 44,213.79(Revenue in USD Billion) in 2021.
Middle East & Africa Electric Vehicle Market is projected to grow at a CAGR of 32.33% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Electric Vehicle Market for final year is USD 213,509.08 (USD Billion).
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