Published Year: 2023
Fleet Management Market - A Global and Regional Analysis: Focus on Product, Application, and Country
The global fleet management market is projected to reach $41.54 billion by 2031 from $8.35...
Market Research Report
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Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Electrification and Connectivity Revolutionizing the Commercial Vehicles
1.1.3 Self-Driving Technology Redefining the Future of Commercial Fleet Operations
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Number of Patents and Country)
1.4 Regulatory Landscape
1.5 Stakeholder Analysis
1.5.1 Case Study
1.5.2 End User and Buying Criteria
1.6 Impact Analysis for Key Global Events- COVID-19, Russia/Ukraine, and Red Sea Crisis
1.7 Market Dynamics Overview
1.7.1 Market Drivers
1.7.1.1 Increased Investment in Infrastructure Development and Growing Middle-Class Income
1.7.1.2 Growth of E-Commerce and Logistics Sector
1.7.1.3 Reduction of Import Duties on Commercial Vehicles
1.7.2 Market Challenges
1.7.2.1 Development of Full Supply Chain
1.7.2.2 Stringent Regulatory Measures to Curb Carbon Emissions
1.7.3 Market Opportunities
1.7.3.1 Domestic Automotive Production to Meet Local Demand
1.7.3.2 Growing Focus on Sustainability
2.1 Application Segmentation
2.2 Application Summary
2.3 Middle East and Africa Commercial Vehicles Market (by End User)
2.3.1 Industrial
2.3.2 Mining and Construction
2.3.3 Logistics
2.3.4 Passenger Transportation
2.3.5 Others
3.1 Product Segmentation
3.2 Product Summary
3.3 Middle East and Africa Commercial Vehicles Market (by Vehicle Type)
3.3.1 Vehicle Type
3.3.1.1 Light Duty Commercial Vehicles
3.3.1.2 Medium Duty Commercial Vehicles
3.3.1.3 Heavy Duty Commercial Vehicles
3.4 Middle East and Africa Commercial Vehicles Market (by Propulsion Type)
3.4.1 Propulsion Type
3.4.1.1 IC Engine
3.4.1.2 Electric Vehicle
4.1 Regional Summary
4.2 Drivers and Restraints
4.3 Middle East and Africa
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Middle East and Africa (by Country)
4.3.6.1 Qatar
4.3.7 Application
4.3.8 Product
4.3.8.1 Saudi Arabia
4.3.9 Application
4.3.10 Product
4.3.10.1 U.A.E.
4.3.11 Application
4.3.12 Product
4.3.12.1 Kuwait
4.3.13 Application
4.3.14 Product
4.3.14.1 Oman
4.3.15 Application
4.3.16 Product
4.3.16.1 Rest-of-Middle East and Africa
4.3.17 Application
4.3.18 Product
5.1 Next Frontiers
5.2 Geographic Assessment
5.2.1 Mercedes-Benz Group AG
5.2.1.1 Overview
5.2.1.2 Top Products/Product Portfolio
5.2.1.3 Top Competitors
5.2.1.4 Target Customers
5.2.1.5 Key Personnel
5.2.1.6 Analyst View
5.2.1.7 Market Share, 2022
5.2.2 AB Volvo
5.2.2.1 Overview
5.2.2.2 Top Products/Product Portfolio
5.2.2.3 Top Competitors
5.2.2.4 Target Customers
5.2.2.5 Key Personnel
5.2.2.6 Analyst View
5.2.2.7 Market Share, 2022
5.2.3 PACCAR Inc.
5.2.3.1 Overview
5.2.3.2 Top Products/Product Portfolio
5.2.3.3 Top Competitors
5.2.3.4 Target Customers
5.2.3.5 Key Personnel
5.2.3.6 Analyst View
5.2.3.7 Market Share, 2022
5.2.4 Volkswagen AG
5.2.4.1 Overview
5.2.4.2 Top Products/Product Portfolio
5.2.4.3 Top Competitors
5.2.4.4 Target Customers
5.2.4.5 Key Personnel
5.2.4.6 Analyst View
5.2.4.7 Market Share, 2022
5.2.5 Hino Motors Ltd
5.2.5.1 Overview
5.2.5.2 Top Products/Product Portfolio
5.2.5.3 Top Competitors
5.2.5.4 Target Customers
5.2.5.5 Key Personnel
5.2.5.6 Analyst View
5.2.5.7 Market Share, 2022
5.2.6 Mitsubishi Motors Corporation
5.2.6.1 Overview
5.2.6.2 Top Products/Product Portfolio
5.2.6.3 Top Competitors
5.2.6.4 Target Customers
5.2.6.5 Key Personnel
5.2.6.6 Analyst View
5.2.6.7 Market Share, 2022
5.2.7 Dongfeng Motor Corporation Ltd.
5.2.7.1 Overview
5.2.7.2 Top Products/Product Portfolio
5.2.7.3 Top Competitors
5.2.7.4 Target Customers
5.2.7.5 Key Personnel
5.2.7.6 Analyst View
5.2.7.7 Market Share, 2022
5.2.8 Ford Motor Company
5.2.8.1 Overview
5.2.8.2 Top Products/Product Portfolio
5.2.8.3 Top Competitors
5.2.8.4 Target Customers
5.2.8.5 Key Personnel
5.2.8.6 Analyst View
5.2.8.7 Market Share, 2022
5.2.9 Nissan Motor Company Limited
5.2.9.1 Overview
5.2.9.2 Top Products/Product Portfolio
5.2.9.3 Top Competitors
5.2.9.4 Target Customers
5.2.9.5 Key Personnel
5.2.9.6 Analyst View
5.2.9.7 Market Share, 2022
5.2.10 General Motor Company
5.2.10.1 Overview
5.2.10.2 Top Products/Product Portfolio
5.2.10.3 Top Competitors
5.2.10.4 Target Customers
5.2.10.5 Key Personnel
5.2.10.6 Analyst View
5.2.10.7 Market Share, 2022
5.2.11 Toyota Motor Corporation
5.2.11.1 Overview
5.2.11.2 Top Products/Product Portfolio
5.2.11.3 Top Competitors
5.2.11.4 Target Customers
5.2.11.5 Key Personnel
5.2.11.6 Analyst View
5.2.11.7 Market Share, 2022
5.2.12 FAW Group Corporation
5.2.12.1 Overview
5.2.12.2 Top Products/Product Portfolio
5.2.12.3 Top Competitors
5.2.12.4 Target Customers
5.2.12.5 Key Personnel
5.2.12.6 Analyst View
5.2.12.7 Market Share, 2022
5.2.13 Isuzu Motors Ltd.
5.2.13.1 Overview
5.2.13.2 Top Products/Product Portfolio
5.2.13.3 Top Competitors
5.2.13.4 Target Customers
5.2.13.5 Key Personnel
5.2.13.6 Analyst View
5.2.13.7 Market Share, 2022
5.2.14 Daimler AG
5.2.14.1 Overview
5.2.14.2 Top Products/Product Portfolio
5.2.14.3 Top Competitors
5.2.14.4 Target Customers
5.2.14.5 Key Personnel
5.2.14.6 Analyst View
5.2.14.7 Market Share, 2022
5.2.15 Scania AB
5.2.15.1 Overview
5.2.15.2 Top Products/Product Portfolio
5.2.15.3 Top Competitors
5.2.15.4 Target Customers
5.2.15.5 Key Personnel
5.2.15.6 Analyst View
5.2.15.7 Market Share, 2022
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
Table 1: Market Snapshot
Table 2: Middle East and Africa Commercial Vehicles Market, Opportunities across Regions
Table 3: Application Summary (by End User)
Table 4: Middle East and Africa Commercial Vehicles Market (by Country), Thousand Units, 2022-2033
Table 5: Middle East and Africa Commercial Vehicles Market (by Country), $Million, 2022-2033
Table 6: Middle East and Africa Commercial Vehicles Market (by Application), Thousand Units, 2022-2033
Table 7: Middle East and Africa Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 8: Middle East and Africa Commercial Vehicles Market (by Vehicle Type), Thousand Units, 2022-2033
Table 9: Middle East and Africa Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 10: Middle East and Africa Commercial Vehicles Market (by Propulsion Type), Thousand Units, 2022-2033
Table 11: Middle East and Africa Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 12: Qatar Commercial Vehicles Market (by Application), Units, 2022-2033
Table 13: Qatar Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 14: Qatar Commercial Vehicles Market (by Vehicle Type), Units, 2022-2033
Table 15: Qatar Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 16: Qatar Commercial Vehicles Market (by Propulsion Type), Units, 2022-2033
Table 17: Qatar Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 18: Saudi Arabia Commercial Vehicles Market (by Application), Units, 2022-2033
Table 19: Saudi Arabia Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 20: Saudi Arabia Commercial Vehicles Market (by Vehicle Type), Units, 2022-2033
Table 21: Saudi Arabia Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 22: Saudi Arabia Commercial Vehicles Market (by Propulsion Type), Units, 2022-2033
Table 23: Saudi Arabia Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 24: U.A.E. Commercial Vehicles Market (by Application), Units, 2022-2033
Table 25: U.A.E. Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 26: U.A.E. Commercial Vehicles Market (by Vehicle Type), Units, 2022-2033
Table 27: U.A.E. Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 28: U.A.E. Commercial Vehicles Market (by Propulsion Type), Units, 2022-2033
Table 29: U.A.E. Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 30: Kuwait Commercial Vehicles Market (by Application), Units, 2022-2033
Table 31: Kuwait Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 32: Kuwait Commercial Vehicles Market (by Vehicle Type), Units, 2022-2033
Table 33: Kuwait Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 34: Kuwait Commercial Vehicles Market (by Propulsion Type), Units, 2022-2033
Table 35: Kuwait Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 36: Oman Commercial Vehicles Market (by Application), Units, 2022-2033
Table 37: Oman Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 38: Oman Commercial Vehicles Market (by Vehicle Type), Units, 2022-2033
Table 39: Oman Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 40: Oman Commercial Vehicles Market (by Propulsion Type), Units, 2022-2033
Table 41: Oman Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 42: Rest-of-Middle East and Africa Commercial Vehicles Market (by Application), Thousand Units, 2022-2033
Table 43: Rest-of-Middle East and Africa Commercial Vehicles Market (by Application), $Million, 2022-2033
Table 44: Rest-of-Middle East and Africa Commercial Vehicles Market (by Vehicle Type), Thousand Units, 2022-2033
Table 45: Rest-of-Middle East and Africa Commercial Vehicles Market (by Vehicle Type), $Million, 2022-2033
Table 46: Rest-of-Middle East and Africa Commercial Vehicles Market (by Propulsion Type), Thousand Units, 2022-2033
Table 47: Rest-of-Middle East and Africa Commercial Vehicles Market (by Propulsion Type), $Million, 2022-2033
Table 48: Market Share, 2022
Figure 1: Middle East and Africa Commercial Vehicles Market (by Region), $Million, 2022, 2026, and 2033
Figure 2: Middle East and Africa Commercial Vehicles Market (by Application), $Million, 2022, 2026, and 2033
Figure 3: Middle East and Africa Commercial Vehicles Market (by Vehicle Type), $Million, 2022, 2026, and 2033
Figure 4: Middle East and Africa Commercial Vehicles Market (by Propulsion Type), $Million, 2022, 2026, and 2033
Figure 5: Commercial Vehicles Market, Recent Developments
Figure 6: Electric Bus and Truck Registration for FY2022
Figure 7: Supply Chain and Risks within the Supply Chain
Figure 8: Value Chain Analysis
Figure 9: Patent Analysis (by Number of Patents), January 2020-December 2023
Figure 10: Patent Analysis (by Country), January 2020-December 2023
Figure 11: Impact Analysis of Market Navigating Factors, 2023-2033
Figure 12: Qatar Commercial Vehicles Market, $Million, 2022-2033
Figure 13: Saudi Arabia Commercial Vehicles Market, $Million, 2022-2033
Figure 14: U.A.E. Commercial Vehicles Market, $Million, 2022-2033
Figure 15: Kuwait Commercial Vehicles Market, $Million, 2022-2033
Figure 16: Oman Commercial Vehicles Market, $Million, 2022-2033
Figure 17: Rest-of-Middle East and Africa Commercial Vehicles Market, $Million, 2022-2033
Figure 18: Strategic Initiatives, 2020-2023
Figure 19: Share of Strategic Initiatives, 2020-2023
Figure 20: Data Triangulation
Figure 21: Top-Down and Bottom-Up Approach
Figure 22: Assumptions and Limitations
Middle East and Africa (MEA) Commercial Vehicles Market Report Coverage
|
Middle East and Africa (MEA) Commercial Vehicles Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$38,480.2 Million |
|
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$93,258.3 Million |
| CAGR During Forecast Period | 9.26% |
Number of Pages |
113 |
| Number of Tables | 48 |
Number of Figures |
22 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company annual reportings, product portfolio, and market penetration.
Some prominent names established in this market are:
• Daimler AG
• Toyota Motor Corporation
• AB Volvo
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different vehicle and propulsion types. Moreover, the study provides the reader with a detailed understanding of the Middle East and Africa commercial vehicles market based on the end user.
Growth/Marketing Strategy: The Middle East and Africa commercial vehicles market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the Middle East and Africa commercial vehicles market.
Competitive Strategy: Key players in the Middle East and Africa commercial vehicles market analyzed and profiled in the study involve commercial vehicle manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the Middle East and Africa commercial vehicles market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Middle East and Africa Commercial Vehicles Market: Industry Overview
The Middle East and Africa commercial vehicles market is in a growing phase, showcasing a broad spectrum of vehicles, including light commercial vehicles, heavy trucks, and buses. This market is shaped by economic growth, infrastructural advancements, urbanization, and stringent regulatory mandates, fostering demand for commercial vehicles. Conversely, challenges such as economic instability, regulatory discrepancies, and infrastructural limitations pose hurdles to growth.
Technological innovation is at the forefront, with sustainability driving interest in electric and hybrid vehicles, alongside alternative fuels such as CNG and LNG, to curb emissions and reduce reliance on oil. Connectivity and telematics advancements are enhancing fleet management efficiency and safety. Although the technology of autonomous vehicles is in nascent stages, it promises to transform logistics, enhancing safety and reducing costs. Safety innovations, particularly advanced driver assistance system (ADAS), are increasingly prevalent, aiming to diminish accident rates. Moreover, the Middle East and Africa commercial vehicles market is set for expansion, driven by economic and urban development alongside infrastructural projects. Technological evolution, emphasizing sustainability and efficiency, will be crucial. Manufacturers adept in navigating this changing landscape, particularly those aligned with technological and regulatory trends, are poised for success.
Market Lifecycle Stage
The Middle East and Africa commercial vehicles market, based on indicators such as market growth, competition levels, innovation, and customer adoption, seems to be in its maturity stage. Characterized by rapid market expansion, increasing customer adoption, high levels of product innovation, and growing number of competitors. The presence of a wide range of companies with varying market shares suggests that the market is beyond the initial introduction phase and could be experiencing growth. Factors supporting this might include increasing demand for commercial vehicles driven by economic expansion, infrastructure development, and urbanization in these regions. However, the presence of well-established players with significant market shares suggests a level of maturity as well.
Industrial Impact
The Middle East and Africa commercial vehicles market has seen notable growth and transformation, significantly impacting the industrial landscape of the region. This growth is driven by various factors, including increased infrastructure development, rising demand in logistics and transportation sectors, and governmental initiatives aimed at economic diversification away from oil dependency, particularly in the Gulf Cooperation Council (GCC) countries. The market's expansion has spurred investments in vehicle manufacturing, assembly plants, and automotive supply chain, creating numerous employment opportunities and fostering skill development. Additionally, there's a growing emphasis on sustainability, with a shift toward electric and hybrid commercial vehicles to reduce carbon emissions and comply with environmental standards. This transition not only aligns with sustainability trends but also opens up new avenues for innovation and investment in green technologies within the region, further diversifying its industrial base and contributing to its economic resilience.
Market Segmentation
Segmentation 1: by End User
• Industrial
• Mining and Construction
• Logistics
• Passenger Transportation
• Others
Segmentation 2: by Vehicle Type
• Light Duty Commercial Vehicles
• Medium Duty Commercial Vehicles
• Heavy Duty Commercial Vehicles
Segmentation 3: by Propulsion Type
• IC Engine
• Electric Vehicles
Recent Developments in the Middle East and Africa Commercial Vehicles Market
• Zhengzhou Yutong Bus Co., Ltd., a China-based manufacturer of commercial vehicles, in 2021, introduced its latest EV battery safety technology.
• In December 2022, Admiral Mobility, manufacturer of electric commercial vehicles, announced to import 5,000 Geely Farizon electric commercial vehicles to the Middle East.
• In May 2022, Daimler AG Commercial Vehicles MENA FZE (DCV MENA) announced the launch and availability of the benchmark-setting Mercedes-Benz Econic trucks across the Middle East and North Africa.
• In March 2023, AB Volvo delivered its first heavy electric truck in the Middle East and Africa. The customer is the automotive waste collection company Arma, and this is the first heavy battery-electric truck from a global manufacturer to be in commercial operation in Africa.
Demand – Drivers and Limitations
The following are the demand drivers for the Middle East and Africa commercial vehicles market:
• Growth of E-Commerce and Logistics Sector
• Increased Investment in Infrastructure Development and Growing Middle-Class Income
The market is expected to face some limitations as well due to the following challenges:
• Development of Full Supply Chain
• Stringent Regulatory Measures to Curb Carbon Emissions
Analyst Thoughts
According to Debraj Chakraborty, Principal Analyst, BIS Research, “The Middle East and Africa commercial vehicles market holds significant potential and growth, primarily due to increasing infrastructure development, economic diversification, and burgeoning e-commerce sector. Additionally, the adoption of advanced technologies such as autonomous driving and IoT in vehicles is expected to revolutionize the commercial vehicle sector, enhancing operational efficiencies and safety. The market's growth is also seen as a catalyst for job creation, skill development, and stimulation of ancillary industries, contributing to the overall development in the Middle East and Africa commercial vehicles market.”
Middle East and Africa Commercial Vehicles Market
Focus on End Use, Vehicle Type, Propulsion Type, and Country-Level Analysis
Some Faq's
Frequently Asked Questions
The demand for commercial vehicles in the Middle East and Africa is primarily fueled by the expansion of the e-commerce and logistics industry, significant investments in infrastructure projects, and rise in middle-class income levels. Additionally, the reduction of import duties on commercial vehicles has made them more accessible, further boosting market growth. Together, these factors create a robust environment for the commercial vehicle sector in these regions.
The supply chain in the Middle East and Africa commercial vehicles market operates through a network of manufacturers, distributors, and dealers that ensure the availability of vehicles across various segments. The demand for commercial vehicles is mainly supported through imports; key components are often imported and then assembled locally or distributed directly to the market. The presence of aftermarket services ensures ongoing maintenance and parts supply, which is crucial for the longevity of commercial vehicles in these regions. This system supports both local economies and the broader commercial vehicle ecosystem.
The most popular types of commercial vehicles in the Middle East and Africa include light commercial vehicles (LCVs) such as vans and pickup trucks, heavy trucks, buses, and coaches. The preference for each type varies based on specific regional needs, such as transportation of goods, construction projects, or passenger conveyance.
Yes, electric and hybrid commercial vehicles are gradually gaining popularity in the Middle East and Africa, driven by growing environmental awareness, government incentives, and advancements in technology. While adoption rates are currently lower compared to traditional vehicles, the trend toward cleaner and more sustainable transportation solutions is expected to accelerate in the coming years.
The following can be termed as some of the USPs of the report:
• Extensive competitive benchmarking of 15 key players to offer a holistic view of the Middle East and Africa commercial vehicles market landscape
• Investment landscape, including product adoption scenario, funding, and patent analysis
The companies that produce and commercialize commercial vehicles, end-user sectors, research institutions, and regulatory bodies involved in the Middle East and Africa commercial vehicles market should buy this report.
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