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Saudi Arabia Four Wheeler Battery Market
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Saudi Arabia Four Wheeler Battery Market

Home Energy And Power Saudi Arabia Four Wheeler Battery Market

Saudi Arabia Four Wheeler Battery Market, By Vehicle Type (Sedan, Hatchback, SUV, Others); By Type (EV, Starter); By Battery Type (Lead Acid, Lithium-Ion, Others); By Capacity (Less than 50 Ah, 51-75 Ah, Above 75 Ah); By Channel (OEM, Aftermarket), Trend Analysis, Competitive Market Share & Forecast, 2018–2028

  • Published Date: September 2022
  • Report ID: BWC22359
  • Available Format: PDF
  • Page: 114

Report Overview

An increasing adoption rate of battery-powered vehicles, due to growing eco-consciousness and convenient transportation, could help in the expansion of Saudi Arabia four wheeler battery market.

Saudi Arabia Four Wheeler Battery Market - Industry Trends & Forecast Report 2028

Saudi Arabia Four Wheeler Battery Market- Overview

When it comes to shared mobility, logistics, and transportation, Four Wheelers are among the most popular vehicles in Saudi Arabia. These cars have powerful, dynamic engines that are well suited for higher acceleration thanks to their high horsepower. As a result, starting the engines on these cars requires a lot of power, which is produced by the battery. People are adopting battery-powered vehicles nowadays due to growing eco-consciousness, which boasts the nation's sales of automotive batteries.

Saudi Arabia Four Wheeler Battery Market - Industry Trends and Market Forecast

During the projected period (2022–2028), Saudi Arabia four wheeler battery market is expected to expand at a CAGR of 11.9%, reaching a market size of USD 894.8 million by 2028, due to the country's rapidly expanding four wheeler fleet size.

Growth Drivers

Increasing Sales of Electric Four Wheelers

Major factors propelling the growth of the Saudi Arabia Four Wheeler Battery Market are rising sales of electric vehicles, technological improvements in battery technology, and growing e-commerce penetration. Consumers' great spending power makes it possible for them to live high-quality lives. Demand for four-wheeled cars in the country is driven by consumers' growing preference for private vehicle ownership and simple financing alternatives.

Restraints

High Dependence on Imports

Lack of domestic production facilities and a heavy reliance on battery imports may limit the growth of the Saudi Arabia Four Wheeler Battery industry.

Segmental Coverage

Saudi Arabia Four Wheeler Battery Market - By Vehicle Type

The market is divided into passenger automobiles and light commercial vehicles based on the kind of vehicle. The passenger cars segment currently holds a higher market share and is expected to continue its dominance during the forecast period. The country's passenger car sales are being driven by a surge in the demand for luxury vehicles for leisure activities as well as the introduction of new models with improved fuel efficiency, performance, and novel features.

Saudi Arabia Four Wheeler Battery Market - By Battery Type

By battery type, the market is divided into lead-acid, lithium-ion, and other categories. The lead-acid batteries were the most popular type and are expected to continue to be so throughout the forecast period. Lead-acid batteries make up the majority of the starter batteries in cars. They take less time to recharge, are inexpensive, easily rechargeable, and produce high power.

Saudi Arabia Four Wheeler Battery Market - By Capacity

Less than 50 Ah, 51-75 Ah, and beyond 75 Ah are the market segments based on battery capacity. Due to the significant number of vehicles with battery capacities in this range, above 75 Ah is projected to dominate the market during the forecast period.

Impact of COVID-19 on Saudi Arabia Four Wheeler Battery Market

In Saudi Arabia, the COVID-19 pandemic caused crises in both imports and exports. The total exports of Saudi Arabia decreased by 21.9% in the first quarter of 2020 compared to the same period in 2019, according to the General Authority of Statistics in Saudi Arabia. Imports, on the other hand, showed a decrease of 11.9% from the same time in 2019. In the second quarter of 2020, imports fell by 24.2% from the second quarter of 2019. The pandemic had a significant negative effect on the Saudi Arabia Four Wheeler Battery Market.

Regional Insights

The Central region in Saudi Arabia, where major cities such as Riyadh, Jeddah, Makkah, and Medina are located, is expected to continue its leadership position in the country’s four wheeler battery market.

Competitive Landscape

PT. Nipress, Hankook & Company Co., Ltd., Exide Industries Ltd, Middle East Battery Company, CSB Energy Technology Co., Ltd., Tbk, Varta AG Group, Amara Raja Batteries Limited, Leoch International Technology Limited, Robert Bosch Gmbh, and GS Yuasa International Ltd, are major players operating in the Saudi Arabia Four Wheeler Battery market. They are investing in innovations and strategic decisions, such as mergers and partnerships.

Scope of the Report

Attributes  Details
Years Considered Historical data – 2018–2021
Base Year – 2021
Estimated Year – 2022
Forecast – 2022–2028
Facts Covered Revenues in USD million
Product/Service Segmentation By Vehicle Type, By Type, By Battery Type, By Capacity, By Channel
Key Players PT. Nipress, Hankook & Company Co., Ltd., Exide Industries Ltd, Middle East Battery Company, CSB Energy Technology Co., Ltd., Tbk, Varta AG Group, Amara Raja Batteries Limited, Leoch International Technology Limited, Robert Bosch Gmbh, GS Yuasa International Ltd., and other prominent players 

 

By Vehicle Type

  • Sedan
  • Hatchback
  • SUV
  • Others

By Type

  • EV
  • Starter

By Battery Type

  • Lead Acid
  • Lithium-Ion
  • Others

By Capacity

  • Less than 50 Ah
  • 51-75 Ah
  • Above 75 Ah

By Channel

  • OEM
  • Aftermarket

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Saudi Arabia Four Wheeler Battery Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. PESTEL Analysis
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Saudi Arabia Four Wheeler Battery Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Vehicle Type
        1. Sedan
        2. Hatchback
        3. SUV
        4. Others
      2. By Type
        1. EV
        2. Starter
      3. By Battery Type
        1. Lead Acid
        2. Lithium-Ion
        3. Others
      4. By Capacity
        1. Less than 50 Ah
        2. 51-75 Ah
        3.  Above 75 Ah
      5. By Channel
        1. OEM
        2. Aftermarket
  6. Competitive Landscape
    1. List of Key Players and their Offerings
    2. Players’ Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Business Expansion, Agreement, Partnership and Product Launch)
  7. Impact of COVID-19 on Saudi Arabia Four Wheeler Battery Industry
  8. Saudi Arabia Four Wheeler Battery Industry Opportunity and Assessment
  9. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. PT. Nipress
    2. Hankook & Company Co., Ltd.
    3. Exide Industries Ltd
    4. Middle East Battery Company
    5. CSB Energy Technology Co., Ltd.
    6. Tbk, Varta AG Group
    7. Amara Raja Batteries Limited
    8. Leoch International Technology Limited
    9. Robert Bosch Gmbh
    10. GS Yuasa International Ltd.
    11. Other Prominent Players

 

  1. Key Strategic Recommendations

Note:

  • Financial Information of non-listed companies will be provided as per the availability
  • The segmentation and the companies are subjected to modification based on in-depth secondary for the final deliverable.

 

List of Figures

 

Figure 1           Saudi Arabia Four Wheeler Battery Segmentation

Figure 2           Saudi Arabia Four Wheeler Battery Market Value Chain Analysis

Figure 3           Company Market Share Analysis, 2021

Figure 4           Saudi Arabia Four Wheeler Battery Market Size, By Value (USD Million), 2018-2028

Figure 5           Saudi Arabia Four Wheeler Battery Market Share, By Vehicle Type, By Value, 2018-2028

Figure 6           Saudi Arabia Four Wheeler Battery Market Share, By Type, By Value, 2018-2028

Figure 7           Saudi Arabia Four Wheeler Battery Market Share, By Battery Type, By Value, 2018-2028

Figure 8           Saudi Arabia Four Wheeler Battery Market Share, By Capacity, By Value, 2018-2028

Figure 9           Saudi Arabia Four Wheeler Battery Market Share, By Channel, By Value, 2018-2028

 

List of Tables

 

Table 1            Saudi Arabia Four Wheeler Battery Market Size, By Vehicle Type, By Value, 2018-2028

Table 3            Saudi Arabia Four Wheeler Battery Market Size, By Type, By Value, 2018-2028

Table 4            Saudi Arabia Four Wheeler Battery Market Size, By Battery Type, By Value, 2018-2028

Table 5            Saudi Arabia Four Wheeler Battery Market Size, By Capacity, By Value, 2018-2028

Table 6            Saudi Arabia Four Wheeler Battery Market Size, By Channel, By Value, 2018-2028

Table 7     PT. Nipress Company Overview

Table 8     PT. Nipress Financial Overview

Table 9     Hankook & Company Co., Ltd. Company Overview

Table 10  Hankook & Company Co., Ltd. Financial Overview

Table 11  Exide Industries Ltd Company Overview

Table 12  Exide Industries Ltd Financial Overview

Table 13  Middle East Battery Company Overview

Table 14  Middle East Battery Company Financial Overview

Table 15  CSB Energy Technology Co., Ltd. Company Overview

Table 16  CSB Energy Technology Co., Ltd. Financial Overview

Table 17  Tbk, Varta AG Group Company Overview

Table 18  Tbk, Varta AG Group Financial Overview

Table 19  Amara Raja Batteries Limited Company Overview

Table 20  Amara Raja Batteries Limited Financial Overview

Table 21  Leoch International Technology Limited Company Overview

Table 22  Leoch International Technology Limited Financial Overview

Table 23  Robert Bosch Gmbh Company Overview

Table 24  Robert Bosch Gmbh Financial Overview

Table 25  GS Yuasa International Ltd. Company Overview

Table 26  GS Yuasa International Ltd. Financial Overview

Market Segmentation

By Vehicle Type

  • Sedan
  • Hatchback
  • SUV
  • Others

By Type

  • EV
  • Starter

By Battery Type

  • Lead Acid
  • Lithium-Ion
  • Others

By Capacity

  • Less than 50 Ah
  • 51-75 Ah
  • Above 75 Ah

By Channel

  • OEM
  • Aftermarket
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Frequently Asked Questions (FAQs):

Ans: The central region is the most dominant in the Saudi Arabia Four Wheeler Battery Market.
Ans: A major growth factor for the Saudi Arabia Four Wheeler Battery Market is an increased demand for fleets combined with eco-friendly environmental transport alternatives.
Ans: Saudi Arabia Four Wheeler Battery Market size was USD 410.1 million by 2021.
Ans: The key players in the Saudi Arabia Four Wheeler Battery Market are PT. Nipress, Hankook & Company Co., Ltd., Exide Industries Ltd, Middle East Battery Company, CSB Energy Technology Co., Ltd., Tbk, Varta AG Group, Amara Raja Batteries Limited, Leoch International Technology Limited, Robert Bosch Gmbh, and GS Yuasa International Ltd.