Saudi Arabia Four Wheeler Battery Market, By Type, By Vehicle Type, By Battery Type, By Battery Capacity By Region, Forecast & Competition, Opportunities, 2017- 2027
- February 2022 •
- 85 pages •
- Report ID: 6240538 •
- Format: PDF
The Saudi Arabia four wheeler battery market is valued at USD390.75 million in 2021 and is anticipated to grow at a CAGR of 10.72% in the forecast period, 2023-2027. Increasing sales of electric vehicles, technological advancements in battery technology, and high penetration of the e-commerce industry are the key factors driving the growth of Saudi Arabia Four Wheeler battery market.
The high expenditure capacity of consumers enables them to afford a quality lifestyle.Growing preference of consumers for private vehicle ownership and easy financing options to purchase vehicles fuel the demand for four wheeler vehicles in the country.
Batteries are installed in vehicles to power the ignition system and therefore plays a crucial role in starting the car.Saudi Arabia witness high temperatures throughout the year.
The batteries get adversely affected as while driving at high temperatures, the rate of fuel loss is extremely high.Also, passengers prefer to keep the AC on while driving the cars to combat the warm weather and have a pleasant driving experience.
AC takes the energy from batteries to keep functioning for a long time. Therefore, batteries need frequent replacement to maintain the performance of cars and enhance the driving experience for consumers, which is expected to influence the Saudi Arabia four wheeler battery demand positively.
The Saudi Arabia four wheeler battery market is segmented based on type, vehicle type, battery type, battery capacity, region, and company.On the basis of type, the market is divided into starter battery and EV battery.
The starter battery is expected to hold the largest market share in the forecast period owing to high sales of four wheeler vehicles and the launch of advanced batteries in the market.
Some of the major players operating in the Saudi Arabia four wheeler battery market are Middle East Battery Company, Exide Industries Ltd, Hankook & Company Co., Ltd., PT. Nipress, Tbk, Varta AG Group, CSB Energy Technology Co., Ltd., Leoch International Technology Limited Inc, GS Yuasa International Ltd., Robert Bosch Gmbh, and Amara Raja Batteries Limited.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
• To analyze the historical growth of the market size of Saudi Arabia four wheeler battery market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia four wheeler battery market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast Saudi Arabia four wheeler battery market based on vehicle type, tire construction type, price segment, region, and company.
• To identify dominant region or segment in the Saudi Arabia four wheeler battery market.
• To identify drivers and challenges for Saudi Arabia four wheeler battery market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia four wheeler battery market.
• To identify and analyze the profile of leading players operating in Saudi Arabia four wheeler battery market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia four wheeler battery market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of Saudi Arabia four wheeler tire battery market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Four wheeler battery manufacturers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to four wheeler battery market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia four wheeler battery market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Saudi Arabia Four Wheeler Battery Market, By Type:
o Starter Battery
o EV Battery
• Saudi Arabia Four Wheeler Battery Market, By Vehicle Type:
o Passenger Car
• Saudi Arabia Four Wheeler Battery Market, By Battery Type:
o Lead Acid
o Lithium Ion
• Saudi Arabia Four Wheeler Battery Market, By Battery Capacity:
o Less than 50 Ah
o 51-75 Ah
o Above 75 Ah
• Saudi Arabia Four Wheeler Battery Market, By Region:
o Central Region
o Western Region
o Eastern Region
o Southern Region
o Northern Region
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia four wheeler battery market
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).