Press release
Electric Vehicle Saudi Arabia | Light Electric Vehicle Saudi Arabia | Light Electric Vehicle Market in KSA: Ken Research
Type of Fleet Used: Most of the CEP companies such as UPS, DHL and Saudi Post use four-wheelers, particularly small vans, instead of two-wheelers to deliver parcels/packages in Saudi Arabia due to the unsuitable weather conditions and infrastructure of the country.
E-Mobility Solutions: Saudi Arabia and the UAE will invest nearly $50 bn in smart city projects through 2025 and most of the smart city projects such as NEOM and SPARK in KSA have a distinct focus on e-mobility solutions for residents.
Ease of operation through fixed charging hubs: Popular markets and food and beverage pick-up points are the ideal charging / swapping hubs to keep an EV or fleet ready for both last-mile goods and food deliveries. Battery swapping at hubs would also be an option that reduces charging time.
EV Infrastructure: Infrastructure plays a major role in adoption of EVs as a sufficient number of charging stations is a prerequisite for EV diffusion. The public and private sectors are reluctant to invest in charging stations as the number of EV users is still insufficient and, conversely, potential EV users hesitate from purchasing EVs due to the insufficient number of charging stations.
Government Policy: Public Investment Fund (PIF) is considering EV-related investments abroad, King Abdulaziz City for Science & Technology (KACST) is looking into EV potential in KSA. In 2018, the state-run Saudi Electric Co signed an agreement with Japanese auto giant Nissan Motor, electricity equipment firm Takaoka Toko, and Japanese utility giant Tokyo Electric Power Co to install fast-charging stations for EVs in the kingdom.
The report titled “Future Potential Market of LEVs in Last Mile Delivery Industry in KSA – Favorable Government Policies and Better Charging Infrastructure Availability to drive the LEV Sales in KSA Market” by Ken Research suggested that the Light Electric Vehicle market is further expected to grow in the near future owing to available tax benefits and convenient usage. The advent of e-commerce, food and grocery deliveries leading to a rapid increase in demand for last-mile deliveries along with the initiatives taken by the government regarding the EV Infrastructure and Policies will increase its sale in the near future. The market is expected to register a positive ten year CAGR of 4.0% in terms of last mile delivery fleets during the forecast period 2020-2030F.
Key Segments Covered in LEV Adotpion in Last Mile Delivery Market in KSA
Business Side Potential for LEVs in KSA CEP Industry
CEP Market Size
Total Number of Courier Shipments
KSA E-Commerce Landscape
E-Commerce Market Major Categories
Total Number of E-Commerce Orders
Total Number of Vehicles Deployed
Competition Scenario in KSA CEP Market
Future Projections towards Penetration of LEVs in Courier Segment
Business Side Potential for LEVs in KSA Grocery Delivery Market
KSA Online Grocery Ecosystem
KSA Online Grocery Market Size
KSA Online Grocery Market Concentration
KSA Online Grocery Market Segmentations
Total Number of Orders
Total Number of Vehicles Deployed
Competition Scenario in KSA Grocery Delivery Market
Future Projections Towards Penetration of LEVs in Grocery Delivery Segment
Business Side Potential for LEVs in KSA Food Delivery Market
Landscape of Food Delivery Companies in Saudi Arabia
KSA Online Food Delivery Market Size
Total Number of Orders
Total Number of Vehicles Deployed
Competition Scenario in KSA Food Delivery Market
Future Projections towards Penetration of LEVs in Food Delivery Segment
Key Target Audience
LEV Manufacturers
LEV Dealers/Distributors
Courier and Parcel Companies
E-Commerce Companies
Grocery Delivery Companies
Food Delivery Companies
Time Period Captured in the Report:
Historical Period: 2015-2020
Forecast Period: 2020–2030
Companies Covered:
EV Manufacturers
Tesla
BMW
Chevrolet
Renault
Hyundai
Nissan
CEP Industry
Saudi Post
Naquel Express
SMSA Express
DHL
Aramex
UPS
FedEx/TNT
Grocery Delivery Companies
Nana Direct
Zadfresh
Danube
Carrefour
Qareeb
Food Delivery Companies
Hungerstation
Careem
Jahez
Talabat
Mrsool
Key Topics Covered in the Report
Overview of Global EV Market
Genesis and Overview of KSA LEV Market
Ecosystem of Major Entities in Saudi Arabia LEV market
Charging Infrastructure for LEV Market in Saudi Arabia
Overview of KSA Last-Mile Delivery Market
Number of Orders/Shipments in KSA Last-Mile Delivery Market
Number of Fleets Deployed for Last Mile Delivery
Business Side Potential for LEVs in KSA CEP Industry including E-commerce Landscape in KSA
Business Side Potential for LEVs in KSA Grocery Delivery Market
Business Side Potential for LEVs in KSA Food Delivery Market
Regulatory Scenario and Framework in Saudi Arabia LEV Market
Opinions of Industry Experts regarding adoption of LEVs
Difference in EV costs compared to ICE vehicles- Cost Benefit Analysis
Viable Supply Chain Model for Adoption and Supplying LEVs in KSA
Current Landscape of LEV Offering in KSA
Major Deals/Transactions for LEVs in KSA
Impact of COVID 19 on EV sales
Future Analysis and Projections for LEVs in Saudi Arabia
Opportunity Analysis of an LEV in Last Mile Delivery
Case Studies for LEV Last-Mile Delivery
Recommendations / Success Factors
Research Methodology
Appendix
For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/future-potential-market-of-last-mile-levs-in-ksa/412167-100.html
Related Reports
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/electric-commercial-vehicle/332260-100.html
https://www.kenresearch.com/consumer-products-and-retail/consumer-services/last-mile-delivery/304353-95.html
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/global-peek-market-outlook-to-2025/274946-101.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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