Report Description

Saudi Arabia Automotive Battery Market is anticipated to grow at decent CAGR in terms of value during the forecast period by 2028. Rapidly increasing number of passenger car, two-wheeler, light commercial vehicle escalating fleet size across the country to drive the Saudi Arabia Automotive Battery Market in the upcoming years.

In Saudi Arabia, passenger car and are the most preferable vehicles in terms of shared mobility, logistics, and travelling. Passenger cars has the high horsepower in combination with dynamic engines, due to which these are suited for higher accelerations. Therefore, high power for the initiation of engine is generated by the battery. Nowadays, people are adopting battery powered vehicles due to the concern of the environment which is further resulting in increasing the sales of automotive battery in the country.

 

The spread of COVID-19 pandemic has created both import and export crisis in Saudi Arabia. According to the Saudi Arabia’s General Authority of Statistics, the total exports of the country in the first quarter of 2020, showed a decline of 21.9% as compared to Q1 2019. Imports on the other hand, showed a decline of 11.9% as compared to the same period of 2019. In Q2 2020, imports in the country shows a decline of 24.2% as compared to Q2 2019. Saudi Automotive Battery Market, being an import driven market, witnessed a negative impact from the pandemic.

 

Rising Online Sales

Growing internet usage has altered business strategies for several industries throughout time, including the automobile battery sector. A significant component in the demand-supply cycle, the e-commerce sector now offers customers home delivery of a wide range of products. The e-commerce platform is being used by the car industry to increase sales across a wide range of countries. The battery market in Saudi Arabia is served by several significant online retailers. In the purview, Online battery shopping is anticipated to grow over the forecast period.

 

Penetration Of Chinese Players

A few prominent Chinese battery manufacturers are entering the Saudi Arabia market for batteries because of the significant growth in the number of country's vehicle. The rising need for affordable batteries is a key factor in the expansion of Chinese batteries in the area. All battery makers have an equal chance to profit from the rising battery demand in Saudi Arabia because the country's automotive battery market is entirely import-driven. Numerous well-known battery firms in Saudi Arabia are contending with fierce rivalry as Chinese automobile batteries become more widely used. In addition, Chinese batteries are less expensive than premium batteries, which is increasing demand for them. By entry of Chinese brands battery in the Saudi Arabia market the demand of battery is get fulfilled easily and it is driving the market in a positive way.

 

Government Initiatives

Government initiatives in Saudi Arabia may help to advance the use of electric vehicles there. For the first EV pilot project in Saudi Arabia, the Saudi Electricity Company has agreements with Takaoka Tokyo, Nissan Motor, and Tokyo Electric Power Company. This agreement enables the construction of fast-charging facilities for electric vehicles. Most recently, Saudi Arabia and the UK signed a Memorandum of Understanding (MoU) to cut carbon emissions and support Saudi Vision 2028, which calls for at least 30% electrified passenger cars. The memorandum of understanding commits the two nations to sharing knowledge and working together to create technologies, such as smart grids, which will afterwards fuel the rise of car batteries.

Technological Advancement

Lithium-ion batteries charge more quickly and last longer than conventional battery technology. Lithium-ion batteries are lighter and have a greater power density and battery life. When compared to other traditional batteries like nickel-metal hydride and lead-acid batteries, the lithium-ion battery for automobiles has emerged as an environmentally friendly and rechargeable energy source. The market is expected to increase at the fastest rate in the coming years. It is because, lithium-ion batteries last longer between replacements due to the superior plate technology. Many battery manufacturers have started to invest in the research and development department in order to develop the battery technology for the reduction of battery prices, which will help in the reduction of overall price of vehicles. By the reduction in price of battery the adoption of the battery in the aftermarket will increase with time, this is expected to drive the Saudi Arabia automotive battery market in the coming years.


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Market Segmentation

The Saudi Arabia Automotive Battery Market is segmented based on type, vehicle type, battery type, battery capacity, region and company. Based on type, the market is further divided into starter battery and EV battery. Based on vehicle type the market is segmented into passenger cars, two-wheeler, and light commercial vehicle. Based on the battery type, the market is further segmented into lead acid, lithium ion, and others. Based on the battery capacity, the market is further segmented into Less than 50 Ah, 51-75 Ah, and above 75 Ah. Saudi Arabia Automotive Battery Market analysis studies the regional segmentation to devise region market segmentation, divided among Central Region, Western Region, Eastern Region, Southern Region, and Northern Region.

Company Profiles

Some of the major players which are operating in Saudi Arabia Automotive 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, Amara Raja Batteries Limited. are the major key players which are operating in the market. These players are spending on innovations to bring out a sound return on their investment. Additionally, advance strategic moves, such as many automotive battery manufacturers have opened there show room at different location and has increased there distribution network to reach out more and more customers across the country.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Type

By Vehicle Type

By Battery Type

By Battery Capacity

By Region

Key Companies Profiled

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, Amara Raja Batteries Limited.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Saudi Arabia Automotive Battery Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Automotive Battery Market, By Type:
    • Starter Battery
    • EV Battery
  • Saudi Arabia Automotive Battery Market, By Vehicle Type:
    • Passenger Car
    • Two-Wheeler
    • Light Commercial Vehicle
  • Saudi Arabia Automotive Battery Market, By Battery Type:
    • Lead Acid
    • Lithium Ion
    • Others
  • Saudi Arabia Automotive Battery Market, By Battery Capacity:
    • Less than 50 Ah
    • 51-75 Ah
    •  Above 75 Ah
  • Saudi Arabia Automotive Battery Market1, By Region:
    • Central Region
    • Western Region
    • Eastern Region
    • Southern Region
    • Northern Region 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Automotive Battery Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Automotive Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Saudi Arabia Automotive Battery Market

4.1.  Impact Assessment Model      

4.1.1.     Key Segments Impacted

4.1.2.     Key Regions Impacted

4.1.3.     Key Countries Impacted

4.1.4.     Key Distribution Channel Impacted

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Saudi Arabia Automotive Battery Outlook

Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Starter Battery, EV Battery)

6.2.2.     By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicle)

6.2.3.     By Battery Type (Lead Acid, Lithium Ion, Others)

6.2.4.     By Battery Capacity (Less than 50 Ah, 51-75 Ah, Above 75 Ah)

6.2.5.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

6.2.6.     By Company (2022)

6.3.  Saudi Arabia Smart Tire Market Mapping and Opportunities

6.3.1.               Market Mapping and opportunity By Type

6.3.2.               Market Mapping and opportunity By Vehicle Type

6.3.3.               Market Mapping and opportunity By Battery Type

6.3.4.               Market Mapping and opportunity By Battery Capacity

6.3.5.               Market Mapping and opportunity By Region

7.    Saudi Arabia Passenger Car Automotive Battery Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume and Value

7.2.  Market Share & Forecast

7.2.1.     By Type (Starter Battery, EV Battery)

7.2.2.     By Battery Type (Lead Acid, Lithium Ion, Others)

7.2.3.     By Battery Capacity (Less than 50 Ah, 51-75 Ah, Above 75 Ah)

7.2.4.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

7.3.  Saudi Arabia Passenger Car Smart Tire Market Mapping and Opportunity

7.3.1.               Market Mapping and opportunity By Type

7.3.2.               Market Mapping and opportunity By Battery Type

8.    Saudi Arabia Two-Wheeler Automotive Battery Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By Type (Starter Battery, EV Battery)

8.2.2.     By Battery Type (Lead Acid, Lithium Ion, Others)

8.2.3.     By Battery Capacity (Less than 50 Ah, 51-75 Ah, Above 75 Ah)

8.2.4.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

8.3.  Saudi Arabia Passenger Car Smart Tire Market Mapping and Opportunity

8.3.1.               Market Mapping and opportunity By Type

8.3.2.               Market Mapping and opportunity By Battery Type

9.    Saudi Arabia Light Commercial Vehicle Automotive Battery Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By Type (Starter Battery, EV Battery)

9.2.2.     By Battery Type (Lead Acid, Lithium Ion, Others)

9.2.3.     By Battery Capacity (Less than 50 Ah, 51-75 Ah, Above 75 Ah)

9.2.4.     By Region (Central Region, Western Region, Eastern Region, Southern Region, Northern Region)

9.3.  Saudi Arabia Passenger Car Smart Tire Market Mapping and Opportunity

9.3.1.               Market Mapping and opportunity By Type

9.3.2.               Market Mapping and opportunity By Battery Type

10.  Market Dynamics

10.1.              Drivers

10.1.1.  Stringent Government Policies

10.1.2.  Upsurge in Adoption of Electric Vehicle

10.2.              Challenges

10.2.1.1.      High Threats in Battery Quality

10.2.1.2.      Reliability Issues Faced by Battery Vehicle Owner

11.  Market Trends & Developments

11.1.              Increasing Fleet Of size vehicles

11.2.              Development In Battery Technology

11.3.              Growing Market Penetration Due to Addition of Market Players

12.  Porter’s Five Forces Model

12.1.              Competition Landscape

12.2.              Buyer Power

12.3.              Supplier Power

12.4.              Threat of New Entrants

12.5.              Threat of Substitutes

13.  Policy & Regulatory Landscape

14.  Supply Chain Analysis

15.  Saudi Arabia Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.1.1.  Middle East Battery Company

16.1.1.1.      Company Details

16.1.1.2.      Products & Services

16.1.1.3.      Financial (As Reported)

16.1.1.4.      Key Market Focus & Geographical Presence

16.1.1.5.      Recent Development

16.1.1.6.      Key Management Personnel

16.1.2.  Exide Industries Ltd

16.1.2.1.      Company Details

16.1.2.2.      Products & Services

16.1.2.3.      Financial (As Reported)

16.1.2.4.      Key Market Focus & Geographical Presence

16.1.2.5.      Recent Development

16.1.2.6.      Key Management Personnel

16.1.3.  Hankook & Company Co., Ltd.

16.1.3.1.      Company Details

16.1.3.2.      Products & Services

16.1.3.3.      Financial (As Reported)

16.1.3.4.      Key Market Focus & Geographical Presence

16.1.3.5.      Recent Development

16.1.3.6.      Key Management Personnel

16.1.4.  PT Nipress, Tbk

16.1.4.1.      Company Details

16.1.4.2.      Products & Services

16.1.4.3.      Financial (As Reported)

16.1.4.4.      Key Market Focus & Geographical Presence

16.1.4.5.      Recent Development

16.1.4.6.      Key Management Personnel

16.1.5.  Varta AG Group

16.1.5.1.      Company Details

16.1.5.2.      Products & Services

16.1.5.3.      Financial (As Reported)

16.1.5.4.      Key Market Focus & Geographical Presence

16.1.5.5.      Recent Development

16.1.5.6.      Key Management Personnel

16.1.6.  CSB Energy technology Co. Ltd

16.1.6.1.      Company Details

16.1.6.2.      Products & Services

16.1.6.3.      Financial (As Reported)

16.1.6.4.      Key Market Focus & Geographical Presence

16.1.6.5.      Recent Development

16.1.6.6.      Key Management Personnel

16.1.7.  Leoch International Technology Limited Inc

16.1.7.1.      Company Details

16.1.7.2.      Products & Services

16.1.7.3.      Financial (As Reported)

16.1.7.4.      Key Market Focus & Geographical Presence

16.1.7.5.      Recent Development

16.1.7.6.      Key Management Personnel

16.1.8.  GS Yuasa International Ltd

16.1.8.1.      Company Details

16.1.8.2.      Products & Services

16.1.8.3.      Financial (As Reported)

16.1.8.4.      Key Market Focus & Geographical Presence

16.1.8.5.      Recent Development

16.1.8.6.      Key Management Personnel

16.1.9.  Robert Bosch Gmbh

16.1.9.1.      Company Details

16.1.9.2.      Products & Services

16.1.9.3.      Financial (As Reported)

16.1.9.4.      Key Market Focus & Geographical Presence

16.1.9.5.      Recent Development

16.1.9.6.      Key Management Personnel

16.1.10.                Amara Raja Batteries Limited

16.1.10.1.    Company Details

16.1.10.2.    Products & Services

16.1.10.3.    Financial (As Reported)

16.1.10.4.    Key Market Focus & Geographical Presence

16.1.10.5.    Recent Development

16.1.10.6.    Key Management Personnel

17.  Strategic Recommendations/Action Plan

17.1.              Key Focus Areas

17.2.              Target Regions & Countries

17.3.              Target Type

17.4.              Target Category

18.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Passenger car has the highest market share in Saudi Arabia automotive battery market, as the people in Saudi Arabia use the passenger car as shared mobility service. Thus, it led to increase in demand of passenger cars in Saudi Arabia automotive battery market.

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Saudi Arabia Automotive Battery Market is driven by the technological advancement, various government initiatives for the sales of vehicles which accelerate the sales of battery in the Saudi Arabia automotive market.

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The top 10 players in the Saudi Arabia Automotive 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, Amara Raja Batteries Limited.

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Rising number of electric vehicles, new technology in battery, customization in car increases the use of battery, increasing use of power steering system, automatic emergency braking system, and use of battery in remote parking and exit systems are the major trends in the Saudi Arabia Automotive Battery Market.

profile

Srishti Verma

Business Consultant
Press Release

Saudi Arabia Automotive Battery Market to be Led by Passenger Car Segment

Jan, 2023

Rising vehicles fleet has led the demand of battery in the aftermarket, which is driving the Saudi Arabia Automotive Battery Market.