Middle East & Africa Automotive Battery Market Size & Outlook
The automotive battery market in Middle East & Africa is expected to reach a projected revenue of US$ 5,999.1 million by 2030. A compound annual growth rate of 6.7% is expected of Middle East & Africa automotive battery market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,815.6
Forecast, 2030 (US$M)
$5,999.1
CAGR, 2024 - 2030
6.7%
Report Coverage
Middle East & Africa
Middle East & Africa automotive battery market, 2018-2030 (US$M)
MEA automotive battery market highlights
- The MEA automotive battery market generated a revenue of USD 3,815.6 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, lithium-ion based was the largest revenue generating type in 2023.
- Lithium-Ion Based is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 3,815.6 million |
| Market revenue in 2030 | USD 5,999.1 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Lithium-ion based |
| Fastest growing segment | Lithium-Ion Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-Ion Based |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.5% of the global automotive battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,097.8 million by 2030.
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Automotive Battery Market Scope
Automotive battery market segmentation & scope
Drive
ICE
Electric Vehicle
BEV
PHEV
Vehicle
Passenger Cars
Commercial Vehicles
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Automotive Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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Related regional statistics
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