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Qatar Automotive Battery Market Report by Battery Type (Lead Acid, Lithium Ion, and Others), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Electric Vehicles, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A24291
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Qatar Automotive Battery Market Overview:
The Qatar automotive battery market size reached US$ 45.91 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 68.52 Million by 2032, exhibiting a growth rate (CAGR) of 4.41% during 2024-2032. The market is driven by the growing population and urbanization, increasing adoption of electric vehicles (EVs), rising vehicle ownership, government initiatives and investments, extreme climate condition, and ongoing advancements in technology.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023 |
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Forecast Years
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2024-2032 |
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 45.91 Million |
| Market Forecast in 2032 | US$ 68.52 Million |
| Market Growth Rate (2024-2032) | 4.41% |
Qatar Automotive Battery Market Trends:
Rapid Urbanization
As per an article published on the website of the Central Intelligence Agency (CIA), the urban population in Qatar was 99.4% of total population in 2023. Urbanization is leading to a growth in population density in cities, which, in turn, is catalyzing the demand for non-public and public transportation in the country. As more people move to urban areas, the wide number of automobiles on the road is increasing, increasing the demand for automotive batteries for brand new and existing automobiles. In addition, the development of urban infrastructure frequently enlarges the public transportation structures, including buses and taxis. This enlargement contributes to the market for automotive batteries.
In line with this, urbanization results in the boom of commercial sports, which includes logistics, delivery services, and experience-sharing fleets. These commercial fleets require regular battery replacements because of the high utilization costs of their automobiles, further driving the demand for automotive batteries. The improvement of urban infrastructure, including roads, parking facilities, and charging stations for EVs, helps in strengthening the automotive sector. Improved infrastructure encourages people to own and use automobiles, thereby driving the demand for automotive batteries.
Increasing Adoption of Electric Vehicles (EVs)
Lithium-ion batteries are the most common energy storage systems used in EVs. As the adoption of EVs is increasing in Qatar, there is a rise in the demand for these sophisticated batteries that are known to be more efficient with higher energy density than the conventional automotive batteries. Furthermore, the growing environmental consciousness among people and businesses in Qatar is increasing the preference for vehicles with lower carbon footprints. EVs, which produce zero tailpipe emissions, align with these environmental goals and drive their adoption.
Besides this, EVs usually have lower operational charges compared to gasoline or diesel automobiles, primarily because of lower gasoline prices and decreased maintenance requirements. This cost-effectiveness makes EVs a financially attractive alternative for users and fleet operators, driving better adoption rates and subsequently increasing the demand for automotive batteries. According to the content published in 2023 on the website of Ministry of Environment and Climate Change, by 2025, 25% of cars on the road in the State of Qatar will be electric.
Qatar Automotive Battery Market News:
- February 13, 2023: Al-Abdullah Group Qatar and Kabira Mobility announced an investment of Rs. 300 crores in the UP-investment summit for setting up a new electric two-wheeler manufacturing plant in Jewar, Uttar Pradesh.
- April 8, 2024: Mannai opened a new BYD showroom in Doha, Qatar, marked a significant milestone in the country’s automotive sector. Mannai has solidified its commitment to cutting-edge automotive technology by partnering with BYD Auto, the global leader in new energy vehicles (NEV).
Qatar Automotive Battery Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on battery type and vehicle type.
Battery Type Insights:
- Lead Acid
- Lithium Ion
- Others
The report has provided a detailed breakup and analysis of the market based on the battery type. This includes lead acid, lithium ion, and others.
Vehicle Type Insights:
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicles
- BEV (Battery Electric Vehicles)
- PHEV (Plug-in Hybrid Electric Vehicles)
- Others
A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger vehicles, commercial vehicles, electric vehicles (BEV (battery electric vehicles) and PHEV (plug-in hybrid electric vehicles)), and others.
Regional Insights:
- Ad Dawhah
- Al Rayyan
- Al Wakrah
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Ad Dawhah, Al Rayyan, Al Wakrah, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Qatar Automotive Battery Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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| Battery Types Covered | Lead Acid, Lithium Ion, Others |
| Vehicle Types Covered |
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| Regions Covered | Ad Dawhah, Al Rayyan, Al Wakrah, Others |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Qatar automotive battery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Qatar automotive battery market?
- What is the breakup of the Qatar automotive battery market on the basis of battery type?
- What is the breakup of the Qatar automotive battery market on the basis of vehicle type?
- What are the various stages in the value chain of the Qatar automotive battery market?
- What are the key driving factors and challenges in the Qatar automotive battery?
- What is the structure of the Qatar automotive battery market and who are the key players?
- What is the degree of competition in the Qatar automotive battery market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Qatar automotive battery market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the Qatar automotive battery market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Qatar automotive battery industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
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