Future Potential Market of LEVs in Last Mile Delivery |

Gurugram, India, June 14, 2021 (GLOBE NEWSWIRE) —

Majority of the companies and users are hesitant to adopt LEVs owing to outdated concerns regarding range and reliability.
Under the automotive sector strategy, NIDLP is aiming to attract 3 to 4 international manufacturers to locally manufacture EVs.
The mass production of batteries and available tax incentives will bring down the cost of EV, thus, making it cost-effective and the preferred choice.
Cities such as NEOM and SPARK are incorporating smart mobility into their urban planning

Small format EVs may gain momentum in the near future, given their lower fuel and maintenance costs. They are also less dependent on charging infrastructure, since their power requirements are lower, and they are more likely to come in models that allow battery swapping.

Electric Vehicles in Food and Grocery Delivery sectors are expected to penetrate faster due to availability of hybrid models. Major demand regions such as Central and Western Saudi Arabia (Riyadh, Jeddah and Dammam and AL-Khobar being major cities) to witness LEV penetration in the near future.

Service Contracts: In order for platforms to stay asset-light, service contracts with strategic partners (for EV deployment and charging infrastructure) present a high potential for deployment.

Several gaps in the LEV market such as a limited hybrid car range, high prices, insufficient battery life and an underdeveloped charging ecosystem are yet to be filled.
Fleet operators need to create and manage vehicle service infrastructure and charging infrastructure on their own due to limited availability of existing set-ups in public domain.

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 to Drive Market Revenue” by Ken Research suggested that the Light Electric Vehicle market is 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 KSA LEV Market

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
Average Distance Travelled Saudi Arabia
Supply Chain Electric Vehicle Saudi Arabia
Cost Benefits Analysis LEV
Charging Infrastructure Saudi Arabia
Last Mile Delivery Market Size KSA
Courier Companies Landscape Saudi Arabia
Competition Scenario Electric Vehicle Saudi Arabia
Regulatory Scenario Saudi Arabia LEV Market
Regulatory Framework Saudi Arabia LEV Market
Government Policy Saudi Arabia LEV Market
COVID 19 Global Impact EV Sales
Sun Mobility Battery Swapping Stations Case Study
COVID Impact Electric Vehicle Saudi Arabia
Potential Opportunities Last Mile Delivery
Potential Opportunities Light Electric Vehicle
Challenges Light Electric Vehicle Market
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