Press Release

Commercial Vehicles Market in Saudi Arabia to Surpass $ 8 Billion during 2017–2022

Growth in infrastructure, construction & logistics sectors across the country is anticipated to boost demand for commercial vehicles in Saudi Arabia until 2022

According to TechSci Research report, Saudi Arabia Commercial Vehicles Market By Vehicle Type, Competition Forecast & Opportunities, 2022, commercial vehicles market in Saudi Arabia is projected to cross $ 8 billion by 2022 on account of growing construction activities and rising demand for commercial vehicles from various application areas such as logistics across the country. These factors are further anticipated to positively influence the commercial vehicles market in Saudi Arabia over the next five years.

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In 2016, light commercial vehicles segment dominated the country’s commercial vehicle market, followed by medium commercial vehicles, buses and heavy commercial vehicles. Expanding small-scale industries and rising preference towards pickup trucks for private and commercial use are anticipated to boost demand for light commercial vehicles in Saudi Arabia during the forecast period as well. Among various companies, Toyota dominated Saudi Arabia commercial vehicles market in 2016, followed by Mitsubishi and Isuzu. Saudi Arabia is an import driven market and there is an absence of commercial vehicle manufacturers in the country. Hence, all major OEMs cater to the domestic demand through the network of exclusive dealers and distributors.

Western and Northern & Central regions dominated the Saudi Arabia commercial vehicles market, followed by Eastern and Southern regions. Rising demand for commercial vehicles from Western and Northern & Central regions in Saudi Arabia can be attributed to presence of large population bases coupled with increasing construction and building activities in these regions. Moreover, major pilgrimage destinations in Western and Northern & Central regions adds to the demand for commercial vehicles. Further, these regions are anticipated to exhibit moderate growth in demand for commercial vehicles through the forecast period, on account of increasing demand from logistics industry, construction industry and MSMEs.

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“Constant development in the infrastructure & construction sector in Saudi Arabia has been pushing demand for commercial vehicles in the country. Moreover, growth in other sectors like logistics and wide application of commercial vehicles across the various industries would continue to fuel demand for commercial vehicles in the country in the ensuing years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Commercial Vehicles Market By Vehicle Type, Competition Forecast & Opportunities, 2022” has analyzed the potential of Saudi Arabia commercial vehicle market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by Saudi 

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