Press Release

Saudi Arabia Passenger Car Market to Surpass $ 29 Billion by 2022

Growing CKD assembly, removal of ban on female driving, rise in per capita income and strengthening of road infrastructure to propel Saudi Arabia passenger car market through 2022

According to TechSci Research report, Saudi Arabia Passenger Car Market By Vehicle Type, By Fuel Type, By Transmission Type, Competition Forecast & Opportunities, 2012-2022”, Saudi Arabia passenger car market is anticipated to cross $ 29 billion by 2022. Anticipated growth in Saudi Arabia passenger car market over the next five years is majorly backed by rising disposable income levels and removal of ban on women driving. Moreover, factors like economic diversification from oil based economy to non-oil based economy, rapidly developing road infrastructure and expanding numbers of CKD plants are expected to positively influence demand for passenger cars in Saudi Arabia until 2022.

Browse 125 market data Figures and Tables spread through 169 Pages and an in-depth TOC on "Saudi Arabia Passenger Car Market"   https://www.techsciresearch.com/report/saudi-arabia-passenger-car-market/1669.html

On the basis of vehicle type, Saudi Arabia passenger car market is segmented into four types, namely, Sedan, SUV, Pickup, Hatchback and MPV. Sedan cars dominated Saudi Arabia passenger car market in 2016, with the market share of over 45%, and the segment is expected to continue its dominance during the forecast period as well. The leading position of Sedans segment is backed by the wide range of products in this segment, besides being comparatively more spacious and easy to maintain. SUVs segment held the second largest market share in 2016, primarily on account of SUVs offering powerful engine, higher passenger capacity and suitability for off-road driving.

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“Owing to the increasing financing option and rapid growth in road infrastructure, Saudi Arabia passenger car market is anticipated to witness growth in the ensuing years. Moreover, growing per capita income and wide range of product offerings by leading players would further propel the country’s passenger car market in the coming years. Additionally, increasing focus on economic diversification by Saudi government is likely to positively influence the passenger car market in the country during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Saudi Arabia Passenger Car Market By Vehicle Type, By Fuel Type, By Transmission Type, Competition Forecast & Opportunities, 2012-2022” has evaluated the future growth potential of passenger car market in Saudi Arabia, 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 Arabia passenger car market.About TechSci Research

TechSci Research is a leading global market research firm publishing passenger car research reports. Serving 700 global clients with more than 600 passenger car research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Automotive | Jan, 2018

Growing CKD assembly, removal of ban on female driving, rise in per capita income and strengthening of road infrastructure to propel Saudi Arabia passenger car market through 2022

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