Saudi Arabia passenger car market size
is to continue witnessing growth during the forecast period due to the increasing
purchasing power of the people, negligible fuel cost and developed road
infrastructure. Moreover, Saudi Arabia is the one of the largest auto and auto
parts market in the Middle East, accounting for over 30 percent of all vehicles
sold in the region. Also, the Saudi government is looking to develop domestic
automotive industries and has encouraged global vehicle manufacturers to
establish local operations, which will further drive the Saudi Arabia passenger
car market.
Based on vehicle type, sedan
category is anticipated to have a healthy growth rate in the Saudi Arabia passenger
car market during the forecast period. The passenger car market in Saudi Arabia
is expected to witness a significant growth in the Northern & Central
region of the country. The western region of Saudi Arabia is also expected to
account for a good portion of Saudi Arabia passenger car market during the
forecast period. The demand for luxury vehicles will be a major driver of the
passenger car market in the country throughout the forecast period.
Years
considered for this report:
Historical Year: 2014-17
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-24
Objective of the Study:
- To analyse and forecast the market size of Saudi Arabia passenger
car market, in terms of value and volume.
- To classify and forecast Saudi Arabia passenger car market based
on passenger car type, fuel type, engine capacity and regional
distribution.
- To identify drivers and challenges for Saudi Arabia passenger car
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions etc. in Saudi Arabia passenger car
market.
- To conduct the pricing analysis for Saudi Arabia passenger car
market.
- To identify and analyse the profile of leading companies involved
in Saudi Arabia passenger car market.
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Some of the major companies in Saudi
Arabia passenger car market are Mitsubishi
Motors Corporation, Honda Motor Company Ltd., Mercedes-AMG GmbH, Kia Motor
Corporation, Ford Motor Company, Nissan Motor Co. Ltd., Mazda Motor Corporation,
Toyota Motor Corporation, The Hyundai Motor Company, Groupe Renault etc.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across Saudi Arabia.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the service offerings,
distribution channels and presence of all major players operating in Saudi
Arabia passenger car market.
TechSci Research calculated the market size of Saudi Arabia
passenger car market using a bottom-up approach, where data for
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target
Audience:
- Passenger car manufacturers,
suppliers, distributors and stakeholders
- Automotive OEMs
- Suppliers and dealers/distributors of passenger cars
- Industry associations and
experts
- Research organizations and
consulting companies
- Market research firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers and
partners, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia passenger car market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Passenger Car Type
- Hatchback
- Sedan
- SUV
- MUV
- Others
- Market, By Fuel Type
- Market, By Engine Capacity
- <1000cc
- 1000-1500cc
- 1500-2000cc
- >2000cc
- Market, By Region
- Western Region
- Northern & Central Region
- Eastern Region
- Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia passenger car market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional
market companies (up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and
indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at sales@techsciresearch.com