Report Description

Saudi Arabia Passenger Car Market By Passenger Car Type (Hatchback, Sedan, SUV, MUV and Others), By Fuel Type (Petrol and Diesel), By Engine Capacity (<1000cc, 1000-1500cc, 1500-2000cc and >2000cc), By Region, By Company, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 70
  • Industry : Automotive

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
    • Petrol
    • Diesel
  • 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.

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