Saudi Arabia used car market is
expected to grow at a significant CAGR for the forecast period. Residents of
Saudi Arabia prefer to travel in their cars to perform their daily activities
and to travel long distances along with the desert safari for relaxation
purposes. Amidst the pandemic and lockdown restrictions, the Saudi Traffic
Department introduced the initiative of online transfer of vehicle ownership in
order to surge the sale of automobiles without requiring the need for periodic
technical inspection, which is the major driver for the forecast period. Ease
and convenience in completing the whole procedure of buying a used car for both
buyers and sellers are expected to boost the growth of Saudi Arabia used car
market. Market players are implementing the latest technologies such as 360
degrees 3D view of the interiors and exteriors to enhance the consumer
experience and provide more insightful data to make informed decisions before
buying used cars. Adoption of emerging technology such as artificial technology
gathers customer data and aims to indulge market players in making appropriate
marketing decisions to increase the sale of used cars. Ongoing infrastructural
activities, including road construction and the prevailing trend of car
ownership among consumers, are expected to accelerate market growth.
Saudi Arabia used car market is
segmented based on vehicle type, regional distribution, and company. Based on
fuel type, the market can be divided into petrol, diesel & CNG. The CNG
segment is expected to witness the fastest incremental growth for the forecast
period, 2023-2027. Rising awareness among the consumers regarding the harmful
effects of conventional fuels over non-conventional fuels as CNG is a clean
fuel compared to its counterparts. CNG is cheaper than traditional fuels, so it
saves a lot of money.
The major players operating on the
used car market are Kayishha, Yallamotor, SaudiSale,
Abdul Latif Jameel Motors, Abi Sayara, Olx Saudi Arabia (Dubizzle),
Carmudi.com, Copart Inc., and others. Major companies are developing advanced
technologies and launching new services to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new service
developments.
Objective of the Study:
- To analyze and estimate the market size of Saudi
Arabia used car market from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia used car market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia used car
market based on vehicle type, end use, fuel type, regional distribution,
and company.
- To identify dominant region or segment in the Saudi
Arabia used car market.
- To identify drivers and challenges for Saudi
Arabia used car market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia used car market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia used car market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia used car market.

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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. 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 service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Saudi Arabia used car market using a bottom-up approach, wherein 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:
- Used car service provider
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to used car market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Attribute
|
Details
|
Base Year
|
2021
|
Historical Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
Segments covered
|
·
Vehicle Type
·
End Use
·
Fuel Type
|
Regional scope
|
Western Region, Northern And Central Region, Eastern Region,
Southern Region
|
Key companies profiled
|
Kayishha, Yallamotor, SaudiSale, Abdul Latif Jameel Motors,
Abi Sayara, Olx Saudi Arabia (Dubizzle), Carmudi.com, Copart Inc
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Saudi Arabia used
car market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia Used Car Market, By Vehicle Type:
- Small Cars
- Mid-Size Cars
- Luxury Cars
- Saudi Arabia Used Car Market, By End Use:
- Saudi Arabia Used Car Market, By Fuel Type:
- Saudi Arabia Used Car 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 used car market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Saudi Arabia used car market 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 [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]com