Report Description

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, 2024-2028. 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 2018 to 2021.
  • To estimate and forecast the market size of Saudi Arabia used car market from 2022 to 2028 and growth rate until 2028.
  • 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.

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.


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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

2022

Historical Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

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:
    • Institutional
    • Individual
  • Saudi Arabia Used Car Market, By Fuel Type:
    • Petrol
    • Diesel
    • CNG
  • 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]  

Table of content

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Impact of COVID-19 on Saudi Arabia Used Car Market

5.     Voice of Customer

6.     Saudi Arabia Used Car Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Vehicle Type (Small Cars, Mid-Size Cars & Luxury Cars)

6.2.2. By End Use (Institutional Vs Individual)

6.2.3. By Fuel Type (Petrol, Diesel & CNG)

6.2.4. By Company (2022)

6.2.5. By Region

6.3.   Market Attractiveness Index

7.     Saudi Arabia Small Used Car Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume          

7.2.   Market Share & Forecast

7.2.1. By Sector (Organized Vs. Semi-Organized/Unorganized)

7.2.2. By Fuel Type (Petrol, Diesel & CNG)

7.3.   Market Attractiveness Index

8.     Saudi Arabia Mid-Size Used Car Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value & Volume          

8.2.   Market Share & Forecast

8.2.1. By Sector (Organized Vs. Semi-Organized/Unorganized)

8.2.2. By Fuel Type (Petrol, Diesel & CNG)

8.3.   Market Attractiveness Index

9.     Saudi Arabia Luxury Used Car Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value & Volume          

9.2.   Market Share & Forecast

9.2.1. By Sector (Organized Vs. Semi-Organized/Unorganized)

9.2.2. By Fuel Type (Petrol, Diesel & CNG)

9.3.   Market Attractiveness Index

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  SWOT Analysis

13.  Policy & Regulatory Landscape

14.  Saudi Arabia Economic Profile

15.  Competitive Landscape                                                                                                    

15.1.              Competition Outlook

15.2.              Company Profiles

15.2.1.   Kayishha

15.2.2.   Yallamotor

15.2.3.   SaudiSale

15.2.4.   Abdul Latif Jameel Motors

15.2.5.   Abi Sayara

15.2.6.   Olx Saudi Arabia (Dubizzle)

15.2.7.   Carmudi.com

15.2.8.   Copart Inc.

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Factors like demands for owning personal vehicles, rising disposable income among the population are driving the growth of the Saudi Arabia used cars market in the forecast years, 2024-2028.

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Kayishha, Yallamotor, SaudiSale, Abdul Latif Jameel Motors, Abi Sayara, among others are leading the Saudi Arabia used cars market in the forecast period, 2024-2028.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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The Saudi Arabia used cars market analysis was analyzed for the five historical years from 2018 to 2021. Keeping the base year 2021 as the margin, the estimation for the year 2023 was made and further market growth is predicted for the forecast years, 2024 to 2028.

profile

Srishti Verma

Business Consultant
Press Release

Saudi Arabia Used Car Market is expected to grow at Significant Rate till 2026

Jun, 2021

Extreme weather conditions and rising youth population is expected to drive the Saudi Arabia used car market throughout the forecast period.