New Cars in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Saudi Arabian new cars market recorded revenues of $13.7 billion in 2023, representing a compound annual growth rate (CAGR) of 11.4% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 11.3% between 2018 and 2023, to reach a total of 643.2 thousand units in 2023.
- The Saudi Arabian new cars market in 2023 was driven by the country's ongoing economic reforms under Vision 2030 which diversified income sources, leading to higher disposable incomes and greater consumer confidence, encouraging more residents to invest in new vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Saudi Arabia
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia new cars market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Saudi Arabia new cars market by value in 2023?
- What will be the size of the Saudi Arabia new cars market in 2028?
- What factors are affecting the strength of competition in the Saudi Arabia new cars market?
- How has the market performed over the last five years?
- Who are the top competitors in Saudi Arabia's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Toyota Motor Corp
- Hyundai Motor Co
- Chongqing Changan Automobile Co Ltd
- Renault-Nissan-Mitsubishi Alliance
