The report provides a comprehensive analysis of the potential of Automotive Market in KSA. The report covers an overview and genesis of the industry, market size in terms of units sold.

Its market segmentations include by Vehicle Type, by SUVs Type, by Sedan Type, by Vehicle OEMs, by Region and by Entities; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Report Ocean estimates, the Market Size of KSA Automotive has shown increasing trend from 2017 to 2022. However, drop was observed in 2020. This is owing to pandemic. Market Size of KSA Automotive Market is expected to show increasing trend from 2022 to 2027 at CAGR of $%. This is owing to Growing Car Demand, Government Impetus, Trade Liberalizations and Changing Demographics.
A shift to preventive approach will enable new opportunity & growth via innovative service models.
Domestic manufacturing & export set to redefine spare parts opportunity in KSA with Tires, batteries, lubricants, wiper plates set to take the front seat.
Growth will be driven by booming used car & leasing industry & e-retail of parts.

Key Trends by Market Segment:

By Entities: Branded workshops centers are able to earn highest revenue in the industry even after only making a small proportion in the market in terms of volume. This is possible as they continue to provide innovative services & form strategic partnerships.

By Vehicle Type: Passenger Cars continue to dominate the imports by volume followed by motorcycles and trucks in 2021.

Future Outlook:

Market Size of KSA Automotive is expected to show increasing trend from 2022 to 2027. This is owing to Growing Car Demand, Government Impetus, Trade Liberalizations and Changing Demographics. Post-pandemic the demand for automotive is boosted. This is because Domestic manufacturing & export set to redefine spare parts opportunity in KSA with Tires, batteries, lubricants, wiper plates set to take the front seat.