KSA Automotive Market Sells Over 600,000 Cars in 2022 with a Blend of Imports and Domestic Production. What’s Next for the Future of the Industry? : Ken Research

0


Automotive Industry in KSA has shown growth of CAGR of 3.5% during 2017-2022, says a report by Ken Research

1. Rebounding Strong: How Rising Consumer Sentiments Since the 2014 Oil Price Crisis are Driving a Resilient Economy Focused on Local Manufacturing and Efficient Digitization.

KSA Automotive MarketTo know Demographics of KSA Citizens Supporting Automotive Industry: Click Here

  • A stable political environment under the current King & Crown Price. Saudi Vision 2030 launched under their leadership also provides a positive boost for investors.
  • Saudi Vision 2030 & the aim to reduce dependence on oil exports. Further investment by government into domestic manufacturing & assembly of automotive. Support from the government and development of automotive & spare part clusters to boost re exports & international sales.
  • Influx of female drivers stimulating demand for new & used vehicles leading to high vehicle ownership and rising propensity to spend.
  • Rising adoption of technologies such as WMS, VMS, RFID & GPS Tracking by Dealerships & car service centers to improve operational efficiency.
  • The harsh & hot climatic conditions of the Kingdom warrant frequent replacement periods of auto spare parts.
  • Lifting of ban on women drivers creating a favorable environment for the growth of automotives.

2. Gateway to the Kingdom: Jeddah Islamic and Dammam Ports Leading Imports with Easy Connectivity and Advanced Infrastructure Development.

KSA Automotive MarketTo learn more about this report Download a Free Sample Report

3. Building for the Future: Saudi Vision 2030’s Drive for World-Class Domestic Manufacturing and Export Facilitation in the MENA Region.

KSA Automotive MarketVisit this Link: – Request for custom report

Major Players Mentioned in the Report:

Car Dealerships:

  • AJL
  • Yusuf Naghi
  • Juffali
  • UMA

Spare Parts Retailers:

  • Speero
  • Atlobha
  • Odiggo
  • Ubuy

Request free 30 minutes analyst call

Car Repair Service Centers:

  • Petromin
  • Auto Focus

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

  • KSA Car Dealerships
  • KSA Automotive Industry
  • KSA Automotive Workshops
  • KSA Spare Parts Retailers
  • KSA Automotive Logistic Service Providers
  • KSA Car Rental Players
  • KSA Car Leasing Players
  • KSA ERP Service Providers
  • KSA Ports Authority

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Automotive Market

Related Reports by Ken Research:-

Egypt Automotive Aftermarket Service Industry Outlook to 2027

UAE Automotive Aftermarket Service Industry Outlook to 2026

Share.