PUBLISHER: TechSci Research | PRODUCT CODE: 1221594
PUBLISHER: TechSci Research | PRODUCT CODE: 1221594
GCC Light Commercial Vehicle Market By Vehicle Type (Pickup Truck, Van, Light Bus), By Fuel Type (Petrol, Diesel, Alternate), By End User (Individual vs Fleet Owner), By Country, Competition Forecast & Opportunities, 2018-2028
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GCC Light Commercial Vehicle Market was valued at USD 7,136.60 million in 2022 and is forecast to register a CAGR of 8.64% to reach USD 11,917.51 million in the year 2028. In 2022, the GGC light commercial vehicle has a total volume of 153.79 thousand units, and the market is expected to have 232.69 thousand units' volume in the coming year 2028, with the CAGR of 6.86%.
The rapid expansion plans in the region have resulted in the rise of construction activities. The number of residential housing and other infrastructural facilities will expand as the population grows, spurring an increase in construction activities. As the construction activities increase the need for construction vehicles also increases in the GCC countries. The GGC countries have seen an increase in demand for light commercial vehicles, as the infrastructure projects and other innovations arise as the private sector expands in the upcoming years. As a result, the GCC countries will see an increase in demand for light commercial vehicles throughout the forecast years.
The government of the Gulf Cooperation Council (GCC) region have slowed down international trade because of the economic crisis brought on by the covid pandemic and the decline in oil prices.
Rising E-commerce Industry
Major changes in the GCC countries e-commerce sector are driving the market for light commercial vehicles. Sales of light commercial vehicles are anticipated to rise because of prompt item delivery to clients. From 2019 to 2022, the GCC countries are anticipated to experience a 33% annual rise in e-commerce, with Saudi Arabia and the UAE having even faster growth rates of 39% and 38%, respectively. But it is projected that increased popularity of online shopping will accelerate the sales of light commercial vehicles, and due to this GCC light commercial vehicle market is expected to grow in the coming years.
Increasing Vehicle Rental Service
In many countries of GCC region, the light commercial vehicle rental service is growing at a healthy rate, due to a rise in online enterprises around the world. The leasing of light commercial vehicles is expanding at a steady rate. The industry is becoming more competitive because of the rise in market players providing rental services, especially in Saudi Arabia and the United Arab Emirates. In these two countries the tourism is always high. As per data from Saudi Arabia government the total number of tourists visited in year 2022 was around 18 million. Due to increasing tourism the need for goods and other essential things also increases, to transfer these things from one place to another and are done with the help of light commercial vehicles in the countries. At the same time, regional demand for light commercial vehicles is rising. Many businesses prefer rental services due to their convenience and profitability, which has increased with technological advancement in the automobile industry and expanding import activity in GCC countries.
Increasing Development Activities and Tourism Sector
Road development initiatives continue to rank among the biggest infrastructure expenditures made in the GCC region, and government authorities continue to place a high priority on them. The GCC countries' rapid infrastructure investment is promoting a friendly and ideal environment for international alliances, tourism, and investment. In addition, the GCC reported investing USD 121.3 billion in projects for roads, bridges, and railroads to improve the land transportation infrastructure. Due to the advancements, the tourism industry in GCC nations is growing. The Road and Transport Authority (RTA) of the United Arab Emirates recently highlighted 35 projects for 2020, including the expansion of the Dubai Metro service and repairs to the motorways and junctions near the Expo site.
Market Segmentation
The GCC Light Commercial Vehicle Market is segmented based on vehicle type, fuel type, end user, country, and competitional landscape. Based on vehicle type, the market is further fragmented into pickup trucks, light bus, and van. Based on fuel type, the market is segmented into petrol, diesel, and alternate. In terms of end user, the market is divided into fleet owner and individual. Based on country analysis the market is segmented into Saudi Arabia, UAE, Oman, Kuwait, Qatar, and Bahrain.
Company Profiles
Tata Motors Limited, Ford Motor Company, Nissan Motors Company Ltd, Volkswagen AG, Isuzu Motors Limited, Mercedes-Benz AG, Toyota Motor Corporation, Mitsubishi Motors Corporation, Peugeot SA, Great Wall Motors Company Limited, are among the major market players in the GCC Light Commercial Vehicle Market.
Report Scope
In this report, the GCC Light Commercial Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- GCC Light Commercial Vehicle Market, By Vehicle Type:
Pickup Truck
Van
Light Bus
- GCC Light Commercial Vehicle Market, By Fuel Type:
Petrol
Diesel
Alternate
- GCC Light Commercial Vehicle Market, By End User:
Individual
Fleet Owner
- GCC Light Commercial Vehicle Market, By Country:
- Saudi Arabia
- UAE
- Oman
- Kuwait
- Qatar
- Bahrain
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the GCC Light Commercial Vehicle 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).
Table of Contents
TOC
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on GCC Light Commercial Vehicle Market
4. Executive Summary
5. Voice of Customer
- 5.1. Factors Influencing Purchase Decision
- 5.2. Aided & Unaided Brand Recall
- 5.3. Brand Satisfaction Level
6. GCC Light Commercial Vehicle Market Outlook
Market Size & Forecast
- 6.1.1. By Value & Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)
- 6.2.2. By Fuel Type (Petrol, Diesel, Alternate)
- 6.2.3. By End User (Individual Vs Fleet Owner)
- 6.2.4. By Country (Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain)
- 6.2.5. By Company (2022)
- 6.3. Product Market Map (By Vehicle Type)
- 6.4. Product Market Map (By Fuel Type)
- 6.5. Product Market Map (By Region)
7. Saudi Arabia Light Commercial Vehicle Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Volume and Value
- 7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)
- 7.2.2. By Fuel Type (Petrol, Diesel, Alternate)
- 7.2.3. By End User (Individual Vs Fleet Owner
- 7.3. Saudi Arabia Pickup Truck Market Outlook, 2018-2028F
- 7.3.1. Market Size & Forecast
- 7.3.1.1. By Volume and Value
- 7.3.2. Market Share & Forecast
- 7.3.2.1. By Fuel Type
- 7.3.1. Market Size & Forecast
- 7.4. Saudi Arabia Van Market Outlook, 2018-2028F
- 7.4.1. Market Size & Forecast
- 7.4.1.1. By Volume and Value
- 7.4.2. Market Share & Forecast
- 7.4.2.1. By Fuel Type
- 7.4.1. Market Size & Forecast
- 7.5. Saudi Arabia Light Bus Market Outlook, 2018-2028F
- 7.5.1. Market Size & Forecast
- 7.5.1.1. By Volume and Value
- 7.5.2. Market Share & Forecast
- 7.5.2.1. By Fuel Type
- 7.5.1. Market Size & Forecast
8. UAE Light Commercial Vehicle Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Volume and Value
- 8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Fuel Type
- 8.2.3. By End User
- 8.3. UAE Pickup Truck Market Outlook, 2018-2028F
- 8.3.1. Market Size & Forecast
- 8.3.1.1. By Volume and Value
- 8.3.2. Market Share & Forecast
- 8.3.2.1. By Fuel Type
- 8.3.1. Market Size & Forecast
- 8.4. UAE Van Market Outlook, 2018-2028F
- 8.4.1. Market Size & Forecast
- 8.4.1.1. By Volume and Value
- 8.4.2. Market Share & Forecast
- 8.4.2.1. By Fuel Type
- 8.4.1. Market Size & Forecast
- 8.5. UAE Light Bus Market Outlook, 2018-2028F
- 8.5.1. Market Size & Forecast
- 8.5.1.1. By Volume and Value
- 8.5.2. Market Share & Forecast
- 8.5.2.1. By Fuel Type
- 8.5.1. Market Size & Forecast
9. Oman Light Commercial Vehicle Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Volume and Value
- 9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Fuel Type
- 9.2.3. By End User
- 9.3. Oman Pickup Truck Market Outlook, 2018-2028F
- 9.3.1. Market Size & Forecast
- 9.3.1.1. By Volume and Value
- 9.3.2. Market Share & Forecast
- 9.3.2.1. By Fuel Type
- 9.3.1. Market Size & Forecast
- 9.4. Oman Van Market Outlook, 2018-2028F
- 9.4.1. Market Size & Forecast
- 9.4.1.1. By Volume and Value
- 9.4.2. Market Share & Forecast
- 9.4.2.1. By Fuel Type
- 9.4.1. Market Size & Forecast
- 9.5. Oman Light Bus Market Outlook, 2018-2028F
- 9.5.1. Market Size & Forecast
- 9.5.1.1. By Volume and Value
- 9.5.2. Market Share & Forecast
- 9.5.2.1. By Fuel Type
- 9.5.1. Market Size & Forecast
10. Kuwait Light Commercial Vehicle Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Volume and Value
- 10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Fuel Type
- 10.2.3. By End User
- 10.3. Kuwait Pickup Truck Market Outlook, 2018-2028F
- 10.3.1. Market Size & Forecast
- 10.3.1.1. By Volume and Value
- 10.3.2. Market Share & Forecast
- 10.3.2.1. By Fuel Type
- 10.3.1. Market Size & Forecast
- 10.4. Kuwait Van Market Outlook, 2018-2028F
- 10.4.1. Market Size & Forecast
- 10.4.1.1. By Volume and Value
- 10.4.2. Market Share & Forecast
- 10.4.2.1. By Fuel Type
- 10.4.1. Market Size & Forecast
- 10.5. Kuwait Light Bus Market Outlook, 2018-2028F
- 10.5.1. Market Size & Forecast
- 10.5.1.1. By Volume and Value
- 10.5.2. Market Share & Forecast
- 10.5.2.1. By Fuel Type
- 10.5.1. Market Size & Forecast
11. Qatar Light Commercial Vehicle Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Volume and Value
- 11.2. Market Share & Forecast
- 11.2.1. By Vehicle Type
- 11.2.2. By Fuel Type
- 11.2.3. By End User
- 11.3. Qatar Pickup Truck Market Outlook, 2018-2028F
- 11.3.1. Market Size & Forecast
- 11.3.1.1. By Volume and Value
- 11.3.2. Market Share & Forecast
- 11.3.2.1. By Fuel Type
- 11.3.1. Market Size & Forecast
- 11.4. Qatar Van Market Outlook, 2018-2028F
- 11.4.1. Market Size & Forecast
- 11.4.1.1. By Volume and Value
- 11.4.2. Market Share & Forecast
- 11.4.2.1. By Fuel Type
- 11.4.1. Market Size & Forecast
- 11.5. Qatar Light Bus Market Outlook, 2018-2028F
- 11.5.1. Market Size & Forecast
- 11.5.1.1. By Volume and Value
- 11.5.2. Market Share & Forecast
- 11.5.2.1. By Fuel Type
- 11.5.1. Market Size & Forecast
12. Bahrain Light Commercial Vehicle Market Outlook
- 12.1. Market Size & Forecast
- 12.1.1. By Volume and Value
- 12.2. Market Share & Forecast
- 12.2.1. By Vehicle Type
- 12.2.2. By Fuel Type
- 12.2.3. By End User
- 12.3. Bahrain Pickup Truck Market Outlook, 2018-2028F
- 12.3.1. Market Size & Forecast
- 12.3.1.1. By Volume and Value
- 12.3.2. Market Share & Forecast
- 12.3.2.1. By Fuel Type
- 12.3.1. Market Size & Forecast
- 12.4. Bahrain Van Market Outlook, 2018-2028F
- 12.4.1. Market Size & Forecast
- 12.4.1.1. By Volume and Value
- 12.4.2. Market Share & Forecast
- 12.4.2.1. By Fuel Type
- 12.4.1. Market Size & Forecast
- 12.5. Bahrain Light Bus Market Outlook, 2018-2028F
- 12.5.1. Market Size & Forecast
- 12.5.1.1. By Volume and Value
- 12.5.2. Market Share & Forecast
- 12.5.2.1. By Fuel Type
- 12.5.1. Market Size & Forecast
13. Market Dynamics
- 13.1. Drivers
- 13.2. Challenges
14. Market Trends & Developments
15. Competitive Landscape
- 15.1. Tata Motors Limited
- 15.2. Ford Motor Company
- 15.3. Nissan Motors Company Ltd.
- 15.4. Volkswagen AG
- 15.5. Isuzu Motors Limited
- 15.6. Mercedes-Benz AG
- 15.7. Toyota Motor Corporation
- 15.8. Mitsubishi Motors Corporation
- 15.9. Peugeot SA
- 15.10. Great Wall Motors Company Limited
16. Strategic Recommendations/Action Plan
17. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements.)
List of Figures
- Figure 1: GCC Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 2: GCC Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 3: GCC Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 4: GCC Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 5: GCC Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 6: GCC Light Commercial Vehicle Market Share, By Country, By Volume, 2018-2028F
- Figure 7: GCC Light Commercial Vehicle Market Share, By Company, By Volume, 2022
- Figure 8: GCC Light Commercial Vehicle Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%), 2022
- Figure 9: GCC Light Commercial Vehicle Market Map, By Fuel Type, Market Size (Thousand Units) & Growth Rate (%), 2022
- Figure 10: GCC Light Commercial Vehicle Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%), 2022
- Figure 11: Saudi Arabia Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 12: Saudi Arabia Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 13: Saudi Arabia Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 14: Saudi Arabia Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 15: Saudi Arabia Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 16: Saudi Arabia Pickup Truck Market Size, By Value (Thousand Units), 2018-2028F
- Figure 17: Saudi Arabia Pickup Truck Market Size, By Value (USD Million), 2018-2028F
- Figure 18: Saudi Arabia Pickup Truck Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 19: Saudi Arabia Van Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 20: Saudi Arabia Van Market Size, By Value (USD Million), 2018-2028F
- Figure 21: Saudi Arabia Van Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 22: Saudi Arabia Light Bus Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 23: Saudi Arabia Light Bus Market Size, By Value (USD Million), 2018-2028F
- Figure 24: Saudi Arabia Light Bus Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 25: UAE Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 26: UAE Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 27: UAE Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 28: UAE Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 29: UAE Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 30: UAE Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 31: UAE Pickup Truck Market Size, By Value (USD Million), 2018-2028F
- Figure 32: UAE Pickup Truck Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 33: UAE Van Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 34: UAE Van Market Size, By Value (USD Million), 2018-2028F
- Figure 35: UAE Van Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 36: UAE Light Bus Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 37: UAE Light Bus Market Size, By Value (USD Million), 2018-2028F
- Figure 38: UAE Light Bus Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 39: Oman Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 40: Oman Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 41: Oman Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 42: Oman Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 43: Oman Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 44: Oman Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 45: Oman Pickup Truck Market Size, By Value (USD Million), 2018-2028F
- Figure 46: Oman Pickup Truck Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 47: Oman Van Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 48: Oman Van Market Size, By Value (USD Million), 2018-2028F
- Figure 49: Oman Van Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 50: Oman Light Bus Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 51: Oman Light Bus Market Size, By Value (USD Million), 2018-2028F
- Figure 52: Oman Light Bus Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 53: Kuwait Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 54: Kuwait Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 55: Kuwait Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 56: Kuwait Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 57: Kuwait Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 58: Kuwait Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 59: Kuwait Pickup Truck Market Size, By Value (USD Million), 2018-2028F
- Figure 60: Kuwait Pickup Truck Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 61: Kuwait Van Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 62: Kuwait Van Market Size, By Value (USD Million), 2018-2028F
- Figure 63: Kuwait Van Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 64: Kuwait Light Bus Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 65: Kuwait Light Bus Market Size, By Value (USD Million), 2018-2028F
- Figure 66: Kuwait Light Bus Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 67: Qatar Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 68: Qatar Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 69: Qatar Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 70: Qatar Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 71: Qatar Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 72: Qatar Pickup Truck Market Size, By Value (Thousand Units), 2018-2028F
- Figure 73: Qatar Pickup Truck Market Size, By Value (USD Million), 2018-2028F
- Figure 74: Qatar Pickup Truck Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 75: Qatar Van Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 76: Qatar Van Market Size, By Value (USD Million), 2018-2028F
- Figure 77: Qatar Van Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 78: Qatar Light Bus Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 79: Qatar Light Bus Market Size, By Value (USD Million), 2018-2028F
- Figure 80: Qatar Light Bus Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 81: Bahrain Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 82: Bahrain Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F
- Figure 83: Bahrain Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018-2028F
- Figure 84: Bahrain Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 85: Bahrain Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F
- Figure 86: Bahrain Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 87: Bahrain Pickup Truck Market Size, By Value (USD Million), 2018-2028F
- Figure 88: Bahrain Pickup Truck Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 89: Bahrain Van Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 90: Bahrain Van Market Size, By Value (USD Million), 2018-2028F
- Figure 91: Bahrain Van Market Share, By Fuel Type, By Volume, 2018-2028F
- Figure 92: Bahrain Light Bus Market Size, By Volume (Thousand Units), 2018-2028F
- Figure 93: Bahrain Light Bus Market Size, By Value (USD Million), 2018-2028F
- Figure 94: Bahrain Light Bus Market Share, By Fuel Type, By Volume, 2018-2028F
