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Market Research Report
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600286

Saudi Arabia Passenger Car Market By Vehicle Type (Hatchback, Sedan, MPV, Pickup and SUV), By Fuel Type (Petrol, Diesel and Others), By Transmission Type (MT and AT), Competition, Forecast & Opportunities, 2024

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Saudi Arabia Passenger Car Market By Vehicle Type (Hatchback, Sedan, MPV, Pickup and SUV), By Fuel Type (Petrol, Diesel and Others), By Transmission Type (MT and AT), Competition, Forecast & Opportunities, 2024
Published: August 1, 2019
TechSci Research
Content info: 121 Pages
Delivery time: 2-3 business days
  • ALL
  • Description
  • Table of Contents
Description

Saudi Arabia passenger car market was valued at over $ 11 billion in 2018 and is projected to grow at a CAGR of around 16% to surpass $ 28 billion by 2024 on account of increasing per capita income and developing infrastructure of the country. Upliftment of ban from women driving along with increasing number of CKD plants are further driving growth of the market in the country. Moreover, Saudi Arabia is the one of the largest auto and auto parts market in the Middle East, accounting for over 30 per cent of all vehicles sold in the region. Also, the Saudi government is looking to develop domestic automotive industries and is encouraging global vehicle manufacturers to establish local operations, which would further drive Saudi Arabia passenger car market in the coming years.

Saudi Arabia passenger car market can be segmented based on vehicle type, fuel type, transmission type and region. In terms of passenger car type, market can be classified into hatchback, sedan, MPV, pickup and SUV. Sedan cars dominated Saudi Arabia passenger car market in 2018, with the market share of over 55%, and the segment is expected to continue its dominance during the forecast period as well. The leading position of sedan segment is backed by the wide range of products in this segment, besides being comparatively more spacious and easier to maintain. SUVs segment held the second largest market share in 2018, primarily on account of SUV's powerful engine, higher passenger capacity and suitability for off-road driving.

List of major players operating in the Saudi Arabia passenger car market include Toyota Motors Corporation, Hyundai Motor Company, Mazda Saudi Arabia, Nissan Motor Co. Ltd, General Motors Co., Ford Middle East, Kia Motors Corp, Isuzu Motors Saudi Arabia Co. Ltd., Volkswagen AG, Renault Middle East, etc. Major companies are adopting strategies such as expansion in new locations, mergers & acquisitions and product developments. With rising focus of these leading players on sales and marketing activities, the passenger car industry in Saudi Arabia is anticipated to witness intensifying competition over the next five years.

Years considered for this report:

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Objective of the Study

  • To analyze and forecast the market size of Saudi Arabia passenger car market.
  • To classify and forecast Saudi Arabia passenger car market based on vehicle type, fuel type, transmission type and regional distribution.
  • To identify drivers and challenges for Saudi Arabia passenger car market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia passenger car market.
  • To conduct the pricing analysis for Saudi Arabia passenger car market.
  • To identify and analyze the profile of leading players involved in the Saudi Arabia passenger car market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. 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 manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the country.

TechSci Research calculated the market size of Saudi Arabia passenger car market by using a bottom-up approach, where 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

  • Passenger car manufacturers, suppliers and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to passenger car market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope

In this report, Saudi Arabia passenger car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Vehicle Type:

Hatchback

Sedan

MPV

Pickup

SUV

  • Market, By Fuel Type:

Petrol

Diesel

Others

  • Market, By Transmission Type:

Manual Transmission

Automatic Transmission

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia passenger 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).
Table of Contents
Product Code: 1488

Table of Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer

  • 4.1. Factors Influencing Purchase Decision
  • 4.2. Influencer of Purchase
  • 4.3. Aided Brand Recall
  • 4.4. Unaided Brand Recall
  • 4.5. Brand Switching Attributes
  • 4.6. Brand Satisfaction Level

5. Saudi Arabia Passenger Car Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value & Volume
  • 5.2. Market Share & Forecast
    • 5.2.1. By Vehicle Type (Hatchback, Sedan, MPV, Pickup and SUV)
    • 5.2.2. By Fuel Type (Petrol, Diesel and Others)
    • 5.2.3. By Transmission Type (MT and AT)
    • 5.2.4. By Company
  • 5.3. Market Attractiveness Index (By Fuel Type)
  • 5.4. Market Attractiveness Index (By Transmission Type)

6. Saudi Arabia Sedan Car Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value & Volume
  • 6.2. Market Share & Forecast
    • 6.2.1. By Engine Capacity (<1600cc, 1600-2000cc, 2001-2400cc, >2400cc)
    • 6.2.2. By Fuel Type (Petrol, Diesel and Others)
    • 6.2.3. By Transmission Type (MT, AT)
  • 6.3. Market Attractiveness Index (By Engine Capacity)
  • 6.4. Market Attractiveness Index (By Transmission Type)
  • 6.5. Market Attractiveness Index (By Fuel Type)

7. Saudi Arabia SUV Car Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value & Volume
  • 7.2. Market Share & Forecast
    • 7.2.1. By Engine Capacity (<1800cc, 1801-2400cc, >2400cc)
    • 7.2.2. By Fuel Type (Petrol, Diesel and Others)
    • 7.2.3. By Transmission Type (MT, AT)
  • 7.3. Market Attractiveness Index (By Engine Capacity)
  • 7.4. Market Attractiveness Index (By Transmission Type)
  • 7.5. Market Attractiveness Index (By Fuel Type)

8. Saudi Arabia Pickup Car Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value & Volume
  • 8.2. Market Share & Forecast
    • 8.2.1. By Engine Capacity (1600-2400cc, >2400cc)
    • 8.2.2. By Fuel Type (Petrol, Diesel and Others)
    • 8.2.3. By Transmission Type (MT, AT)
  • 8.3. Market Attractiveness Index (By Engine Capacity)
  • 8.4. Market Attractiveness Index (By Transmission Type)
  • 8.5. Market Attractiveness Index (By Fuel Type)

9. Saudi Arabia MPV Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value & Volume
  • 9.2. Market Share & Forecast
    • 9.2.1. By Engine Capacity (1400-1800cc and >1800cc)
    • 9.2.2. By Fuel Type (Petrol, Diesel and Others)
    • 9.2.3. By Transmission Type (MT, AT)
  • 9.3. Market Attractiveness Index (By Engine Capacity)
  • 9.4. Market Attractiveness Index (By Transmission Type)
  • 9.5. Market Attractiveness Index (By Fuel Type)

10. Saudi Arabia Hatchback Vehicle Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value & Volume
  • 10.2. Market Share & Forecast
    • 10.2.1. By Engine Capacity (1200-1600cc, <1200cc and >1600cc)
    • 10.2.2. By Fuel Type (Petrol, Diesel and Others)
    • 10.2.3. By Transmission Type (MT, AT)
  • 10.3. Market Attractiveness Index (By Engine Capacity)
  • 10.4. Market Attractiveness Index (By Transmission Type)
  • 10.5. Market Attractiveness Index (By Fuel Type)

11. Import-Export Analysis

12. Supply Chain Analysis

13. Market Dynamics

  • 13.1. Drivers
  • 13.2. Challenges

14. Policy & Regulatory Landscape

15. Market Trends & Developments

16. Saudi Arabia Economic profile

17. Competitive Landscape

  • 17.1. Toyota Motors Corporation
  • 17.2. Hyundai Motor Company
  • 17.3. Mazda Saudi Arabia
  • 17.4. Nissan Motor Co. Ltd
  • 17.5. General Motors Co.
  • 17.6. Ford Middle East
  • 17.7. Kia Motors Corp
  • 17.8. Isuzu Motors Saudi Arabia Co. Ltd.
  • 17.9. Volkswagen AG
  • 17.10. Renault Middle East

18. Strategic Recommendations

19. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

List of Figures

  • Figure 1: Saudi Arabia Passenger Car Market - Factors Influencing Purchase Decision (N=75)
  • Figure 2: Saudi Arabia Passenger Car Market - Influencer of Purchase (N=75)
  • Figure 3: Saudi Arabia Passenger Car Market - Aided Brand Recall (N=75)
  • Figure 4: Saudi Arabia Passenger Car Market - Unaided Brand Recall (N=75)
  • Figure 5: Saudi Arabia Passenger Car Market - Brand Switching (N=75)
  • Figure 6: Saudi Arabia Passenger Car Market - Brand Switching Attributes (N=75)
  • Figure 7: Saudi Arabia Passenger Car Market Brand Satisfaction Level (N=75)
  • Figure 8: Saudi Arabia Passenger Car Market - Brand Satisfaction Level, By Performance (N=75)
  • Figure 9: Saudi Arabia Passenger Car Market - Brand Satisfaction Level, By Vehicle Handling (N=75)
  • Figure 10: Saudi Arabia Passenger Car Market - Brand Satisfaction Level, By Maintenance Cost (N=75)
  • Figure 11: Saudi Arabia Passenger Car Market - Brand Satisfaction Level, By After-Sale Service (N=75)
  • Figure 12: Saudi Arabia Passenger Car Market - Brand Satisfaction Level, By Battery Life (N=75)
  • Figure 13: Saudi Arabia Passenger Car Market - Brand Satisfaction Level, By Pricing (N=75)
  • Figure 14: Saudi Arabia Passenger Car Market, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
  • Figure 15: Saudi Arabia Passenger Car Market Share, By Vehicle Type, By Volume, 2014- 2024F
  • Figure 16: Saudi Arabia Passenger Car Market Share, By Fuel Type, By Volume, 2014-2024F
  • Figure 17: Saudi Arabia Passenger Car Market Share, By Transmission Type, By Volume, 2014-2024F
  • Figure 18: Saudi Arabia Population, 2015-2018 (Million)
  • Figure 19: Saudi Arabia Passenger Car Market Share, By Company, By Volume, 2018
  • Figure 20: Saudi Arabia Passenger Car Market Attractiveness Index, By Fuel Type, By Volume, 2019E-2024F
  • Figure 21: Saudi Arabia Passenger Car Market Attractiveness Index, By Transmission Type, By Volume, 2019E-2024F
  • Figure 22: Saudi Arabia Sedan Car Market, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
  • Figure 23: Saudi Arabia Sedan Car Market Share, By Engine Capacity, By Volume, 2014- 2024F
  • Figure 24: Saudi Arabia Sedan Car Market Share, By Fuel Type, By Volume, 2014-2024F
  • Figure 25: Saudi Arabia Sedan Car Market Share, By Transmission Type, By Volume, 2014- 2024F
  • Figure 26: Saudi Arabia Automotive Fleet, By Volume (Million Units), 2014-2018
  • Figure 27: Saudi Arabia Sedan Car Market Attractiveness Index, By Engine Capacity, By Volume, 2014-2024F
  • Figure 28: Saudi Arabia Sedan Market Attractiveness Index, By Transmission Type, By Volume, 2019E-2024F
  • Figure 29: Saudi Arabia Sedan Car Market Attractiveness Index, By Fuel Type, By Volume, 2019E-2024F
  • Figure 30: Saudi Arabia SUV Car Market, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
  • Figure 31: Saudi Arabia SUV Car Market Share, By Engine Capacity, By Volume, 2014- 2024F
  • Figure 32: Saudi Arabia SUV Car Market Share, By Fuel Type, By Volume, 2014-2024F
  • Figure 33: Private Driving License Issued in Saudi Arabia (In Million Units) - 2010, 2015, 2020F & 2025F
  • Figure 34: Saudi Arabia SUV Car Market Share, By Transmission Type, By Volume, 2014-2024F
  • Figure 35: Saudi Arabia SUV Market Attractiveness Index, By Engine Capacity, By Volume 2019E-2024F
  • Figure 36: Saudi Arabia SUV Market Attractiveness Index, By Transmission Type, By Volume, 2019E-2024F
  • Figure 37: Saudi Arabia SUV Market Attractiveness Index, By Fuel Type, By Volume, 2019E- 2024F
  • Figure 38: Saudi Arabia Pickup Car Market, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
  • Figure 39: Saudi Arabia Major Upcoming Projects, As of 2017
  • Figure 40: Saudi Arabia Pickup Car Market Share, By Engine Capacity, By Volume, 2014- 2024F
  • Figure 41: Saudi Arabia Government total expenditure as Percentage of GDP (%)
  • Figure 42: Saudi Arabia Pickup Car Market Share, By Fuel Type, By Volume, 2014-2024F
  • Figure 43: Saudi Arabia Pickup Car Market Share, By Transmission Type, By Volume, 2014- 2024F
  • Figure 44: Saudi Arabia Export Share, By Country, 2017
  • Figure 45: Saudi Arabia Pickup Market Attractiveness Index, By Engine Capacity, By Volume, 2019E-2024F
  • Figure 46: Saudi Arabia Pickup Market Attractiveness Index, By Transmission Type, By Volume, 2019E-2024F
  • Figure 47: Saudi Arabia Pickups Market Attractiveness Index, By Fuel Type, By Volume, 2019E-2024F
  • Figure 48: Saudi Arabia MPV Car Market, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
  • Figure 49: Saudi Arabia Road Length in Kilometer, 2013-2018
  • Figure 50: Saudi Arabia MPV Car Market Share, By Engine Capacity, By Volume, 2014- 2024F
  • Figure 51: Saudi Arabia MPV Car Market Share, By Fuel Type, By Volume, 2014-2024F
  • Figure 52: Saudi Arabia Import Share, By Country, 2017
  • Figure 53: Saudi Arabia MPV Car Market Share, By Transmission Type, By Volume, 2014-2024F
  • Figure 54: Number of Pilgrims in Saudi Arabia, 2014-2017
  • Figure 55: Saudi Arabia MPV Market Attractiveness Index, By Engine Capacity, By Volume, 2019E-2024F
  • Figure 56: Saudi Arabia MPV Market Attractiveness Index, By Transmission Type, By Volume, 2019E-2024F
  • Figure 57: Saudi Arabia MPV Market Attractiveness Index, By Fuel Type, By Volume, 2019E- 2024F
  • Figure 58: Saudi Arabia Hatchback Car Market, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
  • Figure 59: Saudi Arabia Hatchback Car Market Share, By Engine Capacity, By Volume, 2014- 2024F
  • Figure 60: Saudi Arabia Hatchback Car Market Share, By Fuel Type, By Volume, 2014-2024F
  • Figure 61: Saudi Arabia Hatchback Car Market Share, By Transmission Type, By Volume, 2014-2024F
  • Figure 62: Saudi Arabia Hatchback Car Market Attractiveness Index, By Engine Capacity, By Volume, 2019E-2024F
  • Figure 63: Saudi Arabia Hatchback Market Attractiveness Index, By Transmission Type, By Volume, 2019E-2024F
  • Figure 64: Saudi Arabia Hatchback Car Market Attractiveness Index, By Fuel Type, By Volume, 2019E-2024F

List of Tables

  • Table 1: Expected Female Drivers, By Region in Saudi Arabia - 2020F
  • Table 2: Number of Building Permits & Number of Units Issued, By Type, 2017
  • Table 3: Saudi Arabia Ongoing Major Infrastructure Projects, By Estimated Cost, By Expected Year of Completion
  • Table 4: Length of Accomplished Roads in Saudi Arabia (Kilometer), By Region, 2017
  • Table 5: Saudi Arabia Passenger Car Imports, By Volume (Thousand), and Value (USD Billion), 2018
  • Table 6: Saudi Arabia Passenger Car Re-Exports, By Value (USD Million), 2018
  • Table 7: Saudi Arabia Trade Agreements