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Saudi Arabia Automotive Retail Market, By Vehicle Type (Passenger Cars, Commercial Vehicles); By Propulsion Type (Internal Combustion Engine, Electric Vehicles); By Sales Channel (Franchised Dealerships, Independent Dealers, Online Platforms), Trend Analy

Publisher BlueWeave Consulting
Published Jul 10, 2025
Length 133 Pages
SKU # BLWC20227926

Description

Saudi Arabia Automotive Retail Market Size More Than Triples to Cross USD 62 Billion by 2031
Saudi Arabia Automotive Retail Market is flourishing because of the Kingdom's Vision 2030 objectives and related governmental initiatives, an evolving cultural landscape, and increasing disposable income levels.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Automotive Retail Market size at USD 20.16 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Saudi Arabia Automotive Retail Market size to expand at a CAGR of 17.5% reaching a value of USD 62.33 billion by 2031. The growth of Automotive Retail Market in Saudi Arabia is propelled by Vision 2030 government initiatives and over USD 5 billion in investments in domestic manufacturing (Lucid, Hyundai), targeting over 300,000 vehicles annually and 27,000 jobs. Increasing disposable income fuels new vehicle demand, while the Saudi Green Initiative and infrastructure development (5,000 EV chargers by 2025) are boosting EV adoption. The expanding e-commerce sector (USD 8 billion in 2023) drives light commercial vehicle sales, and relaxed import regulations broaden consumer choice, further supported by significant tourism.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Automotive Retail Market

Intensifying geopolitical tensions could disrupt the growth of Saudi Arabia Automotive Retail Market by creating economic uncertainty and affecting consumer confidence. Political instability or conflicts in key regions can disrupt global supply chains, leading to shortages in vehicle parts and delayed deliveries. Increased oil prices, often a consequence of geopolitical instability, can reduce disposable incomes and influence consumer spending on vehicles. Additionally, foreign investment might decrease due to the perceived risks, limiting the potential for growth and innovation in the automotive sector. As a result, the market may face slower growth and increased challenges in maintaining a competitive edge.

Franchised Dealerships Segment Holds Largest Market Share
The franchised dealerships segment currently commands the largest share of Saudi Arabia Automotive Retail Market by sales channel. Traditional dealerships maintain a dominant position, significantly outpacing online retail platforms. With an extensive network of authorized locations nationwide, these dealerships provide a personalized and tangible purchasing experience that aligns strongly with Saudi consumer preferences. Customers value the opportunity to conduct thorough vehicle inspections, undertake test drives, and receive direct support from informed sales personnel. Furthermore, dealerships benefit from cultural norms that prioritize in-person engagement and the establishment of trust. The provision of comprehensive services, including financing, insurance, and after-sales support, enhances the convenience and reliability of the purchasing process through dealerships. Notably, many dealerships reported robust sales figures in 2023, driven by exclusive manufacturer agreements that ensure access to the latest models and official warranties.
Competitive Landscape
Major companies in Saudi Arabia Automotive Retail Market include Aljomaih Automotive, Abdul Latif Jameel IPR Company Limited, Kia Al Jabr, SAMACO, Al Futtaim Motors, Mohamed Yousuf Naghi Motors Co., and Al Habtoor Motors. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Saudi Arabia Automotive Retail Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Automotive Retail Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

133 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Automotive Retail Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Vision 2030 & Government Initiatives
3.2.1.2. Increasing Cultural Shift
3.2.1.3. Rising Disposable Incomes
3.2.2. Restraints
3.2.2.1. Limited Local Manufacturing
3.2.2.2. Fluctuating Oil Prices & Economic Sensitivity
3.2.3. Opportunities
3.2.3.1. Electric Vehicle Expansion
3.2.3.2. Digital Transformation
3.2.4. Challenges
3.2.4.1. Heavy Reliance on Imports
3.2.4.2. Regulatory Complexity
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Automotive Retail Market: Marketing Strategies
5. Saudi Arabia Automotive Retail Market: Pricing Analysis
6. Saudi Arabia Automotive Retail Market Overview
6.1. Market Size & Forecast, 2019–2031
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.1.1. Passenger Cars
6.2.1.1.1. Hatchbacks
6.2.1.1.2. Sedans
6.2.1.1.3. SUVs
6.2.1.1.4. Coupes & Convertibles
6.2.1.2. Commercial Vehicles
6.2.1.2.1. Light Commercial Vehicles
6.2.1.2.2. Heavy Commercial Vehicles
6.2.1.2.3. Pickup Trucks
6.2.2. By Propulsion Type
6.2.2.1. Internal Combustion Engine
6.2.2.2. Electric Vehicles
6.2.3. By Sales Channel
6.2.3.1. Franchised Dealerships
6.2.3.2. Independent Dealers
6.2.3.3. Online Platforms
7. Competitive Landscape
7.1. List of Key Players and Their End Users
7.2. Saudi Arabia Automotive Retail Company Market Share Analysis, 2024
7.3. Competitive Benchmarking, By Operating Parameters
7.4. Key Strategic Development (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Saudi Arabia Automotive Retail Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
9.1. Aljomaih Automotive
9.2. Abdul Latif Jameel IPR Company Limited
9.3. Kia Al Jabr
9.4. SAMACO
9.5. Al Futtaim Motors
9.6. Mohamed Yousuf Naghi Motors Co.
9.7. Al Habtoor Motors
9.8. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
11.1. Qualitative Research
11.1.1. Primary & Secondary Research
11.2. Quantitative Research
11.3. Market Breakdown & Data Triangulation
11.3.1. Secondary Research
11.3.2. Primary Research
11.4. Breakdown of Primary Research Respondents
11.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Saudi Arabia Automotive Retail Market Segmentation
Figure 2 Saudi Arabia Automotive Retail Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2024
Figure 4 Saudi Arabia Automotive Retail Market Size, By Value (USD Billion), 2019–2031
Figure 5 Saudi Arabia Automotive Retail Market Share, By Vehicle Type, By Value (USD Billion) 2019–2031
Figure 6 Saudi Arabia Automotive Retail Market Share, By Propulsion Type, By Value (USD Billion) 2019–2031
Figure 7 Saudi Arabia Automotive Retail Market Share, By Sales Channel, By Value (USD Billion) 2019–2031
List of Tables
Table 1 Saudi Arabia Automotive Retail Market Share, By Vehicle Type, By Value (USD Billion) 2019–2031
Table 2 Saudi Arabia Automotive Retail Market Share, By Propulsion Type, By Value (USD Billion) 2019–2031
Table 3 Saudi Arabia Automotive Retail Market Share, By Sales Channel, By Value (USD Billion) 2019–2031
Table 4 Aljomaih Automotive Company Overview
Table 5 Aljomaih Automotive Financial Overview
Table 6 Abdul Latif Jameel IPR Company Limited Company Overview
Table 7 Abdul Latif Jameel IPR Company Limited Financial Overview
Table 8 Kia Al Jabr Company Overview
Table 9 Kia Al Jabr Financial Overview
Table 10 SAMACO Company Overview
Table 11 SAMACO Financial Overview
Table 12 Al Futtaim Motors Company Overview
Table 13 Al Futtaim Motors Financial Overview
Table 14 Mohamed Yousuf Naghi Motors Co. Company Overview
Table 15 Mohamed Yousuf Naghi Motors Co. Financial Overview
Table 16 Al Habtoor Motors Company Overview
Table 17 Al Habtoor Motors Financial Overview

Pricing

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