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New Cars in Saudi Arabia

Publisher MarketLine
Published Nov 07, 2024
Length 44 Pages
SKU # MTLN19547162

Description

New Cars in Saudi Arabia

Summary

New Cars in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The Saudi Arabian new cars market recorded revenues of $13.7 billion in 2023, representing a compound annual growth rate (CAGR) of 11.4% between 2018 and 2023.
  • Market consumption volume increased with a CAGR of 11.3% between 2018 and 2023, to reach a total of 643.2 thousand units in 2023.
  • The Saudi Arabian new cars market in 2023 was driven by the country's ongoing economic reforms under Vision 2030 which diversified income sources, leading to higher disposable incomes and greater consumer confidence, encouraging more residents to invest in new vehicles.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Saudi Arabia
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Saudi Arabia
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia new cars market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Saudi Arabia new cars market by value in 2023?
  • What will be the size of the Saudi Arabia new cars market in 2028?
  • What factors are affecting the strength of competition in the Saudi Arabia new cars market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Saudi Arabia's new cars market?

Table of Contents

44 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the recent developments in the mareket?
8 Company Profiles
8.1. Toyota Motor Corp
8.2. Hyundai Motor Co
8.3. Chongqing Changan Automobile Co Ltd
8.4. Renault-Nissan-Mitsubishi Alliance
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Saudi Arabia new cars market value: $ billion, 2018-23
Table 2: Saudi Arabia new cars market volume: units, 2018-23
Table 3: Saudi Arabia new cars market geography segmentation: $ billion, 2023
Table 4: Saudi Arabia new cars market value forecast: $ billion, 2023-28
Table 5: Saudi Arabia new cars market volume forecast: units, 2023-28
Table 6: Saudi Arabia new cars market share: % share, by volume, 2023
Table 7: Toyota Motor Corp: Key Facts
Table 8: Toyota Motor Corp: Annual Financial Ratios
Table 9: Toyota Motor Corp: Key Employees
Table 10: Toyota Motor Corp: Key Employees Continued
Table 11: Hyundai Motor Co: Key Facts
Table 12: Hyundai Motor Co: Annual Financial Ratios
Table 13: Hyundai Motor Co: Key Employees
Table 14: Chongqing Changan Automobile Co Ltd: Key Facts
Table 15: Chongqing Changan Automobile Co Ltd: Annual Financial Ratios
Table 16: Chongqing Changan Automobile Co Ltd: Key Employees
Table 17: Renault-Nissan-Mitsubishi Alliance: Key Facts
Table 18: Saudi Arabia Size of Population (million), 2019-23
Table 19: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 20: Saudi Arabia GDP (Current Prices, $ Billion), 2019-23
Table 21: Saudi Arabia Inflation, 2019-23
Table 22: Saudi Arabia Consumer Price Index (Absolute), 2019-23
Table 23: Saudi Arabia Exchange Rate, 2018-23
List of Figures
Figure 1: Saudi Arabia new cars market value: $ billion, 2018-23
Figure 2: Saudi Arabia new cars market volume: units, 2018-23
Figure 3: Saudi Arabia new cars market geography segmentation: % share, by value, 2023
Figure 4: Saudi Arabia new cars market value forecast: $ billion, 2023-28
Figure 5: Saudi Arabia new cars market volume forecast: units, 2023-28
Figure 6: Forces driving competition in the new cars market in Saudi Arabia, 2023
Figure 7: Drivers of buyer power in the new cars market in Saudi Arabia, 2023
Figure 8: Drivers of supplier power in the new cars market in Saudi Arabia, 2023
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Saudi Arabia, 2023
Figure 10: Factors influencing the threat of substitutes in the new cars market in Saudi Arabia, 2023
Figure 11: Drivers of degree of rivalry in the new cars market in Saudi Arabia, 2023
Figure 12: Saudi Arabia new cars market share: % share, by volume, 2023

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