KSA Automotive Market | Saudi Arabia Commercial Automotive Market Revenue

Posted January 18, 2021 by kenresearch16

The report covers KSA Automotive Industry, Saudi Arabia Commercial Automotive Market, Saudi Arabia Passenger Automotive Market, Automotive Market in KSA..
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of imports, which basically fulfill ~85-90% of the overall automotive demand in KSA. The availability of only 4 domestic manufacturers in the country is a concern, which is being tackled by lucrative investment opportunities to develop EV & Light vehicle producing plants. Along with vehicles, KSA government is also providing opportunities to develop spare parts manufacturing plants & factories
Impact of COVID-19 on the Automotive Market: Saudi Arabia witnessed a country wide lockdown owing to the COVID-19 with all the industries shut across various province. The complete lockdown in the second quarter of 2020 left a mark on imports & new vehicle sales (down by 60% in July), as demand came to a halt for cross country movements, rental industry & share mobility market (down by ~70% for the 2nd quarter of 2020) also suffered drastically. However, covid-19 has opened various revenue schemes for players by providing them an online presence (E-Retailing penetration of new cars went from 0.5% to ~3% in only a month) & a new market altogether. Ownership period of cars has also increased, directly affecting used car & servicing & repair market
Influx of Domestic & International Capital: The National Industrial Cluster Development Program (NICDP) under the Ministry of Energy, Industry & Mineral Resources is formed to aid automotive related investors & companies in carrying out market research & provide market data to identifying best possible locations, sites, suppliers & staff. Help in evaluating business model options such as FDI, JV & more. The capital of the Saudi Industrial Development Fund (SIDF) has been increased by SR 6 bn ($1.6 bn) to help finance the kingdom’s industrial sector including entry into new industries & revenue streams. The fund provides loans & promotes other investment opportunities, mainly for MSMEs. They further plan to attract more FDI for new ventures as well.
Analysts at Ken Research in their latest publication " KSA Automotive Industry Outlook to 2025 – Focus on Technology Adoption & Trends for Dealers, Distributors, Spare Parts Suppliers, Fleet and Leasing Companies and Car service providers)"observed that the there is a vast opportunity to disrupt the traditional & conservatively operating automotive Industry in the Kingdom of Saudi Arabia. The report discussed the current technology adoption amongst the various segments of players such as Importers, Distributors, Spare Part Dealers, Dealerships, Workshops, car Spas, Rental & Leasing Players amongst more.
The report further analyzed each segment in detail, providing a brief overview along with market size, segmentation, competition analysis, trends, developments & future analysis of various segments, focusing keenly on entity relationships & business models.
These segments are then further analyzed to gain a better understanding of the ERP & CRM modules required to pave the way for digitization amidst the industry, across KSA.
Key Segments Covered:
KSA Imports & Sales Industry (Distributors & Dealerships)
Import & Export Analysis
Competition Analysis of Major OEM Brands
Future Trends & Developments & Growth Factors
KSA Automotive Aftermarket Spare Parts & Service Industry
Spare parts Industry
Aftermarket Service Industry
Competition Analysis of Major Players via Cross Comparisons & Heat Maps
KSA Automotive Leasing & Rental Industry
KSA Rental Industry (Market Size, Competition & Segmentation)
KSA Leasing Industry (Market Size, Competition & Segmentation)
Impact of Covid-19 on KSA Automotive Industry
Impact of Covid 19 on KSA Automotive Industry
Mobility Industry looks forward to Utilize Digital Platforms
Post Covid KSA Automotive Industry Outlook
Technology Adoption & Usage Trends in KSA Automotive Industry
Overview of Industry
KSA Automotive Technology Trends, Adoption & Recommendations
Key Target Audience
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 Technology Consultants
KSA Foreign Relation Ministry
KSA Customs Department
KSA Ports Authority
KSA Automotive Industry
KSA Imports & Export Authority
KSA Hardware Technology Manufacturers
KSA Software Technology Manufacturers
KSA Cloud Storage Providing Enterprises
KSA Public Institutions
Time Period Captured in the Report:
Historical Period: 2014-2019
Forecast Period: 2019-2025
Companies Mentioned:
Importers/Car Dealership
Abdul Latif Jameel Motors
Almajdouie Automotive
Wallan Trading Co.
Mohamed Yousuf Naghi Motors
Haji Husain Alireza & Co.
(Mazda, MAN, Aston Martin)
Nissan Petromin
Manahil International
Aljomaih Automotive Company
Universal Motors Agencies
Kia Al Jabr
Al Yemni Motors
Alissa Universal Motors Co.
Bakhashab Brothers Co.
Alesayi Motor Company
Al Jazirah Vehicles Agency
Juffali Automotive Company
Spare Part Retailers/Wholesalers
Barik International
Babatin Auto Parts
Juffali Auto Parts Company (JAPCO)
M S Almeshri & Bros Co.
AL-OLIAH Auto Spare Parts
Delmon Group of Companies
Munif Al Nahdi Group (Mize)
Bawazeer Auto Parts
Bin sahib
AHQ Parts
Danya Auto Parts
Rezayat Automotive
Saudi Parts Center Company (Al Khorayef Group)
Aftermarket Service Providers
Branded Workshops
SAC Motor
BEC (Best Engine Centre)
Sheikh Center (SKBMW)
Abu Jihad Car Maintenance Center
Ac Delco Service Centres
Tyre Plus
3M Authorized Centre
Car Spa
Car Hub
Petromin Express
Auto Hub
Exxon Mobil
Castrol Branded Workshops
Shell Fastlube
Fuchs One
Grease Monkey
Quick Car Service
Agency Repair
United Motors Express Service Lane
Al Jazeera
Kia Motors
Fast Auto Technic
Mohammed Yousaf Naghi Motors
Land Rover
Quick lane
Nissan Petromin
Haji Husain Alireza & Co.
Universal Motors Agencies
Aljomaih Automotive Company Ltd.
Alesayi Motors
Al Yemni Motors
Alissa Universal Motors Co.
Bakhashab Brothers Co
Al Juffali & Brothers Automotive Ltd.
Wallan Hyundai
Un-Organized/ Independent Players
Middle East Auto Services
German Centre
Alod Haib
Al-Aruba Sinnaiyah
Saudi Chinese Vehicle Repair
Al Shamel Car Maintenance Center
Al Nafie Car Maintenance Workshop
Alsajow Center for Car Maintenance
Red Car
Saudi Egyptian Center for Car Maintenance
Al Bayan Car Maintenance
Mujahid Garage
1 Check Car Services (One Examination Workshop)
Saudi radiators
Global Auto Maintenance
Mohammed Al- Tkhais Abu Rakan
Anwar Al Mamlaka Center
Quick Cars Service
Best Corner Car Maintenance
American Diamond Specialist Center
Cars electricity and air conditioning
Badr Sentop workshop BST
Grace Monkey (International Company)
Super Service Auto Center
German Centre
Rental & Leasing Industry
Rental Players
Budget rent a car
Theeb rent a car
Al Wefaq rent a car
Autoworld rent a car
Key rent a car
Avis rent a car
Hanco rent a car
Samara rent a car
Hertz rent a car
Autorent a car
Leasing Players
Ford Aljazirah
Budget Rent a Car
Universal Motors
Al Jomaih
Best rent a car
Al Tayyar rent a car
Enterprise rent a car
Hanco rent a car
Theeb rent a car
Shary rent a car
ERP & CRM Providing Technical Consultants
Saudi Business Machine
Tata Consultancy Services
Tech Mahindra
NTT Data
CDK Connect
Key Topics Covered in the Report:
Saudi Arabia Automotive Industry Overview
Saudi Arabia Imports & Sales Industry (Distributors & Dealerships)
Automotive Imports & Sales Industry Ecosystem, KSA
Value Chain Analysis of KSA Automotive Imports & Sales
Annual Automotive Imports Traffic for Major KSA Ports
Analysis of Imported Goods & Major Countries Importing in KSA
Value & Volume of Vehicles Imported, KSA
Segmentation of Imports on the basis of Vehicle Type, KSA
Automotive Vehicle Manufacturing Clusters Analysis, KSA
New Motor Vehicle Sales, KSA
Market Segmentation of Automotive Sales on the basis of Region, KSA
Demographics of KSA Citizens Supporting Automotive Industry, (2019)
Segmentation of Vehicle Sales on the basis of Brands & Vehicle Type, KSA
Market share of International OEMs in New Vehicle Sales, KSA (2019)
Competition Analysis of Automotive Imports & Sales Industry, KSA (2019)
Profiles of Major Dealerships & Distributors
Business Model & Revenue Stream of Importers/Distributors/Dealerships
Trends & Developments in Automotive Vehicle Industry
Future of Imports & Sales
KSA Automotive Aftermarket Spare Parts & Service Industry
KSA Aftermarket Industry Ecosystem
Aftermarket Spare Parts Industry
KSA Aftermarket Service Industry
Future Trends of Aftermarket Spare Parts & Service Industry
KSA Automotive Leasing & Rental Industry
Macroeconomic Overview of the Rental & Leasing Industry
KSA Automotive Leasing (Long Term) Industry
KSA Rental Industry
Future of Leasing & Rental Industry
Impact of Covid-19 on KSA Automotive Industry
Impact of Covid 19 on KSA Automotive Industry
Mobility Industry looks forward to Utilize Digital Platforms
Post Covid KSA Automotive Industry Outlook
Technology Adoption & Usage Trends in KSA Automotive Industry
Overview of Industry
KSA Automotive Technology Trends, Adoption & Recommendations
For more information on the research report, refer to below link:
Automotive Market in KSA
Related Reports:-
Saudi Arabia Used Car Market Outlook to 2025- By Market Structure (Organized & Unorganized), By Type Of Car (Sedans & Hatchbacks, SUVs & Crossovers, Pick-Ups And Luxury), By Brand (Toyota, Hyundai, GMC & Chevrolet, Ford And Others), By Type Of Sourcing, By Age Of Vehicle (Less Than 1 Year, 1-3 Years, 3-5 Years & More Than 5 Years), By Kilometers Driven (Less Than 50,000 Km, 50,000-80,000 Km, 80,000-120,000 Km & More Than 120,000 Km) And By Region (Northern, Southern, Central, Eastern And Western)
Saudi Arabia Automotive & Spare Parts Logistics Market Outlook to 2025: Lifting Of Ban on Female Drivers and Growing Aftermarket for Spare Parts to Influence Market Growth
Saudi Arabia Car Rental and Leasing Market Outlook to 2023- By Business Model (Car Leasing and Car Rental), By Fleet Type (Small Category, Medium Category, SUV, Premium/Luxury) and By End Users (Logistics, FMCG, Oil & Gas, Construction, Government and Others)
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
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Issued By Ken Research
Country India
Categories Automotive , Reports , Research
Tags ford car sales saudi arabia , hyundai car sales saudi arabia , ks aautomotive import regulations , saudi arabia automotive dealers , saudi arabia automotive exhibitions , saudi arabia demographic factors , saudi arabia used car imports , toyota car sales saudi arabia
Last Updated January 18, 2021