Automotive Market in GCC 2022-2026

Automotive Market in GCC 2022-2026

Technavio has been monitoring the automotive market in GCC and it is poised to grow by 346.37 th units during 2022-2026, progressing at a CAGR of 6.74% during the forecast period. Our report on the automotive market in GCC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing investment in smart cities and rising investment in automotive manufacturing by member countries. In addition, growing investment in smart cities is anticipated to boost the growth of the market as well.

The automotive market in GCC analysis includes the type segment and geographic landscape.

Technavio's automotive market in GCC is segmented as below:

• By Type
• Passenger cars
• Commercial vehicles
• By Geography
• Saudi Arabia
• UAE
• Kuwait
• Others

This study identifies the commencement of global events such as Dubai Expo and Fifa World Cupas one of the prime reasons driving the automotive market growth in GCC during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automotive market in GCC covers the following areas:

• Automotive market sizing
• Automotive market forecast
• Automotive market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive market vendors in GCC that include BMW AG, Daimler AG, General Motors Co., Hyundai Motor Co., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Stellantis NV, Toyota Motor Corp., and Volkswagen AG. Also, the automotive market in GCC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

BMW AG, Daimler AG, General Motors Co., Hyundai Motor Co., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Stellantis NV, Toyota Motor Corp., Volkswagen AG