Saudi Arabia New Cars Market to 2027

Saudi Arabia New Cars Market to 2027


Summary
New Cars in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
  • The Saudi Arabian new cars market had total revenues of $10.5 billion in 2022, representing a compound annual growth rate (CAGR) of 17.8% between 2017 and 2022.
  • The market consumption volume increased with a CAGR of 18.1% between 2017 and 2022, to reach a total of 522,723.0 units in 2022.
  • Saudi Arabia captured the largest share of the Middle East new cars market, accounting for a share of 32.8% in 2022. The growth in the Saudi Arabian new cars market is influenced by several macroeconomic factors growing consumer confidence and rising GDP.
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
Reasons to Buy
  • What was the size of the Saudi Arabia new cars market by value in 2022?
  • What will be the size of the Saudi Arabia new cars market in 2027?
  • 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?
  • What are the main segments that make up Saudi Arabia's new cars market?


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 strengths of the leading players?
7.4. What strategies do the leading players follow?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. Toyota Motor Corporation
8.2. Hyundai Motor Company
8.3. Renault–Nissan–Mitsubishi Alliance
8.4. Chongqing Changan Automobile Co Ltd
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, 2017–22
Table 2: Saudi Arabia new cars market volume: units, 2017–22
Table 3: Saudi Arabia new cars market geography segmentation: $ billion, 2022
Table 4: Saudi Arabia new cars market value forecast: $ billion, 2022–27
Table 5: Saudi Arabia new cars market volume forecast: units, 2022–27
Table 6: Saudi Arabia new cars market share: % share, by volume, 2022
Table 7: Toyota Motor Corporation: key facts
Table 8: Toyota Motor Corporation: Annual Financial Ratios
Table 9: Toyota Motor Corporation: Key Employees
Table 10: Toyota Motor Corporation: Key Employees Continued
Table 11: Hyundai Motor Company: key facts
Table 12: Hyundai Motor Company: Annual Financial Ratios
Table 13: Hyundai Motor Company: Key Employees
Table 14: Hyundai Motor Company: Key Employees Continued
Table 15: Renault–Nissan–Mitsubishi Alliance: key facts
Table 16: Chongqing Changan Automobile Co Ltd: key facts
Table 17: Chongqing Changan Automobile Co Ltd: Annual Financial Ratios
Table 18: Chongqing Changan Automobile Co Ltd: Key Employees
Table 19: Saudi Arabia size of population (million), 2018–22
Table 20: Saudi Arabia gdp (constant 2005 prices, $ billion), 2018–22
Table 21: Saudi Arabia gdp (current prices, $ billion), 2018–22
Table 22: Saudi Arabia inflation, 2018–22
Table 23: Saudi Arabia consumer price index (absolute), 2018–22
Table 24: Saudi Arabia exchange rate, 2018–22
List of Figures
Figure 1: Saudi Arabia new cars market value: $ billion, 2017–22
Figure 2: Saudi Arabia new cars market volume: units, 2017–22
Figure 3: Saudi Arabia new cars market geography segmentation: % share, by value, 2022
Figure 4: Saudi Arabia new cars market value forecast: $ billion, 2022–27
Figure 5: Saudi Arabia new cars market volume forecast: units, 2022–27
Figure 6: Forces driving competition in the new cars market in Saudi Arabia, 2022
Figure 7: Drivers of buyer power in the new cars market in Saudi Arabia, 2022
Figure 8: Drivers of supplier power in the new cars market in Saudi Arabia, 2022
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Saudi Arabia, 2022
Figure 10: Factors influencing the threat of substitutes in the new cars market in Saudi Arabia, 2022
Figure 11: Drivers of degree of rivalry in the new cars market in Saudi Arabia, 2022
Figure 12: Saudi Arabia new cars market share: % share, by volume, 2022

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