KSA Automotive Market Sells Over 600,000 Cars in 2022 with a Blend of Imports and Domestic Production. What’s Next for the Future of the Industry? : Ken Research

Automotive Industry in KSA has shown growth of CAGR of 3.5% during 2017-2022, says a report by Ken Research

1. Rebounding Strong: How Rising Consumer Sentiments Since the 2014 Oil Price Crisis are Driving a Resilient Economy Focused on Local Manufacturing and Efficient Digitization.

To know Demographics of KSA Citizens Supporting Automotive Industry: Click Here

• A stable political environment under the current King & Crown Price. Saudi Vision 2030 launched under their leadership also provides a positive boost for investors.

• Saudi Vision 2030 & the aim to reduce dependence on oil exports. Further investment by government into domestic manufacturing & assembly of automotive. Support from the government and development of automotive & spare part clusters to boost re exports & international sales.

• Influx of female drivers stimulating demand for new & used vehicles leading to high vehicle ownership and rising propensity to spend.
• Rising adoption of technologies such as WMS, VMS, RFID & GPS Tracking by Dealerships & car service centers to improve operational efficiency.

• The harsh & hot climatic conditions of the Kingdom warrant frequent replacement periods of auto spare parts.
• Lifting of ban on women drivers creating a favorable environment for the growth of automotives.

2. Gateway to the Kingdom: Jeddah Islamic and Dammam Ports Leading Imports with Easy Connectivity and Advanced Infrastructure Development.

To learn more about this report Download a Free Sample Report

3. Building for the Future: Saudi Vision 2030’s Drive for World-Class Domestic Manufacturing and Export Facilitation in the MENA Region.

Visit this Link: – Request for custom report

Major Players Mentioned in the Report:

Car Dealerships:

• AJL
• Yusuf Naghi
• Juffali
• UMA

Spare Parts Retailers:

• Speero
• Atlobha
• Odiggo
• Ubuy

Request free 30 minutes analyst call

Car Repair Service Centers:

• Petromin
• Auto Focus

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• 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 Ports Authority

Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Automotive Market

Related Reports by Ken Research:-

Egypt Automotive Aftermarket Service Industry Outlook to 2027

UAE Automotive Aftermarket Service Industry Outlook to 2026

Tags: Auto Industry KSA, Branded Auto Workshops Entities KSA, Buses Segments Income KSA, Central Region Auto Industry KSA, Challenges Automotive Sector KSA, Competitors in KSA Automobile Market, Eastern KSA Automobile Market, Emerging Players in KSA Car Sector, Fund Raised Startup in KSA Vehicle Industry, Investment Car Market KSA, KSA Auto Focus Market Capture, KSA Automobile Market, KSA Automotive Industry, KSA Automotive Market, KSA Automotive Market Trends, KSA Automotive Sector, KSA Car Agency Repair Entities Market, KSA Car Sector Outlook, KSA Full Size Vans Sector Outlook, KSA Medium Sedans Ticket Size, KSA Motorcar Sector Outlook, KSA Motorcycle Sector Growth, KSA Sedans Industry, KSA Sports Cars Market Capture, KSA Trucks Segment Revenue, KSA Vehicle Industry, Large Sedans Division KSA, Leading Players in KSA Auto Industry, Major Players in KSA Vehicle Industry, Motor Vehicle Market KSA, MPV Market Share KSA, Northern Automotive Sector KSA, Number of Auto Service Centers in KSA, Number of Automotive Showrooms in KSA, Number of Car Plates Issued in KSA, Number of Driving Licenses Issued in KSA, Number of Motor Vehicles Imported in KSA, Number of New Car Sales in KSA, Number of Spare Parts Imported in KSA, Opportunities KSA Auto Industry, Passenger Cars Market Position KSA, Pick-up Trucks Sector KSA, Small Sedans Customer Base KSA, Southern KSA Car Sector Outlook, Top Captive Players in KSA Motor Vehicle Market, Un-Organized Car Workshops Industry KSA, Vehicle Finance Companies in KSA, Western Motor Vehicle Market KSA