KSA Automotive Aftermarket Service Industry Adds around SAR 30 Bn in 2022 – What Lies Ahead for Saudi Arabia’s Auto Service Sector? Ken Research

Automotive Industry in KSA is expected to growth at a robust CAGR of 9.8% in next 5 years, says a report by Ken Research 1. KSA Aftermarket Services: Overcoming Challenges of Pandemic-induced Downturn with a Positive Outlook for the Future. To Know About KSA Aftermarket Service Industry Overview: Click Here Dealer owned service centers are able to earn maximum… Read More »

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… Read More »

KSA Automotive Industry Set to Grow @ 12% amidst VISION 2030 Program Enabling Domestic Manufacturing & Penetration of Technology Leading to Automation: Ken Research

Chinese carmaker Chery eyes Saudi Arabian market. Despite the repercussions of the pandemic for the automotive sector, Chery witnessed increased demand since the beginning of 2019, as the company launched its latest models designed with more presentable external frames and attractive interior compartments, and equipped with the latest technological features to meet the aspirations of… Read More »

Growth in Trends of KSA Automotive Market Outlook: Ken Research

The automotive industry entails a broad variety of corporates and organization comprised in the design, improvements, manufacturing, marketing and selling of the motor vehicles. It is one of the world’s largest industries by revenue. The country’s automotive segment is powered by the increasing populace, growing disposable income, and comfort of availability of the credit and… Read More »

Future Growth of KSA Automotive Industry Outlook: Ken Research

KSA Aftermarket Service Industry Organized sector of KSA Automotive Aftermarket service dominated the industry in terms of revenue earned in the market. It majorly comprises of agency repair (dealership led) & branded workshops across the country, along with the unorganized segment, comprising of only independent workshops. The procurement of spare parts also differ for all… Read More »

KSA Automotive Industry | KSA Automotive Market | Covid-19 Impact on KSA Automotive Industry: Ken Research

KSA Automotive Industry: Overview & Ecosystem Kingdom of Saudi Arabia, currently enjoys a strategic position in terms of geography & development of industries with growing economy & improving trade participation in the world. Their automotive industry provides opportunity of high growth with the absence of domestic manufacturing & core dependence on imports for domestic vehicle… Read More »

KSA Automotive Industry Showing Promising Growth of ~12% (2014-2019) Via Efforts of Domestic Dealers Helping in Promoting OEM Brands by Local Retail Network: Ken Research

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… Read More »

KSA Automotive Industry Outlook to 2025: Ken Research

The report titled “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… Read More »