KSA Auto Finance Market Is Expected To Grow with Credit Disbursed Expected to Reach SAR 25,338.2 Mn by 2026F: Ken Research Entry of women drivers in the market is expected to lead to an increase in the total cars sold, thereby positively affecting the credit disbursed in KSA Auto Finance market. The Vision 2030 project in KSA has massive plans for the economy targeting to improve employment figures that might aid the auto finance market in… Read More »
KSA Auto Finance Market Research Report, Industry Analysis and Outlook to 2026F: Ken Research How Is Auto Finance Market Positioned In KSA? KSA Auto Finance Market Overview KSA Auto-Finance Market Disbursed Total Credit worth SAR ~ Mn in 2021, with a CAGR of ~% over 2018-21 Due to Covid-19 and Semi-Conductor Chip Shortage. Market is in Growing Stage, Being Driven by Banks and NBFCs And Introduction of Fin-tech Companies… Read More »
90% of Credit Disbursed In KSA Auto Finance Market Is Contributed By New Car Segment Because Of the Trend To Change Car Every 5 Years: Ken Research KSA is already the largest market for new and used cars as well as car parts in the Gulf region and the Middle East, thereby having ample growth opportunities for Auto Finance industry in the country. KSA Automotive Market Overview: Saudi Arabia is the largest car market in the GCC which includes Bahrain, Kuwait, Oman,… 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 »
Future of Saudi Arabia Used Car Market Growth Rate: Ken Research How Is the Saudi Arabia Used Car Market Positioned? The Kingdom of Saudi Arabia is the largest automotive market in the GCC & the gulf region. It is an important market for car manufacturers and is home to various automotive OEMs. The growing disposable incomes of the people and the recent addition of women drivers… Read More »
