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New Cars in Middle East & Africa

  • PDF Icon

    Report

  • 45 Pages
  • September 2025
  • Region: Africa, Middle East
  • MarketLine
  • ID: 6214202
Description Jump to:
New Cars in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The Middle East & African new cars market recorded revenues of $50.9 billion in 2024, representing a compound annual growth rate (CAGR) of 1.9% between 2019 and 2024.
  • Market consumption volume increased with a CAGR of 4% between 2019 and 2024, reaching a total of 1,720,266.0 units in 2024.
  • In 2024, Saudi Arabia accounted for a share of 30.0% of the Middle East & African new cars market, making it the largest market in the region. It was followed by the United Arab Emirates (UAE) with a share of 28.2%.

Report Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in Middle East & Africa
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Middle East & Africa
  • 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 Middle East & Africa new cars market with five year forecasts

Reasons to Buy

  • What was the size of the Middle East & Africa new cars market by value in 2024?
  • What will be the size of the Middle East & Africa new cars market in 2029?
  • What factors are affecting the strength of competition in the Middle East & Africa new cars market?
  • How has the market performed over the last five years?
  • How large is Middle East & Africa’s new cars market in relation to its regional counterparts?

Table of Contents

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 strategies of the leading players?
7.4. What are the strengths of the leading players?
7.5. What have been the most recent market developments?
8 Company Profiles
8.1. Stellantis NV
8.2. Toyota Motor Corp
8.3. Renault-Nissan-Mitsubishi Alliance
8.4. Hyundai Motor Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Related research
10.3. About the Publisher
List of Tables
Table 1: Middle East & Africa new cars market value: $ billion, 2019-24
Table 2: Middle East & Africa new cars market volume: units, 2019-24
Table 3: Middle East & Africa new cars market geography segmentation: $ billion, 2024
Table 4: Middle East & Africa new cars market value forecast: $ billion, 2024-29
Table 5: Middle East & Africa new cars market volume forecast: units, 2024-29
Table 6: Middle East & Africa new cars market share: % share, by volume, 2024
Table 7: Stellantis NV: Key Facts
Table 8: Stellantis NV: Annual Financial Ratios
Table 9: Stellantis NV: Key Employees
Table 10: Stellantis NV: Key Employees Continued
Table 11: Toyota Motor Corp: Key Facts
Table 12: Toyota Motor Corp: Annual Financial Ratios
Table 13: Toyota Motor Corp: Key Employees
Table 14: Renault-Nissan-Mitsubishi Alliance: Key Facts
Table 15: Renault-Nissan-Mitsubishi Alliance: Key Employees
Table 16: Hyundai Motor Co: Key Facts
Table 17: Hyundai Motor Co: Annual Financial Ratios
Table 18: Hyundai Motor Co: Key Employees
Table 19: Hyundai Motor Co: Key Employees Continued
Table 20: Middle East & Africa Size of Population (Million), 2020-24
Table 21: Middle East & Africa Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Middle East & Africa GDP (Current Prices, $ Billion), 2020-24
Table 23: Middle East & Africa Inflation, 2020-24
Table 24: Middle East & Africa Consumer Price Index (Absolute), 2020-24
Table 25: Middle East & Africa Exchange Rate, 2019-24
List of Figures
Figure 1: Middle East & Africa new cars market value: $ billion, 2019-24
Figure 2: Middle East & Africa new cars market volume: units, 2019-24
Figure 3: Middle East & Africa new cars market geography segmentation: % share, by value, 2024
Figure 4: Middle East & Africa new cars market value forecast: $ billion, 2024-29
Figure 5: Middle East & Africa new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in Middle East & Africa, 2024
Figure 7: Drivers of buyer power in the new cars market in Middle East & Africa, 2024
Figure 8: Drivers of supplier power in the new cars market in Middle East & Africa, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Middle East & Africa, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in Middle East & Africa, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in Middle East & Africa, 2024
Figure 12: Middle East & Africa new cars market share: % share, by volume, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Stellantis NV
  • Toyota Motor Corp
  • Renault-Nissan-Mitsubishi Alliance
  • Hyundai Motor Co

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About the New Cars Market

The New Cars market is a segment of the Cars industry that focuses on the sale of recently manufactured vehicles. It is a highly competitive market, with manufacturers and dealers competing for customers. Consumers have a wide range of options when it comes to purchasing a new car, from traditional dealerships to online retailers. Many manufacturers offer incentives such as discounts, financing, and extended warranties to attract buyers. The New Cars market is also heavily influenced by technological advancements, with manufacturers introducing new features and technologies to their vehicles. This includes features such as autonomous driving, advanced safety systems, and improved fuel efficiency. Some of the major players in the New Cars market include Ford, General Motors, Toyota, Honda, Volkswagen, and Hyundai. Show Less Read more

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