New Cars in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Saudi Arabian new cars market recorded revenues of $15.3 billion in 2024, representing a compound annual growth rate (CAGR) of 7.1% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 9.4% between 2019 and 2024, reaching a total of 718,691.0 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.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume
Reasons to Buy
- What was the size of the Saudi Arabia new cars market by value in 2024?
- What will be the size of the Saudi Arabia new cars market in 2029?
- 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?
- Who are the top competitors in Saudi Arabia's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Toyota Motor Corp
- Hyundai Motor Co
- Renault-Nissan-Mitsubishi Alliance
- Ford Motor Co
