Saudi Arabia Passenger Car Market - Outlook to 2024
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Passenger Car Market By Vehicle Type (Hatchback, Sedan, MPV, Pick up and SUV), By Fuel Type (Petrol, Diesel and Others), By Transmission Type (MT and AT), Competition, Forecast & Opportunities, 2024” (http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-passenger-car-market-by-vehicle-type-hatchback-sedan-mpv-pickup-and-suv-by-fuel-type-petrol-diesel-/739295) under Heavy Industry category. The Saudi Arabia Passenger Car Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Passenger Car Market was valued at over $ 11 billion in 2018 and is projected to grow at a CAGR of around 16% to surpass $ 28 billion by 2024 on account of increasing per capita income and developing infrastructure of the country. Upliftment of ban from women driving along with increasing number of CKD plants are further driving growth of the market in the country. Moreover, Saudi Arabia is the one of the largest auto and auto parts market in the Middle East, accounting for over 30 per cent of all vehicles sold in the region. Also, the Saudi government is looking to develop domestic automotive industries and is encouraging global vehicle manufacturers to establish local operations, which would further drive Saudi Arabia passenger car market in the coming years.
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Last Update : 20 September 2019
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|Item Owner : Sharon Williams|
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