Press release
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Research Report
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of imports, which basically fulfill ~85-90% of the overall automotive demand in KSA. The availability of only 4 domestic manufacturers in the country is a concern, which is being tackled by lucrative investment opportunities to develop EV & Light vehicle producing plants. Along with vehicles, KSA government is also providing opportunities to develop spare parts manufacturing plants & factories
Impact of COVID-19 on the Automotive Market: Saudi Arabia witnessed a country wide lockdown owing to the COVID-19 with all the industries shut across various province. The complete lockdown in the second quarter of 2020 left a mark on imports & new vehicle sales (down by 60% in July), as demand came to a halt for cross country movements, rental industry & share mobility market (down by ~70% for the 2nd quarter of 2020) also suffered drastically. However, covid-19 has opened various revenue schemes for players by providing them an online presence (E-Retailing penetration of new cars went from 0.5% to ~3% in only a month) & a new market altogether. Ownership period of cars has also increased, directly affecting used car & servicing & repair market
Influx of Domestic & International Capital: The National Industrial Cluster Development Program (NICDP) under the Ministry of Energy, Industry & Mineral Resources is formed to aid automotive related investors & companies in carrying out market research & provide market data to identifying best possible locations, sites, suppliers & staff. Help in evaluating business model options such as FDI, JV & more. The capital of the Saudi Industrial Development Fund (SIDF) has been increased by SR 6 bn ($1.6 bn) to help finance the kingdom’s industrial sector including entry into new industries & revenue streams. The fund provides loans & promotes other investment opportunities, mainly for MSMEs. They further plan to attract more FDI for new ventures as well.
Analysts at Ken Research in their latest publication " 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 discussed the current technology adoption amongst the various segments of players such as Importers, Distributors, Spare Part Dealers, Dealerships, Workshops, car Spas, Rental & Leasing Players amongst more.
The report further analyzed each segment in detail, providing a brief overview along with market size, segmentation, competition analysis, trends, developments & future analysis of various segments, focusing keenly on entity relationships & business models.
These segments are then further analyzed to gain a better understanding of the ERP & CRM modules required to pave the way for digitization amidst the industry, across KSA.
Key Segments Covered:
KSA Imports & Sales Industry (Distributors & Dealerships)
Import & Export Analysis
Competition Analysis of Major OEM Brands
Future Trends & Developments & Growth Factors
KSA Automotive Aftermarket Spare Parts & Service Industry
Spare parts Industry
Aftermarket Service Industry
Competition Analysis of Major Players via Cross Comparisons & Heat Maps
KSA Automotive Leasing & Rental Industry
KSA Rental Industry (Market Size, Competition & Segmentation)
KSA Leasing Industry (Market Size, Competition & Segmentation)
Impact of Covid-19 on KSA Automotive Industry
Impact of Covid 19 on KSA Automotive Industry
Mobility Industry looks forward to Utilize Digital Platforms
Post Covid KSA Automotive Industry Outlook
Technology Adoption & Usage Trends in KSA Automotive Industry
Overview of Industry
KSA Automotive Technology Trends, Adoption & Recommendations
Key Target Audience
KSA Car Dealerships
KSA Automotive Industry
KSA Automotive Workshops
KSA Spare Parts Retailers
KSA Automotive Logistic Service Providers
KSA Car Rental Players
KSA Car Leasing Players
KSA ERP Service Providers
KSA Technology Consultants
KSA Foreign Relation Ministry
KSA Customs Department
KSA Ports Authority
KSA Automotive Industry
KSA Imports & Export Authority
KSA Hardware Technology Manufacturers
KSA Software Technology Manufacturers
KSA Cloud Storage Providing Enterprises
KSA Public Institutions
Time Period Captured in the Report:
Historical Period: 2014-2019
Forecast Period: 2019-2025
Companies Mentioned:
Importers/Car Dealership
Abdul Latif Jameel Motors
Almajdouie Automotive
Wallan Trading Co.
Mohamed Yousuf Naghi Motors
Haji Husain Alireza & Co.
(Mazda, MAN, Aston Martin)
Nissan Petromin
Manahil International
Aljomaih Automotive Company
Universal Motors Agencies
Kia Al Jabr
Al Yemni Motors
Alissa Universal Motors Co.
Bakhashab Brothers Co.
Alesayi Motor Company
Al Jazirah Vehicles Agency
Juffali Automotive Company
Spare Part Retailers/Wholesalers
Balubaid
Barik International
Babatin Auto Parts
Speero
Juffali Auto Parts Company (JAPCO)
Samaco
M S Almeshri & Bros Co.
AL-OLIAH Auto Spare Parts
Delmon Group of Companies
SNAM
Ubuy
Munif Al Nahdi Group (Mize)
Odiggo
Accidom
Bawazeer Auto Parts
Bin sahib
AHQ Parts
Danya Auto Parts
Rezayat Automotive
Saudi Parts Center Company (Al Khorayef Group)
Aftermarket Service Providers
Branded Workshops
AutoFix
SAC Motor
Castrol
BEC (Best Engine Centre)
Sheikh Center (SKBMW)
Abu Jihad Car Maintenance Center
Ac Delco Service Centres
Tyre Plus
3M Authorized Centre
Mize
AdinLub
Car Spa
Car Hub
Ezhalha
Petromin Express
Auto Hub
Exxon Mobil
Autoworld
Castrol Branded Workshops
Shell Fastlube
Fuchs One
NAFT
Ziebart
Grease Monkey
Quick Car Service
Morni
Agency Repair
Samaco
United Motors Express Service Lane
Al Jazeera
Renault
Kia Motors
Fast Auto Technic
Mohammed Yousaf Naghi Motors
Porsche
Land Rover
Quick lane
Nissan Petromin
Haji Husain Alireza & Co.
Universal Motors Agencies
Aljomaih Automotive Company Ltd.
Alesayi Motors
Al Yemni Motors
Alissa Universal Motors Co.
Bakhashab Brothers Co
Al Juffali & Brothers Automotive Ltd.
Wallan Hyundai
Un-Organized/ Independent Players
Middle East Auto Services
Carzzone
German Centre
Cartech
Alod Haib
Al-Aruba Sinnaiyah
Saudi Chinese Vehicle Repair
Al Shamel Car Maintenance Center
Al Nafie Car Maintenance Workshop
Alsajow Center for Car Maintenance
Red Car
Saudi Egyptian Center for Car Maintenance
SRT 8
Al Bayan Car Maintenance
Mujahid Garage
1 Check Car Services (One Examination Workshop)
Saudi radiators
Global Auto Maintenance
Mohammed Al- Tkhais Abu Rakan
Anwar Al Mamlaka Center
Quick Cars Service
Best Corner Car Maintenance
American Diamond Specialist Center
Cars electricity and air conditioning
Badr Sentop workshop BST
Grace Monkey (International Company)
Super Service Auto Center
XEOEX
German Centre
AutoGard
Rental & Leasing Industry
Rental Players
Budget rent a car
Theeb rent a car
Al Wefaq rent a car
Autoworld rent a car
Key rent a car
Avis rent a car
Hanco rent a car
Samara rent a car
Hertz rent a car
Autorent a car
Leasing Players
Ford Aljazirah
Budget Rent a Car
Universal Motors
Al Jomaih
Best rent a car
Al Tayyar rent a car
Enterprise rent a car
Hanco rent a car
Theeb rent a car
Shary rent a car
ERP & CRM Providing Technical Consultants
Britehouse
Techedge
Saudi Business Machine
Tyconz
Accenture
Tata Consultancy Services
Tech Mahindra
HCL
Unitrans
NTT Data
Deloitte
CDK Connect
Seidor
Wipro
Key Topics Covered in the Report:
Saudi Arabia Automotive Industry Overview
Saudi Arabia Imports & Sales Industry (Distributors & Dealerships)
Automotive Imports & Sales Industry Ecosystem, KSA
Value Chain Analysis of KSA Automotive Imports & Sales
Annual Automotive Imports Traffic for Major KSA Ports
Analysis of Imported Goods & Major Countries Importing in KSA
Value & Volume of Vehicles Imported, KSA
Segmentation of Imports on the basis of Vehicle Type, KSA
Automotive Vehicle Manufacturing Clusters Analysis, KSA
New Motor Vehicle Sales, KSA
Market Segmentation of Automotive Sales on the basis of Region, KSA
Demographics of KSA Citizens Supporting Automotive Industry, (2019)
Segmentation of Vehicle Sales on the basis of Brands & Vehicle Type, KSA
Market share of International OEMs in New Vehicle Sales, KSA (2019)
Competition Analysis of Automotive Imports & Sales Industry, KSA (2019)
Profiles of Major Dealerships & Distributors
Business Model & Revenue Stream of Importers/Distributors/Dealerships
Trends & Developments in Automotive Vehicle Industry
Future of Imports & Sales
KSA Automotive Aftermarket Spare Parts & Service Industry
KSA Aftermarket Industry Ecosystem
Aftermarket Spare Parts Industry
KSA Aftermarket Service Industry
Future Trends of Aftermarket Spare Parts & Service Industry
KSA Automotive Leasing & Rental Industry
Macroeconomic Overview of the Rental & Leasing Industry
KSA Automotive Leasing (Long Term) Industry
KSA Rental Industry
Future of Leasing & Rental Industry
Impact of Covid-19 on KSA Automotive Industry
Impact of Covid 19 on KSA Automotive Industry
Mobility Industry looks forward to Utilize Digital Platforms
Post Covid KSA Automotive Industry Outlook
Technology Adoption & Usage Trends in KSA Automotive Industry
Overview of Industry
KSA Automotive Technology Trends, Adoption & Recommendations
For more information on the research report, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/ksa-automotive-industry-outlook-to-2025/401374-100.html
Related Reports:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-used-car-market-outlook-to-2025/356552-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/saudi-arabia-automotive-and-spare-parts-logistics-market-outlook-to-2025/373314-100.html
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/saudi-arabia-car-rental-leasing-market/214914-100.html
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Research Report here
News-ID: 2226729 • Views: …
More Releases from Ken Research Pvt Ltd
Increase in cybercrime results in India Digital Forensic Market to rise, with an …
With the rise in digital threats and cybercrimes, India Digital Forensic Market makes successive changes like integration of Artificial Intelligence, and marking its overall growth.
STORY OUTLINE
Using techniques like Data Recovery, Log Analysis and more, India Digital Forensic Market enhances its Computer Forensics.
Upgrades towards Network and Mobile Forensics are improving in cyber threats prevention, marking its increase in efficiency and security.
With the incorporation of Cloud Based services, advanced methods and easy…
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken …
Due to recent pandemic of Covid 19 health insurance market has grabbed growth ensuring economic help to comman man for better health care facilities with easy money handling and increasing awareness especially after COVID 19.
STORY OUTLINE
Launch of new policies, mergers, acquisitions and partnerships to propel growth in future
Covid 19 has a huge impact on the health insurance market on Global level.
Factors, which are responsible for the growth, are the higher…
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Anticipated to achieve a CAGR of approximately 3.5% (2022-2027), the UK's agricultural equipment market expanded between 2014 and 2018, yet faced a significant downturn in 2019-2020 due to COVID-19.
STORY OUTLINE
The investment landscape in the UK agricultural equipment market is diverse, offering a spectrum of opportunities from established manufacturers to startups driving disruptive change.
Investors can benefit from the technological prowess of leading manufacturers like John Deere, CNH Industrial, and AGCO Corporation…
Unveiling the Thriving Landscape of UAE's IT Service Market
The IT services sector encompasses a diverse range of offerings, including but not limited to Cloud services, Cloud Applications, Datacenters, Artificial Intelligence (AI), Consulting Services, Connectivity Solutions, Security services, and other related services.
STORY OUTLINE
Digital Transformation Drive: UAE's IT market thrives on visionary government initiatives like "Smart Dubai" and "UAE Vision 2021," spurring sectoral evolution.
Cloud's Ascendancy: Rapid cloud adoption, coupled with AI, IoT, and blockchain, reshapes industries for scalability and innovation.
Security…
More Releases for KSA
KSA LEV Market | KSA LEV Industry | Electric Vehicle Saudi Arabia | KSA Light El …
The report titled “Future Potential Market of LEVs in Last Mile Delivery Industry in KSA – Favorable Government Policies and Better Charging Infrastructure Availability to drive the LEV Sales in KSA Market” provides a comprehensive analysis of the future potential of Light Electric Vehicle industry in Last Mile Delivery Industry in the KSA. The report covers various aspects including the current EV Scenario and charging infrsatructure status in KSA along…
Automotive Industry in KSA | Automotive Market in KSA | Saudi Arabia Used Car Ma …
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 needs. However, rapid digitization along with various government incentives are set to change the gears of…
Saudi Arabia: Country Intelligence Market Research Report 2018 by Foremost Playe …
"Saudi Arabia: Country Intelligence Report", a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in Saudi Arabia today, with detailed forecasts of key indicators up to 2022. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile and pay-TV segments, as well as a review of…
Waste management & Recycling KSA Expo 2017
Waste Management & Recycling Expo brings together the entire industry to help influence the targeted sectors in a such a big country as Saudi Arabia with its huge market potentials.
The Market:
The world’s dependence on Middle East energy resources has caused the region to have some of the largest carbon footprints per capita worldwide. The region is now getting ready to meet the challenge of global warming and especially with the…
KSA Gears Up To Propagate Trigeneration Technology
Trigeneration - or combined cooling, heat and power (CCHP) is a revolutionary technology that not only has a host of applications but also has a positive impact on the environment alongside tangible benefits when it comes down to energy-cost savings. By using less fuel to drive the engine at the heart and avoiding the cost of transporting the power from one place to another, Trigeneration is paving a path…
KSA Steel Industry Forecast 2015
RNCOS has recently added a new Market Research Report titled, “KSA Steel Industry Forecast 2015” to its report gallery. Saudi Arabia has become one of the largest steel consumers in the GCC region owing to rising steel demand for infrastructure and construction projects. The construction sector in the country is considered as the largest and the fastest growing market in the Gulf region with huge growth potential. Due to increasing…
