GCC Light Commercial Vehicle Market, By Vehicle Type (Pickup Truck, Van, Light Bus), By Fuel Type (Petrol, Diesel, Alternate), By End User (Individual vs Fleet Owner), By Country, Competition Forecast & Opportunities, 2018-2028

Industry : Automotive
Pages : 80
Published Date : February, 2023

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Summary

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Report Description

GCC Light Commercial Vehicle Market was valued at USD 7,136.60 million in 2022 and is forecast to grow at a CAGR of 8.64% to reach USD 11,917.51 million in the year 2028. In 2022, the GGC light commercial vehicle has a total volume of 153.79 thousand units, and the market is expected to have 232.69 thousand units’ volume in the coming year 2028, with the CAGR of 6.86%.

The rapid expansion plans in the region have resulted in the rise of construction activities. The number of residential housing and other infrastructural facilities will expand as the population grows, spurring an increase in construction activities. As the construction activities has increases the need for construction vehicles has also increases in the GCC countries. The GGC countries has seen an increase in demand for the light commercial vehicles, as the infrastructure projects and other innovations will also arise as the private sector expands in the upcoming years. As a result, the GCC countries will see an increase in demand for light commercial cars throughout the forecasted years.

The governments of the Gulf Cooperation Council (GCC) region have slowed down international trade because of the economic crisis brought on by the epidemic and the decline in oil prices.

Rising E-commerce Industry

Major changes in the GCC's countries e-commerce sector are driving the market for light commercial vehicles. Sales of light commercial vehicles are anticipated to rise because of prompt item delivery to clients. From 2019 to 2022, the GCC countries is anticipated to experience a 33% annual rise in e-commerce, with Saudi Arabia and the UAE having even faster growth rates of 39% and 38%, respectively. But it is projected that increased popularity of online shopping will accelerate the sales of light com ercial vehicle, due to this GCC light commercial vehicle market is expected to grow in the coming years.

Increasing Vehicle Rental Service

In many countries of GCC region the light commercial vehicle rental service is growing at a healthy rate, due to a rise in online enterprises around the world. The leasing of light commercial vehicles is expanding at a steady rate. The industry is becoming more competitive because of the rise in market players providing rental services, especially in Saudi Arabia and the United Arab Emirates. As in these two-country tourism is always high, as per data from Saudi Arabia government the total number of tourists visited in year 2022 is around 18 million. Due to increasing tourism the need for goods and other essential things also increases, to transfer these things from one place to another and are done with the help of light commercial vehicles in the country. At the same time, regional demand for light vehicles is rising. This is fueling a significant increase in the demand for light commercial vehicles. Many businesses prefer rental services due to their convenience and profitability, which has increased with technological advancement in the automobile industry and expanding import activity in GCC countries.

Increasing Development Activities and Tourism Sector

Road development initiatives continue to rank among the biggest infrastructure expenditures made in the GCC region, and government authorities continue to place a high priority on them. The GCC countries' rapid infrastructure investment is promoting a friendly and ideal environment for international alliances, tourism, and investment. In addition, the GCC reported investing USD 121.3 billion in projects for roads, bridges, and railroads to improve the land transportation infrastructure. Due to the advancements, the tourism industries in GCC nations are growing. The Road and Transport Authority (RTA) of the United Arab Emirates recently highlighted 35 projects for 2020, including the expansion of the Dubai Metro service and repairs to the motorways and junctions near the Expo site.

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Market Segmentation

The GCC Light Commercial Vehicle Market is segmented based on vehicle type, fuel type, end user, country, and competitional landscape. Based on vehicle type, the market is further fragmented into pickup trucks, light bus, and van. Based on fuel type, the market is segmented into petrol, diesel, and alternate. In terms of end user, the market is divided into fleet owner and individual. The market analysis also studies the country segmentation to devise country market segmentation, divided among Saudi Arabia, UAE, Oman, Kuwait, Qatar, and Bahrain.

Company Profiles

Tata Motors Limited, Ford Motor Company, Nissan Motors Company Ltd, Volkswagen AG, Isuzu Motors Limited, Mercedes-Benz AG, Toyota Motor Corporation, Mitsubishi Motors Corporation, Peugeot SA, Great Wall Motors Company Limited, are among the major market players that lead the market growth of the GCC Light Commercial Vehicle Market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2021 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· By Vehicle Type · By Fuel Type · By End User · By Country
Regional Scope	GCC
Country Scope	Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain
Key Companies Profiled	Tata Motors Limited, Ford Motor Company, Nissan Motors Company Ltd, Volkswagen AG, Isuzu Motors Limited, Mercedes-Benz AG, Toyota Motor Corporation, Mitsubishi Motors Corporation, Peugeot SA, Great Wall Motors Company Limited.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the GCC Light Commercial Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

GCC Light Commercial Vehicle Market, By Vehicle Type:

o Pickup Truck

o Van

o Light Bus

· GCC Light Commercial Vehicle Market, By Fuel Type:

o Petrol

o Diesel

o Alternate

GCC Light Commercial Vehicle Market, By End User:

Individual
Fleet Owner

GCC Light Commercial Vehicle Market, By Country:

Saudi Arabia
UAE
Oman
Kuwait
Qatar
Bahrain

· Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the GCC Light Commercial Vehicle Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

GCC Light Commercial Vehicle Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on GCC Light Commercial Vehicle Market

4.1. Impact Assessment Model

4.1.1. Key Segments Impacted

4.1.2. Key Regions Impacted

4.1.3. Key Countries Impacted

4.1.4. Key Distribution Channel Impacted

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Aided & Unaided Brand Recall

5.3. Brand Satisfaction Level

6. GCC Light Commercial Vehicle Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

6.2.2. By Fuel Type (Petrol, Diesel, Alternate)

6.2.3. By End User (Individual Vs Fleet Owner)

6.2.4. By Country (Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain)

6.2.5. By Company (2022)

6.3. Market Map (By Vehicle Type, By Fuel Type, By End-Use, By Country)

7. GCC: Country Analysis

7.1. Saudi Arabia Light Commercial Vehicle Market Outlook

7.1.1. Market Size & Forecast

7.1.1.1. By Volume and Value

7.1.2. Market Share & Forecast

7.1.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

7.1.2.2. By Fuel Type (Petrol, Diesel, Alternate)

7.1.2.3. By End User (Individual Vs Fleet Owner

7.2. UAE Light Commercial Vehicle Market Outlook

7.2.1. Market Size & Forecast

7.2.1.1. By Volume and Value

7.2.2. Market Share & Forecast

7.2.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

7.2.2.2. By Fuel Type (Petrol, Diesel, Alternate)

7.2.2.3. By End User (Individual Vs Fleet Owner

7.3. Oman Light Commercial Vehicle Market Outlook

7.3.1. Market Size & Forecast

7.3.1.1. By Volume and Value

7.3.2. Market Share & Forecast

7.3.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

7.3.2.2. By Fuel Type (Petrol, Diesel, Alternate)

7.3.2.3. By End User (Individual Vs Fleet Owner

7.4. Kuwait Light Commercial Vehicle Market Outlook

7.4.1. Market Size & Forecast

7.4.1.1. By Volume and Value

7.4.2. Market Share & Forecast

7.4.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

7.4.2.2. By Fuel Type (Petrol, Diesel, Alternate)

7.4.2.3. By End User (Individual Vs Fleet Owner

7.5. Qatar Light Commercial Vehicle Market Outlook

7.5.1. Market Size & Forecast

7.5.1.1. By Volume and Value

7.5.2. Market Share & Forecast

7.5.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

7.5.2.2. By Fuel Type (Petrol, Diesel, Alternate)

7.5.2.3. By End User (Individual Vs Fleet Owner

7.6. Bahrain Light Commercial Vehicle Market Outlook

7.6.1. Market Size & Forecast

7.6.1.1. By Volume and Value

7.6.2. Market Share & Forecast

7.6.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)

7.6.2.2. By Fuel Type (Petrol, Diesel, Alternate)

7.6.2.3. By End User (Individual Vs Fleet Owner

8. Market Dynamics

8.1. Drivers

8.1.1.1. Increasing Development Activities And Tourism Sector

8.1.1.2. Rising E-commerce Industry

8.1.1.3. Increasing Vehicle Rental Service

8.2. Challenges

8.2.1.1. High Import Of Light Commercial Vehicle

8.2.1.2. Fluctuation in oil prices and delayed in vehicle deliveries

8.3. Market Trends & Developments

8.3.1.1. Increasing Construction Activities

8.3.1.2. Rise In CKD and Domestic Plants

8.3.1.3. Growth of the Logistics Industry

8.3.1.4. Increasing Investments In Infrastructure Projects

8.3.1.5. Developments In The Electric And Hybrid Technology

9. Porter’s Five Forces Model

9.1. Competition Landscape

9.2. Buyer Power

9.3. Supplier Power

9.4. Threat of New Entrants

9.5. Threat of Substitutes

10. Competitive Landscape

10.1. Competition Outlook

10.2. Company Profiles

10.2.1. Tata Motors Limited

10.2.1.1. Company Details

10.2.1.2. Products & Services

10.2.1.3. Financial (As Reported)

10.2.1.4. Key Market Focus & Geographical Presence

10.2.1.5. Recent Development

10.2.1.6. Key Management Personnel

10.2.2. Ford Motor Company

10.2.2.1. Company Details

10.2.2.2. Products & Services

10.2.2.3. Financial (As Reported)

10.2.2.4. Key Market Focus & Geographical Presence

10.2.2.5. Recent Development

10.2.2.6. Key Management Personnel

10.2.3. Nissan Motors Company Ltd.

10.2.3.1. Company Details

10.2.3.2. Products & Services

10.2.3.3. Financial (As Reported)

10.2.3.4. Key Market Focus & Geographical Presence

10.2.3.5. Recent Development

10.2.3.6. Key Management Personnel

10.2.4. Volkswagen AG

10.2.4.1. Company Details

10.2.4.2. Products & Services

10.2.4.3. Financial (As Reported)

10.2.4.4. Key Market Focus & Geographical Presence

10.2.4.5. Recent Development

10.2.4.6. Key Management Personnel

10.2.5. Isuzu Motors Limited

10.2.5.1. Company Details

10.2.5.2. Products & Services

10.2.5.3. Financial (As Reported)

10.2.5.4. Key Market Focus & Geographical Presence

10.2.5.5. Recent Development

10.2.5.6. Key Management Personnel

10.2.6. Mercedes-Benz AG

10.2.6.1. Company Details

10.2.6.2. Products & Services

10.2.6.3. Financial (As Reported)

10.2.6.4. Key Market Focus & Geographical Presence

10.2.6.5. Recent Development

10.2.6.6. Key Management Personnel

10.2.7. Toyota Motor Corporation

10.2.7.1. Company Details

10.2.7.2. Products & Services

10.2.7.3. Financial (As Reported)

10.2.7.4. Key Market Focus & Geographical Presence

10.2.7.5. Recent Development

10.2.7.6. Key Management Personnel

10.2.8. Mitsubishi Motors Corporation

10.2.8.1. Company Details

10.2.8.2. Products & Services

10.2.8.3. Financial (As Reported)

10.2.8.4. Key Market Focus & Geographical Presence

10.2.8.5. Recent Development

10.2.8.6. Key Management Personnel

10.2.9. Peugeot SA

10.2.9.1. Company Details

10.2.9.2. Products & Services

10.2.9.3. Financial (As Reported)

10.2.9.4. Key Market Focus & Geographical Presence

10.2.9.5. Recent Development

10.2.9.6. Key Management Personnel

10.2.10. Great Wall Motors Company Limited

10.2.10.1. Company Details

10.2.10.2. Products & Services

10.2.10.3. Financial (As Reported)

10.2.10.4. Key Market Focus & Geographical Presence

10.2.10.5. Recent Development

10.2.10.6. Key Management Personnel

11. Strategic Recommendations/Action Plan

11.1. Key Focus Areas

11.2. Target Regions & Countries

11.3. Target Type

11.4. Target Category

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Figure 1: GCC Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 2: GCC Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 3: GCC Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 4: GCC Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018-2028F

Figure 5: GCC Light Commercial Vehicle Market Share, By End User, By Volume, 2018-2028F

Figure 6: GCC Light Commercial Vehicle Market Share, By Country, By Volume, 2018–2028F

Figure 7: GCC Light Commercial Vehicle Market Share, By Company, By Volume, 2022

Figure 8: GCC Light Commercial Vehicle Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 9: GCC Light Commercial Vehicle Market Map, By Fuel Type, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 10: GCC Light Commercial Vehicle Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 11: Saudi Arabia Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 12: Saudi Arabia Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 13: Saudi Arabia Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 14: Saudi Arabia Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 15: Saudi Arabia Light Commercial Vehicle Market Share, By End User, By Volume, 2018–2028F

Figure 16: Saudi Arabia Pickup Truck Market Size, By Value (Thousand Units), 2018-2028F

Figure 17: Saudi Arabia Pickup Truck Market Size, By Value (USD Million), 2018-2028F

Figure 18: Saudi Arabia Pickup Truck Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 19: Saudi Arabia Van Market Size, By Volume (Thousand Units), 2018-2028F

Figure 20: Saudi Arabia Van Market Size, By Value (USD Million), 2018-2028F

Figure 21: Saudi Arabia Van Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 22: Saudi Arabia Light Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 23: Saudi Arabia Light Bus Market Size, By Value (USD Million), 2018-2028F

Figure 24: Saudi Arabia Light Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 25: UAE Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 26: UAE Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 27: UAE Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 28: UAE Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 29: UAE Light Commercial Vehicle Market Share, By End User, By Volume, 2018–2028F

Figure 30: UAE Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F

Figure 31: UAE Pickup Truck Market Size, By Value (USD Million), 2018-2028F

Figure 32: UAE Pickup Truck Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 33: UAE Van Market Size, By Volume (Thousand Units), 2018-2028F

Figure 34: UAE Van Market Size, By Value (USD Million), 2018-2028F

Figure 35: UAE Van Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 36: UAE Light Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 37: UAE Light Bus Market Size, By Value (USD Million), 2018-2028F

Figure 38: UAE Light Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 39: Oman Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 40: Oman Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 41: Oman Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 42: Oman Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 43: Oman Light Commercial Vehicle Market Share, By End User, By Volume, 2018–2028F

Figure 44: Oman Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F

Figure 45: Oman Pickup Truck Market Size, By Value (USD Million), 2018-2028F

Figure 46: Oman Pickup Truck Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 47: Oman Van Market Size, By Volume (Thousand Units), 2018-2028F

Figure 48: Oman Van Market Size, By Value (USD Million), 2018-2028F

Figure 49: Oman Van Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 50: Oman Light Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 51: Oman Light Bus Market Size, By Value (USD Million), 2018-2028F

Figure 52: Oman Light Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 53: Kuwait Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 54: Kuwait Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 55: Kuwait Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 56: Kuwait Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 57: Kuwait Light Commercial Vehicle Market Share, By End User, By Volume, 2018–2028F

Figure 58: Kuwait Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F

Figure 59: Kuwait Pickup Truck Market Size, By Value (USD Million), 2018-2028F

Figure 60: Kuwait Pickup Truck Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 61: Kuwait Van Market Size, By Volume (Thousand Units), 2018-2028F

Figure 62: Kuwait Van Market Size, By Value (USD Million), 2018-2028F

Figure 63: Kuwait Van Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 64: Kuwait Light Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 65: Kuwait Light Bus Market Size, By Value (USD Million), 2018-2028F

Figure 66: Kuwait Light Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 67: Qatar Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 68: Qatar Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 69: Qatar Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 70: Qatar Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 71: Qatar Light Commercial Vehicle Market Share, By End User, By Volume, 2018–2028F

Figure 72: Qatar Pickup Truck Market Size, By Value (Thousand Units), 2018-2028F

Figure 73: Qatar Pickup Truck Market Size, By Value (USD Million), 2018-2028F

Figure 74: Qatar Pickup Truck Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 75: Qatar Van Market Size, By Volume (Thousand Units), 2018-2028F

Figure 76: Qatar Van Market Size, By Value (USD Million), 2018-2028F

Figure 77: Qatar Van Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 78: Qatar Light Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 79: Qatar Light Bus Market Size, By Value (USD Million), 2018-2028F

Figure 80: Qatar Light Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 81: Bahrain Light Commercial Vehicle Market Size, By Volume (Thousand Units), 2018-2028F

Figure 82: Bahrain Light Commercial Vehicle Market Size, By Value (USD Million), 2018-2028F

Figure 83: Bahrain Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 84: Bahrain Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 85: Bahrain Light Commercial Vehicle Market Share, By End User, By Volume, 2018–2028F

Figure 86: Bahrain Pickup Truck Market Size, By Volume (Thousand Units), 2018-2028F

Figure 87: Bahrain Pickup Truck Market Size, By Value (USD Million), 2018-2028F

Figure 88: Bahrain Pickup Truck Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 89: Bahrain Van Market Size, By Volume (Thousand Units), 2018-2028F

Figure 90: Bahrain Van Market Size, By Value (USD Million), 2018-2028F

Figure 91: Bahrain Van Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 92: Bahrain Light Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 93: Bahrain Light Bus Market Size, By Value (USD Million), 2018-2028F

Figure 94: Bahrain Light Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Frequently asked questions

What is the GCC light commercial vehicle market size in the year 2022?

The GGC light commercial vehicle market has a market size of 153.79 thousand units in the year 2022. The market is expected to grow at 232.69 thousand units with CAGR of 6.86% in the coming year 2028.

What are the challenges in GCC Light Commercial Vehicle Market?

The high import duty on the light commercial vehicles and fluctuation in oil prices and delays in vehicle deliveries are some of the major challenges in the market.

Which country has the highest market share in GCC light commercial vehicle market?

Saudi Arabia has the highest market share with 57.91%, followed by UAE with 23% market share in the year 2022.

Which are the major companies in the GCC light commercial vehicle market?

Some of the major companies in the market are Tata Motors Limited, Ford Motor Company, Nissan Motors Company Ltd, Volkswagen AG, Isuzu Motors Limited, Mercedes-Benz AG, Toyota Motor Corporation, Mitsubishi Motors Corporation, Peugeot SA, Great Wall Motors Company Limited, etc.

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Press Release

GCC Light Commercial Vehicle Market to Reach USD11,917 Million by 2028

Dec, 2022

The increasing infrastructure development activities and tourism sector has risen the light commercial vehicle sales in the GCC’s countries. By this GCC Light Commercial Vehicle Market is expected to