Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 6.12 Billion

CAGR (2024-2029)

19.03%

Fastest Growing Segment

Passenger Car

Largest Market

UAE

Market Size (2029)

USD 18.27 Billion

 

Market Overview

Saudi Arabia Heavy-Duty Trucks Market was valued at USD 6.12 Billion in 2023 and is expected to reach 18.27 Billion by 2029 with a CAGR of 19.03% during the forecast period. The Saudi Arabia Heavy-Duty Trucks (EV) market is experiencing substantial growth due to government-led sustainability initiatives, consumer demand for eco-friendly alternatives, and advancements in electric mobility infrastructure. Governments across the region are offering incentives, such as reduced registration fees and exemptions from tolls and parking fees, to encourage EV adoption. Infrastructure development is accelerating, with increased investment in charging stations and partnerships with private firms to expand the network. Additionally, as global oil-dependent economies, GCC nations are progressively shifting to greener alternatives to reduce carbon footprints and align with sustainability goals, driving the demand for EVs among environmentally conscious consumers.

Trends in the GCC EV market include a shift toward long-range EVs, luxury electric models, and the integration of advanced technologies. Long-range EVs appeal to consumers seeking range flexibility, especially for intercity travel, addressing concerns of range anxiety. The region is also witnessing a surge in luxury EV adoption, reflecting its high-income demographics. Innovations in connected and autonomous vehicle technologies are further transforming the market, as consumers look for tech-enabled convenience and safety features. Charging infrastructure advancements are another key trend, with rapid charging stations becoming more widely available, reducing charging time and improving the overall EV ownership experience. Fleet electrification is on the rise as well, with companies across logistics, delivery, and ride-sharing sectors increasingly adopting EVs for cost-effectiveness and sustainability.

Challenges remain, primarily due to high upfront costs, range limitations, and a lack of widespread charging infrastructure in certain areas. While government incentives have mitigated some cost barriers, the initial investment for EVs is still higher than traditional vehicles, which can deter cost-sensitive buyers. Range anxiety continues to be a significant challenge, especially for regions with vast distances and limited charging options. Additionally, though charging networks are expanding, there is still a gap in accessible and reliable charging stations, especially in more remote or residential areas. Overcoming these challenges requires sustained government efforts, partnerships with private sectors, and public awareness campaigns to enhance infrastructure and educate consumers on the benefits and practicalities of EVs.

Market Drivers

Government Initiatives and Incentives

The GCC governments are committed to reducing carbon emissions and promoting sustainable transport. They offer financial incentives such as reduced registration fees, tax benefits, and toll exemptions for EV buyers. Many governments have set ambitious EV adoption targets and are investing in extensive green transportation infrastructure. These initiatives make EVs more appealing to both consumers and businesses, driving market growth.

Expansion of Charging Infrastructure

A key factor in the GCC EV market’s growth is the rapid development of EV charging infrastructure. Public and private sectors collaborate to install high-speed charging stations, addressing one of the biggest barriers to EV adoption. With reliable charging networks, EV owners gain convenience and confidence for intercity and urban commuting, making EV ownership increasingly viable and attractive.

Download Free Sample Report

Key Market Challenges

High Initial Purchase Cost

Despite falling battery prices, the high upfront cost of EVs remains a barrier in the GCC. Consumers often compare EV prices with traditional vehicles, finding EVs expensive even after incentives. This cost disparity can deter price-sensitive buyers, making it difficult for EVs to compete with affordable, fuel-efficient conventional cars.

Limited Charging Infrastructure in Rural Areas

While urban centers have well-developed charging networks, rural and remote areas in the GCC still lack sufficient infrastructure. This gap restricts the range and usability of EVs outside major cities. Drivers in less urbanized areas experience range anxiety due to the scarcity of charging stations, limiting EV adoption in those regions.

Key Market Trends

Rise of Luxury and High-Performance EVs

The GCC is seeing a significant demand for high-end EV models as luxury-seeking consumers look for performance-oriented and technologically advanced electric cars. High-income demographics in the region prefer EVs with premium features, which has led to a growing interest in luxury brands that offer electric options, enhancing the region’s luxury EV market.

Integration of Smart and Autonomous Features

Smart technology integration is a prominent trend, with EVs featuring advanced driver-assistance systems (ADAS), connectivity, and autonomous driving features. These technologies appeal to tech-savvy consumers who prioritize innovation, comfort, and safety, contributing to the appeal and competitive differentiation of EVs in the market.

Segmental Insights

Vehicle Type Insights

The passenger car segment is the fastest growing in the Saudi Arabia Heavy-Duty Trucks (EV) market, driven by factors including government incentives, urban consumer demand, and a shift toward sustainability. Governments in the GCC are actively promoting EV adoption among individual consumers through financial incentives, tax breaks, and reduced registration fees specifically targeted at passenger EVs. This support, combined with the expansion of EV infrastructure like charging stations in urban areas, has significantly improved the feasibility of passenger EVs for daily use, especially in cities where environmental awareness is growing rapidly.

Urbanization is a critical driver, as the majority of the GCC population lives in cities with increasing traffic and pollution challenges. Many urban consumers are opting for passenger EVs to reduce their carbon footprint and lower fuel and maintenance costs, making EVs a practical and eco-friendly alternative to traditional vehicles. Additionally, high-income consumers in the GCC are drawn to the luxury EV options now available, which combine advanced technology, performance, and eco-friendliness. As EV manufacturers introduce more luxury and high-performance electric passenger cars to the GCC market, consumer interest in this segment is expected to grow further.

Finally, the widespread introduction of connected features and autonomous technology in passenger EVs has bolstered their appeal. Consumers in the GCC prioritize vehicles with cutting-edge technology, and EVs often come equipped with advanced driver-assistance systems and connectivity features. Together, these factors make passenger cars the leading growth segment in the GCC EV market, as they align well with the preferences and lifestyle of the region’s urban, tech-savvy, and sustainability-conscious consumers.

Download Free Sample Report

Regional Insights

The UAE dominated the Saudi Arabia Heavy-Duty Trucks market due to its proactive government policies, advanced infrastructure, and consumer willingness to adopt green technology. The UAE government has been a major driver of EV adoption, implementing incentives such as reduced registration fees, free parking for EVs, and exemptions from tolls. Infrastructure development is another crucial factor in the UAE's dominance. The UAE has invested heavily in establishing an extensive network of EV charging stations, especially in cities like Dubai and Abu Dhabi, where most of the population resides. The presence of reliable charging infrastructure addresses range anxiety, one of the main barriers to EV adoption, and ensures that EV users have accessible charging options throughout urban areas. The UAE’s partnership with private companies to expand charging networks has further accelerated infrastructure development, making it easier for consumers to transition to electric vehicles.

UAE’s affluent consumer base is inclined toward high-end, technologically advanced vehicles. The market’s demand for premium EV models aligns well with the growing availability of luxury and high-performance EVs from global manufacturers. As a result, the UAE attracts a diverse array of EV brands, offering models that appeal to tech-savvy and eco-conscious consumers. These combined factors supportive policies, robust infrastructure, and consumer demand for premium, eco-friendly vehicles make the UAE the leading market for EVs in the GCC, setting a benchmark for neighbouring countries.

Recent Developments

·        In March 2024, Tata Motors Group entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to explore the establishment of a new vehicle manufacturing facility in the state. This strategic move involves an investment of approximately USD 1.08 billion (Rs. 9,000 crores) over a five-year period, aimed at bolstering the company’s production capabilities and expanding its presence in the region.

·        The Renault-Nissan alliance is ramping up its commitment to the Indian market, planning to invest between USD 600-700 million in its Chennai-based facility. This investment will focus on increasing the localization of production platforms and enhancing the sophistication of its manufacturing processes, aiming to deliver more competitive and tailored products for Indian consumers.

·        In April 2024, Maruti Suzuki India Limited inaugurated a new vehicle assembly line at its Manesar facility, further strengthening its manufacturing capacity. This move underscores Maruti Suzuki’s ongoing investment in scaling production to meet the growing demand for Brakepads across various segments.

Key Market Players

  • Tesla Motors
  • Nissan Middle East FZE
  • BMW AG
  • Audi Volkswagen Middle East FZE
  • Hyundai Motor Company
  • General Motors Company
  • Jaguar Land Rover Limited
  • Al-Futtaim Electric Vehicle company
  • Blitz Electric Motors Ltd.
  • Zero Motorcycles, Inc

 By Vehicle Type

By Propulsion Type

By Battery Capacity

By Range

By Region

  • Passenger Car
  • Commercial Vehicles
  • Two-Wheeler
  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Less Than 50KWh
  • 51KWh to 100KWh
  • 101KWh-200KWh
  • 201KWh-300KWh
  • Above 300KWh
  • Below 100km
  • 100-200km
  • 200-300km
  • Above 300km
  • UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

 

 

Report Scope:

In this report, the Saudi Arabia Heavy-Duty Trucks Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·        Saudi Arabia Heavy-Duty Trucks Market, By Vehicle Type:

o   Passenger Car

o   Commercial Vehicles

o   Two-Wheeler

·        Saudi Arabia Heavy-Duty Trucks Market, By Propulsion Type:

o   Battery Electric Vehicle (BEV)

o   Plug-In Hybrid Electric Vehicle (PHEV)

o   Fuel Cell Electric Vehicle (FCEV)

·        Saudi Arabia Heavy-Duty Trucks Market, By Battery Capacity:

o   Less Than 50KWh

o   51KWh to 100KWh

o   101KWh-200KWh

o   201KWh-300KWh

o   Above 300KWh

·        Saudi Arabia Heavy-Duty Trucks Market, By Region:

o   UAE

o   Saudi Arabia

o   Qatar

o   Oman

o   Kuwait

o   Bahrain

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Saudi Arabia Heavy-Duty Trucks Market.

Available Customizations:

Saudi Arabia Heavy-Duty Trucks Market report with the given market data, Tech Sci 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).

Saudi Arabia Heavy-Duty Trucks 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.  Market 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 Saudi Arabia Heavy-Duty Trucks Market

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Challenges & Unmet Needs

6.    Saudi Arabia Heavy-Duty Trucks Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Power Output Market Share Analysis (Less than 300 HP, 300 HP – 500 HP, above 500 HP)

6.2.2.     By Class Market Share Analysis (Class 7, Class 8)

6.2.3.     By Propulsion Type Market Share Analysis (ICE, Non-ICE)

6.2.4.     By Application Market Share Analysis (Logistics, Mining, Construction, Oil and Gas Others)

6.2.5.     By Transmission Type Market Share Analysis (Automatic and Manual)

6.2.6.     By Region Market Share Analysis

6.2.6.1.         Northern & Central Region Market Share Analysis

6.2.6.2.         Western Region Market Share Analysis

6.2.6.3.         Eastern Region Market Share Analysis

6.2.6.4.         Southern Region Market Share Analysis

6.2.7.     By Company Market Share Analysis

6.3.  Saudi Arabia Heavy-Duty Trucks Market Mapping & Opportunity Assessment

6.3.1.     By Power Output Market Mapping & Opportunity Assessment

6.3.2.     By Class Market Mapping & Opportunity Assessment

6.3.3.     By Propulsion Type Market Mapping & Opportunity Assessment

6.3.4.     By Application Market Mapping & Opportunity Assessment

6.3.5.     By Transmission Type Market Mapping & Opportunity Assessment

6.3.6.     By Regional Market Mapping & Opportunity Assessment

7.    Northern & Central Saudi Arabia Heavy-Duty Trucks Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume & Value

7.2.  Market Share & Forecast

7.2.1.     By Power Output Market Share Analysis

7.2.2.     By Class Market Share Analysis

7.2.3.     By Propulsion Type Market Share Analysis

7.2.4.     By Application Market Share Analysis

7.2.5.     By Transmission Type Market Share Analysis

8.    Western Saudi Arabia Heavy-Duty Trucks Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume & Value

8.2.  Market Share & Forecast

8.2.1.     By Power Output Market Share Analysis

8.2.2.     By Class Market Share Analysis

8.2.3.     By Propulsion Type Market Share Analysis

8.2.4.     By Application Market Share Analysis

8.2.5.     By Transmission Type Market Share Analysis

9.    Eastern Saudi Arabia Heavy-Duty Trucks Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume & Value

9.2.  Market Share & Forecast

9.2.1.     By Power Output Market Share Analysis

9.2.2.     By Class Market Share Analysis

9.2.3.     By Propulsion Type Market Share Analysis

9.2.4.     By Application Market Share Analysis

9.2.5.     By Transmission Type Market Share Analysis

10.  Southern Saudi Arabia Heavy-Duty Trucks Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume & Value

10.2.              Market Share & Forecast

10.2.1.  By Power Output Market Share Analysis

10.2.2.  By Class Market Share Analysis

10.2.3.  By Propulsion Type Market Share Analysis

10.2.4.  By Application Market Share Analysis

10.2.5.  By Transmission Type Market Share Analysis

11.  Import & Export Analysis

12.  Product Benchmarking

13.  Porters’ Five Forces Analysis

13.1.              Bargaining Powers of Suppliers

13.2.              Bargaining Powers of Buyers

13.3.              Threat of Substitutes

13.4.              Threat of New Entrants

13.5.              Competitive Rivalry

14.  SWOT Analysis

14.1.              Strength

14.2.              Weakness

14.3.              Opportunities

14.4.              Threats

15.  Market Dynamics

15.1.              Drivers

15.2.              Challenges

16.  Market Trends and Developments

17.  Policy and Regulatory Landscape

18.  Saudi Arabia Economic Profile

19.  Competitive Landscape

19.1.              Company Profiles (Up To 10 Leading Companies)

19.1.1.  Mercedes-Benz AG (E.A. Juffali and Brothers for Industrial Products Ltd.)

19.1.1.1.      Company Details

19.1.1.2.      Key Products Offered

19.1.1.3.      Recent Development

19.1.1.4.      Key Management Personnel

19.1.2.  MAN SE (Haji Husein Alireza & Co. Ltd.)

19.1.2.1.      Company Details

19.1.2.2.      Key Products Offered

19.1.2.3.      Recent Development

19.1.2.4.      Key Management Personnel

19.1.3.  ISUZU Motors International FZE

19.1.3.1.      Company Details

19.1.3.2.      Key Products Offered

19.1.3.3.      Recent Development

19.1.3.4.      Key Management Personnel

19.1.4.  AB Volvo (Zahid Tractor and Heavy Machinery Co. Ltd)

19.1.4.1.      Company Details

19.1.4.2.      Key Products Offered

19.1.4.3.      Recent Development

19.1.4.4.      Key Management Personnel

19.1.5.  Hyundai Motor Company

19.1.5.1.      Company Details

19.1.5.2.      Key Products Offered

19.1.5.3.      Recent Developments

19.1.5.4.      Key Management Personnel

19.1.6.  Dongfeng Motor Group Co., Ltd. (Altawkilat Universal Motors)

19.1.6.1.      Company Details

19.1.6.2.      Key Products Offered

19.1.6.3.      Recent Development

19.1.6.4.      Key Management Personnel

19.1.7.  Hino Motors Ltd. (Tsusho Jamjoom Trading Company)

19.1.7.1.      Company Details

19.1.7.2.      Key Products Offered

19.1.7.3.      Recent Development

19.1.7.4.      Key Management Personnel

19.1.8.  TATA Motors Limited (Manahil International Transportation & Services Company)

19.1.8.1.      Company Details

19.1.8.2.      Key Products Offered

19.1.8.3.      Recent Development

19.1.8.4.      Key Management Personnel

19.1.9.  PACCAR Inc. (General Contracting Company (GCC) - Olayan)

19.1.9.1.      Company Details

19.1.9.2.      Key Products Offered

19.1.9.3.      Recent Development

19.1.9.4.      Key Management Personnel

19.1.10.                China National Heavy-Duty Truck Group Co., Ltd. (Al-Qahtani Vehicle & Machinery Co.)

19.1.10.1.    Company Details

19.1.10.2.    Key Products Offered

19.1.10.3.    Recent Development

19.1.10.4.    Key Management Personnel

20.  Strategic Recommendations

21. About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units) and By Value (USD Million), 2018-2028F

Figure 2: Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 3: Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 4: Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 5: Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 6: Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 7: Saudi Arabia Heavy-Duty Trucks Market Share, By Region, By Volume, 2018-2028F

Figure 8: Saudi Arabia Heavy-Duty Trucks Market Share, By Company, By Value, 2022

Figure 9: Saudi Arabia Heavy-Duty Trucks Market Map, By Power Output, Market Size (Units) & Growth Rate (%), 2022

Figure 10: Saudi Arabia Heavy-Duty Trucks Market Map, By Class, Market Size (Units) & Growth Rate (%), 2022

Figure 11: Saudi Arabia Heavy-Duty Trucks Market Map, By Propulsion Type, Market Size (Units) & Growth Rate (%), 2022

Figure 12: Saudi Arabia Heavy-Duty Trucks Market Map, By Application, Market Size (Units) & Growth Rate (%), 2022

Figure 13: Saudi Arabia Heavy-Duty Trucks Market Map, By Transmission Type, Market Size (Units) & Growth Rate (%), 2022

Figure 14: Saudi Arabia Heavy-Duty Trucks Market Map, By Region, Market Size (Units) & Growth Rate (%), 2022

Figure 15: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 16: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 17: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 18: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 19: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 20: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 21: Northern & Central Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 22: Western Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 23: Western Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 24: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 25: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 26: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 27: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 28: Western Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 29: Eastern Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 30: Eastern Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 31: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 32: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 33: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 34: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 35: Eastern Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 36: Southern Saudi Arabia Heavy-Duty Trucks Market Size, By Volume (Units), 2018-2028F

Figure 37: Southern Saudi Arabia Heavy-Duty Trucks Market Size, By Value (USD Million), 2018-2028F

Figure 38: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Power Output, By Volume, 2018-2028F

Figure 39: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Class, By Volume, 2018-2028F

Figure 40: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Propulsion Type, By Volume, 2018-2028F

Figure 41: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Application, By Volume, 2018-2028F

Figure 42: Southern Saudi Arabia Heavy-Duty Trucks Market Share, By Transmission Type, By Volume, 2018-2028F

Figure 43: Saudi Arabia Medium & Heavy-Duty Trucks (Exceeding 5 Metric Tons) Market Imports, By Value (USD Million), 2017-2021

Figure 44: Saudi Arabia Medium & Heavy-Duty Trucks (Exceeding 5 Metric Tons) Market Exports, By Value (USD Million), 2017-2021

Frequently asked questions

down-arrow

In 2022, the market size of Heavy-Duty truck was USD 2,482.45 million owing to the increasing utilization of the heavy-duty trucks in logistics and construction industry.

down-arrow

The Power Output segment in Saudi Arabia Heavy-Duty Trucks Market is divided into Less than 300 HP, 300 HP – 500 HP and Above 500 HP. The 300 HP - 500 HP category captured market share of around 49% in 2022 and in the forecast years it is expected to increase, and it is growing with a CAGR of 14.52%.

down-arrow

The major player contributing to the Saudi Arabia Heavy-Duty Trucks Market are Mercedes-Benz AG (E.A. Juffali and Brothers for Industrial Products Ltd.), MAN SE (Haji Husein Alireza & Co. Ltd.), ISUZU Motors International FZE, AB Volvo (Zahid Tractor and Heavy Machinery Co. Ltd), Hyundai Motor Company, Dongfeng Motor Group Co., Ltd. (Altawkilat Universal Motors), Hino Motors Ltd. (Tsusho Jamjoom Trading Company), TATA Motors Limited (Manahil International Transportation & Services Company), PACCAR Inc. (General Contracting Company (GCC) - Olayan), China National Heavy-Duty Truck Group Co., Ltd. (Al-Qahtani Vehicle & Machinery Co.).

down-arrow

The increasing number of freight transportation and growing industrialization in the country are driving the Saudi Arabia Heavy-Duty truck market.

profile

Srishti Verma

Business Consultant
Press Release

Saudi Arabia Heavy-Duty Trucks Market is expected to reach USD5,824 million by 2028

Jul, 2023

Saudi Arabia Heavy-Duty Trucks Market is expected to generate new opportunities in the forecast years as the demand for heavy-duty trucks is rising.