Saudi Arabia Used Car Market By Vehicle Type (Small Cars, Mid-Size Cars & Luxury Cars) By End Use (Institutional Vs Individual) By Fuel Type (Petrol, Diesel & CNG), By Region, Company Forecast & Opportunities, 2028

Saudi Arabia used car market is expected to grow at a significant CAGR for the forecast period. Residents of Saudi Arabia prefer to travel in their cars to perform their daily activities and to travel long distances along with the desert safari for relaxation purposes. Amidst the pandemic and lockdown restrictions, the Saudi Traffic Department introduced the initiative of online transfer of vehicle ownership in order to surge the sale of automobiles without requiring the need for periodic technical inspection, which is the major driver for the forecast period. Ease and convenience in completing the whole procedure of buying a used car for both buyers and sellers are expected to boost the growth of Saudi Arabia used car market. Market players are implementing the latest technologies such as 360 degrees 3D view of the interiors and exteriors to enhance the consumer experience and provide more insightful data to make informed decisions before buying used cars. Adoption of emerging technology such as artificial technology gathers customer data and aims to indulge market players in making appropriate marketing decisions to increase the sale of used cars. Ongoing infrastructural activities, including road construction and the prevailing trend of car ownership among consumers, are expected to accelerate market growth.

Saudi Arabia used car market is segmented based on vehicle type, regional distribution, and company. Based on fuel type, the market can be divided into petrol, diesel & CNG. The CNG segment is expected to witness the fastest incremental growth for the forecast period, 2024-2028. Rising awareness among the consumers regarding the harmful effects of conventional fuels over non-conventional fuels as CNG is a clean fuel compared to its counterparts. CNG is cheaper than traditional fuels, so it saves a lot of money.

The major players operating on the used car market are Kayishha, Yallamotor, SaudiSale, Abdul Latif Jameel Motors, Abi Sayara, Olx Saudi Arabia (Dubizzle), Carmudi.com, Copart Inc., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

• To analyze and estimate the market size of Saudi Arabia used car market from 2018 to 2021.
• To estimate and forecast the market size of Saudi Arabia used car market from 2022 to 2028 and growth rate until 2028.
• To classify and forecast Saudi Arabia used car market based on vehicle type, end use, fuel type, regional distribution, and company.
• To identify dominant region or segment in the Saudi Arabia used car market.
• To identify drivers and challenges for Saudi Arabia used car market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia used car market.
• To identify and analyze the profile of leading players operating in Saudi Arabia used car market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia used car market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

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TechSci Research calculated the market size of Saudi Arabia used car market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Used car service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to used car market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia used car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Used Car Market, By Vehicle Type:
• Small Cars
• Mid-Size Cars
• Luxury Cars
• Saudi Arabia Used Car Market, By End Use:
• Institutional
• Individual
• Saudi Arabia Used Car Market, By Fuel Type:
• Petrol
• Diesel
• CNG
• Saudi Arabia Used Car Market, By Region:
• Western Region
• Northern & Central Region
• Eastern Region
• Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia used car 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).

Saudi Arabia used car 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]