Product Code: ETC028019 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia is a leading market for commercial vehicles in the Middle East. The country??s strong economic growth rate, rising population, and increasing foreign investment are likely to create more opportunities for the commercial vehicle industry over the forecast period (2025-2031). Moreover, with an expanding transportation infrastructure and government support in terms of investments and initiatives towards improving freight transport services will further drive the Saudi Arabia commercial vehicle market.
The increasing need for better transportation systems across multiple sectors has been driving demand for commercial vehicles in Saudi Arabia. In addition, the rise in disposable income among individuals has also encouraged people to purchase comfortable passenger cars which has led to increased sales of light-duty trucks and vans. Furthermore, an increase in oil & gas exploration activities along with other industrial projects such as construction is projected to bolster demand for heavy duty trucks over the coming years. Additionally, various government incentives like tax exemption on imported parts used for manufacturing of certain types of vehicles have been encouraging local production activities which is further expected to propel market growth over 2025-2031 timeline.
High cost associated with purchasing new vehicles coupled with lack of skilled labor force might restrain market growth through 2031. Furthermore, inadequate infrastructure facilities such as poor road networks pose challenge to automotive manufacturers operating within Saudi Arabia.
Recent outbreak Covid 19 pandemic had caused disruption across logistical sector due sudden lockdowns imposed by respective authorities out there . This had deteriorated demand scenario resulting fluctuation raw material prices thereby hampering production process at many levels throughout value chain . However , post pandemic situation saw surge orders specifically from e commerce industry leading rebound back normalcy condition although varies across different regions around Kingdom itself.
MAN Group , Dongfeng Motor Corporation , and Isuzu Motors Limited are some major challenges in the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Commercial vehicles Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Commercial vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Commercial vehicles Market - Industry Life Cycle |
3.4 Saudi Arabia Commercial vehicles Market - Porter's Five Forces |
3.5 Saudi Arabia Commercial vehicles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Commercial vehicles Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Saudi Arabia Commercial vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in Saudi Arabia leading to a higher demand for commercial vehicles. |
4.2.2 Growth in the e-commerce sector driving the need for efficient transportation and logistics solutions. |
4.2.3 Favorable government policies and incentives to boost the commercial vehicles market. |
4.3 Market Restraints |
4.3.1 Fluctuating oil prices impacting overall economic stability and affecting investments in commercial vehicles. |
4.3.2 Regulatory challenges and changing emission standards affecting the adoption of commercial vehicles. |
4.3.3 Competition from alternative modes of transportation such as ride-sharing services impacting the commercial vehicles market. |
5 Saudi Arabia Commercial vehicles Market Trends |
6 Saudi Arabia Commercial vehicles Market, By Types |
6.1 Saudi Arabia Commercial vehicles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Light Commercial Vehicles (LCVs), 2021-2031F |
6.1.4 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Heavy Trucks, 2021-2031F |
6.1.5 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Buses & Coaches, 2021-2031F |
6.2 Saudi Arabia Commercial vehicles Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Mining & Construction, 2021-2031F |
6.2.4 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Logistics, 2021-2031F |
6.2.5 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Passenger Transportation, 2021-2031F |
6.2.6 Saudi Arabia Commercial vehicles Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Commercial vehicles Market Import-Export Trade Statistics |
7.1 Saudi Arabia Commercial vehicles Market Export to Major Countries |
7.2 Saudi Arabia Commercial vehicles Market Imports from Major Countries |
8 Saudi Arabia Commercial vehicles Market Key Performance Indicators |
8.1 Average age of commercial vehicle fleet in Saudi Arabia. |
8.2 Number of new commercial vehicle registrations. |
8.3 Investment in transportation infrastructure projects in the country. |
9 Saudi Arabia Commercial vehicles Market - Opportunity Assessment |
9.1 Saudi Arabia Commercial vehicles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Commercial vehicles Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Saudi Arabia Commercial vehicles Market - Competitive Landscape |
10.1 Saudi Arabia Commercial vehicles Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Commercial vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |