According to SPER Market Research, the KSA Automotive Industry is very susceptible to disruption. Since local retail and distribution partners currently control KSA Automotive, international OEMs and other brands are able to develop due to the lack of domestic high-quality product manufacturers. Imports from countries including the United States, Japan, China, Korea, India, and other gulf nations provide the majority of the demand for autos and replacement components. In order to build domestic manufacturing and exporting capabilities for South Africa and other African and gulf countries, KSA regularly communicates with neighbouring gulf countries about imports and re-exports. This is done through the creation of industrial hubs, effective bilateral relationships and allies, and technological competence and its advancement.
According to technical trends and advancements, the industry has seen a considerable shift in favour of radical ERP & CRM systems, which are mostly employed by the organised sector. Employing a range of software and solutions, as well as customised modules, to enhance their operations and customer relationship management initiatives, entities working in the KSA automotive industry are able to understand how to use and optimise efficient operating systems.
KSA Automotive Industry Overview:
- Forecast CAGR (2022-2032): 2.08%.
- Forecast Market Size (2032): 14.91 billion.
Impact of COVID-19 on the KSA Automotive Industry:
The covid influence on the automobile sector in KSA has led to a drop in foot traffic at the various brand showrooms, which was a key sales channel before covid. Although there hasn’t been a significant transition from physical to online sales, we do observe a change towards e-commerce in the KSA automobile sector with increased levels of online penetration across different categories. Along with employment losses & office closures, a variety of new car maintenance models are also seen with variable ownership durations. The market for shared mobility has also seen a fall as consumers turn to more sanitary practises, which has an effect on many market categories. Corrective actions done by numerous organisations and the government itself are encouraging businesses in many industrial categories to adopt new business strategies. Along with employment losses & office closures, a number of new car maintenance models are also seen with variable ownership durations. The market for shared mobility has also seen a fall as people turn to more sanitary practises, which has an influence on many market categories. Corrective actions done by many organisations and the government itself to maintain business are encouraging individuals in various industrial segments to adopt ground-breaking company strategies.
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KSA Automotive Industry Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Type:
- Bottom Dead Center
- Top Dead Center
By Motor Type:
- AC Induction Motor
- DC Brushless Motor
- Permanent Magnet Synchronous Motor
By Electric Vehicle:
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
By Vehicle Type:
- Diesel Vehicle
- Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
By Region:
Central Saudi Arabia
Eastern Saudi Arabia
Northern Saudi Arabia
Southern Saudi Arabia
Western Saudi Arabia
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
KSA Automotive Industry Key Players:
The KSA Automotive Industry study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as: Abdul Latif Jameel Motors, Al Jazirah Vehicles Agency, Al Yemni Motors, Alesayi Motor Company, Alissa Universal Motors Co., Aljomaih Automotive Company, Almajdouie Automotive, Bakhashab Brothers Co., Haji Husain Alireza & Co., Juffali Automotive Company, Kia Al Jabr, Manahil International, Mohamed Yousuf Naghi Motors, Nissan Petromin, Universal Motors Agencies, Wallan Trading Co.
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