Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia used car market is projected to register robust growth during the forecast period. The growth can be attributed to the increasing adoption of used cars for performing daily activities and traveling long distances for adventure and relaxation purposes.
Key Players
- Kayishha
- Yallamotor
- SaudiSale
- Abdul Latif Jameel Motors
- Abi Sayara
- Olx Saudi Arabia (Dubizzle)
- Carmudi.com
- Copart Inc.
Reliable and add-on service/quality has changed the perception of consumers towards used cars, which is fueling the growth of Saudi Arabia used car market. Enhanced support from OEM in certification and marketing programs and improved access to high-quality contracts are further boosting demand for used cars in Saudi Arabia. There has been a growing demand for vehicle subscription services that allow consumers to use a vehicle for a limited period by paying monthly fees, contributing to the growth of used cars.
Moreover, rapid technological advancements in cars are allowing customers to sell or exchange their cars within a short period, which is expected to drive the growth of the Saudi Arabia used car market. The incorporation of advanced features in cars such as power steering system, anti-lock braking system, and others add to the price of the vehicle, which poses a challenge of affordability for people who desire to own a car.
Thus, used cars serve as a great alternative for low-income people. Many market players are enhancing the online car buying experience by introducing technologies such as 360 degrees, 3D view of interiors, and exteriors to enhance the customer's experience and help buyers make smart decisions, which further contributes to the growth of Saudi Arabia used car market. Moreover, advancing infrastructure, including road construction, has led to the prevailing trend of car ownership, which is also seen as a status symbol, and this has led to the increased adoption of used cars in Saudi Arabia.
Objective of the Study:
- To analyze and estimate the market size of Saudi Arabia used car market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia used car market from 2022 to 2027 and growth rate until 2027.
- 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.
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
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Used Car Market
5. Voice of Customer
6. Saudi Arabia Used Car Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Small Cars, Mid-Size Cars & Luxury Cars)
6.2.2. By End Use (Institutional Vs Individual)
6.2.3. By Fuel Type (Petrol, Diesel & CNG)
6.2.4. By Region
6.2.5. By Company (2021)
6.3. Market Map
7. Saudi Arabia Small Used Car Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By End Use
7.2.2. By Fuel Type
7.3. Market Map
8. Saudi Arabia Mid-Size Used Car Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By End Use
8.2.2. By Fuel Type
8.3. Market Map
9. Saudi Arabia Luxury Used Car Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End Use
9.2.2. By Fuel Type
9.3. Market Map
10. Market Dynamics
11. Market Trends and Developments
12. Policy & Regulatory Landscape
13. Saudi Arabia Economic Profile
For more information about this report visit https://www.researchandmarkets.com/r/ecxv4q
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