saudi arabia commercial vehicles market forecast and opportunities, 2019
DESCRIPTION
Continuing growth in infrastructure, growing religious tourism and increasing government focus on non-oil sectors to drive commercial vehicles market in Saudi Arabia.TRANSCRIPT
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Saudi Arabia Commercial Vehicles Market, Forecast & Opportunities, 2019
I n d u s t r y B r i e f
© TechSci Research
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Saudi Arabia is one of the largest and strongest growing automobile markets in the Middle East. As there is negligible
domestic production of automobiles in Saudi Arabia, the country’s growing demand for automobiles is being addressed
predominantly through imports. Commercial vehicle market in the country is also an import driven market, with most of the
vehicles being shipped as CBUs (Completely Built Units) or SKDs (Semi Knocked Down). New infrastructure projects that
include development of railways, roads, bridges and ports; increasing government focus on developing non-oil sectors like
power, real estate and tourism industry; continuing growth in religious tourism; and Euro V emission regulation are the
major factors driving Saudi Arabia’s commercial vehicle market. Apart from Isuzu Motors that started its CKD unit in the last
quarter of 2013, there is no other commercial vehicle OEM that has its manufacturing facility in Saudi Arabia. Toyota,
Mercedes Benz, Volvo, Hyundai, Tata Motors, Isuzu Motors and Ashok Leyland are the leading players in commercial vehicle
market in the country.
According to “Saudi Arabia Commercial Vehicles Market Forecast & Opportunities, 2019”, the country’s commercial
vehicle market is expected to grow at a CAGR of around 15% during till 2019. Light Commercial Vehicles (LCV) are the most
widely sold commercial vehicles in the country, followed by Medium Heavy Commercial Vehicles (MHCVs) and Buses.
However, the Bus segment is projected to exhibit highest growth among all commercial vehicle segments during the forecast
period. In terms of commercial vehicle sales, North/Central and Western regions are currently the most dominant regions
and the trend is expected to continue as most of the infrastructure projects are scheduled to come up in these regions over
the next five years. Most of the commercial vehicles in the country are imported from Thailand, Japan, Germany, China and
the US. Being a major commercial vehicle export destination in the MENA region, various players operating in Saudi Arabia
are also involved in re-exporting commercial vehicles to other GCC and Arab league countries. “Saudi Arabia Commercial
Vehicles Market Forecast & Opportunities, 2019” report elaborates following particulars about the commercial vehicle
market in Saudi Arabia:
Saudi Arabia Commercial Vehicles Market Size, Share & Forecast
Segmental Analysis - By Vehicle Type & Regional Analysis
Policy & Regulatory Landscape and Import Export Analysis
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations
T a b l e o f C o n t e n t
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1. Research Methodology
2. Analyst View
3. Saudi Arabia Commercial Vehicles Market Overview
4. Saudi Arabia Commercial Vehicles Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share & Forecast
4.2.1. By Region
4.2.2. By Company
4.2.3 By Vehicle Type
5. Saudi Arabia Bus Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Region
5.2.2. By Company
6. Saudi Arabia MHCV Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
T a b l e o f C o n t e n t
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6.2. Market Share & Forecast
6.2.1. By Region
6.2.2. By Company
7. Saudi Arabia LCV Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Region
7.2.2. By Company
8. Market Dynamics
8.1. Drivers
8.2. Challenges
9. Import Export Analysis
10. Policy and Regulatory Landscape
11. Value Chain Analysis
12. Market Trends and Developments
12.1. Increase in CKDs
12.2. Electric Buses
12.3. Hybrid Buses
12.4. Euro V Standard
13. Saudi Arabia Economic Profile
14. Competitive Landscape
14.1 Toyota Motors Corporation
14.2 Tata Motors Limited
T a b l e o f C o n t e n t
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14.3 Ashok Leyland Limited
14.4 MAN Truck and Bus
14.5. Volvo Trucks and Volvo Bus
14.6. Mercedes Benz
14.7. Isuzu Motors
15. Strategic Recommendations
16. Annexure
17. About Us and Disclaimer
L i s t o f F i g u r e s
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• Figure 1: Saudi Arabia Commercial Vehicle Market Size , By Value, 2009-13 (USD Billion)
• Figure 2: Saudi Arabia Commercial Vehicle Market Size, By Value, 2014E-19F (In USD Billion)
• Figure 3: Saudi Arabia Commercial Vehicle Market Size, By Volume, 2009-13 (In Thousand Units)
• Figure 4: Prominent Factors for Saudi Arabia Commercial Vehicle Growth During 2009-13
• Figure 5: Saudi Arabia Commercial Vehicle Market Size, By Volume, 2014E-19F (In Thousand units )
• Figure 6: Prominent Factors for Saudi Arabia Commercial Vehicles Growth During 2014 - 19
• Figure 7: Saudi Arabia Commercial Vehicle Market Share, By Region, By Volume, 2013 & 2019F
• Figure 8: Saudi Arabia Commercial Vehicle Market Share, By Company, By Volume, 2013
• Figure 9: Saudi Arabia Commercial Vehicle Market Share, By Company, By Volume, 2019F
• Figure 10: Saudi Arabia Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2013
• Figure 11: Saudi Arabia Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2019F
• Figure 12: Saudi Arabia Bus Market Size , By Value, 2009-13 (USD Billion)
• Figure 13: Saudi Arabia Bus Market Size, By Value, 2014E-19F (In USD Billion)
• Figure 14: Saudi Arabia Bus Market Size, By Volume, 2009-13 (In Thousand Units)
• Figure 15: Prominent Factors for Saudi Arabia Bus Growth During 2009-13
• Figure 16: Saudi Arabia Bus Market Size, By Volume, 2014E-19F (In Thousand units )
• Figure 17: Prominent Factors for Saudi Arabia Bus Growth During 2014 - 19
• Figure 18: Saudi Arabia Bus Market Share, By Region, By Volume, 2013 & 2019F
• Figure 19: Saudi Arabia Low End Bus Market Share, By Company, By Volume 2013
• Figure 20: Saudi Arabia Low End Bus Market Share, BY Company, By Volume, 2019F
• Figure 21: Saudi Arabia High End Bus Market Share, By Company, By Volume 2013
• Figure 22: Saudi Arabia High End Bus Market Share, By Company , By Volume, 2019F
• Figure 23: Saudi Arabia MHCV Market Size, By Value, 2009-13 (USD Billion)
L i s t o f F i g u r e s
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• Figure 24 Saudi Arabia MHCV Market Size, By Value, 2014E-19F (In USD Billion)
• Figure 25 Saudi Arabia MHCV Market Size, By Volume, 2009-13 (In Thousand Units)
• Figure 26 Prominent Factors for Saudi Arabia MHCV Growth During 2009-13
• Figure 27 Saudi Arabia MHCV Market Size, By Volume, 2014E-19F (In Thousand units )
• Figure 28 Saudi Arabia MHCV Market Share, By Region, By Volume, 2013 & 2019F
• Figure 29 Saudi Arabia MHCV Market Share, By Company, By Volume 2013
• Figure 30 Saudi Arabia MHCV Market Share, By Segment, By Volume, 2019F
• Figure 31 Saudi Arabia Light Commercial Vehicle Market Size, By Value, 2009-13 (USD Billion)
• Figure 32 Saudi Arabia Light Commercial Vehicle Market Size, By Value, 2014E-19F (In USD Billion)
• Figure 33 Saudi Arabia Light Commercial Vehicle Market Size, By Volume, 2009-13 (In Thousand Units)
• Figure 34 Saudi Arabia Light Commercial Vehicle Market Size, By Volume, 2014E-19F (In Thousand Units)
• Figure 35 Saudi Arabia LCV Market Share, By Company, By Volume, 2013
• Figure 36 Saudi Arabia LCV Market Share, By Company, By Volume, 2019F
L i s t o f T a b l e s
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• Table 1: Top 100 Infrastructure Projects Under Execution In Saudi Arabia
• Table 2: Saudi Arabia Commercial Vehicle Import, By Volume, in 2012
• Table 3: Saudi Arabia Commercial Vehicle Export, By Value in 2012
• Table 4: Duties charged on commercial vehicles, By GVW, By Type
• Table 5: Other Infrastructure Projects Under Execution In Saudi Arabia
R e s e a r c h M e t h o d o l o g y
© TechSci Research
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Baseline Methodology :
For the study, TechSci Research gathered information through primary research surveys with prominent
commercial vehicles suppliers based in Saudi Arabia. We have verified the information from prominent distributors
of commercial vehicles. We also put through exhaustive search of credible paid databases such as Business Week,
Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the
collected information and personated them in chronological order to depict a meaningful and clear picture of the
Saudi Arabia Commercial Vehicle Market.
While compiling the data, we have also cross checked all the collected information from multiple sources and data
warehouses, so as to present the most accurate and precise information of the concerned industry.
Sources :
The Central Department of Statistics and Information of Saudi Arabia, Economic Intelligence Unit (EIU), Hoovers,
Business Week, Company Annual Reports, Factiva, One Source and News Articles
Companies Interviewed
MAN trucks, Mercedes Benz, Ashok Leyland. TATA Motors, Toyota,ISUZU etc.
S a m p l e D a t a - S n a p s h o t
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© TechSci Research
X%
Multi-ProductX%
PharmaceuticalX%
TextileX%
2.00
4.00
6.00
8.00
10.00
12.00
2014E 2015F 2016F 2017F 2018F 2019F
Figure 2: Saudi Arabia Commercial Vehicle
Market Size, By Value, 2014E-19F (USD
Billion)
20
40
60
80
100
2009 2010 2011 2012 2013
Figure 11: Saudi Arabia Light Commercial
Vehicle Market Size, By Volume, 2009-13
(Thousand Units)
Northern and Central Region
2013 2019F
X% X%
Western Region
2013 2019F
X% X%
Southern Region
2013 2019F
X% X%
Eastern Region
2013 2019F
X% X%
Figure 4: Saudi Arabia Commercial Vehicle Market Share, By Region, By Volume, 2013 &
2019F
Toyota
Mercedez
Benz
Isuzu
17%
Hyundai
17%
Volvo
17%
Others
Figure 5: Saudi Arabia Commercial Vehicle
Market Share, By Company, By Volume,
2013
Population Growth (In Million)
10
20
2013
2019F
Toyota
Mercedez
Benz
Isuzu
17%
Hyundai
17%
Volvo
17%
Others
Figure 6: Saudi Arabia Commercial Vehicle Market
Share, By Company, By Volume, 2019F
R e p o r t O r d e r i n g
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© TechSci Research
Report Name: Saudi Arabia Commercial Vehicles Market Forecast and Opportunities, 2019
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TechSci Research is a global market research and consulting company with offices in Canada, the UK and India. TechSci Research
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and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the Saudi Arabia’s Commercial vehicle market.
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