Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract
foreign investment to kick start Dammam manufacturing city to aid re-exports
& fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With
Vision 2030, KSA is trying to gain impendence of imports, which basically
fulfill ~85-90% of the overall automotive demand in KSA. The availability of
only 4 domestic manufacturers in the country is a concern, which is being
tackled by lucrative investment opportunities to develop EV & Light vehicle
producing plants. Along with vehicles, KSA government is also providing
opportunities to develop spare parts manufacturing plants & factories
Impact of COVID-19 on the Automotive Market: Saudi
Arabia witnessed a country wide lockdown owing to the COVID-19 with all the
industries shut across various province. The complete lockdown in the second
quarter of 2020 left a mark on imports & new vehicle sales (down by 60% in
July), as demand came to a halt for cross country movements, rental industry
& share mobility market (down by ~70% for the 2nd quarter of 2020) also
suffered drastically. However, covid-19 has opened various revenue schemes for
players by providing them an online presence (E-Retailing penetration of new
cars went from 0.5% to ~3% in only a month) & a new market altogether.
Ownership period of cars has also increased, directly affecting used car &
servicing & repair market
Influx of Domestic & International Capital: The
National Industrial Cluster Development Program (NICDP) under the Ministry of
Energy, Industry & Mineral Resources is formed to aid automotive related
investors & companies in carrying out market research & provide market
data to identifying best possible locations, sites, suppliers & staff. Help
in evaluating business model options such as FDI, JV & more. The capital of
the Saudi Industrial Development Fund (SIDF) has been increased by SR 6 bn
($1.6 bn) to help finance the kingdom’s industrial sector including entry into
new industries & revenue streams. The fund provides loans & promotes
other investment opportunities, mainly for MSMEs. They further plan to attract
more FDI for new ventures as well.
Analysts at Ken Research in their latest publication " KSA Automotive Industry Outlook to 2025 – Focus on Technology Adoption & Trends for Dealers, Distributors, Spare Parts Suppliers, Fleet and Leasing Companies and Car service providers)"observed that the there is a vast opportunity to disrupt the traditional & conservatively operating automotive Industry in the Kingdom of Saudi Arabia. The report discussed the current technology adoption amongst the various segments of players such as Importers, Distributors, Spare Part Dealers, Dealerships, Workshops, car Spas, Rental & Leasing Players amongst more.
The report further analyzed each
segment in detail, providing a brief overview along with market size,
segmentation, competition analysis, trends, developments & future analysis
of various segments, focusing keenly on entity relationships & business
models.
These segments are then further
analyzed to gain a better understanding of the ERP & CRM modules required
to pave the way for digitization amidst the industry, across KSA.
Key Segments Covered:
KSA Imports & Sales
Industry (Distributors & Dealerships)
Import & Export Analysis
Competition Analysis of Major OEM Brands
Future Trends & Developments & Growth Factors
KSA Automotive
Aftermarket Spare Parts & Service Industry
Spare parts Industry
Aftermarket Service Industry
Competition Analysis of Major Players via Cross Comparisons
& Heat Maps
KSA Automotive Leasing
& Rental Industry
KSA Rental Industry (Market Size, Competition &
Segmentation)
KSA Leasing Industry (Market Size, Competition &
Segmentation)
Impact of Covid-19 on
KSA Automotive Industry
Impact of Covid 19 on KSA Automotive Industry
Mobility Industry looks forward to Utilize Digital Platforms
Post Covid KSA Automotive Industry Outlook
Technology Adoption
& Usage Trends in KSA Automotive Industry
Overview of Industry
KSA Automotive Technology Trends, Adoption &
Recommendations
Key Target Audience
KSA Car Dealerships
KSA Automotive Industry
KSA Automotive Workshops
KSA Spare Parts Retailers
KSA Automotive Logistic Service Providers
KSA Car Rental Players
KSA Car Leasing Players
KSA ERP Service Providers
KSA Technology Consultants
KSA Foreign Relation Ministry
KSA Customs Department
KSA Ports Authority
KSA Automotive Industry
KSA Imports & Export Authority
KSA Hardware Technology Manufacturers
KSA Software Technology Manufacturers
KSA Cloud Storage Providing Enterprises
KSA Public Institutions
Time Period Captured in
the Report:
Historical Period: 2014-2019
Forecast Period: 2019-2025
Companies Mentioned:
Importers/Car
Dealership
Abdul Latif Jameel Motors
Almajdouie Automotive
Wallan Trading Co.
Mohamed Yousuf Naghi Motors
Haji Husain Alireza & Co.
(Mazda, MAN, Aston Martin)
Nissan Petromin
Manahil International
Aljomaih Automotive Company
Universal Motors Agencies
Kia Al Jabr
Al Yemni Motors
Alissa Universal Motors Co.
Bakhashab Brothers Co.
Alesayi Motor Company
Al Jazirah Vehicles Agency
Juffali Automotive Company
Spare Part
Retailers/Wholesalers
Balubaid
Barik International
Babatin Auto Parts
Speero
Juffali Auto Parts Company (JAPCO)
Samaco
M S Almeshri & Bros Co.
AL-OLIAH Auto Spare Parts
Delmon Group of Companies
SNAM
Ubuy
Munif Al Nahdi Group (Mize)
Odiggo
Accidom
Bawazeer Auto Parts
Bin sahib
AHQ Parts
Danya Auto Parts
Rezayat Automotive
Saudi Parts Center Company (Al Khorayef Group)
Aftermarket Service
Providers
Branded Workshops
AutoFix
SAC Motor
Castrol
BEC (Best Engine Centre)
Sheikh Center (SKBMW)
Abu Jihad Car Maintenance Center
Ac Delco Service Centres
Tyre Plus
3M Authorized Centre
Mize
AdinLub
Car Spa
Car Hub
Ezhalha
Petromin Express
Auto Hub
Exxon Mobil
Autoworld
Castrol Branded Workshops
Shell Fastlube
Fuchs One
NAFT
Ziebart
Grease Monkey
Quick Car Service
Morni
Agency Repair
Samaco
United Motors Express Service Lane
Al Jazeera
Renault
Kia Motors
Fast Auto Technic
Mohammed Yousaf Naghi Motors
Porsche
Land Rover
Quick lane
Nissan Petromin
Haji Husain Alireza & Co.
Universal Motors Agencies
Aljomaih Automotive Company Ltd.
Alesayi Motors
Al Yemni Motors
Alissa Universal Motors Co.
Bakhashab Brothers Co
Al Juffali & Brothers Automotive Ltd.
Wallan Hyundai
Un-Organized/
Independent Players
Middle East Auto Services
Carzzone
German Centre
Cartech
Alod Haib
Al-Aruba Sinnaiyah
Saudi Chinese Vehicle Repair
Al Shamel Car Maintenance Center
Al Nafie Car Maintenance Workshop
Alsajow Center for Car Maintenance
Red Car
Saudi Egyptian Center for Car Maintenance
SRT 8
Al Bayan Car Maintenance
Mujahid Garage
1 Check Car Services (One Examination Workshop)
Saudi radiators
Global Auto Maintenance
Mohammed Al- Tkhais Abu Rakan
Anwar Al Mamlaka Center
Quick Cars Service
Best Corner Car Maintenance
American Diamond Specialist Center
Cars electricity and air conditioning
Badr Sentop workshop BST
Grace Monkey (International Company)
Super Service Auto Center
XEOEX
German Centre
AutoGard
Rental & Leasing
Industry
Rental Players
Budget rent a car
Theeb rent a car
Al Wefaq rent a car
Autoworld rent a car
Key rent a car
Avis rent a car
Hanco rent a car
Samara rent a car
Hertz rent a car
Autorent a car
Leasing Players
Ford Aljazirah
Budget Rent a Car
Universal Motors
Al Jomaih
Best rent a car
Al Tayyar rent a car
Enterprise rent a car
Hanco rent a car
Theeb rent a car
Shary rent a car
ERP & CRM Providing
Technical Consultants
Britehouse
Techedge
Saudi Business Machine
Tyconz
Accenture
Tata Consultancy Services
Tech Mahindra
HCL
Unitrans
NTT Data
Deloitte
CDK Connect
Seidor
Wipro
Key Topics Covered in
the Report:
Saudi Arabia Automotive
Industry Overview
Saudi Arabia Imports
& Sales Industry (Distributors & Dealerships)
Automotive Imports & Sales Industry Ecosystem, KSA
Value Chain Analysis of KSA Automotive Imports & Sales
Annual Automotive Imports Traffic for Major KSA Ports
Analysis of Imported Goods & Major Countries Importing in
KSA
Value & Volume of Vehicles Imported, KSA
Segmentation of Imports on the basis of Vehicle Type, KSA
Automotive Vehicle Manufacturing Clusters Analysis, KSA
New Motor Vehicle Sales, KSA
Market Segmentation of Automotive Sales on the basis of
Region, KSA
Demographics of KSA Citizens Supporting Automotive Industry,
(2019)
Segmentation of Vehicle Sales on the basis of Brands & Vehicle
Type, KSA
Market share of International OEMs in New Vehicle Sales, KSA
(2019)
Competition Analysis of Automotive Imports & Sales
Industry, KSA (2019)
Profiles of Major Dealerships & Distributors
Business Model & Revenue Stream of Importers/Distributors/Dealerships
Trends & Developments in Automotive Vehicle Industry
Future of Imports & Sales
KSA Automotive
Aftermarket Spare Parts & Service Industry
KSA Aftermarket Industry Ecosystem
Aftermarket Spare Parts Industry
KSA Aftermarket Service Industry
Future Trends of Aftermarket Spare Parts & Service
Industry
KSA Automotive Leasing
& Rental Industry
Macroeconomic Overview of the Rental & Leasing Industry
KSA Automotive Leasing (Long Term) Industry
KSA Rental Industry
Future of Leasing & Rental Industry
Impact of Covid-19 on
KSA Automotive Industry
Impact of Covid 19 on KSA Automotive Industry
Mobility Industry looks forward to Utilize Digital Platforms
Post Covid KSA Automotive Industry Outlook
Technology Adoption
& Usage Trends in KSA Automotive Industry
Overview of Industry
KSA Automotive Technology Trends, Adoption &
Recommendations
For more information on
the research report, refer to below link:
Related Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
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