DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g53xjb/saudi_arabia) has announced the addition of the "Saudi Arabia Commercial Vehicles Market Forecast & Opportunities, 2019" report to their offering.
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 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 CBUs (Completely Built Units) or SKDs (Semi Knocked Down).
Toyota, Mercedez Benz, Volvo, Hyundai, Tata Motors, Isuzu Motors and Ashok Leyland are the leading players in commercial vehicle market in the country.
Key topics covered in this report:
- Increase in CKDs
- Electric Buses
- Hybrid Buses
- Euro V Standard
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Saudi Arabia Commercial Vehicle Market Overview
4. Saudi Arabia Commercial Vehicle Market Outlook
5. Saudi Arabia Bus Market Outlook
6. Saudi Arabia MHCV Market Outlook
7. Saudi Arabia LCV Market Outlook
8. Market Dynamics
9. Import Export Analysis
10. Policy and Regulatory Landscape
11. Value Chain Analysis
12. Market Trends and Developments
13. Saudi Arabia Economic Profile
14. Competitive Landscape
15. Strategic Recommendations
For more information visit http://www.researchandmarkets.com/research/g53xjb/saudi_arabia