The market is dominated by foreign suppliers, as imports account for 67.7% of total market size in 2023. Investments drive market demand, with investments representing 73.7% of total demand in 2023. Saudi Arabia has the largest market size for motor vehicles and parts regionally, with demand reaching USD50.8 billion in 2023. ZMS Group is the largest company in Saudi Arabia, generating 2.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 5.2% of total production value in 2023. The total number of companies decreases in 2023, to 398 units. The costs of the industry decrease by 4.4% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 27.9% of production value in 2023, the seventh highest regionally. The industry’s exports share decreases in 2023 to 21.9% of total production output. With production value of USD3.7 billion, Saudi Arabia accounts for 10.4% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in Saudi Arabia: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in Saudi Arabia: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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