Glasgow Insights

 The Kingdom of Saudi Arabia (KSA) has a thriving passenger car aftermarket industry, which is an essential part of the country's automotive sector. The aftermarket sector encompasses a wide range of products and services, including maintenance and repair, parts and accessories, and customization and tuning. This analysis provides an in-depth look into the KSA's passenger car aftermarket industry , exploring the latest trends, opportunities, and challenges. It examines the various segments of the aftermarket, such as maintenance and repair, parts and accessories, and customization and tuning. It also highlights the impact of the COVID-19 pandemic on the industry and how the sector has adapted to the new normal. The analysis also sheds light on the factors driving the growth of the KSA's passenger car aftermarket, including the country's growing car ownership, the rise of e-commerce platforms, and the increasing demand for customization and personalization. It also delve...

  The Government of the United Arab Emirates supports the automotive sector as a key revenue generator. As a result, it is one of the fastest-growing automobile markets in the Middle East region. After the 2008 financial crisis, the UAE automotive market gradually began to recover. There was outstanding growth between late 2010 to early 2015. This growth was disrupted in the second half of 2015 as oil revenue declined. The situation turned for the better in 2019, but soon Covid pandemic hit the country affecting the sales of the automobile. While the sales of new cars dropped by almost 50%, the market for used and pre-owned cars saw a rise in sales. With the air of uncertainty in the economic sector, earnings dipped and consumers preferred to buy second-hand cars. Many auto manufacturing companies were forced to halt the production of new cars, resulting in a surge in used car sales in the market. The period after the pandemic saw a quick rise in the sales of new cars. The United A...

 The United Arab Emirates (UAE) has the second largest commercial vehicle market in the GCC after Saudi Arabia. The GDP is expected to grow significantly with strong and consistent reforms by the Government in helping advance the trucking sector besides other factors. The commercial vehicles market is dominated by the trucks that includes pickups, light-duty, medium, and heavy-duty trucks. To Get Full Analysis Report : https://www.glasgowinsights.com/blog/commercial-vehicles-market-in-uae-2022/ Sectors like manufacturing, construction, retail, and transportation are major applications of the truck market. The heavy-duty trucks, with a gross vehicle weight of around 16 tons and more, are usually used in waste management as dump trucks and long-hauls. While the Middle East has witnessed slow growth in the commercial vehicles market in the last few years, due to several factors, the market continues to hold the potential for substantial growth. The UAE relies heavily on oil and gas ex...

 In 2022, Saudi Arabia’s ministry of finance approved a budgeted revenue of SAR1,045 billion, an increase of 12.1% over 2021. the growth is backed by improvement in domestic economy, coupled with positive trend in oil prices – a result of global demand increase and Ukraine conflict. The oil & gas sector is expected to remain a key source of revenue for government during 2022-2024; represented ~73% of total revenue in 2022. After witnessing turmoil in the oil-based economic growth for a decade (2010-2019), KSA is currently focused on transition. Over the next decades (2020-30), the Kingdom has envisioned a prosperous and self-dependent economy through its “Vision 2030 Program. To get Full Analysis report : https://www.glasgowinsights.com/blog/saudi-arabia-car-leasing-and-rental-market-to-reach-sar-10-billion-by-2027/ KSA vision 2030 under the National transformation program aims to contribute close to 80% of trade in retail sector through modern trade and E-commerce. KSA also pl...

Steel fabrication is the process of transforming crude steel (ingots, billets) or semi-finished steel (plates, sections, rebars, wires) into desired shape for application in various industries such as construction, machinery manufacturing, automotive, etc. The process produces metal structures using a range of processes such as cutting, bending and assembling. Below is an overall overview of the GCC market size of steel fabrication. GCC steel fabrication market is mainly driven by the several construction and infrastructure projects, along with oil & gas sector developments in the region. The demand for fabricated steel products has witnessed decline since 2017, mainly on the part of completion of high number of construction projects planned in early 2020s. The overall decline in steel fabrication consumption is mainly due to decline in Saudi Arabia, UAE and Qatar market. To get Full Analysis report : https://www.glasgowinsights.com/blog/market-for-steel-fabrication-in-gcc-2021/ T...

Although the retail sector remains challenged with many upcoming super-regional malls, growth of e-commerce and change in consumer preferences in Riyadh, the sector is expanding rapidly and demand for retail space is growing with relaxation in certain rules, increase in demand for Family Entertainment Centres. There are a number of upcoming retail mall developments in the city which will increase the total mall based GLA. As such the current market preference is for large-scale malls for destination shopping & leisure experiences and strip centers for convenience retail needs and everyday dining. Riyadh Mall is a prominent retail destination located in the heart of the city of Riyadh, Saudi Arabia. The mall boasts a diverse range of retail stores, entertainment options, and dining experiences, making it a popular shopping and leisure destination for locals and tourists alike. In this Retail Market Overview for 2021, we will explore the current state of the retail market in Riyadh M...