Glasgow Insights

  The car leasing market in Saudi Arabia (KSA) is experiencing significant growth and transformation. With various market drivers and evolving customer preferences, the sector is poised for expansion. In this blog, we will explore the current state of the car leasing market in KSA, its potential growth trajectory, and the challenges faced by industry players. Market Overview: In 2022, the passenger car operating lease market in KSA, including both passenger vehicles (PV) and light commercial vehicles (LCV), was estimated to be around 110,000 units. This market is projected to grow at a compound annual growth rate (CAGR) of 7.2% and reach approximately 250,000 units by 2032. This growth is expected to contribute to a market revenue of SAR 6 billion in 2032. The growth is likely to be led by: Women Drivers:  The recent issuance of over 174,000 licenses to women drivers in Saudi Arabia has created a significant opportunity for the leasing and rental sector. As more women gain in...

The GRC Automotive practice provides regional market intelligence, thought leadership and insights to the emerging & fast transforming sector in Middle East and Africa region. We help clients identify the top mega tends in areas of mobility solutions. Click : https://www.glasgowinsights.com/what-we-do/automotive-transportation-research-and-consulting/ Practice Team offers Three levels of Consulting & Advisory Services 3- Market Research Customized Market Research Projects to Analyze & Evaluate Client Requirements, Competitors, Top Trends & Growth Opportunities 2- Consultancy Committed to Identifying Growth Options and Providing Market Entry Solutions 1- Decision Support Databases Customized Databases and information provide all necessary inputs for Operational Planning Our Value Proposition WHAT MAKES GRC UNIQUE? In-depth Understanding of the Market Customer Research Expertise Consulting Background Middle East and Africa Footprint with  offices in 2 countries 01- In...

  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. 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. https://www.glasgowinsights.com/wp-content/uploads/2023/06/Commercial-Vehicles-Market-in-UAE-Sept-2022.pdf

  The United Arab Emirates (UAE) is a country known for its opulence, luxury, and a thriving economy. With its vast oil reserves and progressive vision, the UAE has experienced unprecedented growth in various sectors. Among them, the automotive industry has witnessed remarkable development, transforming the country into a hub for car enthusiasts and manufacturers. In this blog post, we will explore the dynamic Chine OEMS in the UAE car market and shed light on the factors that contribute to its success Economic Prosperity and High Disposable Income:  The UAE’s flourishing economy plays a pivotal role in the growth of its car market. With a high GDP per capita and a prosperous business environment, the UAE residents enjoy significant purchasing power. This economic prosperity has led to an increased demand for vehicles, especially luxury cars and SUVs. The country’s affluent population seeks vehicles that epitomize comfort, style, and the latest technological advancements Growt...

 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. The GCC steel fabrication market was estimated to be approximately USD 3.0 billion in 2020, a decline of ...

 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. Click : https://www.glasgowinsights.com/blog/riyadh-mall-based-retail-market-overview-2021/ There are many malls to be delivered in the coming years – Mall of Saudi, The Avenues Riyadh , City Centre Ishbiliyah, Al Wedyan, Mall of Arabia. Regional Malls currently account for 37% of the total GLA in Riyadh. Source: GRC analysis Source: GRC analysis Unlike Dubai, which has higher ratio o...