Industria
GCC New & Used Car Market Races to AED 4,964.4 Billion by 2028: Fueled by Soaring Population, Rising Incomes, and Green Ambitions - Ken Research
The GCC New & Used Car Market is poised for a vibrant future, fueled by a confluence of positive factors. As disposable incomes rise, populations grow, and technological advancements redefine the industry, the market is set to witness continued expansion and diversification. With a focus on sustainability, digitalization, and evolving consumer preferences, the GCC car market presents a lucrative landscape for innovative and adaptable players. So, fasten your seatbelts and prepare to navigate this exciting terrain - the GCC New & Used Car Market is waiting to propel you forward!
Saudi Arabia
UAE
Kuwait
Qatar
Oman
Bahrain
KSA Domestic and Re-Export
UAE Domestic and Re-Export
Kuwait Domestic and Re-Export
Qatar Domestic and Re-Export
Oman Domestic and Re-Export
Bahrain Domestic and Re-Export
Saudi Arabia
UAE
Kuwait
Qatar
Oman
Bahrain
Domestic
Re-Export
LPV
LCV
RV
Dubai
Sharjah
Abu Dhabi
Others
UAE used car market to witness growth slowdown in 2023 due to improved conditions in the new car market related to semiconductor shortages. Reduced waiting periods for new cars shift consumer preference, but strong demand in the used car market persists, especially for mid-level cars.
Malaysia Used Car Market will expand at a CAGR of 8.5% between 2022 and 2027 owing to the rising middle class and online used car platforms the boom in the number of online auto-classified platforms and the traction of the consumers towards online platforms will contribute to the inclining used car sales in the country.
The France Used Car market is forecasted to continue exponential growth after the outbreak of COVID-19 pandemic worldwide. One of the main trends driving market expansion is the need for a personal automobile by people, particularly in the aftermath of the covid-19 pandemic's spread across countries. Though the market is fragmented competitive with a few niche players control the dominant share.
The UK Used Car Market is expected to generate ̴ GBP 273 Billion by 2026F, with a CAGR of around 11.4% during 2022- 2026F owing to government regulations, increased, online presence of new emergent players, increasing smartphone & internet penetration & a growing middle class population.
Ken Research Private Limited
Ankur Gupta , Director Strategy and Growth
+91-9015378249
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