Middle East Automotive Market (2023-2029) | Share, Analysis, COVID-19 IMPACT, Growth, Forecast, Companies, Revenue, Industry, Outlook, Size, Value & Trends

Middle East Automotive Market Highlights

Report Name	Middle East Automotive Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	10.89%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Countries, By Product Type
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Middle East Automotive Market Report

The Middle East automotive market report thoroughly covers the market by product type, country and competitive landscape. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Middle East Automotive Market Synopsis

The Middle East automotive industry is characterized by a diverse landscape of manufacturers, distributors, and consumers. In recent years, the market has witnessed several notable trends. Firstly, there is a growing demand for electric vehicles (EVs) and hybrid cars, driven by increasing environmental awareness and government incentives to reduce emissions. Secondly, the region's younger population and their affinity for advanced technology have led to a rising interest in connected and autonomous vehicles. Furthermore, the shift towards digitalization and e-commerce has impacted the aftermarket segment, with a growing focus on online sales channels for automotive parts and services. Despite these advancements, economic fluctuations due to oil price volatility continue to influence consumer sentiment and purchasing power in the Middle East automotive market. Moreover, the Middle East automotive market has witnessed an increasing focus on sustainability and technology. Electric vehicle (EV) adoption is on the rise, with countries like the UAE and Saudi Arabia promoting EV infrastructure and offering incentives to drive the shift towards cleaner transportation. Moreover, the region has seen investments in local EV manufacturing and assembly plants, further encouraging EV adoption. Additionally, the emergence of ride-sharing and car-sharing services, along with the growth of online car sales platforms, reflects changing consumer preferences and a move towards greater digitalization in the automotive sector. However, the market continues to face challenges related to economic fluctuations and geopolitical tensions.

According to 6Wresearch, the Middle East automotive market size is projected to reach USD 1601.34 million, registering a CAGR of 10.89% during the forecast period 2023-2029. The Middle East automotive market is being driven by several key factors. Firstly, rising disposable incomes and a growing population are leading to increased consumer demand for vehicles, particularly in the Gulf Cooperation Council (GCC) countries. Secondly, government initiatives and regulations aimed at reducing carbon emissions are stimulating the adoption of electric and hybrid vehicles, as well as the development of EV infrastructure. Thirdly, infrastructure projects and economic diversification efforts, such as those in Saudi Arabia's Vision 2030 plan, are boosting commercial vehicle sales, including trucks and buses. Additionally, the region's expanding tourism industry is driving demand for rental and transportation services. Lastly, digitalization and the integration of advanced technologies in vehicles are attracting tech-savvy consumers, further propelling the automotive market's growth in the Middle East.

COVID-19 Impact on the Middle East Automotive Market

The COVID-19 pandemic has created a substantial impression on the Middle East Automotive market revenues. The outbreak disrupted supply chains, leading to production delays and a shortage of vehicle components, which affected manufacturing operations and led to reduced vehicle availability. Lockdowns and economic uncertainties resulted in decreased consumer spending, causing a dip in new car sales and postponement of vehicle purchases. Moreover, travel restrictions and lockdowns impacted the tourism sector, affecting demand for rental and commercial vehicles. However, as restrictions eased and vaccination campaigns progressed, there was a gradual recovery in the automotive market, with a shift in consumer preferences towards private transportation as a safer alternative. Additionally, the pandemic accelerated the adoption of digital sales channels and online platforms, transforming the buying process and shaping the future of automotive retail in the region.

Key Players in the Middle East Automotive Market

The Middle East automotive market features several key players that have established a significant presence in the region. Some of the prominent automotive companies include Toyota, which has a strong market share across many Middle Eastern countries, offering a wide range of vehicles from sedans to SUVs. Nissan and Honda also have a substantial presence in the region, providing reliable and popular models. Luxury car manufacturers like BMW, Mercedes-Benz, and Audi cater to a growing demand for premium vehicles, particularly in Gulf countries like the UAE and Saudi Arabia. Further, some of the establishments hold considerable Middle East automotive market share. Additionally, local brands like TATA Motors in the commercial vehicle segment and Al Tayer Motors as a major dealership group play pivotal roles in the Middle East's automotive landscape, ensuring diverse choices for consumers in the region.

Market by Product Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Middle East automotive market encompasses a diverse range of product categories, reflecting the varied preferences and demands of consumers across the region. Passenger cars remain a dominant category, including sedans, hatchbacks, SUVs, and luxury vehicles, catering to both individual and family transportation needs. Commercial vehicles, such as trucks, vans, and buses, are crucial for logistics and transportation sectors, given the region's growing infrastructure projects and trade activities. The market also sees a rising interest in electric vehicles (EVs) and hybrid cars, aligning with global trends towards sustainability. Moreover, the aftermarket segment is significant, with a wide array of auto parts, accessories, and services available to meet the maintenance and customization requirements of vehicle owners. Overall, the Middle East automotive market offers a comprehensive selection of products and services to cater to the diverse needs of its consumers and businesses.

Market by Countries

The Middle East automotive market boasts several key performing countries that have played pivotal roles in the sector's growth and development. The United Arab Emirates, particularly Dubai and Abu Dhabi, have been prominent due to their affluent consumer base and a robust automotive infrastructure that includes luxury car dealerships and motorsports events. Moreover, Saudi Arabia is also a chief country in the automotive market in the region and has grasped the mainstream of the Saudi Arabia automotive market share. In addition, Saudi Arabia, with its large population and economic diversification efforts under Vision 2030, has witnessed increased demand for both commercial and passenger vehicles. Qatar, Kuwait, and Oman have also shown strong growth in the automotive sector, driven by infrastructure projects, tourism, and rising consumer incomes. These key-performing countries collectively contribute to the dynamic and evolving landscape of the Middle East automotive market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Middle East Automotive Market Outlook
• Market Size of Middle East Automotive Market, 2022
• Forecast of Middle East Automotive Market, 2029
• Historical Data and Forecast of Middle East Automotive Revenues & Volume for the Period 2019 - 2029
• Middle East Automotive Market Trend Evolution
• Middle East Automotive Market Drivers and Challenges
• Middle East Automotive Price Trends
• Middle East Automotive Porter's Five Forces
• Middle East Automotive Industry Life Cycle
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Middle East Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Saudi Arabia Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of UAE Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of UAE Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Qatar Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Kuwait Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Oman Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Oman Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Bahrain Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Turkey Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Electric for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Plug-In Hybrid Electric for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Mild Hybrid for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Natural Gas for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Fuel Cell Electric for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Automotive Market Revenues & Volume By Diesel for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Middle East Electric Automotive Market Revenues & Volume By Petrol for the Period 2019 - 2029
• Middle East Automotive Market - Key Performance Indicators
• Middle East Automotive Market - Import Export Trade Statistics
• Middle East Automotive Market - Opportunity Assessment By Countries
• Middle East Automotive Market - Opportunity Assessment By Product Type
• Middle East Automotive Market - Top Companies Market Share
• Middle East Automotive Market - Top Companies Profiles
• Middle East Automotive Market - Comparison of Players in Technical and Operating Parameters
• Middle East Automotive Market - Strategic Recommendations

Markets Covered

The Middle East Automotive market report provides a detailed analysis of the following market segments:

By Product Type

• Electric
• Hybrid Electric
• Plug-In Hybrid Electric
• Mild Hybrid
• Natural Gas
• Fuel Cell Electric
• Diesel
• Petrol

By Countries

• Saudi Arabia
• UAE
• Qatar
• Kuwait
• Oman
• Bahrain
• Turkey