{"product_id":"ksa-car-finance-market-outlook-to-2026f-driven-by-women-entering-the-market-increasing-employment-opportunities-in-the-kingdom","title":"KSA Car Finance Market Outlook to 2026F Driven by Women Entering the Market, Increasing Employment Opportunities in the Kingdom","description":"\u003cp\u003eKSA Car Finance Market Outlook to 2026F Driven by Women Entering the Market, Increasing Employment Opportunities in the Kingdom\u003c\/p\u003e\n\n\u003cp\u003eThe report provides a comprehensive analysis of the potential of Car Finance industry in KSA. The report covers an overview and genesis of the industry, market size in terms of credit disbursed.\u003c\/p\u003e\n\n\u003cp\u003eIts market segmentations include by types vehicle financed, by tenure for new and used vehicles, types of lenders, by types of commercial and passenger vehicles; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eAccording to Ken Research estimates, the KSA Car Finance Market grew from ~SAR 20 Bn in 2017 to approximately SAR 40 Bn in 2021 – is forecasted to grow further into SAR ~70 Bn opportunity by 2026F, owing to the new government policies under Vision 2030, new players in the market and partnership with finance companies.\u003c\/p\u003e\n\n\u003cp\u003eKSA is already the largest market for new and used cars as well as car parts in the Gulf region and the Middle East. KSA imports vehicles and parts worth $21 Mn every year.\u003c\/p\u003e\n\n\u003cp\u003eJeddah and Dammam are the automotive manufacturing hubs in the Saudi Arabia. Three major global OEMs (Mercedes, Volvo and MAN) producing Heavy Duty Commercial Vehicles are operating in the Western Region.\u003c\/p\u003e\n\n\u003cp\u003eKey Trends by Market Segment:\u003c\/p\u003e\n\n\u003cp\u003eBy Type of Vehicle Financing: It’s a trend in KSA to mostly buy new cars and change a car every 5 years. Also, the new cars are majorly financed via loans whereas cash component is used to buy used cars.\u003c\/p\u003e\n\n\u003cp\u003eBy Major Cities: No banks or finance companies have built a user interface for booking car financing through online mode yet. Riyadh is the largest metropolitan city with the largest population in KSA, with the highest incomes and good infrastructure due to which demand for cars and car financing is the highest.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape\u003c\/p\u003e\n\n\u003cp\u003eFuture Outlook\u003c\/p\u003e\n\n\u003cp\u003eThe KSA Car Finance Market witnessed significant growth during the period 2017-2021, owing to Collaborations with Partners, Enhancing Service Offerings and Expand Pipeline with Predictive Analysis.\u003c\/p\u003e\n\n\u003cp\u003eGrowth rate of total cars financed is going to increase over the period as financing becomes easier, market penetration rates increase.\u003c\/p\u003e\n\n\u003cp\u003ePlease Note:It will take 5-7 business days to complete the report upon order confirmation.\u003c\/p\u003e","brand":"Marketing \u0026 Market Research","offers":[{"title":"November, 2022 \/ 82 Pages \/ MCW16259725","offer_id":47696749592882,"sku":null,"price":5700.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/ksa-car-finance-market-outlook-to-2026f-driven-by-women-entering-the-market-increasing-employment-opportunities-in-the-kingdom","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}