According to a report by TechSci Research, titled “Saudi Arabia Domestic Automotive Market by Region, Competition Forecast and Opportunities, 2027”, the Saudi Arabian domestic automotive market is expected to witness robust growth at a CAGR during the forecast period of 2023 to 2027. This growth can be attributed to the focus on fuel growth and production security. y. Automotive interior components such as seats, infotainment systems, interior lighting and door panels are installed to provide comfort, soundproofing and grip while driving. Adoption of advanced seating systems and intelligent lighting systems in automobiles, as well as high-level investments in the development of comfortable and convenient interiors, are expected to drive the market growth.
However, fluctuations in raw material prices and high production costs may restrain market growth during the forecast period.
The domestic automotive market in Saudi Arabia can be segmented based on vehicle type, component, material, regional distribution and competitive landscape. In terms of vehicle type, the market can be segmented into passenger cars, light commercial vehicles (LCVs) and medium and heavy commercial vehicles (M&HCVs). The passenger car segment is expected to account for the highest market share due to increasing preference for private vehicle ownership and high disposable income among consumers. Automakers use advanced techniques and technologies to manufacture automotive interior components and integrate them into passenger cars to improve their functionality.
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The commercial vehicle segment is expected to experience the fastest growing growth during the forecast period due to increased investment by major authorities in industrial development and increased economic activity in the country. The growing popularity of e-commerce channels due to high internet penetration and proliferation of smart devices is also increasing the demand for light and heavy commercial vehicles. This growing demand is expected to drive the demand for automotive interior components over the next five years.
In terms of components, the market can be segmented into center stacks, screens, seats, door panels, headliners, interior lighting, dome modules, infotainment systems, and others. The seating segment is expected to hold the highest market share due to the increasing demand for higher comfort and luxury in automobiles. Market players are constantly investing in technological evolution and developing advanced seats that support smart technology and can be customized according to customer needs.
In terms of material, the market can be divided into leather, fabric, plastic, glass, wood and fiber. The fiber segment is projected to hold a significant share of the market because many automotive interior components such as doors, dashboards, and dashboards are made of fiber. Fiber is light, has low impact resistance and cost, is less brittle than other materials and can be formed into various shapes. These properties make it a preferred material for the manufacture of automotive interior components.
The main market players operating in the domestic automotive market in Saudi Arabia are:
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Panasonic Corporation
- Magna International Inc.
- The Lear Corporation
- Faurecia SA
- Visteon Corporation
- Yanfeng Automotive Interior
- Faurecia SE
“With increasing environmental concerns and the need to develop sustainable development, the government is promoting the use of electric vehicles across the country. The government has said that at least 30% of cars should be electric by 2030 and aims to achieve net zero emissions by 2060. The government has also agreed to buy between 50,000 and 100,000 electric vehicles over ten years from Lucid Motors, which is part of the Kingdom’s Public Investment Fund (PIF) holding. High sales of electric vehicles are driving the demand for lightweight and plastic automotive interior components, which is expected to drive the growth of the Saudi Arabian automotive interior market by 2027,” said Mr. Karan Chechi, Director of Research with TechSci Research, a global research-based management consulting firm.
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“Saudi Arabia Domestic Automotive Market by Vehicle Type (Passenger Car, LCV, M&HCV), By Component (Center Stove, Screen, Seat, Door Panel, Clips, Interior Lights, Dome Module, Infotainment System Other), By Material (Leather, Fabric, Plastic, Glass, 20, etc.), 7”, has assessed the future growth potential of the domestic automotive market in Saudi Arabia and provides statistics and information on market size, structure and future market growth. The report aims to provide cutting-edge market intelligence and help decision makers make sound investment decisions. Furthermore, the report also identifies and analyzes the emerging trends along with the essential drivers, challenges and opportunities in the domestic automotive market in Saudi Arabia.
Table of Contents-
- Summary of the article
- Research methodology
- Executive Summary
- The impact of COVID-19 on the domestic automotive market in Saudi Arabia
- The voice of the customer
5.1. Factors influencing the purchase decision
5.2. Assisted mark return and unassisted mark withdrawal
5.3. Brand satisfaction level
- Domestic automotive market outlook in Saudi Arabia
6.1. Market size and forecast
6.1.1. By value
6.2. Market Share and Forecast
6.2.1. By vehicle type (passenger car, LCV, M&HCV)
6.2.2. By Component (Center Step, Display, Seat, Door Panel, Headrest, Interior Lighting, Dome Module, Infotainment System, Other)
6.2.3. According to the material (leather, fabric, plastic, glass, wood, fiber, etc.)
6.2.4. By region (North and Central, South, East, West)
6.2.5. By Company (2021)
6.3. Product market map (by vehicle type, by region)
- Saudi Arabia’s domestic passenger car market outlook
7.1. Market size and forecast
7.1.1. By value
7.2. Market Share and Forecast
7.2.1. By vehicle type (Hatchback, Sedan, SUV/MPV)
7.2.2. By component
7.2.3. According to the material
- Saudi Arabia Domestic LCV Market Outlook
8.1. Market size and forecast
8.1.1. By value
8.2. Market Share and Forecast
8.2.1. By type of vehicle (truck, van)
8.2.2. By component
8.2.3. According to the material
- Saudi Arabia Electric M&HCV Domestic Market Outlook
9.1. Market size and forecast
9.1.1. By value
9.2. Market Share and Forecast
9.2.1. By type of vehicle (truck, bus)
9.2.2. By component
9.2.3. According to the material
- Market Dynamics
10.1. leader
10.2. CHALLENGE
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About TechSci Research:
TechSci Research is a research-based management consulting firm that provides market research and advisory solutions to its clients worldwide, spanning a variety of industries. TechSci Research’s core values are value, integrity and insight. Led by a dynamic team of industry experts, TechSci Research provides its clients with high-value research and advisory services that help them identify new market opportunities, growth drivers and innovative ways to capture market share. As a result, TechSci’s client leads rather than follows market trends. Unbound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and growing use of technology as engines of innovation to deliver unique research value. Offered as an alternative to traditional market research, TechSci Research reports not only provide data and insights, but highlight insights in a more usable and interactive format for its clients.
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