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Saudi Arabia Commercial Vehicles Market Forecast and Opportunities, 2020

  • Date Submitted: 03/13/2016 11:42 PM
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14 Mar, 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Commercial Vehicles Market Forecast and Opportunities, 2020” Demand for commercial vehicles in Saudi Arabia is predominantly concentrated in Western region and Northern & Central region of the Kingdom.

http://www.marketreportsonsaudiarabia.com/industry-mfg-market-research-reports-2695/saudi-arabia-commercial-vehicles-forecast-opportunities.html

Saudi Arabia is one of the largest construction and infrastructure markets in the Middle East. The Saudi Arabian government under its Ninth Development Plan (2010-2014) rigorously focused on infrastructure developments in the Kingdom. Presence of major pilgrimage destinations such as Mecca and Medina, coupled with huge government spending in construction sector is boosting volume sales of commercial vehicles in the country, including buses, light commercial vehicles as well as medium & heavy commercial vehicles. Moreover, on-going and planned megaprojects such as Riyadh Metro, Dammam Rail, Haramain Rail, Mecca Railway, Brownfield expansion of airports in Riyadh and Jeddah, etc., are anticipated to pump growth in Saudi Arabia commercial vehicles market during 2015 - 2020.

According to report, “Saudi Arabia Commercial Vehicles Market Forecast & Opportunities, 2020", Saudi Arabia commercial vehicles market grew at a CAGR of over 11% during 2010-2014. Demand for commercial vehicles in Saudi Arabia is predominantly concentrated in Western region and Northern & Central region of the Kingdom. Moreover, the government is planning to expand its BRT systems as well as launch other infrastructure projects, which is projected to significantly support demand for commercial vehicles in these regions over the next five years. In 2014, Toyota was the market leader in country’s commercial vehicle market, followed by Isuzu, Hyundai, Mercedes and Volvo. “Saudi Arabia Commercial Vehicles Market Forecast & Opportunities, 2020” report...

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