China and Saudi Arabia automotive market, By Type (Passenger Vehicle and Commercial Vehicle), fuel type (Petrol, Diesel, Electric and Others), Drivetrain (Rear Wheel Drive, Front Wheel Drive and All Wheel Drive), Pricing (Medium, High and Premium), Engine Capacity (1000-3000 CC, Less than 1000 CC, 3000-5000 CC and More than 5000 CC), Sales Channel (Company Showroom, Dealer and Online), Industry Trends and Forecast to 2030.
China and Saudi Arabia Automotive Market Analysis and Size
China and Saudi Arabia automotive market is fragmented in nature, as it consists of many global players. These companies' presence produces competitive prices for vehicles products across the country. Due to the presence of these players at regional and international levels, suppliers and manufacturers offer products with different specifications and characteristics for all budgets. Rapid urbanization and an increase in population across the country are driving the market growth. . Moreover, growing government initiatives for public transport infrastructure, low fuel costs in the region, and rapid product development and launch by the market players are estimated to drive market growth.
Data Bridge Market Research analyzes that the China automotive market is expected to reach the value of USD 745,994.51 million by 2030, at a CAGR of 6.8% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Data Bridge Market Research analyzes that the Saudi Arabia automotive market is expected to reach the value of USD 15,821.32 million by 2030, at a CAGR of 3.8% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Year |
2021 (Customizable to 2020-2016) |
|
Quantitative Units |
Revenue in Million, Volumes in Units, and Pricing in USD |
|
Segments Covered |
By Type (Passenger Vehicle and Commercial Vehicle), fuel type (Petrol, Diesel, Electric and Others), Drivetrain (Rear Wheel Drive, Front Wheel Drive and All Wheel Drive), Pricing (Medium, High and Premium), Engine Capacity (1000-3000 CC, Less than 1000 CC, 3000-5000 CC and More than 5000 CC), Sales Channel (Company Showroom, Dealer and Online). |
|
Countries Covered |
China and Saudi Arabia |
|
Market Players Covered |
BMW AG, Ford Motor Company, MITSUBISHI MOTORS CORPORATION, ISUZU MOTORS LIMITED, Volkswagen AG, Mercedes-Benz Group AG, AB Volvo, Stellantis NV, BAIC, TOYOTA MOTOR CORPORATION, Hyundai Motor Company, General Motors, SAIC Motor Corporation Limited, Renault Group, ASHOK LEYLAND, Snam.com.sa, Eicher Motors Limited, Chery, JAC Motors, Tesla, Honda Motor Co., Ltd., Changan Automobile Company Limited, Tata Motors, Mahindra & Mahindra Ltd., BYD, Great Wall Motor, Suzuki Motor Corporation and Geely Auto among others. |
Market Definition
The automotive market includes the manufacturing of various types of vehicles. The vehicles are been classified based on fuel type, engine capacity, sales channel, and passenger and commercial type. Moreover, these automotive has been selling through various type of channels and classified with different pricing techniques, which offers different features and various level of comfort.
China and Saudi Arabia Automotive Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
DRIVERS
- Rise in the average income of the population
The automotive industry plays an important role in a country’s socio-economic development. The development of any country is usually measured on the basis of the growth of the automotive industry. As the country’s growth forces, the development of the modern economy and the prospects for its development is determined by the place of motor transport in the infrastructure of the national economy.
Moreover, the growth in the manufacturing industries and communication systems is supporting capital accumulation across the region. In addition, Saudi Arabia is the region with oil fields, and this has helped the country to boost its GDP value at a greater pace. Moreover, the Chinese market is rich in capital investment and provides higher productivity which will support the growth of economic conditions for the country.
- Increase in the number of small and medium enterprises (SME) across the region
Small and medium sized enterprises (SMEs) are independent firms with fewer employees and play a major role in economic growth. Moreover, SMEs contribute 60% to 70% of employment in most of countries. As larger firms are downsizing and outsourcing, the function has increased revenue growth for SMEs.
Furthermore, these firms have traditionally focused on domestic markets. Moreover, most of the governments understand the contribution of SMEs to economic development and are promoting entrepreneurship. The governments of China and Saudi Arabia are fostering the development of venture investors by easing taxes on capital gains and other dividends along with the reduction of complicated paperwork and regulations. This has enhanced the performance of SMEs and competitiveness.
OPPORTUNITY
- Increase in government policy incentives and capital support
The government is playing a major role in the development of the nation’s industries. The government of many countries is formulating stringent rules and regulations which are to be followed by automotive manufacturers. Thus, following the rules and regulations will support the market through capital investments, policies and incentives, which boost sales.
RESTRAINT/CHALLENGE
- Increased risk of new disruptive business models, falling margins and rising investment
The ongoing digitalization and urbanization of the economy is the major restraining factor for creating value in the traditional business process. The technological evolution and social trends will condition businesses in the near future. These evolutions and trends will figure out new business models based on the requirement. But, each model is restricted to different levels to ensure that the development process can be completed separately. This offers a competitive advantage because an organization will be able to complete the development and implementation of a single model section, and once it is successful, it can move on to the other.
Post-COVID-19 Impact on China and Saudi Arabia Automotive Market
COVID-19 created a negative impact on the China and Saudi Arabia automotive market due to the shutdown of the global manufacturing sector, logistics and transportation, and lack of testing for the product.
The COVID-19 pandemic has negatively impacted the market upto an extent. However, rapid product launch and product expansion by market players and the advantages of diesel buses over other types of buses is expected to act as a driving factor for market growth and also help the market to grow during and after the pandemic. Also, the growth has been high since the market opened after COVID-19, and it is expected that there will be considerable growth in the sector. The market players are conducting multiple R&D activities to improve the technology involved in the product. With this, the companies will bring advancement and innovation to the market. In addition, government funding for AGM batteries has led to market growth.
Recent Developments
- In January 2023, TOYOTA MOTOR CORPORATION announced that the company had participated in the World Future Energy Summit 2023 in Abu Dhabi. In this event, the company showcased a hydrogen-powered Toyota Mirai Fuel Cell Electric Vehicle (FCEV) and a Fuel Cell Forklift throughout the three-day event. Through this, the company has showcased its technological capabilities and has promoted its product portfolio under the China and Saudi Arabia automotive market.
- In December 2022, Tata Motors announced that the company has decided to increase the price of its commercial vehicles up to 2% from January 2023. This step is expected to allow the company to coup up with inflation in the price of raw materials and to continue providing services under the China and Saudi Arabia automotive market.
China and Saudi Arabia Automotive Market Scope
China and Saudi Arabia automotive market is segmented into six notable segments, which are based on type, fuel type, drivetrain, pricing, engine capacity and sales channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- passenger vehicle
- commercial vehicle
Based on type, the market is segmented into passenger vehicle and commercial vehicle.
Fuel Type
- petrol
- diesel
- electric
- others
Based on fuel type, the market is segmented into petrol, diesel, electric and others.
Drivetrain
- FRONT WHEEL DRIVE
- REAR WHEEL DRIVE
- ALL WHEEL DRIVE
Based on drivetrain, the market is segmented into front wheel drive, rear wheel drive, and all wheel drive.
Pricing
- MEDIUM
- HIGH
- PREMIUM
Based on pricing, the market is segmented into medium, high, and premium.
Engine Capacity
- 1000-3000 CC
- Less Than 1000 CC
- 3000-5000 CC
- MORE THAN 5000 CC
Based on engine capacity, the market is segmented into 1000-3000 CC, Less than 1000 CC 3000-5000 CC, and more than 5000 CC.
Sales Channel
- DEALER
- COMPANY SHOWROOM
- ONLINE
Based on sales channel, the market is segmented into the dealer, company showroom, and online.
Competitive Landscape and China and Saudi Arabia Automotive Market Share Analysis
China and Saudi Arabia automotive market competitive landscape provide details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, Saudi Arabia presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in China and Saudi Arabia automotive market are BMW AG, Ford Motor Company, MITSUBISHI MOTORS CORPORATION, ISUZU MOTORS LIMITED, Volkswagen AG, Mercedes-Benz Group AG, AB Volvo, Stellantis NV, BAIC, TOYOTA MOTOR CORPORATION, Hyundai Motor Company, General Motors, SAIC Motor Corporation Limited, Renault Group, ASHOK LEYLAND, Snam.com.sa, Eicher Motors Limited, Chery, JAC Motors, Tesla, Honda Motor Co., Ltd., Changan Automobile Company Limited, Tata Motors, Mahindra & Mahindra Ltd., BYD, Great Wall Motor, Suzuki Motor Corporation, and Geely Auto, among others.
SKU-
