Automobile

Preference for cars and rising commercial vehicle demand amid infrastructure and logistics growth is set to power GCC's automobile industry. Given the high per capita income and favourable demographic dividend in the region, demand for cars is likely to remain strong. Investments in infrastructure development in the region might support demand for commercial vehicles.

Talk to us

Overview

The GCC region has a vibrant automobile market. The region is known for its preference for luxury sedans and sports utility vehicles (SUVs). Inherent growth drivers are an expanding consumer base, significant infrastructure developments, and expanding tourism industry. The emergence of electric vehicles (EVs), and fuel cell powered vehicles is grabbing consumer attention in recent times, especially in Dubai. The introduction of EVs throws up high growth opportunities for industry participants connected with hybrid electric vehicles and battery electric vehicles. There is also increase in use of online platforms for vehicle research, financing, and  direct purchase. While the countries host many international brands and are import reliant, domestic manufacturing is gaining focus.
 
As the industry goes through these significant shifts, we help players and investors decipher market developments through our comprehensive industry insights. We support businesses planning to invest in the region by identifying market trends, competition landscape, regulations, and assist them in preparing feasibility studies and market entry strategies. 

Our Insights

Related Blogs

View More Blogs

How do we help Automobile Sector?

alt-img

client stories

Download our client stories document to learn how Marmore has had an impact on their businesses!

Download our Client Story

Testimonials

Ready to Get Started?

How can we help your business? Let's get connected