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.
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