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Automotive Market in GCC -- growth accelerating at 6.74% CAGR

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- The "Automotive Market in GCC Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026" report has been added to Techanvio's offering. According to the report, the market will observe an incremental growth of 346.37 thousand units between 2021 and 2026, accelerating at a CAGR of 6.74% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download Sample PDF Report Here

The automotive market in GCC is fragmented due to the presence of many established vendors offering innovative products. Some of the vendors are involved in M&As to gain access to new technologies and remain competitive in the market. For instance, in December 2021, Stellantis NV partnered with Foxconn to design and sell new flexible semiconductors for the automotive industry. Similarly, in December 2021, Volkswagen AG partnered with Umicore for the industrialization of battery technology.

BMW AG, Daimler AG, General Motors Co., Hyundai Motor Co., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Stellantis NV, Toyota Motor Corp., and Volkswagen AG are identified as major market participants. Although the growing investment in smart cities, rising investment in automotive manufacturing by member countries, and the commencement of global events such as the Dubai Expo and Fifa World Cup will offer immense growth opportunities, the shutdown of manufacturing and production units, stringent Government regulations, and the high dependency on imported vehicle parts will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive market in GCC is segmented as below:

  • Type
    • Passenger Cars
    • Commercial Vehicles

The demand for passenger cars in the market is growing at a faster pace. The growth can be attributed to the rising per capita income of consumers. Besides, low fuel prices and high investments in the development of road infrastructure in GCC countries have boosted the demand for comfortable passenger cars.

  • Geography
    • Saudi Arabia
    • UAE
    • Kuwait
    • Others

Saudi Arabia holds the largest share of the automotive market in GCC. The high adoption of passenger cars and changing social dynamics are driving the growth of the regional market. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our automotive market in GCC report covers the following areas:

Automotive Market in GCC 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automotive market in GCC. Backed with competitive intelligence and benchmarking, our research report on the automotive market in GCC is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Automotive Market in GCC 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist automotive market growth in GCC during the next five years
  • Estimation of the automotive market size in GCC and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive market in the GCC
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive market vendors in the GCC

Related Reports:

Automotive Market in GCC: Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.74%

Market growth 2022-2026

346.37 thousand units

Market structure

Fragmented

YoY growth (%)

5.91

Regional analysis

Saudi Arabia

Performing market contribution

Saudi Arabia at 100%

Key consumer countries

Saudi Arabia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BMW AG, Daimler AG, General Motors Co., Hyundai Motor Co., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Stellantis NV, Toyota Motor Corp., and Volkswagen AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents:

1. Executive Summary                         

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01:  Parent market

                              Exhibit 02:  Market Characteristics

               2.2 Value Chain Analysis          

                              Exhibit 03:  Value chain analysis: Application software

                              2.3.1 Input

                              2.3.2 Software development process

                              2.3.3 Marketing and distribution

                              2.3.4 Post-selling services

                              Innovation

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 04:  Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 05:  Market segments

               3.3 Market size 2019 

               3.4 Market outlook: Forecast for 2019 - 2024 

                              Exhibit 06:  Global - Market size and forecast 2019 - 2024 ($ million)

                              Exhibit 07:  Global market: Year-over-year growth 2019 - 2024 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 08:  Five forces analysis 2019 & 2024

               4.2 Bargaining power of buyers            

                              Exhibit 09: Bargaining power of the buyer

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of the supplier

               4.4 Threat of new entrants     

                              Exhibit 11: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14: Market condition - Five forces 2019

5. Market Segmentation by Product

               5.1 Market segments

                              Exhibit 15: Product - Market share 2019-2024 (%)

               5.2 Comparison by Product    

                              Exhibit 16:  Comparison by Product

               5.3 Application testing - Market size and forecast 2020-2025   

                              Exhibit 17:  Application testing - Market size and forecast 2020-2025 ($ million)

                              Exhibit 18:  Application testing - Year-over-year growth 2020-2025 (%)

               5.4 Product testing - Market size and forecast 2020-2025         

                              Exhibit 19:  Product testing - Market size and forecast 2020-2025 ($ million)

                              Exhibit 20:  Product testing - Year-over-year growth 2020-2025 (%)

               5.5 Market opportunity by Product     

                              Exhibit 21:   Market opportunity by Product

6. Customer landscape                        

                              Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              Exhibit 22:  Customer landscape

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              Exhibit 23:  Market share by geography 2020-2025 (%)

               7.2 Geographic comparison    

                              Exhibit 24:  Geographic comparison

               7.3 North America - Market size and forecast 2020-2025          

                              Exhibit 25:  North America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 26:  North America - Year-over-year growth 2020-2025 (%)

               7.4 Europe - Market size and forecast 2020-2025         

                              Exhibit 27:  Europe - Market size and forecast 2020-2025 ($ million)

                              Exhibit 28:  Europe - Year-over-year growth 2020-2025 (%)

               7.5 APAC - Market size and forecast 2020-2025             

                              Exhibit 29:  APAC - Market size and forecast 2020-2025 ($ million)

                              Exhibit 30:  APAC - Year-over-year growth 2020-2025 (%)

               7.6 South America - Market size and forecast 2020-2025          

                              Exhibit 31:  South America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 32:  South America - Year-over-year growth 2020-202 (%)

               7.7 MEA - Market size and forecast 2020-2025              

                              Exhibit 33:  MEA - Market size and forecast 2020-2025 ($ million)

                              Exhibit 34:  MEA - Year-over-year growth 2020-2025 (%)

               7.8 Key leading countries        

                              Exhibit 35:  Key leading countries

               7.9 Market opportunity by geography

                              Exhibit 36:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                  

               8.1 Market Driver       

                              8.1.1    Increasing adoption of mobile devices and applications

                              8.1.2    Adoption of test automation services

                              8.1.3    Need to ensure systems can handle extreme workloads

               8.2 Market challenges              

                              8.2.1    Easy availability of open-source stress testing tools

                              8.2.2    Heterogeneous test environments

                              8.2.3    Data quality and data management issues

                              Exhibit 37:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1    AI-based stress testing

                              8.3.2    Stress testing for CI and CD in software development processes

                              8.3.3    Increasing demand for outsourced testing services

9. Vendor Landscape                            

               9.1 Vendor Overview 

                              Exhibit 38:  Vendor landscape

               9.2 Landscape disruption         

                              Exhibit 39: Landscape disruption

                              Exhibit 40: Industry Risk

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 41: Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 42: Market positioning of vendors

               10.3 Accenture Plc     

                              Exhibit 43:  Accenture Plc - Overview

                              Exhibit 44:  Accenture Plc - Business segments

                              Exhibit 45:  Accenture Plc - Key offerings

                              Exhibit 46:  Accenture Plc - Segment focus

               10.4 Akamai Technologies Inc.             

                              Exhibit 47:  Akamai Technologies Inc. - Overview

                              Exhibit 48:  Akamai Technologies Inc. - Business segments

                              Exhibit 49:  Akamai Technologies Inc. - Key News

                              Exhibit 50:  Akamai Technologies Inc. - Key offerings

                              Exhibit 51:  Akamai Technologies Inc. - Segment focus

               10.5 Capgemini SE     

                              Exhibit 52:  Capgemini SE - Overview

                              Exhibit 53:  Capgemini SE - Business segments

                              Exhibit 54:  Capgemini SE - Key News

                              Exhibit 55:  Capgemini SE - Key offerings

                              Exhibit 56:  Capgemini SE - Segment focus

               10.6 Cigniti Technologies Ltd.

                              Exhibit 57:  Cigniti Technologies Ltd. - Overview

                              Exhibit 58:  Cigniti Technologies Ltd. - Business segments

                              Exhibit 59:  Cigniti Technologies Ltd. - Key News

                              Exhibit 60:  Cigniti Technologies Ltd. - Key offerings

               10.7 Infosys Ltd.         

                              Exhibit 61:  Infosys Ltd. - Overview

                              Exhibit 62:  Infosys Ltd. - Business segments

                              Exhibit 63:  Infosys Ltd. - Key News

                              Exhibit 64:  Infosys Ltd. - Key offerings

                              Exhibit 65:  Infosys Ltd. - Segment focus

               10.8 International Business Machines Corp.    

                              Exhibit 66:  International Business Machines Corp. - Overview

                              Exhibit 67:  International Business Machines Corp. - Business segments

                              Exhibit 68:  International Business Machines Corp. - Key News

                              Exhibit 69:  International Business Machines Corp. - Key offerings

                              Exhibit 70:  International Business Machines Corp. - Segment focus

               10.9 Microsoft Corp. 

                              Exhibit 71:  Microsoft Corp. - Overview

                              Exhibit 72:  Microsoft Corp. - Business segments

                              Exhibit 73:  Microsoft Corp. - Key offerings

                              Exhibit 74:  Microsoft Corp. - Segment focus

               10.10 Oracle Corp.     

                              Exhibit 75:  Oracle Corp. - Overview

                              Exhibit 76:  Oracle Corp. - Business segments

                              Exhibit 77:  Oracle Corp. - Key offerings

                              Exhibit 78:  Oracle Corp. - Segment focus

               10.11Performance Lab US LLC              

                              Exhibit 79:  Performance Lab US LLC - Overview

                              Exhibit 80:  Performance Lab US LLC - Product and service

                              Exhibit 81:  Performance Lab US LLC - Key offerings

               10.12 Tricentis GmbH

                              Exhibit 82:  Tricentis GmbH - Overview

                              Exhibit 83:  Tricentis GmbH - Product and service

                              Exhibit 84:  Tricentis GmbH - Key News

                              Exhibit 85:  Tricentis GmbH - Key offerings

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 Market definition

                              11.1.2 Objectives

                              11.1.3 Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 86: Currency conversion rates for US$

               11.3 Research Methodology   

                              Exhibit 87: Research Methodology

                              Exhibit 88: Validation techniques employed for market sizing

                              Exhibit 89: Information sources

               11.4 List of abbreviations        

                              Exhibit 90: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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