GCC Passenger Car Market Report 2021-2026: Focus on Hatchback, Sedan, MPV, and SUVs - ResearchAndMarkets.com
The GCC Passenger Car Market is projected to grow at a CAGR of 8.73%, in value terms, during the forecast period and is anticipated to reach USD46.13 billion by 2026.
- The GCC Passenger Car Market is projected to grow at a CAGR of 8.73%, in value terms, during the forecast period and is anticipated to reach USD46.13 billion by 2026.
- The GCC Passenger Car Market is driven by the increasing service sector, growing non-oil economy and rising disposable income of the people in the region, especially, in the United Arab Emirates and Kingdom of Saudi Arabia.
- The GCC Passenger Car Market is divided based on vehicle type, fuel type, transmission type, end-user and country.
- Major companies in the GCC Passenger Car Market are also focusing on increasing their dealer and distributor network to grab a larger share in the region's passenger car market.