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Saudi Arabia Commercial Vehicle Market Is Forecast To Grow At A CAGR Of 8.5%, During 2017-2022

 

LONDON, Jan. 3, 2018 /PRNewswire/ -- Saudi Arabia Commercial Vehicles Market By Vehicle Type (LCV, MCV, HCV and Bus) Competition Forecast & Opportunities, 2012 - 2022

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According to "Saudi Arabia Commercial Vehicles Market By Vehicle Type, Competition Forecast & Opportunities, 2012 - 2022", Saudi Arabia commercial vehicle market is forecast to grow at a CAGR of 8.5%, during 2017–2022. Saudi Arabia is prominently an oil-based economy and figures among the countries with highest GDP per capita in the world. Demand for commercial vehicles in the country is majorly emanating from construction & infrastructure sectors and this is projected to grow further during the forecast period. Additionally, rising focus of the government to develop the country's construction and tourism sectors is further fuelling demand for commercial vehicles. These developments are anticipated to positively influence the Saudi Arabia commercial vehicles market in the coming years. Some of the major players operating in Saudi Arabia commercial vehicles market are Toyota Motors Corporation, Mitsubishi Fuso Truck and Bus Corporation, Isuzu Motors Saudi Arabia Co, Hyundai Motor Company, etc.

"Saudi Arabia Commercial Vehicles Market By Vehicle Type, Competition Forecast & Opportunities, 2012 - 2022" discusses the following aspects of commercial vehicles market in Saudi Arabia:

  • Commercial Vehicles Market Size, Share & Forecast
  • Segmental Analysis – By Vehicle Type (LCV, MCV, HCV and Bus)
  • Competitive Analysis
  • Changing Market Trends & Emerging Opportunities

Why You Should Buy This Report?

  • To gain an in-depth understanding of commercial vehicles market in Saudi Arabia
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, commercial vehicles manufacturers, distributors and other stakeholders align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with commercial vehicles manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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