Middle East and Africa Used Car Market – Industry Trends and Forecast to 2028

请求目录 请求目录 与分析师交谈 与分析师交谈 立即购买 立即购买 购买前请咨询 提前咨询 免费样本报告 免费样本报告

Middle East and Africa Used Car Market – Industry Trends and Forecast to 2028

  • Automotive
  • Published Report
  • Sep 2021
  • MEA
  • 350 页面
  • 桌子數: 220
  • 图号: 60

>Middle East & Africa Used Car Market By Vendor Type (Organized, Unorganized), Propulsion (Petrol, Diesel, CNG, LPG, Electric and Others),  Engine Capacity (Full Size (Above 2500 CC), Mid-size (Between 1500-2499 CC), Small (Below 1499 CC)) Dealership (Franchised, Independent), Sales Channel (Online, Offline), Vehicle Type (Passenger Car, LCV, HCV & Electric Vehicle), Country (Saudi Arabia, South Africa, Israel, UAE, Egypt, and Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

Middle East and Africa Used Car Market Market Analysis and Insights :  Middle East and Africa Used Car Market

Middle East & Africa used car market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 4.9% in the forecast period of 2021 to 2028 and is expected to reach USD 127,672.10 million by 2028. Growing emergence of various e-commerce platforms is boosting the market growth. However, increasing cost of ownership is expected to be a restraint for the market growth. On the other hand, rise in strategic partnerships and agreements between key players are creating new opportunities for the market. Furthermore, lack of post-sell services of used cars is acting as a major challenge.

The emergence of hybrid and electric vehicles, as well as technological advancements, such as the internet, have shifted the buyer's position in the market. Furthermore, consumers are now aware of the vehicle's residual worth, quality finance charges, availability, the price paid, and, in some cases, the profit margin earned by the seller in a closing transaction. This awareness has altered the dynamics and allowed them to use customer insight to their advantage. As a result, today's buyers are more likely to purchase old cars.

Factors, such as high cost of new vehicles, concerns about affordability, and an increase in demand for off-lease automobiles and subscription services by the franchise, leasing offices, and car dealers, are expected to boost the growth of the Middle East & Africa used car market. The used-to-new vehicle ratio has risen dramatically in the recent years in both developed as well as emerging countries. Furthermore, franchised dealers with OEM engagement in certification and marketing programs, online inventory pooling, and access to high-quality contracts are helping the used car market to expand significantly.

Middle East & Africa used car market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and global used car market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Middle East and Africa Used Car Market Middle East & Africa Used Car Market Scope and Market Size

Middle East & Africa used car market is segmented on the basis of vendor type, propulsion type, engine capacity, dealership, sales channel, and vehicle type.

The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of vendor type, the Middle East & Africa used car market is segmented into organized and unorganized. In 2021, organized segment is expected to dominate the market owing to the low cost of the structure as it is operated by the owner.
  • On the basis of propulsion type, the Middle East & Africa used car market is segmented into petrol, diesel, CNG, LPG, electric, and others.
  • In 2021, petrol segment is expected to dominate the market as it enables quick ignition, faster acceleration, and easy combustion of the fuel.
  • On the basis of engine capacity, the Middle East & Africa used car market is segmented into full size (above 2500 CC), mid-size (between 1500-2499 CC), small (below 1499 CC).
  • In 2021, small (below 1499 CC) segment is expected to dominate the market as it is considered most efficient and generates sufficient power.
  • On the basis of dealership, the Middle East & Africa used car market has been segmented into franchised & independent. In 2021, franchised dealership segment is expected to dominate the market as they provide better warranties than new car dealers for used cars.
  • On the basis of sales channel, the Middle East & Africa used car market is categorized into online & offline. In 2021, offline segment is expected to dominate the market as there is more transparency of car dealerships and better lucrative deals in this channel.
  • On the basis of vehicle type, the Middle East & Africa used car market is segmented into passenger car, LCV, HCV, and electric vehicle. In 2021, passenger cars segment is expected to dominate the market owing to increased preference of personal mobility.

Middle East & Africa Used Car Market Country Level Analysis

Middle East & Africa used car market is analyzed and market size information is provided based on country, vendor type, propulsion type, engine capacity, dealership, sales channel, and vehicle type as referenced above.

The countries covered in the market report are the Saudi Arabia, South Africa, Israel, UAE, Egypt, and Rest of Middle East and Africa. South Africa dominates the market due to the higher demand for used cars in the country.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Increasing Demand for Personal Transport Mobility is Boosting the Growth of Middle East & Africa Used Car Market

Middle East & Africa used car market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2011 to 2019.

Competitive Landscape of Europe Used Car Market Share Analysis

Middle East & Africa used car market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East & Africa used car market.


SKU-

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

研究方法

数据收集和基准年分析是使用具有大样本量的数据收集模块完成的。该阶段包括通过各种来源和策略获取市场信息或相关数据。它包括提前检查和规划从过去获得的所有数据。它同样包括检查不同信息源中出现的信息不一致。使用市场统计和连贯模型分析和估计市场数据。此外,市场份额分析和关键趋势分析是市场报告中的主要成功因素。要了解更多信息,请请求分析师致电或下拉您的询问。

DBMR 研究团队使用的关键研究方法是数据三角测量,其中包括数据挖掘、数据变量对市场影响的分析和主要(行业专家)验证。数据模型包括供应商定位网格、市场时间线分析、市场概览和指南、公司定位网格、专利分析、定价分析、公司市场份额分析、测量标准、全球与区域和供应商份额分析。要了解有关研究方法的更多信息,请向我们的行业专家咨询。

可定制

Data Bridge Market Research 是高级形成性研究领域的领导者。我们为向现有和新客户提供符合其目标的数据和分析而感到自豪。报告可定制,包括目标品牌的价格趋势分析、了解其他国家的市场(索取国家列表)、临床试验结果数据、文献综述、翻新市场和产品基础分析。目标竞争对手的市场分析可以从基于技术的分析到市场组合策略进行分析。我们可以按照您所需的格式和数据样式添加您需要的任意数量的竞争对手数据。我们的分析师团队还可以为您提供原始 Excel 文件数据透视表(事实手册)中的数据,或者可以帮助您根据报告中的数据集创建演示文稿。

Testimonial