Reportlinker Adds Opportunities in Saudi Arabia Automobile Market

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Jan 04, 2011, 07:50 ET

NEW YORK, Jan. 4, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Opportunities in Saudi Arabia Automobile Market

http://www.reportlinker.com/p0357284/Opportunities-in-Saudi-Arabia-Automobile-Market.html

Executive Summary

Saudi Arabia is the largest automobile market in Gulf Co-operation Council States. The country has experienced a strong revival in automobile demand over the past few months after recession. The factors that have contributed significantly to the revival include large fuel subsidies, increasing per capita income and limited public transport facilities. Supported by these factors the Automobile sale in the country was anticipated to reach around SR 34 billion in 2009. Most of the demand in the country is met through import as the domestic manufacturing capabilities are not very developed. There is a large demand of second hand luxury cars which are largely imported from European countries. The report provides comprehensive information on the imported cars market in Saudi Arabia. The report also discusses various distinctive features of the market such as easy credit financing and tariffs, and tries to ascertain their impact on the growth of Saudi Arabia automobile markets. Moreover, other driving factors and industry trends have also been highlighted in the report. The report also shares highlights on the pricing trends in the Saudi Arabian Car market which will enable the target audience of the report to understand the industry in a more in-depth manner. Opportunities in Saudi Arabia Automobile Market' is an outcome of comprehensive research and analysis of the Saudi Arabian Automobile sector. The report examines the existing demand and supply scenario which is affecting the overall industry growth. Moreover, the report provides a competitive landscape of the sector and sheds light on the operations of major players. This is expected help the audience in taking informed business decisions. Key findings in the report include: • There exists a large secondhand cars market in the country. 46 per cent of vehicles owned in Saudi Arabia were bought secondhand in 2008; however, the market has been shrinking at an average rate of 4 per cent for the last 3-4 years. • Japan is the leading exporter of Cars to Saudi Arabia followed by US and South Korea. However, in future, the scenario is likely to change with g demand for luxury European cars increasing.

Delivery Time

Three Business days

To order this report:

: Opportunities in Saudi Arabia Automobile Market

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