Saudi Arabia Luxury Car Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Saudi Arabia Luxury 
Car Market Research 
and Forecast Report 
2024-2032
Format: PDF+EXCEL
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A cc o r d i ng  t o  t h e  l a t e s t  r e p o r t  b y  I MA R C  Gr o u p ,  t i t l e d  " S a u d i  A r a b i a  L u x u r y  C a r  
Ma r k e t :  I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  Gr o w th ,  O p p o r t u n i ty  a n d  F o r e ca s t  2 0 2 4 -
20 3 2 , "  t h e  S a u d i  A r a b i a  l u xu r y  c a r  m a r k e t  s i ze  i s  p r o j e c t ed  to  e x h i b i t  a  g ro w t h  r a te  
( C A G R )  o f  5 .3 0 %  d u r i n g  20 2 4 - 20 3 2 .
Report A  l u x u r y  c a r  o f f e r s  c om f o r t ,  p e r f o rm a nc e ,  q u a l i t y ,  t e c h no l o g y ,  a n d  p r e s t i g e  c o mp a r e d  to  s t a n d a rd  v eh i c l e s .  I t  o f t e n  h a s  h i g h -q u a l i t y  m a te r i a l s  i n  i t s  i n t e r i o r s ,  i n c l u d i ng  p re m i u m 
l e a th e r ,  w o o d ,  a n d  m e t a l  f i n i s h e s .  I t  c o mp r i s es  po w e r f u l  e n g i n es  an d  ad v a n c e d  
Highlight and d r i v e t r a i n  s y s te m s ,  r e s u l t i n g  i n  e xc e l l e n t  p e r fo r m a n ce  a n d  h a n d l i ng .  
I t  a l s o  co n s i s t s  o f  s p ac i o u s  a nd  w e l l - ap p o i n te d  i n t e r i o r s  w i t h  p l u s h  s e a t s ,  e x c e l l e n t  
no i se  i ns u l a t i on ,  a nd  c l i m a t e  c o n t ro l  s y s t e ms  f o r  a  p r e m i u m  r i de .  I t  i s  a s so c i a t e d  w i th  
Description w ea l t h ,  s uc c e s s ,  a n d  p r e s t i g e ,  w h i c h  c a n  e nh a n c e  th e  i m ag e  a nd  s o c i a l  s t a nd i n g .  I t  
ca n  b e  r en t e d  o r  h i r e d  f o r  s pe c i a l  o c c a s i o n s ,  s u ch  as  w e d d i n g s ,  a n n i v e r sa r i e s ,  a n d  
p r o m  e v e n ts .  I t  i s  a l s o  u t i l i z ed  b y  b u s i n es s  p r o f es s i o n a l s  a n d  e x ec u t i v e s  w ho  r e q u i r e  
co m f o r ta b l e  an d  s t y l i s h  t r an s p o r ta t i o n  f o r  me e t i n g s ,  c l i e n t  v i s i t s ,  a n d  co r p o ra t e  ev e n t s .
R eq u e s t  f o r  a  P D F  sa m p l e  o f  t h i s  re p o r t :  
h t t p s : / /w w w . i ma r c g r o u p . co m / sa u d i - a ra b i a - l u xu r y - c a r - m a r k e t / r eq u e s ts a m p l e
Report Description
S a u d i  A r a b i a  L u x u r y  C a r  M a r ke t  T r en d s :
A t  p r e s en t ,  t h e  g r o w i n g  p op u l a t i o n  o f  a f f l ue n t  i n d i v i d ua l s ,  i n c l ud i n g  h i g h -n e t - w o r t h  i n d i v i du a l s  ( H N W I s )  an d  u l t r a -h i g h - n e t -
w o r t h  i n d i v i d u a l s  ( U H N W I s )  i n  S a ud i  A r a b i a ,  i s  c a t a l y z i ng  t he  d e ma n d  f o r  l u x u r y  e x pe r i e n ce s  a n d  g o o d s .  T h i s  r e p re s e n t s  o n e  
o f  t h e  k e y  f a c to r s  o f f e r i n g  a  f av o r a b l e  ma r k e t  o u t l o ok .  I n  a d d i t i on ,  r ap i d  u rb a n i z a t i o n  i s  i n c r e as i n g  th e  a d o p t i on  o f  l u x u r y  
ve h i c l e s  t ha t  o f f e r  c o m fo r t ,  c o n ve n i e n c e ,  a n d  s t a t u s  i n  u r b an  e n v i r o n me n ts ,  w h i c h  i s  b o l s t e r i n g  th e  g ro w t h  o f  t h e  ma r k e t .  I n  
l i n e  w i t h  t h i s ,  t h e  r i s i n g  n u m be r  o f  t o u r i s t s ,  b us i n e s s  t r a ve l e r s ,  a n d  e xp a t r i a te s  i s  d r i v i n g  t h e  d e m a nd  f o r  l u x u r y  c a r  r e n ta l s ,  
ch a u f f eu r  se r v i c es ,  a nd  s a l e s ,  co u p l e d  w i t h  t h e  t h r i v i n g  to u r i s m  a n d  h o sp i t a l i t y  s e c t o r ,  i s  c o n t r i b u t i n g  t o  t h e  g r o w t h  o f  t h e  
ma r k e t  i n  t h e  c o u n t r y .  
Mo r e ov e r ,  t h e  i n c r ea s i n g  n u m b e r  o f  de a l e r s h i ps ,  s h o w ro o m s ,  an d  s e r v i ce  c e n t e r s  o f  l u x u r y  ca r s  a c r os s  S a u d i  A ra b i a  a r e  
s t i m u l a t i n g  t h e  ma r k e t  g r o w t h .  B e s i d es  t h i s ,  ke y  p l ay e r s  a r e  f o c us i n g  o n  m a r k e t i n g  s t r a te g i e s  a n d  p r o mo t i o n a l  a c t i v i t i e s ,  
i n c l u d i n g  ex c l u s i v e  e v e n t s ,  p a r tn e r s h i p s  w i t h  l u xu r y  l i f e s t y l e  b r an d s ,  a n d  d i g i t a l  ma r k e t i n g  c am p a i gn s  t o  a t t r a c t  p eo p l e ,  
t he r e by  f a c i l i t a t i n g  t h e  g r o w t h  o f  t h e  ma r k e t .  F u r t h e r m o re ,  on g o i n g  a dv a n c e me n t s  i n  c a r  d e s i g n ,  c o n s t r u c t i on  t ec h n i q u e s ,  a n d  
on b o a r d  t ec h n o l o gy  a r e  e n h a nc i n g  t h e  a p pe a l  a n d  f u n c t i o n a l i t y  o f  l u xu r y  c a r s ,  w h i c h  i s  s u p p o r t i n g  t h e  m a r k e t  g r ow t h  i n  t h e  
co u n t r y .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w ww . i m a r c g ro u p . co m / s a u d i - a r ab i a - l u x u r y - c a r - m a r k e t
Vehicle Type Insights:
• Hatchback
• Sedan
• Sports Ut i l i ty Vehicle
 
Fuel Type Insights:
Report • Gasol ine
Segmentation • Diesel
• Electr ic
Price Range Insights:
• Entry-Level
• Mid-Level
• High-End
• Ultra
Regional Insights:
• Northern and Central  Region
Report • Western Region
• Eastern Region
Segmentation
• Southern Region
How has the Saudi Arabia luxury car market performed 
so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Saudi 
Arabia luxury car market?
What is the breakup of the Saudi Arabia luxury car 
market on the basis of vehicle type?
Key 
What is the breakup of the Saudi Arabia luxury car 
Questions market on the basis of fuel type?
Answered in What is the breakup of the Saudi Arabia luxury car market on the basis of price range?
the Report What are the various stages in the value chain of the 
Saudi Arabia luxury car market?
What are the key driving factors and challenges in the 
Saudi Arabia luxury car?
What is the structure of the Saudi Arabia luxury car 
market and who are the key players?
What is the degree of competition in the Saudi Arabia 
luxury car market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    S a u d i  A r a b i a  L u x u r y  C a r  M a r k e t  -  I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     M a r k e t  D y n a m i c s
    4 . 3     I n d u s t r y  T r e n d s
    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e
5    S a u d i  A r a b i a  L u x u r y  C a r  M a r k e t  L a n d s c a p e
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6    S a u d i  A r a b i a  L u x u r y  C a r  M a r k e t  -  B r e a k u p  b y  V e h i c l e  T y p e
    6 . 1     H a t c h b a c k
        6 . 1 . 1  O v e r v i e w
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 2     S e d a n
        6 . 2 . 1  O v e r v i e w
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
       
    6 . 3     S p o r t s  U t i l i t y  V e h i c l e
        6 . 3 .1  O ve r v i e w
        6 . 3 .2  H i s t o r i c a l  a nd  C u r r e n t  Ma r k e t  T r e n ds  ( 2 0 18 - 2 0 2 3 )
        6 . 3 .3  M a rk e t  F o r e c a s t  ( 2 02 4 - 2 0 32 )
7    S au d i  A ra b i a  L u x u r y  C a r  M a r k e t  -  B re a k u p  b y  F u e l  T y p e
    7 . 1     Ga s o l i n e
        7 . 1 .1  O ve r v i e w
        7 . 1 .2  H i s t o r i c a l  a nd  C u r r e n t  Ma r k e t  T r e n ds  ( 2 0 18 - 2 0 2 3 )
        7 . 1 .3  M a rk e t  F o r e c a s t  ( 2 02 4 - 2 0 32 )
    7 . 2     D i e s e l
        7 . 2 .1  O ve r v i e w
Table of         7 . 2 .2  H i s t o r i c a l  a nd  C u r r e n t  Ma r k e t  T r e n ds  ( 2 0 18 - 2 0 2 3 )        7 . 2 .3  M a rk e t  F o r e c a s t  ( 2 02 4 - 2 0 32 )
    7 . 3     E l e c t r i c
Contents         7 . 3 .1  O ve r v i e w        7 . 3 .2  H i s t o r i c a l  a nd  C u r r e n t  Ma r k e t  T r e n ds  ( 2 0 18 - 2 0 2 3 )
        7 . 3 .3  M a rk e t  F o r e c a s t  ( 2 02 4 - 2 0 32 )
8    S au d i  A ra b i a  L u x u r y  C a r  M a r k e t  -  B re a k u p  b y  P r ic e  
R a n g e
    8 . 1     E n t r y -L e v e l
        8 . 1 .1  O ve r v i e w
        8 . 1 .2  H i s t o r i c a l  a nd  C u r r e n t  Ma r k e t  T r e n ds  ( 2 0 18 - 2 0 2 3 )
        8 . 1 .3  M a rk e t  F o r e c a s t  ( 2 02 4 - 2 0 32 )
    8 . 2     M i d - L e ve l
        8 . 2 .1  O ve r v i e w
        8 . 2 .2  H i s t o r i c a l  a nd  C u r r e n t  Ma r k e t  T r e n ds  ( 2 0 18 - 2 0 2 3 )
        8 . 2 .3  M a rk e t  F o r e c a s t  ( 2 02 4 - 2 0 32 )     
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