PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: TechSci Research

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Saudi Arabia Commercial Vehicles Market to Grow at around 15% during 2014-19 Says TechSci Research - Continuing growth in infrastructure, growing religious tourism and increasing government focus on non-oil sectors to drive commercial vehicles market in Saudi Arabia through 2019 - TechSciResearch.com
Saudi Arabia Commercial Vehicles Market to Grow at around 15% during 2014-19 Says TechSci Research

 

NewswireToday - /newswire/ - Burnaby, British Columbia, Canada, 2014/10/06 - Continuing growth in infrastructure, growing religious tourism and increasing government focus on non-oil sectors to drive commercial vehicles market in Saudi Arabia through 2019 - TechSciResearch.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Saudi Arabia is poised to witness continuing demand for commercial vehicles due to robust growth in the country’s infrastructure projects coupled with import of buses by the country to address the growing transportation requirements for Hajj and Umrah pilgrims. Saudi Arabia commercial vehicles market is also expected to witness commercial vehicle manufacturing garnering support from various government initiatives. According to a recently published report by TechSci Research “Saudi Arabia Commercial Vehicles Market Forecast & Opportunities, 2019”, the country’s commercial vehicles market is forecast to grow at a CAGR of around 15% during 2014-19. Commercial vehicle market in the country is predominantly an import driven market, with most of the vehicles being shipped as CBUs (Completely Built Units) or SKDs (Semi Knocked Down).

In terms of commercial vehicle sales, North/Central and Western regions are currently the most dominant regions and the trend is expected to continue as most of the infrastructure projects are scheduled to come up in these regions over the next five years. Most of the commercial vehicles in the country are imported from Thailand, Japan, Germany, China and the US. Being a major commercial vehicle export destination in the MENA region, various players operating in Saudi Arabia are also involved in re-exporting commercial vehicles to other GCC and Arab league countries. Presently, Toyota is the market leader in LCV market, with Mercedes Benz dominating the MHCV market in Saudi Arabia. The low-end and high-end Bus segments are dominated by Ashok Leyland and Mercedes Benz, respectively.

Presently, Light Commercial Vehicle segment is the most dominating commercial vehicle segment, accounting for majority of the overall commercial vehicles sold in Saudi Arabia, followed by Medium Heavy Commercial Vehicles (MHCVs) and Buses. “With increasing government focus on diversification into non-oil based sectors, the demand for Medium Heavy Commercial Vehicles is also witnessing a continuing increase. On the other hand, growing logistics sector is propelling the demand for Light Commercial Vehicles as well. However, the Bus segment is anticipated to grow at the fastest pace among all the commercial vehicle segments in Saudi Arabia during 2014-19.” said Mr. Karan Chechi, Research Director with TechSci Research, a leading global market research and consulting firm.

“Saudi Arabia Commercial Vehicles Market Forecast & Opportunities, 2019” has evaluated the future growth potential of Saudi Arabia commercial vehicles market and provides statistics and information on market structure, exports and future growth of the market. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides all this, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in the Saudi Arabia commercial vehicle market.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


Saudi Arabia Commercial Vehicles Market to Grow at around 15% during 2014-19 Says TechSci Research

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Ken Mathews - TechSciResearch.com 
+91 12 04316223 ken.mathews[.]techsciresearch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechSci Research securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TechSci Research / Company Profile


Read Automotive/Trucking/RV Most Recent Related Newswires:

Frost & Sullivan Honors IriTech for Leading Iris Biometrics to New Frontiers in Mobile, AR/VR and Automotive Markets
Corporate Mobility Solution Providers Leverage a Sophisticated, Partnership-based Ecosystem Finds Frost & Sullivan
eRetailing, Telematics and Service Aggregation Boost Evolution of Global Automotive Aftermarket in 2017 Finds Frost & Sullivan
Frost & Sullivan Names Drivewyze Company of the Year
Auto Hrvatska, Croatian Importer of MAN Truck & Bus Celebrates its 65th Anniversary
Original Equipment Service Providers in the CV Aftermarket to Edge Out Independent Aftermarket Participants Finds Frost & Sullivan
Frost & Sullivan Commends High Mobility's Potential to Disrupt the Connected Car Market
Beam Axle Market to See Incredible Growth During 2017-2025 Says Persistence Market Research
Suspension Ball Joint Market Rugged Expansion Foreseen by 2025 According to Persistence Market Research
Automotive Manufacturers Leverage Fintech through Partners to Deliver A Differentiated In-vehicle Experience Finds Frost & Sullivan
Axle Bushes Market to Witness Growth Acceleration During 2017-2025 Says PMR
Favourable Government Initiatives and New EV Business Models Boost Poland’s Electromobility Market Finds Frost & Sullivan
Car Washing System Market to Witness Comprehensive Growth by 2026 Reports Persistence Market Research
Autonomous and Connected Technologies to Decrease Transportation Costs to Under 1$ per Mile According to Frost & Sullivan
New Business Models and Aging Car Market Boost UK Automotive Aftermarket Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow Ltd

Visit  S&A Capital Partner Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)