According to Technavio, the automotive market share in GCC is anticipated to increase by 346.37 thousand units, and the market's growth size is projected to rise at a CAGR of 6.74%.
The GCC automotive market is on an evolutionary path, marked by growth, innovation, and challenges. As urbanization reshapes the region's cities, the demand for smarter mobility solutions rises, propelling the automotive landscape. However, challenges, including COVID-19 pandemic-related disruptions, have highlighted the need for adaptability. This report navigates this landscape, dissecting market dynamics, from passenger cars to commercial vehicles across Saudi Arabia, UAE, Kuwait, and others. Major companies like BMW, Daimler, and General Motors drive innovation, especially in the electric vehicle sector.