Market Size of GCC Automotive Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.38 Billion |
| Market Size (2029) | USD 7.95 Billion |
| CAGR (2024 - 2029) | 4.51 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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GCC Automotive Logistics Market Analysis
The GCC Automotive Logistics Market size is estimated at USD 6.38 billion in 2024, and is expected to reach USD 7.95 billion by 2029, growing at a CAGR of 4.51% during the forecast period (2024-2029).
- The Middle East is one of the most important markets for automotive manufacturers. Right from entry-level carmakers that focus on mass-market products to companies with a premium product lineup, every brand wants to gain and increase its market share in this region. Saudi Arabia remains a very important market for US automakers.
- GCC countries like Saudi Arabia and the United Arab Emirates are expanding their import and premium vehicle markets. They also witness rising aftermarket and second-hand vehicle volumes. Thus, logistics will be the key to unlocking the automotive industry's potential further in the region.
- Manufacturers and distributors depend on seamless flows to satisfy customer expectations and just-in-time supply chains and access the technologies that drive change across the global automotive industry, including electrification, autonomy, and connectivity.
- In the Gulf region, especially in Israel, Jordan, Oman, Saudi Arabia, and the United Arab Emirates, electric and hybrid means of transportation have gained popularity. The UAE government is taking steps to lessen road travel's impact on the environment, making the nation a prime site for promoting green mobility solutions (objectives include having 10% of Dubai's vehicles be electric by 2030).
