Full-Size Vans - Saudi Arabia

Saudi Arabia

The Full-size Vans market in Saudi Arabia is anticipated to achieve a revenue of US$492m in 2024.
It is expected to exhibit an annual growth rate of 0.97% (CAGR 2024-2028), leading to a projected market volume of US$512m by 2028.
By 2028, the unit sales of Full-size Vans market in Saudi Arabia are estimated to reach 19.7k vehicles.
In 2024, the volume weighted average price of Full-size Vans market in Saudi Arabia is projected to be US$26k.
When considering the global scenario, it is evident that United States will generate the highest revenue, amounting to US$8,767m in 2024.
In Saudi Arabia, the demand for full-size vans is steadily increasing, driven by the growing need for transportation in the expanding construction and logistics sectors.

Key regions: Europe, Worldwide, India, United States,

Market

Make

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).