GCC Light Commercial Vehicle Market, By Vehicle Type (Pickup Truck, Van and Light Bus), By Fuel Type (Petrol, Diesel and Alternate), By End User (Individual Vs Fleet Owner), By Region, Competition Forecast & Opportunities, 2026

November 2021 | 84 pages | ID: G1D344802F05EN
TechSci Research

Abstracts

GCC light commercial vehicle market stood at USD4,796.69 million in 2020, and it is anticipated to grow at a CAGR of 7.20% in the forecast period, 2022-2026 to reach USD7,676.72 million by 2026. The high demand from the end-user industries including tourism, infrastructure, transport & logistics are driving the growth of the GCC light commercial vehicle market. GCC states are making investments for the development of the tourism and hospitality sector including the airport expansion to handle the capacity of the projected visitor inflow which in turn is expected to fuel the GCC light commercial vehicle market growth for the next five years.

Relaxation of visa rules by the government in Qatar and UAE and development of Bahrain International Airport is expected to attract a large number of tourists into the region, thereby is expected to boost the economic status of the GCC region. The rise in the ongoing and upcoming mega projects such as Saudi Vision 2030, the red sea project in Saudi Arabia, the development of smart cities, and rail infrastructure require commercial vehicles for the transportation of goods and materials from one place to another. The economy is dependent on the import of goods and materials and with the growing population, the consumption pattern is expected to increase, which is expected to accelerate the GCC light commercial vehicle market’s growth.

Furthermore, rapid growth in manufacturing, retail, logistics and other sectors owing to favorable government policies has been a game changer for light commercial vehicles’ market in the GCC region. Over the past few years, demand for LCVs has grown significantly, backed by growing need for transportation of raw materials as well as finished goods to end users. Moreover, fleet owners have started operating for long haulage transportation services, which is further anticipated to fuel the demand for light commercial vehicles across the region. Such vehicles are also being used as moving shops of apparels, vegetables & fruits, etc. Apart from this, nowadays ‘food trucks’ utilizing light vans are also gaining popularity which is increasing the penetration of the light commercial vehicles in the GCC region.

GCC light commercial vehicle market is segmented into vehicle type, fuel type, end user, country, and company. Based on the vehicle type, the market can be bifurcated into the pickup truck, van and light buses. The pickup truck segment is expected to witness significant growth in the forecast period, 2022-2026. The rise in the disposable income of consumers is increasing the expenditure capacity of consumers to buy luxury pickup trucks. The growth in the construction activities in the GCC region and the presence of supportive government policies to boost the construction activity is expected to fuel the segment growth.

The major players operating in the GCC Light Commercial Vehicle market are Ford Motor Company Middle East, Al-Futtaim Motors, ISUZU MOTORS LIMITED, Nissan Motors Co. LTD, Volkswagen AG, Hyundai Motor Company, Ford Motor Company, Mitsubishi Motors Corporation, Toyota Motor Corporation, Tata Motors Ltd., Mercedes Benz AG, Hino Motors, IVECO S.p.A, among others. Major companies are developing advanced technologies and are launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

• Historical Years: 2016-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2026

Objective of the Study:

• To analyze the historical growth of the market size of GCC Light Commercial Vehicle market from 2016 to 2020.
• To estimate and forecast the market size of GCC Light Commercial Vehicle market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast GCC Light Commercial Vehicle market based on vehicle type, fuel type, end user, country, and company.
• To identify dominant region or segment in the GCC Light Commercial Vehicle market.
• To identify drivers and challenges for GCC Light Commercial Vehicle market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in GCC Light Commercial Vehicle market.
• To identify and analyze the profile of leading players operating in the GCC Light Commercial Vehicle market.
• To identify key sustainable strategies adopted by market players in the GCC Light Commercial Vehicle market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the region.

TechSci Research calculated the market size of GCC Light Commercial Vehicle market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Light commercial vehicle manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to Light Commercial Vehicle market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, GCC Light Commercial Vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• GCC Light Commercial Vehicle Market Share, By Vehicle Type:
• Pickup Truck
• Van
• Light Bus
• GCC Light Commercial Vehicle Market Share, By Fuel Type:
• Petrol
• Diesel
• Alternate
• GCC Light Commercial Vehicle Market Share, By End User:
• Individual
• Fleet Owner
• GCC Light Commercial Vehicle Market Share, By Country:
• Saudi Arabia
• UAE
• Oman
• Kuwait
• Qatar
• Bahrain

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in GCC Light Commercial Vehicle market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. IMPACT OF COVID-19 ON GCC LIGHT COMMERCIAL VEHICLE MARKET

4. EXECUTIVE SUMMARY

5. VOICE OF CUSTOMER

6. GCC LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Vehicle Type (Pickup Truck, Van, Light Bus)
  6.2.2. By Fuel Type (Petrol, Diesel, Alternate)
  6.2.3. By End User (Individual Vs Fleet Owner)
  6.2.4. By Country (Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain)
  6.2.5. By Company (2020)
6.3. Product Market Map (By Vehicle Type)
6.4. Product Market Map (By Fuel Type)
6.5. Product Market Map (By Region)

7. SAUDI ARABIA LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Vehicle Type
  7.2.2. By Fuel Type
  7.2.3. By End User
7.3. Saudi Arabia Pickup Truck Market Outlook, 2016-2026F
  7.3.1. Market Size & Forecast
    7.3.1.1. By Value & Volume
  7.3.2. Market Share & Forecast
    7.3.2.1. By Fuel Type
7.4. Saudi Arabia Van Market Outlook, 2016-2026F
  7.4.1. Market Size & Forecast
    7.4.1.1. By Value & Volume
  7.4.2. Market Share & Forecast
    7.4.2.1. By Fuel Type
7.5. Saudi Arabia Light Bus Market Outlook, 2016-2026F
  7.5.1. Market Size & Forecast
    7.5.1.1. By Value & Volume
  7.5.2. Market Share & Forecast
    7.5.2.1. By Fuel Type

8. UAE LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Vehicle Type
  8.2.2. By Fuel Type
  8.2.3. By End User
8.3. UAE Pickup Truck Market Outlook, 2016-2026F
  8.3.1. Market Size & Forecast
    8.3.1.1. By Value & Volume
  8.3.2. Market Share & Forecast
    8.3.2.1. By Fuel Type
8.4. UAE Van Market Outlook, 2016-2026F
  8.4.1. Market Size & Forecast
    8.4.1.1. By Value & Volume
  8.4.2. Market Share & Forecast
    8.4.2.1. By Fuel Type
8.5. UAE Light Bus Market Outlook, 2016-2026F
  8.5.1. Market Size & Forecast
    8.5.1.1. By Value & Volume
  8.5.2. Market Share & Forecast
    8.5.2.1. By Fuel Type

9. OMAN LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Vehicle Type
  9.2.2. By Fuel Type
  9.2.3. By End User
9.3. Oman Pickup Truck Market Outlook, 2016-2026F
  9.3.1. Market Size & Forecast
    9.3.1.1. By Value & Volume
  9.3.2. Market Share & Forecast
    9.3.2.1. By Fuel Type
9.4. Oman Van Market Outlook, 2016-2026F
  9.4.1. Market Size & Forecast
    9.4.1.1. By Value & Volume
  9.4.2. Market Share & Forecast
    9.4.2.1. By Fuel Type
9.5. Oman Light Bus Market Outlook, 2016-2026F
  9.5.1. Market Size & Forecast
    9.5.1.1. By Value & Volume
  9.5.2. Market Share & Forecast
    9.5.2.1. By Fuel Type

10. KUWAIT LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Vehicle Type
  10.2.2. By Fuel Type
  10.2.3. By End User
10.3. Kuwait Pickup Truck Market Outlook, 2016-2026F
  10.3.1. Market Size & Forecast
    10.3.1.1. By Value & Volume
  10.3.2. Market Share & Forecast
    10.3.2.1. By Fuel Type
10.4. Kuwait Van Market Outlook, 2016-2026F
  10.4.1. Market Size & Forecast
    10.4.1.1. By Value & Volume
  10.4.2. Market Share & Forecast
    10.4.2.1. By Fuel Type
10.5. Kuwait Light Bus Market Outlook, 2016-2026F
  10.5.1. Market Size & Forecast
    10.5.1.1. By Value & Volume
  10.5.2. Market Share & Forecast
    10.5.2.1. By Fuel Type

11. QATAR LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

11.1. Market Size & Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Vehicle Type
  11.2.2. By Fuel Type
  11.2.3. By End User
11.3. Qatar Pickup Truck Market Outlook, 2016-2026F
  11.3.1. Market Size & Forecast
    11.3.1.1. By Value & Volume
  11.3.2. Market Share & Forecast
    11.3.2.1. By Fuel Type
11.4. Qatar Van Market Outlook, 2016-2026F
  11.4.1. Market Size & Forecast
    11.4.1.1. By Value & Volume
  11.4.2. Market Share & Forecast
    11.4.2.1. By Fuel Type
11.5. Qatar Light Bus Market Outlook, 2016-2026F
  11.5.1. Market Size & Forecast
    11.5.1.1. By Value & Volume
  11.5.2. Market Share & Forecast
    11.5.2.1. By Fuel Type

12. BAHRAIN LIGHT COMMERCIAL VEHICLE MARKET OUTLOOK, 2016-2026F

12.1. Market Size & Forecast
  12.1.1. By Value & Volume
12.2. Market Share & Forecast
  12.2.1. By Vehicle Type
  12.2.2. By Fuel Type
  12.2.3. By End User
12.3. Bahrain Pickup Truck Market Outlook, 2016-2026F
  12.3.1. Market Size & Forecast
    12.3.1.1. By Value & Volume
  12.3.2. Market Share & Forecast
    12.3.2.1. By Fuel Type
12.4. Bahrain Van Market Outlook, 2016-2026F
  12.4.1. Market Size & Forecast
    12.4.1.1. By Value & Volume
  12.4.2. Market Share & Forecast
    12.4.2.1. By Fuel Type
12.5. Bahrain Light Bus Market Outlook, 2016-2026F
  12.5.1. Market Size & Forecast
    12.5.1.1. By Value & Volume
  12.5.2. Market Share & Forecast
    12.5.2.1. By Fuel Type

13. MARKET DYNAMICS

13.1. Drivers
13.2. Challenges

14. MARKET TRENDS AND DEVELOPMENTS

15. COMPETITIVE LANDSCAPE

15.1. Ford Motor Company Middle East
15.2. Al-Futtaim Motors
15.3. Isuzu Motors Limited
15.4. Nissan Motors Co. LTD
15.5. Volkswagen AG
15.6. Ford Motor Company
15.7. Mitsubishi Motors Corporation
15.8. Toyota Motor Corporation
15.9. Tata Motors Ltd.
15.10. Mercedes Benz AG

16. STRATEGIC RECOMMENDATIONS

17. ABOUT US & DISCLAIMER

List Of Figures

LIST OF FIGURES

Figure 1: GCC Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 2: GCC Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 3: GCC Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 4: GCC Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 5: GCC Light Commercial Vehicle Market Share, By Region, By Volume, 2016–2026F
Figure 6: GCC Light Commercial Vehicle Market Share, By Company, By Volume, 2020
Figure 7: GCC Light Commercial Vehicle Market Map, By Vehicle Type, Market Size (Million units) & Growth Rate (%)
Figure 8: GCC Light Commercial Vehicle Market Map, By Fuel Type, Market Size (Million units) & Growth Rate (%)
Figure 9: GCC Light Commercial Vehicle Market Map, By Region, Market Size (Million units) & Growth Rate (%)
Figure 10: Saudi Arabia Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 11: Saudi Arabia Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 12: Saudi Arabia Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 13: Saudi Arabia Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 14: Saudi Arabia Pickup Truck Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 15: Saudi Arabia Pickup Truck Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 16: Saudi Arabia Van Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 17: Saudi Arabia Van Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 18: Saudi Arabia Light Bus Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 19: Saudi Arabia Light Bus Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 20: UAE Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 21: UAE Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 22: UAE Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 23: UAE Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 24: UAE Pickup Truck Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 25: UAE Pickup Truck Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 26: UAE Van Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 27: UAE Van Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 28: UAE Light Bus Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 29: UAE Light Bus Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 30: Oman Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 31: Oman Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 32: Oman Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 33: Oman Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 34: Oman Pickup Truck Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 35: Oman Pickup Truck Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 36: Oman Van Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 37: Oman Van Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 38: Oman Light Bus Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 39: Oman Light Bus Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 40: Kuwait Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 41: Kuwait Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 42: Kuwait Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 43: Kuwait Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 44: Kuwait Pickup Truck Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 45: Kuwait Pickup Truck Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 46: Kuwait Van Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 47: Kuwait Van Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 48: Kuwait Light Bus Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 49: Kuwait Light Bus Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 50: Qatar Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 51: Qatar Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 52: Qatar Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 53: Qatar Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 54: Qatar Pickup Truck Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 55: Qatar Pickup Truck Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 56: Qatar Van Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 57: Qatar Van Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 58: Qatar Light Bus Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 59: Qatar Light Bus Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 60: Bahrain Light Commercial Vehicle Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 61: Bahrain Light Commercial Vehicle Market Share, By Vehicle Type, By Volume, 2016–2026F
Figure 62: Bahrain Light Commercial Vehicle Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 63: Bahrain Light Commercial Vehicle Market Share, By End User, By Volume, 2016–2026F
Figure 64: Bahrain Pickup Truck Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 65: Bahrain Pickup Truck Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 66: Bahrain Van Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 67: Bahrain Van Market Share, By Fuel Type, By Volume, 2016–2026F
Figure 68: Bahrain Light Bus Market Size, By Value (USD Million), By Volume (Million Units), 2016-2026F
Figure 69: Bahrain Light Bus Market Share, By Fuel Type, By Volume, 2016–2026F