MENA Commercial Vehicles (Trucks) Market Analysis and Forecast to 2032: By Commercial Vehicle Type (Light Duty, Medium Duty, Heavy Duty) and Country
The MENA Commercial Vehicles (Trucks) Market was nearly USD 6.4 Billion in 2022 and it is anticipated to grow over USD 10.6 Billion by 2032, at a CAGR of over 5.2% during the forecast period.
Commercial vehicles are frequently employed as a mode of transportation for several end-use sectors, and they aid in activities including loading, unloading, and transporting cargo. Due to the numerous projects that are now under development throughout all Middle Eastern nations, as well as the region’s aspirations to diversify its economy, the construction sector is seeing rapid expansion.
Key Trends
There are several key trends in MENA Commercial Vehicles (Trucks) technology.
First, there is a trend toward more fuel-efficient vehicles. This is being driven by both government regulations and the high cost of fuel in the region.
Second, there is a trend towards trucks with more advanced safety features. This is being driven by both government regulations and the increasing number of accidents in the region.
Third, there is a trend towards trucks with more advanced features such as GPS and other telematics. This is being driven by the increasing use of technology in the region and the need for companies to be able to track their vehicles.
Key Drivers
Due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.
Iran is one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.
On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.
Restraints & Challenges
The key restraints and challenges in the MENA commercial vehicles (trucks) market include the following:
-The high cost of ownership and operation of trucks
-The lack of an integrated logistics infrastructure in the region
-The lack of skilled drivers and technicians
Market Segments
The MENA Commercial Vehicles (Trucks) market report is bifurcated on the basis of commercial vehicle type and country. On the basis of commercial vehicle type, it is segmented into light duty, medium duty, and heavy duty. Country-wise, it is studied across Saudi Arabia, UAE, Egypt, Turkey, Iran, North Africa, and Rest of MENA.
Key Players
The MENA commercial vehicles market (trucks) includes players such as Daimler AG (UAE), Scania AB (UAE), MAN SE (UAE), Hino Motors, Ltd. (UAE), Isuzu Motors Ltd. (UAE), Toyota Motor Corporation (UAE), Ford Motor Company (UAE), Nissan Motor Corporation (UAE), General Motor Company (UAE), and PACCAR A.G. (UAE).
Table of Contents
Chapter 1. MENA Commercial Vehicles (Trucks) Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Country
3.2. Market Attractiveness Analysis, by Commercial Vehicle Type
Chapter 4. MENA Commercial Vehicles (Trucks) Market Outlook
4.1. MENA Commercial Vehicles (Trucks) Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the MENA Commercial Vehicles (Trucks) Market
4.7. Impact of the Russia and Ukraine War on the MENA Commercial Vehicles (Trucks) Market
4.8. Case Study Analysis
4.9. Pricing Analysis
Chapter 5. MENA Commercial Vehicles (Trucks) Market by Commercial Vehicle Type
5.1. Market overview
5.2. Light Duty
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market size and forecast, by Country
5.2.3. Market size and forecast, by Types
5.2.3.1. Up to 2.5 Tons
5.2.3.2. 2.5 T – 4.5 T
5.2.3.3. 4.5 T – 6.5 T
5.3. Medium Duty
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market size and forecast, by Country
5.3.3. Market size and forecast, by Types
5.3.3.1. 6.5 T – 7.5 T
5.3.3.2. 7.5 T – 9 T
5.3.3.3. 9 T – 12 T
5.4. Heavy Duty
5.4.1. Key Market Trends & Opportunity Analysis
5.4.2. Market size and forecast, by Country
5.4.3. Market size and forecast, by Types
5.4.3.1. 12 T – 15 T
5.4.3.2. 15 T & Above
Chapter 6. MENA Commercial Vehicles (Trucks) Market, by Country
6.1. Overview
6.2. Saudi Arabia
6.2.1. Saudi Arabia Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
6.3. UAE
6.3.1. UAE Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
6.4. Egypt
6.4.1. Egypt Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
6.5. Turkey
6.5.1. Turkey Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
6.6. Iran
6.6.1. Iran Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
6.7. North Africa
6.7.1. North Africa Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
6.8. Rest of MENA
6.8.1. Rest of MENA Commercial Vehicles (Trucks) market size and forecast by Commercial Vehicle Type
Chapter 7. Competitive Landscape
7.1. Market overview
7.2. Market share analysis/key player positioning
7.3. Developmental strategy benchmarking
7.3.1. New product development
7.3.2. Product launches
7.3.3. Business expansions
7.3.4. Partnerships, joint ventures, and collaborations
7.3.5. Mergers and acquisitions
Chapter 8. Company Profiles
8.1. Daimler AG (UAE)
8.1.1. Company snapshot
8.1.2. Financial performance
8.1.3. Product offerings
8.1.4. Key strategic initiatives
8.1.5. SWOT analysis
8.2. Scania AB (UAE)
8.2.1. Company snapshot
8.2.2. Financial performance
8.2.3. Product offerings
8.2.4. Key strategic initiatives
8.2.5. SWOT analysis
8.3. MAN SE (UAE)
8.3.1. Company snapshot
8.3.2. Financial performance
8.3.3. Product offerings
8.3.4. Key strategic initiatives
8.3.5. SWOT analysis
8.4. Hino Motors, Ltd. (UAE)
8.4.1. Company snapshot
8.4.2. Financial performance
8.4.3. Product offerings
8.4.4. Key strategic initiatives
8.4.5. SWOT analysis
8.5. Isuzu Motors Ltd. (UAE)
8.5.1. Company snapshot
8.5.2. Financial performance
8.5.3. Product offerings
8.5.4. Key strategic initiatives
8.5.5. SWOT analysis
8.6. Toyota Motor Corporation (UAE)
8.6.1. Company snapshot
8.6.2. Financial performance
8.6.3. Product offerings
8.6.4. Key strategic initiatives
8.6.5. SWOT analysis
8.7. Ford Motor Company (UAE)
8.7.1. Company snapshot
8.7.2. Financial performance
8.7.3. Product offerings
8.7.4. Key strategic initiatives
8.7.5. SWOT analysis
8.8. Nissan Motor Corporation (UAE)
8.8.1. Company snapshot
8.8.2. Financial performance
8.8.3. Product offerings
8.8.4. Key strategic initiatives
8.8.5. SWOT analysis
8.9. General Motor Company (UAE)
8.9.1. Company snapshot
8.9.2. Financial performance
8.9.3. Product offerings
8.9.4. Key strategic initiatives
8.9.5. SWOT analysis
8.10. PACCAR A.G. (UAE)
8.10.1. Company snapshot
8.10.2. Financial performance
8.10.3. Product offerings
8.10.4. Key strategic initiatives
8.10.5. SWOT analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Players
- Daimler AG (UAE)
- Scania AB (UAE)
- MAN SE (UAE)
- Hino Motors, Ltd. (UAE)
- Isuzu Motors Ltd. (UAE)
- Toyota Motor Corporation (UAE)
- Ford Motor Company (UAE)
- Nissan Motor Corporation (UAE)
- General Motor Company (UAE)
- PACCAR A.G. (UAE)
Market Segmentation
By Type
- Light Duty
- Up to 2.5 Tons
- 2.5 T – 4.5 T
- 4.5 T – 6.5 T
- Medium Duty
- 6.5 T – 7.5 T
- 7.5 T – 9 T
- 9 T – 12 T
- Heavy Duty
- 12 T – 15 T
- 15 T & Above
By Country
- Saudi Arabia
- UAE
- Egypt
- Turkey
- Iran
- North Africa
- Rest of MENA