GCC Used Car Market Size, Industry Growth, and Research Report 2025-2033

Used Car Market in GCC 2025:

How Big is the GCC Used Car Industry?

The GCC used car market size reached USD 22.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 48.47 Billion by 2033, exhibiting a growth rate (CAGR) of 7.97% during 2025-2033.

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 22.7 Billion

Market Size in 2033: USD 48.47 Billion

Market Growth Rate (CAGR) 2025-2033: 7.97%

GCC Used Car Market Trends and Drivers:

The increasing demand for cheap and consistent means of transport is prompting growth of the GCC used car market. Economic reasons, including price variations in oil and an increase in the cost of living, are driving consumers away from buying used cars and toward buying new cars. This trend is also boosted by the growing expatriate population in the area who are usually looking for low-cost mobility. In the meantime, the growth of online platforms and marketplaces has also contributed to a greater accessibility and transparency in the buying and selling of used cars, providing comprehensive narratives of vehicle history, price comparisons and acquisition financing, thus increasing consumer trust. Moreover, certified pre-owned programs of the leading car manufacturers are further stimulating the market through quality assurance and reliability of the second hand vehicles.

The convergence between digital tools and sophisticated technologies is transforming the GCC used car market by simplifying the buying process and enhancing customer satisfaction. Digitalisation of the industry is reflected in the use of AI-driven pricing applications, virtual showrooms and contactless payment systems. Increasing popularity of fuel efficient and electric vehicles (EVs) in the used vehicle market is clear, as drivers seek sustainability and lower operating costs. At the same time, there is a growing demand for luxury/premium used cars, a market influenced by the region's wealthy consumers who desire value but do not want to sacrifice quality. Increased regulatory control for vehicle tests and quality requirements are also helping to increase confidence in the consumer market, and thus positioning the GCC secondhand car market to experience substantial growth in the next few years.

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GCC Used Car Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

• Hatchbacks

• Sedan

• Sports Utility Vehicle

• Others

Vendor Type Insights:

• Organized

• Unorganized

Fuel Type Insights:

• Gasoline

• Diesel

• Others

Sales Channel Insights:

• Online

• Offline

Country Insights:

• Saudi Arabia

• UAE

• Qatar

• Bahrain

• Kuwait

• Oman

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies. 

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Other Key Points Covered in the Report:

• COVID-19 Impact on the Market

• Porter's Five Forces Analysis

• Strategic Recommendations

• Market Dynamics

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

• Top Winning Strategies

• Recent Industry News

• Key Technological Trends & Development

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1-631-791-1145