The Saudi Arabia auto financing market size reached USD 2.66 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.18 Billion by 2033, exhibiting a growth rate (CAGR) of 6.90% during 2025-2033. Government policies and initiatives, along with digital banking and fintech innovation, are driving the auto financing market. Vision 2030 is improving private sector participation, introducing regulatory changes, and promoting digital-first financial services, making financing more accessible and contributing to the expansion of the Saudi Arabia auto financing market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 2.66 Billion |
Market Forecast in 2033 | USD 5.18 Billion |
Market Growth Rate 2025-2033 | 6.90% |
Government Policies and Initiatives
The governing authority is influencing the auto financing sector by enacting policies and initiatives aimed at boosting local production. Under Vision 2030, the governing body is focusing on improving private sector participation and offering incentives for vehicle purchases, leading to a rise in car ownership. Changes in regulations, such as reduced interest rates and more adaptable loan conditions, are enhancing the availability of auto financing for a broader audience. Additionally, the emphasis on increasing individual expenditure and upgrading mobility infrastructure, including the expansion of public transport systems and the improvement of road networks, is creating a positive environment for people to invest in personal vehicles. An evident illustration of this occurred in 2025 when the Saudi Central Bank (SAMA) noted a notable rise in loans from finance firms, which reached $25.67 billion in 2024, which is a 13.6% increase compared to the prior year. This expansion was driven by personal, automotive, and small business financing, with regulatory changes and fintech innovations propelling the industry's growth. The sector's profitability increased notably, demonstrating enhanced financial inclusion in line with the nation's Vision 2030 goals. These advancements demonstrate how the government's strategic initiatives to bolster the auto financing sector are effectively driving individual interest and improving the financial landscape.
Digital Banking and Fintech Innovation
The rapid development of digital banking and fintech innovations is supporting the Saudi Arabia auto financing market growth. The shift towards digital-first financial services is opening new opportunities for people to access loans and financing solutions with greater ease and convenience. This transformation is part of the broader Vision 2030 Financial Services Development Program, which aims to modernize the country’s financial infrastructure. The full public launch of STC Bank and D360 in 2025 marked a pivotal moment in this digital shift. Both digital-only banks are reshaping the banking landscape by leveraging advanced technology to provide seamless, online-based services. D360, for instance, quickly garnered 600,000 users shortly after its launch, showcasing the growing demand for digital banking solutions. STC Bank, on the other hand, is capitalizing on its established STC Pay base to offer easy access to financial services. This trend reflects rising interest in digital banking platforms that offer faster approval processes, lower fees, and more flexible financing options. As more people move toward online financial services, auto financing is becoming increasingly accessible through digital platforms.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, source type, and vehicle type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes new vehicle and used vehicle.
Source Type Insights:
A detailed breakup and analysis of the market based on the source type have also been provided in the report. This includes OEMs, banks, credit unions, and financial institutions.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars and commercial vehicles.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | New Vehicle, Used Vehicle |
Source Types Covered | OEMs, Banks, Credit Unions, Financial Institutions |
Vehicle Types Covered | Passenger Cars, Commercial Vehicles |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: