Saudi Arabia Truck Market

Saudi Arabia Truck Market Overview:

The Saudi Arabia truck market size reached USD 69.61 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 130.80 Billion by 2033, exhibiting a growth rate (CAGR) of 7.26% during 2025-2033. The market share is expanding, driven by rising investments in public-private partnerships and incentives for local manufacturing, along with the expansion of e-commerce sites, which is creating the need for efficient delivery systems.

Saudi Arabia Truck Market Trends:

Rising government investments in non-oil economy

Increasing government expenditure on the non-oil economy is offering a favorable Saudi Arabia truck market outlook. As the government is focusing on diversifying its economic base under Vision 2030, various non-oil sectors, such as manufacturing, mining, infrastructure, and tourism, are receiving strong financial support. As per the information provided by the Saudi Arabian government authorities, in 2024, Saudi Arabia's economy expanded by 1.3%, including a 4.3% increase in non-oil sectors. These burgeoning industries necessitate effective transportation solutions, driving the demand for trucks to convey raw materials, finished goods, and construction equipment. The establishment of new industrial zones, economic cities, and logistical hubs is creating the need for dependable commercial vehicles. The construction of new infrastructure, such as highways, airports, and entertainment projects, is catalyzing the demand for heavy-duty trucks to transport materials and machinery. Furthermore, rising expenditure on public-private partnerships and incentives for local production are promoting the utilization of trucks. These initiatives are not only stimulating local truck and component production but also enticing multinational truck manufacturers to expand in the region.

Expansion of e-commerce portals

The expansion of e-commerce sites is fueling the Saudi Arabia truck market growth. According to industry reports, the Saudi Arabia e-commerce market hit USD 1.88 Billion in 2024 and is expected to rise to USD 10.96 Billion by 2033, indicating a remarkable annual growth rate of 21.58%. The rapid broadening of e-commerce platforms is creating the need for efficient and timely delivery systems, thereby driving the demand for various types of trucks, especially light and medium-duty vehicles. As online retailers are expanding their product offerings and reach across the country, logistics providers are investing in larger and more reliable truck fleets to ensure last-mile and intercity deliveries. The growing preference for same-day or next-day delivery services is enhancing the importance of trucks in meeting user expectations. Warehousing and distribution centers are also expanding in response to higher e-commerce activity, requiring regular movement of goods using trucks. In addition, businesses offering temperature-sensitive or bulky goods depend on specialized trucks to maintain product quality during transport. As digital shopping trends continue to rise, the logistics infrastructure adapts by upgrading and expanding truck fleets to meet delivery volumes and timelines.

Saudi Arabia Truck Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on vehicle type, tonnage capacity, fuel type, and application.

Vehicle Type Insights:

• Heavy Duty Truck
• Medium Duty Truck
• Light Duty Truck

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes heavy duty truck, medium duty truck, and light duty truck.

Tonnage Capacity Insights:

• 3.5 – 7.5 Tons
• 7.5 – 16 Tons
• 16 – 30 Tons
• Above 30 Tons

A detailed breakup and analysis of the market based on the tonnage capacity have also been provided in the report. This includes 3.5 – 7.5 tons, 7.5 – 16 tons, 16 – 30 tons, and above 30 tons.

Fuel Type Insights:

• Diesel
• Petrol
• CNG & LNG

The report has provided a detailed breakup and analysis of the market based on the fuel type. This includes diesel, petrol, and CNG & LNG.

Application Insights:

• Construction
• Logistics
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes construction, logistics, and others,

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

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.

Competitive Landscape:

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.

Saudi Arabia Truck Market News:

• In November 2024, Tata Motors introduced its initial Automated Manual Transmission (AMT) truck, the Prima 4440.S AMT, in Saudi Arabia. Constructed on the company's main Prima platform, the truck aimed to merge driver comfort, fuel efficiency, and dependable performance. It boasted a strong drivetrain, resilient parts, and a cozy interior to improve efficiency and profitability for clients.
• In July 2024, Petromin Foton revealed the TUNLAND V pickup truck in Saudi Arabia, being the first of its type to utilize a hybrid power system. This represented a major advancement in the realm of commercial and multi-use vehicles. The truck aimed to enhance people's lifestyles by offering a top-tier blend of power, safety, and comfort.

Saudi Arabia Truck Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia truck market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia truck market on the basis of vehicle type?
• What is the breakup of the Saudi Arabia truck market on the basis of tonnage capacity?
• What is the breakup of the Saudi Arabia truck market on the basis of fuel type?
• What is the breakup of the Saudi Arabia truck market on the basis of application?
• What is the breakup of the Saudi Arabia truck market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia truck market? 
• What are the key driving factors and challenges in the Saudi Arabia truck market?
• What is the structure of the Saudi Arabia truck market and who are the key players?
• What is the degree of competition in the Saudi Arabia truck market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia truck market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia truck market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia truck industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.