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GCC passenger car market is projected to grow at a CAGR of 8.73%, in value terms, during the forecast period and is anticipated to reach USD46.13 billion by 2026

GCC passenger car market is projected to grow at a CAGR of 8.73%, in value terms, during the forecast period and is anticipated to reach USD46.13 billion by 2026
The GCC passenger car market is driven by the increasing service sector, growing non-oil economy and rising disposable income of the people in the region, especially, in the United Arab Emirates and Kingdom of Saudi Arabia.
April 29, 2021 08:44 ET
| Source:
ReportLinker
ReportLinker
Lyon, FRANCE
New York, April 29, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report GCC Passenger Car Market, By Vehicle Type, By Fuel Type, By Transmission Type, By End User, By Country, Competition, Forecast & Opportunities, 2026 - https://www.reportlinker.com/p06067200/?utm source=GNW ....

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Auto-restoration Materials Market: World Revenue Growth 2021–2028 | Dow Chemical Company, Bayer Material Science, High Impact Technology, LLC, Goodyear Corporate – KSU

Auto-restoration Materials Market: World Revenue Growth 2021–2028 | Dow Chemical Company, Bayer Material Science, High Impact Technology, LLC, Goodyear Corporate – KSU
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GCC passenger car market to grow at 6.68pc CAGR

GCC passenger car market to grow at 6.68pc CAGR
DUBAI, 4 hours, 46 minutes
ago
GCC passenger car market, valued $26.23 billion in 2020, is projected to grow at CAGR of 8.73% in the next five years to reach $46.12 billion until 2026, according to TechSci Research report.

Growing disposable income, expanding road infrastructure coupled with lower cost of the fuel are the primary factors for the growth of the passenger car market in GCC.

In 2017, the ban on women driving was lifted in the Kingdom of Saudi Arabia and since then there is an increase in women drivers and hence the demand is witnessed to increase from this segment and is susceptible to propel the market in the forecast period as well. ....

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Renault to sell $1.4 billion Daimler stake to reduce debt

Renault to sell $1.4 billion Daimler stake to reduce debt
PUBLISHED BY
Groupe Renault announced Thursday it would sell its 16.45 million stake in Germany’s
Daimler AG in order to secure funds for its turnaround efforts after a record annual loss.
In an official statement issued late last night, the Renault Groupe said: “Renault SA announces today that it intends to sell its entire stake in Daimler A.G (i.e. 16,448,378 shares, representing 1.54% of the share capital of Daimler) through a placement to qualified investors, as defined in Article 2 point (e) of Regulation (EU) 2017/1129 as amended, by way of an accelerated bookbuilding process.” ....

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Fuel Cell Vehicle Market Growing Massively by 2021-2025 Major Players: Ceramic Fuel Cells Ltd., Toyota Motor Corporation, BIC Consumer Products – KSU

Fuel Cell Vehicle
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