Middle East & Africa Used Car Market Size & Outlook
Middle East & Africa used car market, 2018-2030 (US$M)
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MEA used car market highlights
- The MEA used car market generated a revenue of USD 100,074.7 million in 2024.
- The market is expected to grow at a CAGR of 5.2% from 2025 to 2030.
- In terms of segment, hybrid was the largest revenue generating vehicle type in 2024.
- Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 100,074.7 million |
| Market revenue in 2030 | USD 135,971.4 million |
| Growth rate | 5.2% (CAGR from 2024 to 2030) |
| Largest segment | Hybrid |
| Fastest growing segment | Hybrid |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.3% of the global used car market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 748,776.9 million by 2030.
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Used Car Market Scope
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa used car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.
Hybrid was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Middle East & Africa used car market based on hybrid covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA used car market is expected to gain high traction with 6.9% value CAGR over the forecast period, owing to the greater affordability during the economic uncertainty and digital transformation in the market.
Since in the Middle East region, consumers are drawn towards luxury cars, there is a significant driving trend expected to be seen in the sales of luxury cars in the region. Luxury SUV cars have shown a great upsurge in the last few years in the market and are expected to register 6.6% value growth over the forecast period.
The UAE market has shown great traction for the digitalized retail used car business in the last few years. Furthermore, In the UAE market, organized dealers collaborated with tech disrupters to digitalized their sales channel network.
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Target buyers of Middle East & Africa used car market databook
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa used car market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA used car market size, by country, 2018-2030 (US$M)
Middle East & Africa Used Car Market Share, 2024 & 2030 (US$M)
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