Investment Opportunities in Saudi Arabia Truck Market: Outlook & Projections 2033

Saudi Arabia Truck Market Overview

Market Size in 2024: USD 69.61 Billion

Market Size in 2033: USD 130.80 Billion

Market Growth Rate 2025-2033: 7.26%

According to IMARC Group's latest research publication, "Saudi Arabia Truck Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia truck market size was valued at USD 69.61 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 130.80 Billion by 2033, exhibiting a CAGR of 7.26% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Truck Market

• Autonomous Fleet Management: AI-powered autonomous driving systems and advanced driver assistance technologies are revolutionizing truck operations across major logistics corridors between Riyadh, Jeddah, and Dammam, reducing fuel consumption by 15% and enhancing road safety through predictive collision avoidance systems.
• Predictive Maintenance and Analytics: Machine learning algorithms integrated into truck fleets are enabling predictive maintenance schedules, reducing unexpected breakdowns by 30% and optimizing vehicle uptime for construction and logistics companies operating in Saudi Arabia's expanding industrial zones.
• Smart Route Optimization: AI-driven GPS and traffic management systems are transforming delivery efficiency by analyzing real-time traffic patterns, weather conditions, and road infrastructure data, reducing delivery times by 20% and fuel costs across the Kingdom's extensive highway network.
• Digital Fleet Telematics: Advanced telematics solutions powered by AI are providing fleet managers with real-time insights into driver behavior, vehicle performance, and cargo tracking, improving operational efficiency and compliance with Saudi transport regulations while reducing insurance costs.
• Supply Chain Intelligence: AI-powered demand forecasting and inventory management systems are optimizing truck deployment for e-commerce and construction sectors, reducing empty mile runs by 25% and enhancing the overall logistics efficiency supporting Vision 2030 infrastructure projects.

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Saudi Arabia Truck Market Trends & Drivers:

Saudi Arabia's truck market is experiencing robust growth driven by the government's massive investments in non-oil economy diversification under Vision 2030. The Kingdom's economy expanded by 1.3% in 2024, with non-oil sectors growing by 4.3%, creating substantial demand for trucks across manufacturing, mining, infrastructure, and tourism sectors. The establishment of new industrial zones, economic cities, and logistical hubs is generating unprecedented need for reliable commercial vehicles to transport raw materials, finished goods, and construction equipment. Major infrastructure projects including highways, airports, and entertainment complexes are driving demand for heavy-duty trucks, while public-private partnerships and local manufacturing incentives are attracting multinational truck manufacturers to establish operations in the region.

The rapid expansion of e-commerce is significantly reshaping the truck market landscape, with Saudi Arabia's e-commerce market reaching USD 1.88 Billion in 2024 and projected to grow to USD 10.96 Billion by 2033 at a remarkable CAGR of 21.58%. This explosive growth is creating massive demand for light and medium-duty trucks to support last-mile and intercity deliveries, as online retailers expand their reach across the country. The growing preference for same-day and next-day delivery services is intensifying the importance of efficient truck fleets, while warehousing and distribution centers are expanding rapidly to handle increased e-commerce volumes, requiring regular goods movement using specialized vehicles.

Digital transformation and technological advancement are revolutionizing truck operations through telematics integration, fleet management systems, and intelligent routing solutions. The adoption of advanced vehicle technologies, including electric and hybrid trucks, is gaining momentum as the Kingdom focuses on sustainability goals. Temperature-controlled and specialized trucks are becoming increasingly important for handling sensitive goods in the expanding retail and pharmaceutical sectors, while the construction boom driven by mega-projects like NEOM and the Red Sea Project continues to fuel demand for heavy-duty construction vehicles across all regions.

Saudi Arabia Truck Industry Segmentation:

The report has segmented the market into the following categories:

Vehicle Type Insights:

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

Tonnage Capacity Insights:

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

Fuel Type Insights:

• Diesel
• Petrol
• CNG & LNG

Application Insights:

• Construction
• Logistics
• Others

Breakup by Region:

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

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Recent News and Developments in Saudi Arabia Truck Market

• January 2025: Daimler Truck expanded its Mercedes-Benz truck assembly operations in Jeddah with a new USD 200 million facility, introducing advanced AI-powered quality control systems and increasing local production capacity by 40% to meet growing demand from construction and logistics sectors across the Kingdom.
• March 2025: Volvo Trucks partnered with Saudi Aramco and SABIC to launch the Kingdom's first hydrogen-powered heavy-duty truck pilot program, deploying 25 fuel cell trucks for long-haul transportation between Riyadh and Dammam to support the country's clean energy transition goals.
• April 2025: Scania established a new regional hub in King Abdullah Economic City, investing USD 150 million in digital fleet management services and autonomous truck testing facilities, positioning Saudi Arabia as the company's Middle East innovation center for next-generation commercial vehicles.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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