Qatar Used Car Market Growth, Size, Trends, Demand, Revenue, Share and Future Competition
Qatar Used Car Market Size- By Vehicle Type, By Vendor Type, By Fuel Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: AMIN23151 | Pages: 1 - 107 | Formats*: |
| Category : Automotive & Transportation | |||
Qatar Used Car Market Introduction and Overview
According to SPER Market Research, the Qatar Used Car Market is estimated to reach USD 1.21 billion by 2033 with a CAGR of 7.86%.
The report includes an in-depth analysis of the Qatar Used Car Market, including market size and trends, product mix, distribution channels, and supplier analysis. Used or pre-owned cars offer a practical and affordable solution for those seeking dependable mobility without breaking the bank. To satisfy a range of needs and budgets, purchasing a used car offers a selection of brands, models, and pricing points. These used autos are cheaper than new cars since they have already experienced depreciation. Additionally, the used car market offers a wide selection that enables clients to find particular features, fashions, or even vintage models that are no longer produced as new. Even though thorough investigation and inspections are required, buying a used car can be a smart move for those looking for quality, value, and the ability to tailor their ride to their preferences.
- The Qatari authorities fined 36 new and used automobile retailers throughout Qatar for breaking the country's consumer protection laws. The authorities made the choice in response to numerous consumer complaints that these dealerships had to uphold their end of the bargain by delaying the delivery of ordered or reserved cars even if the transactions had already taken place.
- May 2022: As part of their corporate social responsibility during the holy month of Ramadan, Automall, a pre-owned marketplace operated in Qatar by Domasco, provided more than 1,000 iftar meal boxes to those in need. This helped to establish their brand as a society-conscious business.
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Market Opportunities and Challenges
Qatar used car market offers a variety of opportunities and difficulties. Consumers prefer private transportation options to increase their convenience for personal mobility when financial stability increases. However, the rise in new vehicle prices discourages some of these customers from buying brand-new automobiles, which ultimately fuels Qatar's soaring demand for used cars.
Furthermore, the main factors driving the growth of the used car market in Qatar are consumers' growing preference for using private transportation options as a result of rising personal disposable income and GDP per capita, the emergence of online auto marketplaces, and rising new vehicle prices.
The high interest rates on bank loans and the numerous promotion deals on Chinese cars that have entered the Qatari market over the past several years are two of the biggest problems the used car market is currently dealing with. These issues have a detrimental impact on demand for used cars. When compared to auto companies from Europe, Asia, and the US, certain Chinese brands provide warranties of up to seven years, in-house financing alternatives, and lower costs in addition to the more advanced options. After Ramadan, the market for used cars was predicted to fall by 40% in July 2023.
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Market Competitive Landscape
There are numerous used automobile dealerships and online used car marketplaces operating throughout Qatar, which has led to a moderate degree of market fragmentation and competition. Among the leading participants are Qmotor, Yallamotor, Automall Qatar, AutoZ Qatar, Oasis Cars, Dubizzle, and CarSemsar.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Vendor Type, By Fuel Type, By Sales Channel |
| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region |
| Companies Covered | Automall Qatar, AutoZ Qatar, Oasis Cars, Qmotor, Yallamotor, Others |
COVID-19 Impact on Qatar Used Car Market
The used car market in qatar was severely impacted by the COVID-19 outbreak. Sales drastically declined as a result of declining customer confidence and economic instability. The supply of new vehicles was limited by trade restrictions and manufacturing slowdowns, which constrained the supply of secondhand cars. Lockdown and social distance protocols had an impact on dealership operations, which led to an increase in online sales and virtual showrooms.
Key Target Audience
- First time Car Buyers
- Middle Class People
- Budget-Conscious Consumers
- Young Professionals & Students
Our in-depth analysis of the Qatar Used Car Market includes the following segments:
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| By Vendor Type: |
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| By Fuel Type: |
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| By Sales Channel: |
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Key Topics Covered in the Report
- Qatar Used Car Market Size (FY’2023-FY’2033)
- Overview of Qatar Used Car Market
- Segmentation of Qatar Used Car Market By Vehicle Type (Hatchbacks, Sedans, Sports Utility Vehicles/Multi-Purpose Vehicles)
- Segmentation of Qatar Used Car Market By Vendor Type (Organized, Unorganized)
- Segmentation of Qatar Used Car Market By Fuel Type (LPG, CNG, Others)
- Segmentation of Qatar Used Car Market By Sales Channel (Online, Offline)
- Statistical Snap of Qatar Used Car Market
- Expansion Analysis of Qatar Used Car Market
- Problems and Obstacles in Qatar Used Car Market
- Competitive Landscape in the Qatar Used Car Market
- Impact of COVID-19 and Demonetization on Qatar Used Car Market
- Details on Current Investment in Qatar Used Car Market
- Competitive Analysis of Qatar Used Car Market
- Prominent Players in the Qatar Used Car Market
- SWOT Analysis of Qatar Used Car Market
- Qatar Used Car Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Qatar Used Car Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Qatar Used Car Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Qatar Used Car Market
7. Qatar Used Car Market, By Vehicle Type (USD Million)
7.1. Qatar Used Car Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Hatchbacks7.3. Sedans7.4. Sports Utility Vehicles/Multi-Purpose Vehicles
8. Qatar Used Car Market , By Vendor Type, (USD Million)
8.1. Qatar Used Car Market Value Share and Forecast, By Vendor Type, 2023-20338.2. Organized8.3. Unorganized
9. Qatar Used Car Market , By Fuel Type (USD Million)
9.1. Qatar Used Car Market Value Share and Forecast, By Fuel Type, 2023-20339.2. LPG9.3. CNG9.4. Others
10. Qatar Used Car Market , By Sales Channel (USD Million)
10.1. Qatar Used Car Market Value Share and Forecast, By Sales Channel, 2023-203310.2. Online10.3. Offline
11. Qatar Used Car Market Forecast, 2019-2033 (USD Million)
11.1. Qatar Used Car Market Size and Market Share
12. Qatar Used Car Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Qatar Used Car Market Size and Market Share By Vehicle Type (2019-2026)12.2. Qatar Used Car Market Size and Market Share By Vehicle Type (2027-2033)
13. Qatar Used Car Market, By Vendor Type, 2019-2033 (USD Million)
13.1. Qatar Used Car Market Size and Market Share By Vendor Type (2019-2026)13.2. Qatar Used Car Market Size and Market Share By Vendor Type (2027-2033)
14. Qatar Used Car Market, By Fuel Type, 2019-2033 (USD Million)
14.1. Qatar Used Car Market Size and Market Share By Fuel Type (2019-2026)14.2. Qatar Used Car Market Size and Market Share By Fuel Type (2027-2033)
15. Qatar Used Car Market, By Sales Channel, 2019-2033 (USD Million)
15.1. Qatar Used Car Market Size and Market Share By Sales Channel (2019-2026)15.2. Qatar Used Car Market Size and Market Share By Sales Channel (2027-2033)
16. Qatar Used Car Market, By Region, 2019-2033 (USD Million)
16.1. Qatar Used Car Market Size and Market Share By Region (2019-2026)16.2. Qatar Used Car Market Size and Market Share By Region (2027-2033)16.3. Eastern Region16.4. Southern Region16.5. Western Region16.6. Norther Region
17. Company Profile
17.1. Automall Qatar
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. AutoZ Qatar
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Oasis Cars
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Qmotor
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. Yallamotor
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Qatar Used Car Market is projected to reach USD 1.21 billion by 2033, growing at a CAGR of 7.86% during the forecast period.
Qatar Used Car Market grew in market size from 2022. The Market is expected to reach USD 1.21 billion by 2033, at a CAGR of 7.86% during the forecast period.
Qatar Used Car Market CAGR of 7.86% during the forecast period.
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Qatar Used Car Market size is USD 1.21 billion from 2023 to 2033.
Qatar Used Car Market Segment is covered By Vehicle Type, By Vendor Type, By Fuel Type, By Sales Channel.
The Middle East is anticipated to have the highest market share in the Qatar Used Car Market.
The key players in the market include Companies Covered Covered Automall Qatar, AutoZ Qatar, Oasis Cars, Qmotor, Yallamotor, Others.
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