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Automotive Market in Kuwait

The automotive market in Kuwait is one of the most significant importers of new American automobiles. It is the eighth-largest U.S. export market for cars worldwide. Due to the low cost of fuel and local tastes, there is a high demand for large automobiles such as trucks and SUVs.

Overview
According to a recent report, there was a growth of 21.8% in the automotive market in Kuwait in 2021 after recording a solid performance throughout the year. The country is also known for its large used car market, which also helps increase the demand for spare parts and maintenance services.

In October 2023, the Kuwaiti Vehicles Market grew for the 9th month of the year, with 15,041 new registrations, which is a 35.2% increase from the previous year.

Popular Car Brands
The leader in the market is Toyota, with 35,302 sales, which is above 30.7% market share and reports a 5.1% growth in registrations from 2022. Nissan lags far behind in second, rising one spot with 8,596 sales (+56.5%).

In terms of popular car models, the following are the top ten sought-after cars in Kuwait:
1. Toyota Corolla
2. Toyota Camry
3. Toyota Land Cruiser Prado
4. Mitsubishi Pajero
5. Nissan Altima
6. Nissan Patrol
7. Ford Explorer
8. Chevrolet Tahoe
9. Honda Accord
10. Toyota Land Cruiser

Auto Shows in Kuwait
On September 16 – 21, 2024, the Auto World Show, the first automotive trade show in Kuwait, will be held at Kuwait Fair Ground. The event will showcase the latest trends, innovations, and love for the automotive industry. It will be a world-class celebration of motorsport and automobile culture, a car enthusiast’s paradise.

According to a recent report, the automotive market in Kuwait is expected to grow at a significant CAGR between 2023 and 2030. As the government continues prioritizing the market by encouraging foreign direct investments into the automotive industry, the outlook for automotive market growth in Kuwait remains positive.

Why not take this opportunity to celebrate the growth and transform with a vinyl wrap film? Contact our regional distributor in Kuwait today and participate in the change.

KUWAIT WRAP INSTALLERS

Kuwait City / NANO TECH

Block 3, 29 st, Nanotech building
70073 Kuwait City, Al Asimah
+965 6688-7748