High Gear: Saudi Arabia Reigns Supreme in the Automotive Industry: Ken Research

  Bp Plc Castrol Emerges as Market Leader with Dominant Market Share, While Shell, ExxonMobil, and Total Energies Show Potential for Leadership Story Outline BP PLC stands out as the market leader in the UK lubricants industry. Shell, although not currently in the leading position, showcases visionary qualities within the industry. BP PLC’s strengths lie in investing in new technologies, building a network of trusted workshops, and on the other hand, Shell’s strengths include its experience in the chemical industry and research into eco-friendly energy substitutes. According to Ken Research, if Shell expands its focus to include diverse lubricant offerings and strengthens its R&D capabilities and geographical presence, it has the potential to challenge and surpass BP PLC in the UK lubricants market in the coming years. BP PLC, a prominent player in the  UK lubricants market , has established itself as a market leader with its strong market presence and recognized brand name. On the

  In recent times, there has been a resurgence in demand for  Saudi Arabia’s used car and after market   segments. Experts project that the used car market is poised for steady growth, with a  CAGR estimated to be around ~4% from 2019 to 2025 . STORY OUTLINE The Covid-19 pandemic caused a significant  decline of ~60% in new car sales  in 2020, leading to a surge in private vehicle ownership and the growth of the affordable used car market. Consumers in Saudi Arabia  prioritize newer models  and reputable brands with strong resale value when purchasing used cars for their commuting and travel needs. The used car industry in Saudi Arabia is experiencing growth , as indicated by the improvement in the used to new car ratio from around  50 in 2014 to around 2 in 2019. Online auto-classified platforms and marketplaces, such as  Yalla, Open Souq, Abdulla Fouad, Motory, and SellAnyCar.com , play a significant role in facilitating used car transactions and driving market expansion. The Covid-1