Oman Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Oman Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, Sport Utility Vehicles & Multi-Purpose Vehicles) and by Vendor Type (Organized and Unorganized). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Oman Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Oman Used Car Market Size

Oman Used Car Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.02 Billion
Market Size (2030) USD 1.24 Billion
CAGR (2025 - 2030) 4.00 %
Market Concentration Medium

Major Players

Oman Used Car Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Oman Used Car Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Oman Used Car Market Analysis

The Oman Used Car Market size is estimated at USD 1.02 billion in 2025, and is expected to reach USD 1.24 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).

Over the long-term forecast period, factors including economical cost and variety in the fleet are expected to boost the used car demand in Oman. Demand for pre-owned cars for family, personal use among residents, and partial economic disruption with the new car segment alongside value-for-money have cumulatively driven the market into immersive growth in Oman.

Moreover, due to increasing digitization and the ability of companies to provide immersive purchase experiences remotely, the used car market is expected to witness significant growth. Furthermore, the rise in value-added service offerings and the variety of finance providers offering credit for used cars will also contribute to the growth of the used car market across Oman. However, higher interest rates may discourage some potential customers, slowing the market's growth.

Factors such as a rise in income levels, increasing demand for luxury cars, shorter car ownership periods, booming import-export, and a growing preference for two-wheeler owners to upgrade to small and compact cars drive the growth of the market. The market for used cars in Oman is continuously expanding.

Oman Used Car Industry Overview

The used car market in Oman exhibits fragmentation, with several prominent players, including KAVAK, Yallamotor, Al Habtoor Motors, OMASCO, Omanicar, and others. These key participants in Oman's used car market are actively implementing various marketing campaigns and employing diverse strategies to gain market share and attract a broader customer base.

Oman Used Car Market Leaders

  1. KAVAK

  2. OTE Group

  3. Opensooq

  4. Yallamotor

  5. *Disclaimer: Major Players sorted in no particular order
Oman Used Car Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Oman Used Car Market News

  • July 2023: Mercedes-Benz Oman introduced a limited-time offer for their certified pre-owned vehicles. The Mercedes-Benz Certified Pre-Owned collection is meticulously curated, featuring top-tier used vehicles selected from the Mercedes-Benz lineup. Each vehicle in this collection meets rigorous technical standards, undergoing a comprehensive 150-point assessment performed by highly skilled technicians. This thorough evaluation encompasses examinations of both the vehicle's external and internal condition, validation of mileage, verification of service history, and on-road performance assessments.
  • October 2022: Mexico's pre-owned car platform, Kavak, announced its plans to invest USD 130 million in the GCC region, including Oman, over the next two years. This investment is aimed at establishing the leading used-car platforms in the Gulf following its merger with regional player Carzaty. Kavak, a prominent Latin American used-car dealership operating in 10 countries, such as Mexico, Brazil, Argentina, and Turkey, will initiate its GCC expansion by commencing operations in the UAE and Oman. The subsequent phases will involve extending its presence to Saudi Arabia. The planned used-car operation by Kavak in the Gulf is set to have a workforce exceeding 1,000 employees and will boast the largest vehicle reconditioning centers across the GCC.

Oman Used Car Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 High Cost Associated With the New Cars and Affordability Concerns Drive the Market
    • 4.1.2 Others
  • 4.2 Market Restraints
    • 4.2.1 Stringent Governmental Regulations and Import Taxes Restrict the Market Growth
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value - USD Billion)

  • 5.1 By Vehicle Type
    • 5.1.1 Hatchbacks
    • 5.1.2 Sedan
    • 5.1.3 Sports Utility Vehicles and Multi-Purpose Vehicles
  • 5.2 By Vendor
    • 5.2.1 Organized
    • 5.2.2 Unorganized

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 YallaMotors.com
    • 6.2.2 Omanicar
    • 6.2.3 OpenSooq
    • 6.2.4 Kavak
    • 6.2.5 Best Cars
    • 6.2.6 OTE Group
    • 6.2.7 Dubizzle Group
    • 6.2.8 Volkswagen Certified Used Cars

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Oman Used Car Industry Segmentation

A used car, a pre-owned vehicle, or a second-hand car is a vehicle that has previously had one or more retail owners. On the other hand, a certified pre-owned (CPO) vehicle is a pre-owned vehicle that has been extensively inspected (pre-purchase inspection) and expertly reconditioned. The term ''used'' refers to the fact that the car has been driven and may have accumulated some wear and tear over its lifetime.

The scope of Oman's used car market is segmented by vehicle type and vendor type. By vehicle type, the market is segmented into hatchbacks, sedans, sport utility vehicles, and multi-purpose vehicles. By vendor type, the market is segmented into organized and unorganized.

For each segment, market sizing and forecast have been done on the basis of value (USD).

By Vehicle Type Hatchbacks
Sedan
Sports Utility Vehicles and Multi-Purpose Vehicles
By Vendor Organized
Unorganized
Need A Different Region or Segment?
Customize Now

Oman Used Car Market Research Faqs

How big is the Oman Used Car Market?

The Oman Used Car Market size is expected to reach USD 1.02 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 1.24 billion by 2030.

What is the current Oman Used Car Market size?

In 2025, the Oman Used Car Market size is expected to reach USD 1.02 billion.

Who are the key players in Oman Used Car Market?

KAVAK, OTE Group, Opensooq and Yallamotor are the major companies operating in the Oman Used Car Market.

What years does this Oman Used Car Market cover, and what was the market size in 2024?

In 2024, the Oman Used Car Market size was estimated at USD 0.98 billion. The report covers the Oman Used Car Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Oman Used Car Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oman Used Car Industry Report

Statistics for the 2025 Oman Used Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oman Used Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.