Saudi Arabia Automotive Repair and Maintenance Services Market to be dominated by Passenger Car through 2027

Rise in roads safety awareness among consumers and growing automotive industry are expected to drive the demand for Saudi Arabia automotive repair and maintenance services market in the forecast period, 2023-2027.

According to TechSci Research report, “Saudi Arabia Automotive Repair and Maintenance Services Market By Service Type (Repair and Maintenance), By Vehicle Type (Two-Wheeler, Passenger Car, LCV, and M&HCV),By Service Area (Automotive Mechanical and Electrical Parts, Automotive Body Parts, Tire, Paint, Interior Parts, Glass, Others), By Service Provider (Automobile Manufacturers, Franchise General Repairs, Locally Owned Repair Shops), By Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia automotive repair and maintenance services market is expected to grow at an impressive rate in the forecast period, 2023-2027. Increasing demand for pre-owned cars and growing awareness about the importance of the automotive repair and maintenance services market are the primary factors driving the demand for Saudi Arabia automotive repair and maintenance services market. The majority of market players do not offer a complete set of automotive repair and maintenance services, which allows the local market players to invest in the market by providing improved and complete services to customers.

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The Saudi Arabia automotive repair and maintenance services market is segmented into service type, vehicle type, service area, service provider, channel, regional distribution, and company.

Based on vehicle type, the market is divided into two-wheeler, passenger car, LCV, and M&HCV. Passenger cars are expected to account for the largest market share in the forecast period as they are the common mode of transportation in Saudi Arabia. The introduction of electric cars in the market and the increased use of advanced technologies to enhance vehicle performance is expected to bolster the demand for automotive repair and maintenance service for passenger cars.

Based on the service area, the market is divided into automotive mechanical and electrical parts, automotive body parts, tire, paint, interior parts, glass, others. The tire segment is expected to capture the largest market share in the forecast period. Increased automobile sales and the average life of vehicles are accelerating the demand for automotive repair parts and maintenance. The tires experience frequent wear and tear due to long hours of traveling and extreme weather conditions in Saudi Arabia, thereby requiring the need to replace the tires to ensure the smooth functioning of automobiles. Also, market players are offering custom tire repair and maintenance services to customers, which is expected to influence the market demand.

Based on the service provider, the market is divided into automobile manufacturers, franchise general repairs, locally owned repair shops. Automobile manufacturers are expected to hold the dominant market share in five years. The growing focus of manufacturers on vehicle safety and the rise in vehicle ownership is driving the demand for quality original automotive parts. Also, they provide warranty and use advanced raw materials for manufacturing which are some of the other reasons for the high demand for automobile manufacturers for servicing and maintenance.

Based on the channel, the market is bifurcated into online and offline. The offline segment is anticipated to account for significant market share in the next five years.

Major market players operating in Saudi Arabia automotive repair and maintenance services market are:

·         Abdul Latif Jameel IPR Company Limited

·         SMC Auto Service Broker LLC

·         Ezhalha

·         E.A. Juffali & Brothers (Juffali Automotive Company)

·         Al Jazirah Vehicles Agencies Co. Ltd.

·         Petromin Corporation

·         Al Jomaih Group (ACDelco Service Centers)

·         Haji Husein Alireza & Co. Ltd.

·         Mohamed Yousuf Naghi & Brothers Group

·         Aljabr Group

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“Major markets are advised to invest in research and development to find advanced solutions and upgrade the existing techniques and services to capture the largest market share in the forecast period. The adoption of advanced technologies by the market players such as Big Data analytics and automotive diagnostic tools are aiding the service providers in predictive maintenance of vehicles. Also, the advent of augmented reality apps helps analyze the vehicles to understand the difficult repair demand and improve their services. Rapid digital transformation of the automotive industry and availability of reliable and affordable services are expected to propel the Saudi Arabia automotive repair and maintenance services market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Automotive Repair and Maintenance Services Market By Service Type (Repair and Maintenance), By Vehicle Type (Two-Wheeler, Passenger Car, LCV, and M&HCV),By Service Area (Automotive Mechanical and Elect rical Parts, Automotive Body Parts, Tire, Paint, Interior Parts, Glass, Others), By Service Provider (Automobile 3Manufacturers, Franchise General Repairs, Locally Owned Repair Shops), By Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Saudi Arabia automotive repair and maintenance services market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia automotive repair and maintenance services market.

 

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