Saudi Arabia Automotive Repair and Maintenance Services Market to Grow with a CAGR of 7.28% in Saudi Arabia through to 2028
The nation's expanding
vehicle demand, driven by a growing population and economic activities, leading
to an increased need for routine servicing and maintenance are the factors
driving market in the forecast period 2024-2028
According to
TechSci Research report, “Saudi Arabia Automotive Repair and Maintenance
Services Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Saudi Arabia Automotive Repair and Maintenance
Services Market stood at USD 1.41 Billion in 2022 and is anticipated to grow
with a CAGR of 7.28% in the forecast period, 2023-2028.
The
Saudi Arabia Automotive Repair and Maintenance Services Market is a dynamic and
integral component of the nation's automotive industry. With a diverse and
extensive vehicle parc that encompasses passenger cars, commercial fleets, and
two-wheelers, this market plays a pivotal role in ensuring the reliability,
safety, and longevity of vehicles on Saudi Arabian roads.
One
of the defining characteristics of the Saudi Arabian market is the challenging
desert climate, which subjects vehicles to extreme temperatures and sandstorms.
These conditions necessitate frequent and specialized maintenance, making
repair and maintenance services vital for vehicle owners. Routine check-ups,
oil changes, brake inspections, and bodywork are all essential to ensure
vehicles withstand the harsh environment.
The
market is further driven by the ongoing expansion and modernization of the
nation's road infrastructure. As Saudi Arabia invests in new highways and
transport networks, the increased road usage and long-distance travel create
additional wear and tear on vehicles, boosting the demand for maintenance and
repair services.
In
addition to individual vehicle owners, the logistics and transportation sector
contributes significantly to the demand for maintenance services. Commercial
vehicles, including trucks, vans, and heavy-duty vehicles, rely on dependable
maintenance to ensure their operational efficiency and safety.
The
Saudi Arabia Automotive Repair and Maintenance Services Market is characterized
by a mix of service providers, including authorized service centres operated by
automobile manufacturers, franchise general repair shops, and locally owned
repair shops. Vehicle owners have the flexibility to choose service providers
based on factors like the age of their vehicle, warranty status, budget, and
personal preferences.
As
Saudi Arabia continues to invest in its automotive infrastructure and promote
safety and environmental regulations, the market is expected to experience
ongoing growth and development. It serves as a crucial part of the nation's
automotive ecosystem, supporting the longevity of vehicles, safety on the
roads, and the broader economic activities related to transportation and
logistics.
Browse over 26
market data Figures spread through 91 Pages and an in-depth TOC on
" Saudi Arabia Automotive Repair and Maintenance Services Market.”
The Central
Region, with Riyadh as its capital, is a pivotal area for the automotive repair
and maintenance market. It stands as the nation's economic and administrative
center, boasting a high population density and significant economic activities.
This concentration of people and economic enterprises results in a dense and
diverse mix of vehicles, including passenger cars, light commercial vehicles
(LCVs), and commercial fleets. The Central Region's extreme desert climate
underlines the importance of frequent vehicle upkeep and specialized services.
Moreover, the ongoing infrastructure developments, including the Riyadh Metro
project, are shaping the region's automotive repair and maintenance landscape.
The Eastern
Province, known for its major industrial cities and key ports, plays a crucial
role in the Saudi Arabian automotive repair and maintenance market. Its
industrial activities, particularly the petrochemical sector, contribute to a
substantial demand for repair and maintenance services. The region's proximity
to the Arabian Gulf ensures efficient access to global markets, emphasizing its
significance in the supply chain for automotive components. Additionally,
renewable energy projects, such as wind and solar energy, are becoming more
prevalent in the region, necessitating maintenance services for electric and
hybrid vehicles.
The Western
Region, encompassing cities like Jeddah and Mecca, presents a unique automotive
repair and maintenance landscape. It is characterized by a high concentration
of passenger cars, with tourism and urbanization driving vehicle ownership. The
Western Region is a popular destination for visitors, creating demand for both
personal and commercial vehicles. Moreover, the emergence of electric vehicle
adoption and the presence of franchise and independent repair shops cater to
the evolving needs of a diverse customer base. Infrastructure developments,
including charging stations and urban planning, reflect the region's commitment
to accommodating various transportation modes.
The Southern
Region's rugged terrain and substantial agricultural activities influence its
demand for automotive repair and maintenance services. Off-road vehicles, heavy
machinery, and trucks play a critical role in agriculture and mining
operations. These specialized vehicles require reliable repair and maintenance
services to ensure their durability and performance. Additionally, the Southern
Region contributes to the energy sector through renewable energy projects and
energy storage solutions, highlighting the region's need for maintenance
services, including batteries.
In conclusion,
regional insights provide a comprehensive view of the Saudi Arabia Automotive
Repair and Maintenance Services Market. These insights consider the economic
activities, infrastructure developments, and the unique demands of each region,
illustrating the diversity and complexity of the market's dynamics. Each region
has its significance in shaping the nation's automotive repair and maintenance
landscape, reflecting Saudi Arabia's rich and evolving automotive industry.
Major companies
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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“The Saudi
Arabia Automotive Repair and Maintenance Services Market is an essential and
dynamic sector within the nation's automotive industry. Its growth is closely
tied to factors like climate, infrastructure development, and the expanding
vehicle parc. This market's adaptability, innovation, and commitment to
environmental and safety standards reflect its pivotal role in supporting
vehicle reliability and safety on Saudi Arabian roads” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Saudi Arabia Automotive Repair and Maintenance Services Market
Segmented By Service Type (Repair and Maintenance), By Vehicle Type
(Two-Wheeler, Passenger Car, LCV, and M&HCV), By Service Provider
(Automobile Manufacturers, Franchise General Repairs, Locally Owned Repair
Shops), Regional, Competition, Forecast & Opportunities, 2018-2028”, 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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