Saudi Arabia Automotive Aftermarket to Grow with a CAGR of 6.5% through 2030
demand
for vehicle maintenance, and technological advancements in automotive parts and
services. A rise in disposable income and government initiatives to develop
automotive infrastructure also contribute to market growth. Increasing consumer
interest in vehicle customization, enhanced vehicle performance, and the
adoption of sustainable solutions further support market expansion. These
factors are driving the market in the forecast period 2026-2030.
According
to TechSci Research report, “Saudi Arabia Automotive Aftermarket
– By Region, Competition, Forecast and Opportunities, 2020-2030F”,
The Saudi Arabia Automotive Aftermarket was valued at USD 6.7 Billion in 2024
and is expected to reach USD 9.5 Billion by 2030 with a CAGR of 6.5% during the
forecast period. The Saudi Arabia automotive aftermarket market is experiencing
consistent growth, driven by factors like the increasing number of vehicles on
the road and the rising need for vehicle maintenance and repairs. The growing
vehicle fleet directly influences demand for replacement parts and services,
ensuring a continuous need for aftermarket solutions. This trend is further
supported by rising disposable incomes, as consumers are more willing to invest
in vehicle maintenance, upgrades, and customization to enhance performance and
aesthetics. The government's push toward enhancing infrastructure, including EV
adoption initiatives, is also playing a significant role in shaping the market.
Technological
advancements in vehicle parts, such as sensors, smart components, and enhanced
lubricants, are driving the demand for more sophisticated aftermarket products.
Consumers are becoming more aware of the benefits of upgrading their vehicles
with advanced features. The trend toward digitalization is also gaining
momentum, with online platforms emerging for parts trading and service booking.
As more consumers embrace the convenience of e-commerce and on-demand services,
online sales channels are expected to grow in importance in the coming years.
Moreover, the rising popularity of electric vehicles is opening new
opportunities for the aftermarket industry to cater to EV owners with
specialized parts and services. Despite these promising opportunities, the
market faces challenges, including fluctuating prices of raw materials, supply
chain disruptions, and regulatory hurdles related to quality standards and
safety. The competitive landscape is another challenge, as players strive to
differentiate their offerings in a growing market. The need for innovation and
maintaining a high standard of customer service remains crucial for players
seeking to succeed.
Saudi Arabia Automotive Aftermarket Is Segmented By
Vehicle Type, Component, Sales Channel, and By Region.
The Saudi Arabia automotive aftermarket is experiencing a
shift in sales channels, with both online and offline methods playing a crucial
role in the industry. Traditional offline sales channels, including physical
retail stores and workshops, continue to cater to a significant portion of the
market. Consumers still prefer to visit local stores for immediate purchases
and repairs, where they can physically inspect parts and seek personalized
assistance. Offline channels also offer services like tire replacements, body
repairs, and vehicle inspections that are essential for vehicle maintenance.
On
the other hand, online sales channels have been growing steadily, driven by the
convenience and accessibility they offer. Consumers are increasingly turning to
e-commerce platforms for purchasing automotive parts, accessories, and
services, as these platforms allow them to compare prices, read reviews, and
have products delivered to their doorstep. Mobile apps and online platforms for
on-demand services, such as maintenance and repairs, are also gaining
popularity as they offer the convenience of booking services from the comfort
of one's home. The rise of mobile platforms, which offer a range of services
from spare parts to full-service repairs, is making it easier for consumers to
access a wide variety of aftermarket products and services. As internet
penetration and smartphone usage increase, the online segment is expected to
see a further boost. This shift toward online channels will likely lead to a
more efficient distribution of automotive aftermarket products, reaching a
broader consumer base across urban and rural areas.
In 2024, the Eastern region of Saudi Arabia stands out as
the fastest-growing market for the automotive aftermarket. This region benefits
from its proximity to major industrial hubs, such as the oil and petrochemical
industries, leading to a higher concentration of vehicles and an increased
demand for automotive services and parts. The Eastern region’s economic
development and urbanization have also spurred the growth of the automotive
sector, with a growing vehicle fleet needing regular maintenance, repairs, and
upgrades. The Eastern region’s robust infrastructure, including well-developed
road networks and commercial hubs, provides a solid foundation for aftermarket
services. Additionally, the region's rising disposable incomes and consumer
preference for vehicle upgrades and maintenance services contribute to the
sustained demand for automotive aftermarket products. As more consumers in the
Eastern region embrace technological advancements and seek more customized
vehicle options, the aftermarket industry is expected to grow rapidly in this
area. The focus on electric vehicles and other emerging trends also plays a
role in boosting demand, with the Eastern region serving as a key market for
these new solutions.
Major
Market Players Operating in Saudi Arabia Automotive Aftermarket Are:
- Petromin
Corporation
- Aljomaih
Automotive
- Abdul
Latif Jameel Motors
- Al
Rajhi Takaful
- Bahri
& Mazroei Group
- Ceer
Motors
- ACDelco
(General Motors)
- Mann+Hummel
- Bosch
Automotive Aftermarket
- Gulf
Cooperation Council (GCC) Automotive Trading Group
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The Saudi Arabia automotive aftermarket is witnessing
consistent growth, driven by the increasing need for efficient and customized
vehicle solutions. Vehicles are essential for transportation in key sectors
such as retail, logistics, and tourism. As Saudi Arabia continues to modernize
its infrastructure, the demand for advanced automotive parts and services
continues to rise, supporting both personal and commercial vehicles. A growing
emphasis on sustainability and eco-friendly practices has led manufacturers to
introduce products with improved fuel efficiency, reduced emissions, and the
incorporation of electric vehicle (EV) components. These developments, combined
with the growth of e-commerce platforms offering automotive products, are
fueling the expansion of the market", said Mr. Karan Chechi, Research Director, of TechSci Research, a research-based management consulting firm.
“Saudi Arabia Automotive Aftermarket By
Vehicle Type (Two-Wheelers, Commercial Vehicle, Passenger Cars), By Component
(Tires, Body & Mechanical parts, Batteries, Accessories & Vehicle Care
Products, Lubricants), By Sales Channel (Online, Offline), By Region, Competition, Forecast and Opportunities, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Saudi Arabia Automotive Aftermarket.
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