Middle East spare parts market is expected to grow at a steady rate during the forecast period. Increase in the automobile fleet coupled with various ongoing construction and infrastructural development activities to boost the economic structure is the major driver for the forecast period. Surge in demand for vehicle modifications and enhance the automobile performance is fueling the demand for spare parts in Middle East. Removal of ban over the female driving is expected to increase the sales of automobile spare parts. Rising inflation and interest rates are expected to slow down the automobile market growth which in turn is expected to propel the Middle East spare parts market growth. Automobile owners are actively accepting automotive spare parts to enhance the vehicle performance in terms of exhaust sound, speed, appearance, among others as spare parts are cost-effective in nature in comparison to buying new vehicle. Growing demand for automobiles along with adoption of latest technologies such as 3D printing of automotive parts is expected to optimize the production cost of automotive parts thereby accelerate the demand for spare parts in automobiles. Consumers are preferring original parts and are manufactured by original equipment manufacturers and original spare parts have greater quality, performance, easily available and have warranty period which in turn is expected to foster the market growth.

Middle East spare parts market can be segregated into type into vehicle type, component, regional distribution, and company. Based on vehicle type, market can be bifurcated into passenger car and commercial vehicle. The passenger vehicle type segment is expected to account for major market share for the forecast period, 2022-2026. Increasing preference for vehicle ownership and rising disposable income among the consumers is contributing to strengthen the market growth.

The major players operating in the Middle East spare parts market include Robert Bosch GmbH, Bridgestone Corp., Yokohama Rubber Company Limited, Goodyear Tire & Rubber Company, AC Delco, Exide Industries, Schaeffler Technologies AG & Co. KG, Hyundai Mobis, Mitsui, Continental AG. Major companies are developing advanced technologies to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze and forecast the market size of Middle East spare parts market.
  • To classify and forecast Middle East spare parts market based on vehicle type, component, regional distribution, and company.
  • To identify drivers and challenges for Middle East spare parts market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Middle East spare parts market.
  • To identify and analyze the profile of leading players operating in the Middle East spare parts market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated the market size of Middle East spare parts market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Spare part manufacturers, suppliers, distributors, and other stakeholders.

·         Research organizations and consulting companies

·         Trade associations, organizations, forums, and alliances related to spare parts.

·         Government bodies such as regulating authorities and policy makers

·         Industry associations

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Middle East spare parts market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·          Middle East Spare Parts Market, By Vehicle Type:

o    Passenger Car

o    Commercial Vehicle

·         Middle East Spare Parts Market, By Component:

o    Tires

o    Batteries

o    Brake Components

o    Others

·         Middle East Spare Parts Market, By Country:

o    Saudi Arabia

o    United Arab Emirates

o    Kuwait

o    Oman

o    Qatar

    • Bahrain

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Middle East spare parts market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Middle East Spare Parts Market, 2016-2026F

4.    Executive Summary

5.    Voice of Customer

6.    Middle East Spare Parts Market Outlook, 2016-2026F

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car and Commercial Vehicle)

6.2.2.     By Component (Tires, Batteries, Brake Components, Others)

6.2.3.     By Country (Saudi Arabia, United Arab Emirates, Kuwait, Oman, Qatar, Bahrain, Others)

6.2.4.     By Company (2020)

6.3.  Product Market Map Product Market Map (By Battery Type, By Country)

7.    Spain Spare Parts Market Outlook, 2016-2026F

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Component

8.    UAE Spare Parts Market Outlook, 2016-2026F

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Component

9.    Kuwait Spare Parts Market Outlook, 2016-2026F

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Component

10.  Oman Spare Parts Market Outlook, 2016-2026F

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Component

11.  Bahrain Spare Parts Market Outlook, 2016-2026F

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Component

12.  Qatar Spare Parts Market Outlook, 2016-2026F

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Component

13.  Pricing Analysis

14.  Market Dynamics

14.1.              Drivers

14.2.              Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Middle East Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Company Profiles (Top Leading Companies)

18.2.1.   Robert Bosch GmbH

18.2.2.   Bridgestone Corp.

18.2.3.   Yokohama Rubber Company Limited

18.2.4.   Goodyear Tire & Rubber Company

18.2.5.   AC Delco

18.2.6.   Exide Industries

18.2.7.   Schaeffler Technologies AG & Co. KG

18.2.8.   Hyundai Mobis

18.2.9.   Mitsui

18.2.10.                Continental AG

19.  Strategic Recommendations

20. About Us & Disclaimer