Saudi Arabia automotive
repair and maintenance services market is anticipated to register a robust CAGR
during the forecast period, 2023-2027. The emergence of online automotive
service providers and increased sales of passenger vehicles are key factors driving
the demand for Saudi Arabia automotive repair and maintenance services market.
Also, the growing concerns regarding vehicle safety and the ongoing
technological advancements in diagnostics tools and repair and maintenance
services are the other factors expected to accelerate the growth of the Saudi
Arabia automotive repair and maintenance services market through the forecast
period.
Increased sales of Passenger
Car
Drives the Market Growth
The growing expenditure
capacity of consumers and shift in preference for private vehicle ownership are
fueling the sales of passenger vehicles. The time for vehicle ownership is
increasing compared to previous years owing to the use of quality materials and
manufacturing processes used by automobile manufacturers. The extended average
life of vehicles makes the consumers seek automotive repair and maintenance
services. The automotive repair service market stood at USD982.29 million in
2021 in Saudi Arabia. Market players are providing excellent maintenance
services with high flexibility at affordable rates to attain the major market
share and stay ahead. The rise in the number of market players offering quality
services and the high sales of passenger cars is expected to bolster the demand
for Saudi Arabia automotive repair and maintenance services market through the
next five years.
Growing Concerns About
Vehicle Safety Supports the High Market Demand
The Saudi Standards,
Metrology and Quality Organization (SASO) had directed the automobile
manufacturers to follow the strict safety guidelines and measures for the new
cars manufactured from 2017. Road accidents are happening on a large scale
which sometimes results in loss of life. And many times, road accidents occur
due to the breakdown or failure of automotive components, which is one of the
major reasons to accelerate the awareness among the general public regarding
the regular maintenance and repair of automobiles. The service life of
automotive components is highly dependent on usage, and they have a defined
lifespan. The constant change in the driving conditions and extreme weather
conditions frequent the requirements of automotive maintenance and services
over the forecast period. The growing concerns regarding vehicle safety and
increased awareness among consumers about the benefits of regular repair and
maintenance are expected to spur market growth through the next five years.
Emergence of Online Channel
Fuels the Market Growth
Passengers are investing in
convenience and comfort services. With the growing proliferation of smart
devices and penetration of high-speed internet, the demand for online platforms
to avail services is expected to grow at a rapid rate. Consumers can avail of
the services from the comfort of their homes and schedule appointment to avoid
the wastage of time. Market players such as Morni are providing roadside
assistance to customers. They can get quotes for the desired automotive repair
and maintenance services which is attracting a lot of customer attention. The
growing number of market players offering services on online platforms is
expected to create lucrative opportunities for the Saudi automotive repair and
maintenance services market in the next five years.
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Market Segmentation
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 service type, the market is divided into repair and
maintenance. Based on vehicle type, the market is divided into two-wheeler,
passenger car, LCV, and M&HCV. Based on service area, the market is divided
into automotive mechanical and electrical parts, automotive body parts, tire,
paint, interior parts, glass, others. Based on service provider, the market is
divided into automobile manufacturers, franchise general repairs, locally owned
repair shops. Based on
channel, the market is bifurcated into online and offline. To analyze
the market based on the region, the Saudi Arabia automotive repair and
maintenance services market is studied in major regions namely North &
Central region, Southern region, Western region, and Eastern region.
Market Players
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,
are among the major market players operating in the Saudi Arabia automotive
repair and maintenance services market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Service Type
·
Vehicle Type
·
Service Area
·
Service
Provider
·
Channel
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Regional scope
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Northern & Central, Southern, Eastern, Western
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia automotive
repair and maintenance services market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- Saudi Arabia Automotive
Repair and Maintenance Services Market, By Service Type:
- Saudi Arabia Automotive Repair and Maintenance
Services Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- LCV
- M&HCV
- Saudi Arabia Automotive Repair and Maintenance
Services Market, By Service Area:
- Automotive Mechanical and Electrical Parts
- Automotive Body Parts
- Tire
- Paint
- Interior Parts
- Glass
- Others
- Saudi Arabia Automotive Repair and Maintenance
Services Market, By Service Provider:
- Automobile Manufacturers
- Franchise General Repairs
- Locally Owned Repair Shops
- Saudi Arabia Automotive Repair and Maintenance
Services Market, By Channel:
- Saudi Arabia Automotive
Repair and Maintenance Services Market, By Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia automotive repair and
maintenance services 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).
Saudi Arabia automotive repair and
maintenance services market is an upcoming report to be released soon. If you
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please contact us at [email protected]
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