Saudi Arabia Spare Parts Market By Vehicle Type (Passenger Cars, Commercial Vehicles), By Component (Tires, Spark Plugs, Air Filter, Fuel Filter, Brake Pad, Brake Shoe, Brake Calliper, Batteries, Others), By Service Channel (DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM’s)), By Region, Competition Forecast & Opportunities, 2027

Saudi Arabia spare parts market is anticipated to register robust growth in the forecast period, 2023-2027. Ongoing developments in the automotive industry and the high disposable income of consumers are primarily driving the Saudi Arabia spare parts market. Also, the use of novel and advanced technologies and equipment in the spare part manufacturing process and the growing popularity of the e-commerce industry are the other promising factors expected to influence the market demand in the coming years.

Aging Vehicle Fleet Fuels the Need for Automotive Spare Parts

The citizens of Saudi Arabia are investing in purchasing private vehicles due to their high per capita income and improved living standards in the urban cities. The majority of the automotive market is import-driven, which is one of the leading reasons Saudi Arabia focuses on developing the automotive industry. In Saudi Vision 2030, one of the major aims of the National Industrial Development Center (NIDC)  is to attract 3-4 original equipment manufacturers into the country. The goal is to produce 300,000 vehicles annually, which is a 40% share of the local production of automobiles. Leading authorities provide incentives, tax exemptions, and loans to automotive manufacturers to support the automotive industry. Also, the customer prefers to buy luxury vehicles as they are equipped with the latest equipment and technologies and have longer average vehicles. Fast and aggressive driving and harsh environmental conditions negatively affect automobile functioning. Market players introduce technologically advanced spare parts to improve the efficiency and performance of vehicles. The rise in consumer awareness about vehicle safety and maintenance and the entry of local market players are expected to accelerate the growth of Saudi Arabia spare parts market for the next five years.

Emergence of Online Sales Channel Supports the High Market Demand

The high internet penetration and proliferation of smart devices accelerate the adoption of online sales channels among consumers. The advancements in technology and the improvements in the logistics and transportation industry aids the market players in making quick delivery of products, which is one of the major reasons for their increased popularity of the online sales channel. Consumers have started to buy spare parts from online platforms as it is a highly convenient and comfortable shopping mode. The automotive industry is developing at a rapid pace, and the more advanced versions of existing hybrid and electric vehicles are coming into the market, which is expected to create lucrative growth opportunities for the Saudi Arabia spare parts market. The development of online shopping platforms such as Amazon offers the chance to market players to display their products to a broader audience. The increase in focus of market players to shift to online sales channels and the high demand from consumers to buy through the online platforms are expected to fuel the Saudi Arabia spare parts market growth through the forecast period.

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Market Segmentation

The Saudi Arabia spare parts market is segmented into vehicle type, component, service channel, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. Based on component, the market is divided into tires, spark plugs, air filter, fuel filter, brake pad, brake shoe, brake calliper, batteries, and others. Based on service channel, the market is divided into DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM’s). To analyze the market based on the region, the Saudi Arabia spare parts market is studied in major regions namely north & central region, southern region, western region, and eastern region.

Market Players

Goodyear Middle East, Robert Bosch GmbH, Bridgestone Corp., Yokohama Rubber Company Limited, Schaeffler Technologies AG & Co., Exide Industries Limited, Continental AG, Hyundai Mobis, Denso Corporation, BorgWarner Inc., are the major market players operating in the Saudi Arabia spare parts market.

Report Scope:

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

• Saudi Arabia Spare Parts Market, By Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Saudi Arabia Spare Parts Market, By Component:
• Tires
• Spark Plugs
• Air Filter
• Fuel Filter
• Brake Pad
• Brake Shoe
• Brake Calliper
• Batteries
• Others
• Saudi Arabia Spare Parts Market, By Service Channel:
• DIFM (Do it for Me)
• DIY (Do it Yourself)
• OE (Delegating to OEM’s)
• Above 300 kWh
• Saudi Arabia Spare Parts Market, By Region:
• Northern & Central
• Southern
• Eastern
• Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia 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).

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