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.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Vehicle Type

·         Component

·         Service Channel

Regional scope

Northern & Central, Southern, Eastern, Western

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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).

Saudi Arabia spare parts market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Saudi Arabia Spare Parts Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Saudi Arabia Spare Parts Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value and Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Cars, Commercial Vehicles)

6.2.2.     By Component (Tires, Spark Plugs, Air Filter, Fuel Filter, Brake Pad, Brake Shoe, Brake Calliper, Batteries, Others)

6.2.3.     By Service Channel (DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM’s))

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map (By Component, By Region)

7.    Saudi Arabia Passenger Car Spare Part Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value and Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (Hatchback, Sedan, SUV/MPV)

7.2.2.     By Component

7.2.3.     By Service Channel

8.    Saudi Arabia Commercial Vehicle Spare Part Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value and Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Bus, Truck)

8.2.2.     By Component

8.2.3.     By Service Channel

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends and Developments

11.  Policy and Regulatory Landscape

12.  Saudi Arabia Economic Profile

13.  Competitive Landscape

13.1.              Company Profiles (Partial List of Leading Companies)

13.1.1.  Goodyear Middle East

13.1.2.  Robert Bosch GmbH

13.1.3.  Bridgestone Corp.

13.1.4.  Yokohama Rubber Company Limited

13.1.5.  Schaeffler Technologies AG & Co.

13.1.6.  Exide Industries Limited

13.1.7.  Continental AG

13.1.8.  Hyundai Mobis

13.1.9.  Denso Corporation

13.1.10.                BorgWarner Inc.

 14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]