UAE automotive aftermarket is
anticipated to grow at a steady CAGR in the forecast period, 2024-2028.
Increased vehicle production and sales and the growing used car market, coupled
with the increasing number of road accidents and stringent road safety
regulations, are playing a significant role in the growth of the UAE automotive
aftermarket. Also, the rapid adoption of online platforms by the market players
and the use of advanced software and technologies by the service providers to
handle complex technical problems and provide excellent services to customers
are anticipated to create lucrative growth opportunities for the UAE automotive
aftermarket.
Rise In Production and Sales
of Vehicles Drives the Market Growth
Due to the stable fuel prices
and high disposable income, there is high demand for private vehicles among
consumers. In 2020, 158,711 total vehicles were sold in UAE. Rapid
industrialization and urbanization support the development of supportive
transportation infrastructure in the country. The rise in awareness among
consumers about the benefits of regular check-ups and maintenance of vehicles
contributes to market growth. Also, the growing popularity of the used car
market among consumers due to its high affordability over buying new cars is
expected to influence the market demand. Used vehicles are more prone to
getting damaged by part failure or wear or tear of the automotive components
and require automotive aftermarket services. The growing number of retailers
providing automotive aftermarket services to meet the increasing consumer
requirements is expected to accelerate the market demand in the next five
years.
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Increase in Vehicle Safety
Concern Fuels the Market Growth
According to the World Health
Organization, almost two people die every day in UAE due to road accidents. The
rising number of road accidents is leading to the surge in demand for
aftermarket components to replace the components having wear and tear. The
government has implemented strict vehicle safety regulations to combat and
reduce the number of road accidents happening every day. Based on government
regulations, passenger car tires must be sold within two years of their
manufacturing date and should be replaced within five years. The vehicle owners
who cannot adhere to the guidelines are fined heavily, thereby fueling the need
for timely service and maintenance. Lighting, tires, oil, and transmission
fluids, the suspension system should be checked regularly as a part of
preventive maintenance and regular check-up to avoid the occurrence of road
accidents. The growing consumer awareness and vehicle safety concerns are
expected to bolster the demand for UAE automotive aftermarkets over the next
five years.
Emergence of Online Sales
Platform Supports the Market Demand
The high internet penetration
and proliferation of smart devices are accelerating the popularity of the
e-commerce industry in the UAE. Consumers are moving towards increased
convenience and comfort and are availing of the aftermarket services through
the online sales platform. Online shopping provides the flexibility to
customers to compare the products on a single platform, avail of hefty
discounts, and get the products delivered at the doorstep. Customers can get
complete information about the product and services by reading the product
specification and can get help by chatting or calling the customer service
executive. The majority of the retailers are shifting towards the online sales
platform to expand the consumer base and reach remote locations. The market
players' high online sales platform adoption is expected to propel the UAE
automotive aftermarket growth over the next five years.
Market Segmentation
The UAE automotive
aftermarket is segmented into vehicle type, component, service channel, regional
distribution, and company. 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, 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 UAE automotive aftermarket is
studied in major regions namely Dubai, Abu Dhabi, Sharjah, and Rest of the UAE.
Market Players
Robert Bosch GmbH,
Bridgestone Corporation, Denso Sales Middle East & North Africa FZE., AISIN
Middle East, JTEKT Corporation, Hitachi Automotive Systems, Continental AG,
Yokohama Rubber Company, The Goodyear Tire & Rubber Company, ZF
Friedrichshafen AG, are the major market players operating in the UAE automotive
aftermarket.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Units, and CAGR for 2018-2022
and 2023-2028
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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Vehicle Type
Component
Service Channel
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Regional scope
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Dubai, Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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Robert Bosch GmbH, Bridgestone
Corporation, Denso Sales Middle East & North Africa FZE., AISIN Middle
East, JTEKT Corporation, Hitachi Automotive Systems, Continental AG, Yokohama
Rubber Company, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG
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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, UAE automotive
aftermarket has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- UAE Automotive
Aftermarket, By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- UAE Automotive Aftermarket, By Component:
- Tires
- Spark Plugs
- Air Filter
- Fuel Filter
- Brake Pad
- Brake Shoe
- Brake Calliper
- Batteries
- Others
- UAE Automotive Aftermarket, By Application:
- DIFM (Do it for Me)
- DIY (Do it Yourself)
- OE (Delegating to OEM’s)
- UAE Automotive
Aftermarket, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE automotive aftermarket.
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).
UAE automotive aftermarket 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]