UAE Automotive Aftermarket Market – Opportunities and Forecast, 2020-2027
The market report aims to provide an
overview of the industry through detailed market segmentation. Moreover, the
report also offers thorough information regarding the overview and scope of the
market, along with the key drivers, restraints, and emerging trends in the
market. It is designed to include both quantitative and qualitative aspects of
the industry for each region and country participating in the study.
Key Players in the UAE Automotive
Aftermarket Market include:
Continental ME, 3M UAE, Delphi
Technologies, DENSO Corporation, Magneti Marelli S.p.A., Federal-Mogul
Corporation, Cooper Tire & Rubber Company, Robert Bosch Middle East FZE, ZF
Services Middle East LLC, Goodyear Middle East FZE, among others.
Key Drivers of the UAE Automotive Aftermarket
Market:
The key factors responsible for the growth
of the UAE automotive aftermarket market
include the localized production of parts by the OEMs, growing investment in
new distribution channels, rising demand for spare parts for vehicle modification,
and the increasing second-hand auto spare part markets. The emerging growth in
the UAE economy, growing household spending, and easy vehicle financing in the
country is one of the factors surging the growth of the automotive industry in
the country in the upcoming years. The growing population of the country,
increasing GDP per capita, followed by rapid infrastructure development to host
Expo 2020, will further propel the demand in the automotive sector, which will
accelerate the growth of the UAE automotive aftermarket market size.
Rising disposable income in the country
will motivate the consumers to upgrade their new car models frequently, coupled
with the growing demand for high specifications include locks and mirrors,
electric windows, improved engine power, and other luxury equipment and
devices, are some other driver that are projected to fuel the growth of the
market. Modern road infrastructure in the UAE and reduced fuel cost also make
it an attractive market for the automotive sector. Major automotive companies
are aiming to establish regional hubs in UAE, which will further surge the
growth of the UAEs automotive aftermarket. On the other edge of the spectrum,
the counterfeiting of auto components is hampering the market growth.
Segmentation of the UAE Automotive
Aftermarket Market:
The market report offers future growth
drivers and competitive landscape. This will be beneficial for buyers of the
market report to gain a clear view of the important growth and subsequent
market strategy.
On the basis of Replacement Part:
·
Tire
o
Basic Part
o
Performance Part
·
Battery
o
Basic Part
o
Performance Part
·
Brake parts
o
Basic Part
o
Performance Part
·
Filters
o
Basic Part
o
Performance Part
·
Body parts
o
Basic Part
o
Performance Part
·
Lighting & electronic
components
o
Basic Part
o
Performance Part
·
Wheels
o
Basic Part
o
Performance Part
·
Exhaust components
o
Basic Part
o
Performance Part
·
Turbochargers
o
Basic Part
o
Performance Part
·
Others
o
Basic Part
o
Performance Part
On the basis of Distribution Channel:
·
Retailers
·
Wholesale & Dstribution
(W&D)
On the basis of Service Channel:
·
Do It Yourself (DIY)
·
Do It for Me (DIFM)
·
Original Equipment (OE)
On the basis of Certification:
·
Genuine Parts
o
Manufacturing Type
§ Newly Manufactured
§ Remanufactured
§ Rebuilt
§ Reused
o
Source Type
§ OEM Authorized Repair Shops
§ Car Maker Repair Shops
§ Independent Repair Shops
·
Certified Parts
o
Manufacturing Type
§ Newly Manufactured
§ Remanufactured
§ Rebuilt
§ Reused
o
Source Type
§ OEM Authorized Repair Shops
§ Car Maker Repair Shops
§ Independent Repair Shops
·
Uncertified Parts
o
Manufacturing Type
§ Newly Manufactured
§ Remanufactured
§ Rebuilt
§ Reused
o
Source Type
§ OEM Authorized Repair Shops
§ Car Maker Repair Shops
§ Independent Repair Shops
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