GCC Automotive Aftermarket GCC Automotivem

GCC Automotive Aftermarket

GCC Automotive Aftermarket is forecast to witness a CAGR
between 4-7% over the forecast period, owing to the advent of 3D printing in
the automotive aftermarket and the surging demand for hybrid and electric
vehicles.

Automotive aftermarket in GCC is
expected to experience a smooth growth curve over the forecast period, owing to
the accelerating per-capita income across UAE and Saudi Arabia which has
bolstered the sales of passenger cars. Saudi Arabia accounted for 57.9 percent
and UAE for 20.2 percent total vehicles sold in 2021 across the GCC region.
Other factors which include growing emphasis on tourism activities,
infrastructural developments, and demand for spare parts will further augment
the market size. Besides, the growing emphasis on encouraging the adoption of
autonomous vehicles and environment-friendly technologies such as hybrid
vehicles across the gulf regions will drive the market size. For example, the
UAE government emphasizes on reducing the emissions from road transport to make
the region an ideal location for green mobility solutions.

By vehicle type, passenger vehicles are anticipated to
expand at the highest rate over the forecast period. Accelerating disposable
income of the consumers across the region has bolstered the sales of new
vehicles, thereby fueling the market size.

By countries, the UAE is predicted to lead the overall
market over the forecast period owing to the growing penetration of online
platforms. Also, accelerating sales of car in the UAE region and growing
concern towards vehicle safety will propel the market size.

Leading players operating in the GCC
Automotive Aftermarket market include Corporation, Continental Almutlak, Toyota
Motor, DENSO Corporation, Michelin, Delphi Technologies, ACDelco (General
Motors), Robert Bosch, FZE, GoodYear, Nissan Motor Co., Ltd. and (Motorcraft)
Ford Motor Company, among others.

Key Developments:

In 2021, Nissan KSA launched an online service in their
mission to integrate digitalization across their operations, offering customers
with the convenience of booking their car servicing needs online.

In 2020, Continental innovated an automotive aftermarket web
portal for users across the globe. The company collects information about its
product and service portfolio for the automotive aftermarket in a new online
portal to expand the automotive aftermarket in Saudi Arabia, which has pushed
online sales.

GCC Automotive Aftermarket Segmentation:

GCC
Automotive Aftermarket by Replacement Part

·        
Tire

·        
Battery

·        
Brake parts

·        
Filters

o  
Air Filter

o  
Oil Filter

o  
Others

·        
Lighting components

·        
Electronic components

·        
Lubricants

·        
Clutch Parts

·        
Engine Component

o  
Timing Belt

o  
Spark Plugs

o  
Others

·        
Others

GCC
Automotive Aftermarket Market by Distribution Channel

·        
Passenger Vehicles

·        
Commercial Vehicles

GCC
Automotive Aftermarket Market by Countries

·        
UAE Automotive Aftermarket Market All-Up

·        
Saudi Arabia Automotive Aftermarket Market
All-Up

·        
Oman Automotive Aftermarket Market All-Up

·        
Kuwait Automotive Aftermarket Market All-Up

·        
Rest of GCC Automotive Aftermarket Market All-Up

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