Dubai Automotive Aftermarket Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033


Dubai Automotive Aftermarket Market Share, Trends, Revenue, Growth Drivers, CAGR Status, Challenges and Future Investment Strategies Till 2033: SPER Market Research

 Published: Dec-2023
 Author: SPER Analyst

UAE Automotive Aftermarket Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of XX%.

The automotive industry sector that encompasses business parts and automotive services is known as the aftermarket. After the original equipment manufacturer (OEM) sells the car to the customer, it deals with the production, remanufacturing, distribution, retailing, and installation of all vehicle parts, equipment, and other accessories. A wide range of car parts, accessories, equipment, and other parts are offered by the automotive aftermarket in varying price points and quality levels.

UAE Automotive Aftermarket Market Driving Factors and Challenges
Over the course of the projection period, the UAE automotive aftermarket is anticipated to expand significantly. The quickly growing car industry and drivers' increased attention to improving their vehicles' speed, look, and exhaust sound performance are the main factors contributing to the market's growth. During the projection period, the UAE automotive aftermarket is expected to develop due to a number of factors, including the emergence of online portals for the distribution of aftermarket components and the migration of firms to digital platforms for vehicle brands to improve customer experience. Increased customer knowledge of part prices and the growing impact of social media on customer research and purchase processes are predicted to support market expansion.

To compete with independent aftermarket businesses, OEMs are also making investments in customer experience optimisation initiatives and launching unique aftermarket offerings. The market is expanding due to rising consumer awareness of car maintenance and repair, as well as an increase in demand for crossover and long-distance automobiles. During the projected period, the UAE automotive aftermarket is also expected to rise due to factors such as increased demand for car customisation and an increase in the need for regular repairs and part replacements.

However, changes in the economy provide a number of issues for the UAE automotive aftermarket, one of which is how consumer purchasing is affected by oil price fluctuations. The market is vulnerable to disruptions in the supply chain and variations in currency due to its reliance on imported car parts. Aftermarket players face compliance issues due to stricter government rules on emissions and car safety standards. The automotive industry's rapid technical growth necessitates ongoing adaptation and training expenditures for repair and maintenance personnel. Furthermore, new approaches to distinction are required due to the intensifying rivalry in the aftermarket industry on a national and international scale. For the UAE's automotive aftermarket industry to continue growing and being competitive, these issues must be resolved.

Impact of COVID-19 on UAE Automotive Aftermarket Market
Due to the COVID-19 epidemic, the automotive and transportation industries are facing unprecedented uncertainty, which has a substantial influence on supply chains and product demand in the automotive aftermarket. A wider decline in the demand for aftermarket products, especially for commercial vehicle parts in the midst of non-essential service shutdowns, has taken precedence over initial worries about disruptions from China. Uncertainties surrounding pandemics may cause changes in consumer purchasing patterns that could limit industry expansion. Extended car ownership is a result of economic swings, and aftermarket players are impacted by a lack of liquidity. Following the pandemic, a greater need for private transportation would raise used car sales and fuel the need for aftermarket auto parts. Entry-level aftermarket companies that cater to a variety of client segment preferences may see a return in developing nations.

UAE Automotive Aftermarket Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AISIN Middle East, Bridgestone Corporation, Continental AG, Denso Sales Middle East & North Africa FZE, Hitachi Automotive Systems, JTEKT Corporation, Robert Bosch GmbH, The Goodyear Tire & Rubber Company, Yokohama Rubber Company, ZF Friedrichshafen AG, Others.

UAE Automotive Aftermarket Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, UAE Automotive Aftermarket Market is segmented as; Commercial Vehicles, Passenger Cars.

By Component: Based on the Component, UAE Automotive Aftermarket Market is segmented as; Air Filter, Batteries, Brake Calliper, Brake Pad, Brake Shoe, Fuel Filter, Spark Plugs, Tires, Others.

By Service Channel: Based on the Service Channel, UAE Automotive Aftermarket Market is segmented as; DIFM (Do it for Me), DIY (Do it Yourself), OE (Delegating to OEM's).

By Certification: Based on the Certification, UAE Automotive Aftermarket Market is segmented as; Certified Parts, Counterfeit Parts, Genuine Parts, Others.

By Region: This research also includes data for Abu Dhabi, Dubai, Sharjah, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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