Saudi Arabia Auto Parts and Accessories Market Growth, Size, Trends, Share and Future Outlook: SPER Market Research

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Published: Mar 2024	Report ID: AMIN2486	Pages: 1 - 102	Formats^*:
Category : Automotive & Transportation

Saudi Arabia Auto Parts and Accessories Market Introduction and Overview

According to SPER Market Research, the Saudi Arabia Auto Parts and Accessories Market is estimated to reach USD XX Billion by 2033 with a CAGR of XX%.

The report includes an in-depth analysis of the Saudi Arabia Auto Parts and Accessories Market, including market size and trends, product mix, applications, and supplier analysis. Auto parts are defined as a component of a vehicle. Automobile parts and components include chassis, bodies, interiors, seating, exteriors, powertrains, electronics, mirrors, closures, roof systems and modules, and so on. In an automobile, all of the elements and components work together to provide the finest driving experience. Auto parts and accessories are classified as interiors and exteriors, driveline and powertrain, electronics, bodies and chassis, seating, lighting, wheels and tyres, and so on.

Market Opportunities and Challenges

Saudi Arabia's vehicle parts and accessories business is a thriving industry, thanks to the country's high level of automotive ownership. The market offers a diverse range of products, including replacement components, performance-enhancing accessories, and cosmetic add-ons. Local and international brands compete in this market, providing consumers with a variety of options for car customisation and maintenance. Economic conditions, shifting customer preferences, and developments in vehicle technology all have an impact on market growth. Furthermore, government rules on vehicle safety and pollution influence the market landscape.

The Saudi Arabia auto parts and accessories market is driven by a number of factors, including the expansion of the automotive sector, increased vehicle ownership, and the demand for maintenance and replacement components. As the country's automotive sector grows, so does demand for various vehicle parts and accessories. The modernization of vehicle fleets, technological improvements, and a growing consumer appetite for vehicle customisation and upgrade all contribute to market growth. Furthermore, the government's measures to promote local manufacture and improve the automotive sector have a substantial impact on the production and supply of auto parts in the country.

The Saudi Arabian auto parts and accessories sector has issues such as counterfeiting, assuring the availability of genuine components, and handling the rising complexity of modern vehicle systems. Meeting consumer needs for price and quality poses continual problems.

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Market Competitive Landscape

The major key players in the Saudi Arabia Auto Parts and Accessories Market are: Al-Futtaim Automotive Group, Aljomaih Automotive Company (AAC), Almajdouie Motors Company LLC, Fawaz Refrigeration & Air Conditioning Co., Gulf Dynamic Switchgear Manufacturing Factory Co. Ltd., Modern Industrial Investment Group (MIIG), SEDCO Holding Group, Storatk Car Care Centre, Windhoek Auto Parts & Accessories Company Ltd., Zawya Motors Co. Ltd., Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Product, By Application
Regions covered	Eastern Region, Northern and Central Region, Southern Region, Western Region
Companies Covered	Al-Futtaim Automotive Group, Aljomaih Automotive Company (AAC), Almajdouie Motors Company LLC, Fawaz Refrigeration & Air Conditioning Co., Gulf Dynamic Switchgear Manufacturing Factory Co. Ltd., Modern Industrial Investment Group (MIIG), SEDCO Holding Group, Storatk Car Care Centre, Windhoek Auto Parts & Accessories Company Ltd., Zawya Motors Co. Ltd., Others

COVID-19 Impact on Saudi Arabia Auto Parts and Accessories Market

The Saudi car parts and accessories sector was disrupted during the COVID-19 epidemic as a result of diminished economic activity, lockdowns, and mobility restrictions. Reduced vehicle usage, delayed maintenance, and postponed vehicle sales all contributed to lower demand for car components and accessories. Both OEM and aftermarket industries were impacted. Supply chain problems also hampered the supply of some parts. However, as economic activity restarted and individuals chose private transportation, the market gradually began to recover, owing to the demand for vehicle maintenance and repair.

Key Target Audience:

Automotive manufacturers
Auto parts and accessories suppliers
Retailers and distributors
Automotive repair and service centers
E-commerce platforms specializing in automotive products
Vehicle owners and enthusiasts
Aftermarket customization shops
Automotive industry associations and organizations
Others

Our in-depth analysis of the Saudi Arabia Auto Parts and Accessories Market includes the following segments:

By Product:	Bodies & Chassis Driveline & Powertrain Electronics Interiors & Exteriors Wheel & Tires
By Application:	Aftermarket OEMs
By Region:	Eastern Region Northern and Central Region Southern Region Western Region

Key Topics Covered in the Report:

Saudi Arabia Auto Parts and Accessories Market Size (FY’2024-FY’2033)
Overview of Saudi Arabia Auto Parts and Accessories Market
Segmentation of Saudi Arabia Auto Parts and Accessories Market By Product (Bodies & Chassis, Driveline & Powertrain, Electronics, Interiors & Exteriors, Wheel & Tires, Others)
Segmentation of Saudi Arabia Auto Parts and Accessories Market By Application (Aftermarket, OEMs)
Statistical Snap of Saudi Arabia Auto Parts and Accessories Market
Expansion Analysis of Saudi Arabia Auto Parts and Accessories Market
Problems and Obstacles in Saudi Arabia Auto Parts and Accessories Market
Competitive Landscape in the Saudi Arabia Auto Parts and Accessories Market
Impact of COVID-19 and Demonetization on Saudi Arabia Auto Parts and Accessories Market
Details on Current Investment in Saudi Arabia Auto Parts and Accessories Market
Competitive Analysis of Saudi Arabia Auto Parts and Accessories Market
Prominent Players in the Saudi Arabia Auto Parts and Accessories Market
SWOT Analysis of Saudi Arabia Auto Parts and Accessories Market
Saudi Arabia Auto Parts and Accessories Market Future Outlook and Projections (FY’2024-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Saudi Arabia Auto Parts and Accessories Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Saudi Arabia Auto Parts and Accessories Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Auto Parts and Accessories Market

7. Saudi Arabia Auto Parts and Accessories Market, By Product (USD Million)

7.1. Saudi Arabia Auto Parts and Accessories Market Value Share and Forecast, By Product, 2024-2033
7.2. Bodies & Chassis
7.3. Driveline & Powertrain
7.4. Electronics
7.5. Interiors & Exteriors
7.6. Wheel & Tires

7.7. Others

8. Saudi Arabia Auto Parts and Accessories Market, By Application (USD Million)

8.1. Saudi Arabia Auto Parts and Accessories Market Value Share and Forecast, By Application, 2024-2033
8.2. Aftermarket
8.3. OEMs

9. Saudi Arabia Auto Parts and Accessories Market Forecast, 2020-2033 (USD Million)

9.1. Saudi Arabia Auto Parts and Accessories Market Size and Market Share

10. Saudi Arabia Auto Parts and Accessories Market, By Product, 2020-2033 (USD Million)

10.1. Saudi Arabia Auto Parts and Accessories Market Size and Market Share By Product (2020-2027)
10.2. Saudi Arabia Auto Parts and Accessories Market Size and Market Share By Product (2028-2033)

11. Saudi Arabia Auto Parts and Accessories Market, By Application, 2020-2033 (USD Million)

11.1. Saudi Arabia Auto Parts and Accessories Market Size and Market Share By Application (2020-2026)
11.2. Saudi Arabia Auto Parts and Accessories Market Size and Market Share By Application (2027-2033)

12. Saudi Arabia Auto Parts and Accessories Market, By Region, 2020-2033 (USD Million)

12.1. Saudi Arabia Auto Parts and Accessories Market Size and Market Share By Region (2020-2026)
12.2. Saudi Arabia Auto Parts and Accessories Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Northern and Central Region
12.5. Southern Region
12.6. Western Region

13. Company Profile

13.1. Al-Futtaim Automotive Group
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Aljomaih Automotive Company (AAC)
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Almajdouie Motors Company LLC
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Fawaz Refrigeration & Air Conditioning Co.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Gulf Dynamic Switchgear Manufacturing Factory Co. Ltd.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Modern Industrial Investment Group (MIIG)
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. SEDCO Holding Group
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Storatk Car Care Centre
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Windhoek Auto Parts & Accessories Company Ltd.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Zawya Motors Co. Ltd.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others

14. List of Abbreviations

15. Reference Links

16. Conclusion

17. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the Saudi Arabia Auto Parts and Accessories Market?

Saudi Arabia Auto Parts and Accessories Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX % during the forecast period.

What is the growth rate of the Saudi Arabia Auto Parts and Accessories Market?

Saudi Arabia Auto Parts and Accessories Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX % during the forecast period.

What is the anticipated CAGR of the Saudi Arabia Auto Parts and Accessories Market?

Saudi Arabia Auto Parts and Accessories Market CAGR of XX % during the forecast period.

How can I get a sample report on the Saudi Arabia Auto Parts and Accessories Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Saudi Arabia Auto Parts and Accessories Market?

Saudi Arabia Auto Parts and Accessories Market size is XX billion from 2024 to 2033.

Which segment is expected to Saudi Arabia Auto Parts and Accessories Market?

Saudi Arabia Auto Parts and Accessories Market Segment is covered By Product, By Application.

Which region is expected to have the highest market share in the Saudi Arabia Auto Parts and Accessories Market?

The Middle East is anticipated to have the highest market share in the Saudi Arabia Auto Parts and Accessories Market.

What is the conclusion of the Saudi Arabia Auto Parts and Accessories Market?

Auto parts and accessories are classified as interiors and exteriors, driveline and powertrain, electronics, bodies and chassis, seating, lighting, wheels and tyres, and so on.

Who are the key players in Saudi Arabia Auto Parts and Accessories Market?

The key players in the market include Companies Covered Al-Futtaim Automotive Group, Aljomaih Automotive Company (AAC), Almajdouie Motors Company LLC, Fawaz Refrigeration & Air Conditioning Co., Gulf Dynamic Switchgear Manufacturing Factory Co. Ltd., Modern Industrial Investment Group (MIIG), SEDCO Holding Group, Storatk Car Care Centre, Windhoek Auto Parts & Accessories Company Ltd., Zawya Motors Co. Ltd., Others.