GCC Automotive Aftermarket Market – Opportunities and Forecast, 2020-2027
The market report firstly enfolds a comprehensive analysis and assessment of the market. The report contains all-inclusive information related to the latest market updates including the emerging trends, market size, share, growth rate, and leading players for the given forecast period. It mainly aims to help the market players in achieving significant profit over the anticipated period.
Leading industry players of the GCC
Automotive Aftermarket Market:
Numerous key players in the GCC
Automotive Aftermarket Market are Delphi Technologies, Goodyear Tire &
Rubber Company, ZF Services Middle East LLC, DENSO Corporation, Federal-Mogul
Corporation, 3M Gulf Ltd, Continental AG, Magneti Marelli S.p.A., Robert Bosch
Middle East FZE, and Cooper Tire & Rubber Company, among others.
Key Drivers of the GCC Automotive
Aftermarket Market:
The significant factors responsible for the
growth of the GCC Automotive Aftermarket
market size include localized production of OEMs, strogn demand for spare
parts for vehicle modification, growing number of investment in new
distribution channels, and continuous expansion of the second hand auto spare
part market. Moreover, the numerous upcoming events in GCC, such as Dubai Expo
2020 and FIFA 2022 in Qatar, are further surging the market growth. Government
initiatives including Saudi Arabia Vision 2030, UAE Vision 2030, and
development of smart cities in the GCC region, followed by the increasing number
of infrastructure projects such as Red Sea project, Smart Dubai, and other
projects are rising the demand of the market.
GCC countries such as UAE and Saudi Arabia
are supporting the adoption of autonomous vehicles and electric vehicle &
hybrid vehicle, thus the demand for aftermarket components in these countries
will remain high in the coming years. In addition to this, the accelerating demand
for passenger vehicles and the continuous growth of the e-commerce and tourism
sector, particularly in the GCC region, will have a positive impact on the
market.
Segmentation of the GCC Automotive
Aftermarket Market:
This report carefully analyses all segments
of the GCC Automotive Aftermarket Market. The market forecast has also taken
into consideration replacement part, distribution channel, service channel,
certification, and countries segments of the industry.
GCC Automotive Aftermarket Market by 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
GCC Automotive Aftermarket Market by
Distribution Channel:
·
Retailers
o
Retail Channels
o
OEM Channel
o
Retail Shops Channel
·
Wholesale & Distribution
(W&D)
o
Online and Brick & Motor
Market
GCC Automotive Aftermarket Market by
Service Channel:
·
Do It Yourself (DIY)
·
Do It for Me (DIFM)
·
Original Equipment (OE)
GCC Automotive Aftermarket Market by
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
GCC Automotive
Aftermarket Market by Countries:
·
UAE
·
Saudi Arabia
·
Oman
·
Kuwait
·
Rest of GCC
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Research:
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