Saudi Arabia Car Accessories Market to Grow with a CAGR of 5.40% Globally through to 2028
Rising Vehicle Ownership and Fleet
Expansion, Consumer Desire for Vehicle Customization, Technological
Advancements and Integration and E-commerce Growth and Online Sales Channels
are factors driving the Global Saudi Arabia Car Accessories market in the
forecast period 2024-2028.
According to TechSci Research report, “Global Saudi
Arabia Car Accessories Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Saudi Arabia Car
Accessories Market stood at USD 4 billion in 2022 and is anticipated to grow
with a CAGR of 5.40% in the forecast period, 2024-2028. The passenger car accessories
market is a significant and dynamic segment of the automotive industry. These
accessories are add-ons or enhancements that car owners can purchase to improve
the aesthetics, functionality, comfort, and safety of their vehicles. The
market for passenger car accessories has experienced steady growth over the
years driven by factors such as rising disposable income, increasing vehicle
ownership, and growing consumer preference for personalization and
customization. Consumers are seeking accessories that make their driving
experience more enjoyable and convenient such as entertainment systems, GPS
navigation and seat covers. Additionally, the rise of digital connectivity and
the integration of smartphones with car accessories have further fuelled demand
for tech-savvy accessories like Bluetooth enabled devices, smartphone mounts
and hands-free calling systems. Safety is another crucial factor driving the
growth of this market. With a growing emphasis on road safety car owners are
increasingly investing in safety oriented accessories such as rear view
cameras, parking sensors and dashcams. These accessories help enhance
visibility and reduce the risk of accidents making them popular choices among
consumers. Furthermore, the trend of personalization has played a significant
role in boosting the passenger car accessories market. Consumers today want
their cars to reflect their individuality and lifestyle, leading to a surge in
demand for custom accessories like decorative decals, steering wheel covers and
unique floor mats.
Browse over market data Figures
spread through 180 Pages and an in-depth TOC on "Saudi Arabia Car Accessories Market.”
Saudi Arabia, known for its vast deserts and modern
cities, has seen a remarkable expansion in its automotive sector, making it one
of the largest markets in the Middle East. This growth can be attributed to
various factors, including the country's rising population, increasing
disposable income, and a strong affinity for automobiles. As more Saudi
citizens and residents embrace car ownership, the demand for car accessories
has surged, creating a robust and dynamic market. One of the primary drivers of
the car accessories market in Saudi Arabia is the sheer number of vehicles on
the road. The country has witnessed a significant increase in the ownership of
cars, SUVs, and trucks, driven by economic development and urbanization. As a
result, there is a constant need for accessories that enhance the
functionality, aesthetics, and safety of these vehicles. Safety is a paramount
concern for Saudi Arabian car owners, and this has led to a substantial demand
for safety-oriented accessories. Among the most popular safety accessories are
rearview cameras, parking sensors, and dashcams. These devices not only help
drivers navigate through congested city streets but also provide crucial
evidence in case of accidents or disputes, making them essential additions to
modern vehicles.
Another notable trend in the Saudi car accessories
market is the increasing focus on vehicle customization. Many car owners in the
country seek to personalize their vehicles to stand out and reflect their
unique style. This has led to a growing demand for accessories like custom seat
covers, steering wheel covers, and interior lighting kits. Additionally,
exterior modifications such as body kits, spoilers, and alloy wheels are highly
sought after by enthusiasts looking to give their cars a distinctive appearance.
With the harsh desert climate of Saudi Arabia, protecting the interior of
vehicles from extreme heat and dust is a priority. As a result, sunshades,
window tints, and all-weather floor mats are among the top-selling accessories.
These items not only help maintain the comfort of the interior but also
contribute to the longevity of the vehicle by reducing wear and tear.
Moreover, the demand for technology-driven car
accessories has been steadily increasing. In-car entertainment systems,
navigation devices, and smartphone integration solutions have become must-haves
for many Saudi drivers. With the country's tech-savvy population, the
integration of advanced gadgets and connectivity features has become a key
selling point for both new and used vehicles. The Saudi Arabian government's
focus on road safety and reducing accidents has also played a significant role
in shaping the car accessories market. Legislation requiring the installation
of safety features such as child car seats and fire extinguishers has boosted
the sales of these accessories. Additionally, regulations mandating the use of
hands-free devices while driving have driven the demand for Bluetooth
hands-free kits and phone mounts.
E-commerce has further revolutionized the Saudi car
accessories market. Online platforms and marketplaces have made it easier for
consumers to access a wide range of products and compare prices. This has led
to increased competition among retailers, encouraging them to offer competitive
pricing and a broader selection of accessories. Many consumers now prefer the
convenience of shopping online and having accessories delivered to their
doorstep. Saudi Arabia's growing interest in eco-friendly and sustainable
products has also extended to the car accessories market. There is a rising
demand for accessories that reduce fuel consumption and environmental impact.
Eco-friendly seat covers made from sustainable materials, tire pressure
monitoring systems, and fuel-efficient additives are some examples of
accessories that align with this trend.
Major companies operating in Global Saudi Arabia
Car Accessories Market are:
- 3M
- Poineer Corporation
- Eastman Chemical Company
- CAR MATE MFG. Co., Ltd
- Saint-Gobain Sekurit
- Scorpion Protective Coatings, Inc.
- Avery Dennison Corporation
- Madico Inc.
- Ziebart International Corporation
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“The car
accessories market in Saudi Arabia is thriving, buoyed by a growing automotive
industry and increasing car ownership rates. Safety-focused accessories like
rearview cameras and parking sensors are in high demand, driven by the need for
safer driving in congested urban areas. Customization remains a key trend, with
car owners seeking personalized interior and exterior enhancements. Extreme
weather conditions have boosted sales of sunshades, window tints, and
all-weather floor mats. Additionally, technology-driven accessories, such as
in-car entertainment systems and smartphone integration solutions, are gaining
popularity. The government's focus on road safety and environmental concerns
also play pivotal roles in shaping the market, with regulations mandating
safety features and a growing interest in eco-friendly accessories. Online
retail has made these products more accessible, fueling competition and
consumer choice. The Saudi car accessories market is dynamic and poised for
continued growth.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Saudi
Arabia Car Accessories Market Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Interior, Exterior) By Region, By Competition, 2018-2028”,
has evaluated the future growth potential of Global Saudi Arabia Car
Accessories Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Saudi Arabia Car
Accessories Market.
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