Middle East Automotive Aftermarket is
anticipated to grow at impressive rate through the study period, poised by harsh
climatic condition of country in the region which decreases the life of
automotive spare parts such as air filter, oil filter, battery, alternator,
braking, transmission system etc. Moreover, the increasing vehicle fleet size
is another major contributing factor for the growing demand for automotive
aftermarket components.
Demand for Vehicle Customization Fueling the
Growth
Over the years, demand for spare
parts has increased, as customers have increasingly started to make performance
modifications in their vehicles by customizing and enhancing their vehicles'
aesthetics. The demand for vehicle modifications has risen in recent years,
especially among the youth population owing to factors such as adding torque to
the engine or enhancing the horsepower, window tinting to filter out harsh
light, bumpers upgrade, led lighting modifications to change cabin and dash
lighting to different hues, etc. The growing trend of vehicle customization in
Middle East & Africa is boosting the demand for automotive aftermarket
components.
Harsh Climate Leading to
Increased Replacement Ratio
The climatic conditions of territories
present in Middle East & Africa are harsh during the summer season.
Moreover, the region is characterized by high sand cover. The region's sandy
areas lack vegetation cover, resulting in the soil loosening and increasing
sandstorm activities, which also contributes to the increased temperature
during summer. Hence, the air conditioners of vehicles are mostly turned on
throughout the drive. The continual usage of air conditioners decreases the
life of air conditioners and their components, increasing the frequency of the
auto parts replacement. Moreover, owing to sandstorms, filter components such
as air filters and oil filters are changed frequently. The harsh climatic
conditions have led to an increase in the frequency of replacement of
automotive components, thereby driving the Middle East & Africa automotive
aftermarket.
Middle East Automotive Aftermarket is split
based on vehicle type, by component, by service channel, by customer segment,
by product type, and by country. On the basis of vehicle type the market is
segmented into passenger car, light commercial vehicle, medium commercial
vehicle, heavy commercial vehicle. Passenger car segment is forecast to lead
the market through the forecast period. The significant market share of the
passenger cars is owing to their colossal fleet, growing working population
utilizing their vehicles for office commuting, expanding car rental industry to
cater to the flourishing tourism industry, greater fuel efficiency, good
maneuverability, etc.
Market Segmentation
In terms of component, tires segment led the
market due to the factors like increasing safety concerns, growing utilization
of passenger cars due to the increasing number of female drivers after the
removal of the ban on women driving, growing urbanization and living standards,
etc. The tire segment is followed by body & mechanical parts segment, as
majority of vehicle components such as brakes pads, automotive filters,
radiators, front steering, suspension, axles, muffler, catalytic convertor
falls in body & mechanical parts segment that are getting replaced in the
aftermarket.
For individual study of automotive aftermarket
of countries present in Middle East & Africa:
UAE
Automotive Aftermarket
Egypt
Automotive Aftermarket
Saudi
Arabia Automotive Aftermarket