UAE Car Accessories Market to be dominated by Interior Accessories till 2027
Increase in passenger car registration and upsurge in demand
for luxury vehicles are expected to drive the demand for UAE car accessories
market in the forecast period, 2023-2027.
According
to TechSci Research report, “UAE Car Accessories Market By Region, Competition
Forecast & Opportunities, 2027”,
the UAE car accessories market is expected to witness robust growth in the
forecast period, 2023-2027. Car accessories play a crucial role in improving
the vehicle maintenance process and performance. The vehicle owners purchase
different external and internal car accessories such as dash kits, central
locking system window films, chrome accessories, others to enhance the
aesthetic appeal and comfort of the vehicle. Market players are using advanced
technologies to fabricate car accessories, and the digitalization of the sales
channel supports the high market demand.
The
interested customers can avail of loans and other financing options to buy
passenger cars in UAE. Also, the growing popularity of used cars among
consumers due to their low costs is expected to boost the demand for advanced
car accessories to attain higher car performance. Stringent emission
regulations by the leading authorities make automobile manufacturers adopt
lightweight car accessories to increase the fuel-efficiency.
However,
the presence of cheap, low-quality accessories in the market may restrain the
UAE car accessories market demand in the forecast period.
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The
UAE car accessories market is segmented into location, vehicle type, demand category,
sales channel, regional distribution, and competitive landscape.
Based
on location, the market is divided into interior accessories and exterior
accessories. Interior accessories are expected to hold the largest market share
in the forecast period. Interior gadgets include microphones, stereo systems,
MP3 players, and lighting systems to provide fun during long journeys. Seat
coverings are among the most purchased interior car accessory among consumers,
and they are available in different colors and designs in the market. Consumers
prefer to buy anti-theft and security devices such as gear locks, GSM security,
power lock, central lock to ensure the safety of the car and themselves.
Based
on vehicle type, the market is divided into the hatchback, sedan, and SUV/MPV.
The SUV/MPV segment is expected to account for a significant market share in
the forecast period. The high demand for luxury and premium vehicles among the
consumers and the use of SUV/MPV vehicles are sports and leisure activities are
driving the market demand.
Based
on the demand category, the market is divided into OEM and replacement. The
replacement segment is expected to account for significant market share as they
offer lower prices, easy availability, and a wider portfolio of car
accessories. The rise in the expenditure capacity of the consumers enables them
to afford quality car accessories according to their needs and convenience. The
flourishing automotive aftermarket industry is expected to contribute to the
UAE car accessories market growth significantly.
Based
on the sales channel, the market is divided into online and offline. The online
segment is expected to witness the fastest incremental growth due to high
internet penetration and the proliferation of smart devices. Market players are
moving towards an online sales platform to expand their consumer base and reach
remote locations in the country. Consumers have started to buy online as the
market players provide quick home delivery, exchange options, payment
flexibility, and lucrative discounts and offers. The rise in the popularity of
the e-commerce channels and the development of an efficient supply chain by the
market players are expected to fuel the demand for the online segment over the
next five years.
Major
market players operating in the UAE car accessories market are :
·
Al
Taif Car Accessories
·
Car
Mart
·
Delta
Plus
·
Al
Mushrif Auto Accessories
·
Fawaz
Al-Khateeb
·
Directed
Auto
·
Top
Star trading LLC
·
Car
Care Auto Accessories
·
Bab
Al Satwa Car Accessories
·
Galadari
Automobiles Co Ltd LLC
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“High demand for the production and
sales of passenger cars and the ongoing customization trend among the youth
population are the major drivers for the UAE car accessories market. The launch
of advanced electric passenger cars in the market due to growing environmental
concerns and the construction of supportive charging infrastructure is expected
to create lucrative growth opportunities for the UAE car accessories market.
The growing consumer inclination towards luxurious and entertaining driving
experience and the launch of connected car accessories to improve connectivity
is expected to propel the UAE car accessories market growth till 2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“UAE Car Accessories
Market By Location (Interior Accessories, Exterior
Accessories), By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Demand Category
(OEM, Replacement), By Sales Channel (Online, Offline), By Region, Competition
Forecast & Opportunities, 2027”, has evaluated the future
growth potential of UAE 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 UAE car accessories market.
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