UAE car accessories market is
anticipated to grow at a robust CAGR in the forecast period, 2024-2028. The key
factors driving the UAE car accessories market are the increased demand and
production of autonomous and connected passenger cars and the growing
popularity of electric vehicles. Also, the ongoing technological advancements
in passenger car accessories and the high demand for installing infotainment
systems are expected to bolster the UAE car accessories market growth over the
next five years.
High Production and Sales of
Passenger Car Drives the Market growth
Rapid urbanization, improved
lifestyle of consumers, and the high per capita income of consumers make them
invest in the purchase of passenger cars. In 2020, 158,711 total vehicles were
sold in UAE, and the growing preference for private vehicle ownership is
expected to influence the sales of passenger cars. Consumers add car
accessories as an additional option to improve the automobile's protection,
comfort, security, and mobility. Car accessories not only improve the aesthetic
appeal of cars, but they also provide the driver with the higher confidence to
drive the vehicle seamlessly. The high sales of passenger cars are fueling the
sales of car accessories. The booming automotive industry is expected to create
lucrative growth opportunities for the UAE car accessories market over the next
five years.
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Advancements in Technology
Boosts the Market Demand
The continuous evolution in
technology along with technological innovations attract customers to invest in
the purchase of car accessories. Advanced car accessories provide a
sophisticated look, comfort, and convenience to the passengers while riding the
automobile. A large variety of car accessories are available in the market, and
sometimes these are made of poor quality. Car accessories manufacturers are
improving the quality of materials used in the manufacturing process to improve
their sales. Manufacturers have started using fuel-efficient and lightweight
materials for manufacturing passenger car accessories. Also, the introduction
of advanced systems such as new lighting systems, dynamic window displays,
biometric entry to cars is expected to act as a positive factor in accelerating
the demand for the UAE car accessories market in the forecast period.
High Installation of
Infotainment System in Passenger Car Supports the Market Growth
The availability of
high-speed internet penetration and the expected roll-out of 5G technology is
strengthening the country's connectivity. Consumers are investing in the
purchase of smart devices fueling the demand for installing infotainment
systems in the passenger car. An infotainment system in a modern vehicle is
equipped with Bluetooth, a CD player, GPS, control panels, a lighter port,
multiple speakers, and a video panel to enhance the driving experience.
Original equipment manufacturers have started providing infotainment systems in
mid and small car segments, which is expected to witness huge demand due to the
high sale of cars in this range. The market players are working on advancing
the infotainment systems to make them compatible with connected and autonomous
vehicles and introducing advanced versions of the infotainment system to
capture customer attention. The growing popularity of infotainment systems
among consumers is expected to foster high market demand.
Market Segmentation
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. Based
on vehicle type, the market is divided into hatchback, sedan, and SUV/MPV. Based
on demand category, the market is divided into OEM and replacement. Based on sales channel, the market is divided
into online and offline. To analyze the market based on the region, the UAE
car accessories market is studied in major regions namely Dubai, Abu Dhabi, Sharjah,
and Rest of the UAE.
Market Players
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, are the major market players operating in the UAE
car accessories market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Location
Vehicle Type
Demand Category
Sales Channel
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Regional scope
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Dubai, Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, UAE car
accessories market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- UAE Car Accessories
Market, By Location:
- Interior Accessories
- Exterior Accessories
- UAE Car Accessories Market, By Vehicle Type:
- UAE Car Accessories Market, By Demand Category:
- UAE Car Accessories Market, By Sales Channel:
- UAE Car Accessories
Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE car accessories market.
Available Customizations:
With the given market data, TechSci Research
offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
UAE car accessories market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]