UAE Automotive Aftermarket Market to Grow at 3.5% CAGR by 2030

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Saudi Arabia New Energy Vehicle Market, The UAE Automotive Aftermarket Market size was valued at around USD 7 billion in 2024 and is projected to reach USD 8.4 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Saudi Arabia New Energy Vehicle Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 7 billion
CAGR (2025-2030): 3.5%

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UAE Automotive Aftermarket Market Segmentation Breakdown:

The Saudi Arabia New Energy Vehicle Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Product Type

Replacement Parts- Market Size Forecast 2020-2030, (USD Million)
- Mechanical Parts- Market Size Forecast 2020-2030, (USD Million)
- Electrical Parts- Market Size Forecast 2020-2030, (USD Million)
Accessories Customization- Market Size Forecast 2020-2030, (USD Million)
- Interior Accessories- Market Size Forecast 2020-2030, (USD Million)
- Exterior Accessories- Market Size Forecast 2020-2030, (USD Million)
- Tech Accessories- Market Size Forecast 2020-2030, (USD Million)
Tire Wheels- Market Size Forecast 2020-2030, (USD Million)
Maintenance and Service Equipment- Market Size Forecast 2020-2030, (USD Million)

Out of them, the Tire Wheel segment dominates the market. It holds around 40% market share. This is because of extreme climatic situations that increase vehicle wear and tear, leading to an increase in replacement frequency.

By Distribution Channel

Distributers- Market Size Forecast 2020-2030, (USD Million)
Wholesalers- Market Size Forecast 2020-2030, (USD Million)
Retailers- Market Size Forecast 2020-2030, (USD Million)

Retailers dominate the UAE Automotive Aftermarket Market. It holds approx. 60% of the total market value. Their leadership is due to the high availability of physical stores wherein customers can directly access the huge variety of automotive parts and services.

By Service Channel

Do-It-Yourself- Market Size Forecast 2020-2030, (USD Million)
Do-It-For-Me- Market Size Forecast 2020-2030, (USD Million)
OE (Delegating to OEMs)- Market Size Forecast 2020-2030, (USD Million)

By Certification Type

Genuine- Market Size Forecast 2020-2030, (USD Million)
Certified Parts- Market Size Forecast 2020-2030, (USD Million)
Uncertified Parts- Market Size Forecast 2020-2030, (USD Million)

By Vehicle Type

Passenger Vehicles- Market Size Forecast 2020-2030, (USD Million)
- Hatchbacks- Market Size Forecast 2020-2030, (USD Million)
- Sedan- Market Size Forecast 2020-2030, (USD Million)
- SUVs- Market Size Forecast 2020-2030, (USD Million)
- Crossover- Market Size Forecast 2020-2030, (USD Million)
Commercial Vehicles - Market Size Forecast 2020-2030, (USD Million)
Electric Vehicles- Market Size Forecast 2020-2030, (USD Million)
Luxury Sports Vehicles- Market Size Forecast 2020-2030, (USD Million)

Geographical Growth Insights:

By Region

Dubai
Abu Dhabi
Sharjah
Northern Emirates

MarkNtel Advisors Highlights Key Market Drivers for UAE Automotive Aftermarket Market:

Rising Vehicle Ownership – The growth of the automotive aftermarket market is driven by increasing vehicle ownership in the UAE. In 2023, around 259,140 newly registered vehicles were there in the UAE. Vehicle ownership rates are the highest in the region, with Dubai and Abu Dhabi leading in registrations. Also, the high per capita income averaging over USD 45,000 supports this trend as residents invest more in vehicles, including luxury models. The luxury car market also sees tremendous growth, with sales exceeding 80,000 units in 2023. Increasing vehicle ownership, especially for luxury model types, generally raises demand for aftermarket services such as maintenance and parts. Luxury owners seek aftermarket services capable of improving performance and aesthetics. Stringent vehicle inspection laws complemented by harsh climates in the UAE necessitate frequent maintenance, which creates a high demand for aftermarket solutions. The growing vehicle base, including high-end cars, underpins robust aftermarket growth in the UAE.

A Comprehensive Analysis of Leading Companies in UAE Automotive Aftermarket Market

Robert Bosch GmbH
Bridgestone Corporation
Denso Sales Middle East North Africa FZE
AISIN Middle East
JTEKT Corporation
Hitachi Automotive Systems
Continental AG
Yokohama Rubber Company
The Goodyear Tire Rubber Company
ZF Friedrichshafen AG
Others

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UAE Automotive Aftermarket Market Recent Development:

December 2024: AISIN Middle East introduced a new tire brand AITERRA, at Automechanika Dubai 2024, demonstrating its commitment to providing innovative and high-quality solutions for the automotive aftermarket.
November 2023: Goodyear Tire Rubber Companyaccelerates expansion in the UAE with 6 new branded points-of-sale, making a total of 17 branded point-of-sale locations in the UAE.

What are the growth Opportunity driving the UAE Automotive Aftermarket Market?

Movement Towards Green Mobility Offering Lucrative Growth Opportunities – Green mobility is gaining prominence in the UAE Automotive Aftermarket. The increase in consumer consciousness has spearheaded the request for sustainable mobility. By 2050, the UAE expects to achieve 50% Diversification of the energy mix in renewable sources, creating great room for electric and green automotive options. This move is further supported by the Dubai Green Mobility Initiative, which aims to convert 30% of public sector vehicles and 10% of all vehicles into electric by 2030. The cumulative number of battery electric vehicles reported in Dubai during December 2023 stands at 25,929, representing a sharp increase from the 15,100 battery electric vehicles at the end of 2022. The Kingdom wants to have approximately 42,000 electric cars on the road by 2030. The aftermarket sector is addressing this with tires suitable for EVs, customized repair services, and green products like biodegradable oils and green tires.

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