Saudi Arabia Automotive Aftermarket By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Medium Commercial Vehicle), By Component (Tires, Body & Mechanical parts, Batteries, Accessories & Vehicle Care Products, Lubricants), By Service Channel (DIFM (Do it for Me), OE (Delegating to OEM’s), DIY (Do it Yourself), By Customer Segment (B2C, B2B), By Product Type (Genuine
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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Saudi Arabia Automotive AfterMarket size
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Saudi Arabia Automotive Aftermarket market value was USD6,490.35 million in 2021 and is slated to grow up to USD9446.95 million in 2027 with a CAGR of 6.43%.
The growth of the Saudi Arabia Automotive Aftermarket in the forecast period is being spurred by the increasing automobile sales at a fast rate, quick technological improvement, and rising use of the vehicle in the transportation and logistics business.
In the context of the report the size of the market includes the revenue earned in a specific year by selling parts, major components, accessories, and consumables which are utilized in the replacement segment and modification of a vehicle.
Increasing Competition from Chinese Players
The Saudi Arabia Automotive Aftermarket is extremely competitive because of the large number of Chinese dealers. Some of the dealerships in the region belong to a diverse local group of companies with a strong market presence. End-consumers tend to be price conscious and lack brand loyalty due to the intense competition. Over the past few years, the entry of Chinese companies and their many new launches have only added to the level of competition. Because of the competitive market, dealers have always needed to concentrate on delivering innovative and affordable products along with coming up with good marketing strategies.
New Product Development
Auto part manufacturers have always been striving in recent years to make improvements in design, materials, texture, appearance, capacity, utility, and overall user satisfaction. Ongoing product innovation supports car makers in staying competitive in the market and increasing gradually. Automotive companies have invested the past five years focusing their research and development on energy-saving technology, reduced-emission products, and electric vehicles, among a number of other aspects. On February 26 in Diriyah, Saudi Arabia, ZF and Mahindra Racing experts worked together on a completely new electric drivetrain. The silicon carbide is used to make the inverter in ZF's Formula E drivetrain. It allows for a substantial gain in efficiency at the same performance level.
Escalating Automotive Aftermarket
Saudi Arabia possesses a hot and dry climate and has witnessed phenomenal growth in road vehicles, with a corresponding massive growth in automobiles on the market, leading to a very bustling market for automobiles and their service parts. The industry has picked up in pace due to the constant demand for repairing batteries, tires, and other parts in commercial and passenger vehicles due to deterioration in the harsh weather. In addition, vehicles ten years and older are projected to comprise 31% of the vehicle fleet in 2020. A current aging vehicle fleet and owners' practice of holding on to their vehicles for a long time during an economy that is tough are projected to fuel demand for automotive parts and services. The embracement of innovations in cars, however, has led to a growing demand for replacement parts at service garages.
Market Segmentation
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The Saudi Arabia Automotive Aftermarket is segmented into vehicle type, by component, by service channel, by customer segment, by product type, and by region. On the basis of vehicle type the market is segmented into passenger car, light commercial vehicle, medium commercial vehicle, heavy commercial vehicle. On the basis of component the market is segmented into tires, batteries, lubricants, body & mechanical parts, accessories & vehicle care products) .On the basis of service channel the market is further segmented into ((DIFM (Do it for Me), DIY (Do it Yourself), OE (Delegating to OEM’s)), on the basis of customer segment into B2B, B2C. On the basis of product type, it is segmented into Genuine Parts, Aftermarket Parts, Counterfeit Parts. On the basis of region, the market is divided into Northern and Central Region, Eastern Region, Western Region, Southern Region.
key players
The Goodyear Tire & Rubber Company,
Robert Bosch GmbH,
3M Company,
Denso Sales Middle East & North Africa FZE.,
Saudi Arabian Oil Co.,
Yokohama Rubber
Company Profiles
|
Attribute |
Details |
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Market size value in 2021 |
USD6,490.35 Million |
|
Revenue Forecast in 2027 |
USD9,446.95 Million |
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Growth Rate |
6.43% |
|
Base Year |
2021 |
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Historical Years |
2017 – 2020 |
|
Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
|
Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Vehicle Type · Component · Service Channel · Customer Segment · Product Type |
|
Regional Scope |
Northern and Central Region, Eastern Region, Western Region, Southern Region. |
|
Key Companies Profiled |
Continental AG, Michelin Group, Bridgestone Corporation, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, Robert Bosch GmbH,3M Company, Denso Sales Middle East & North Africa FZE., Saudi Arabian Oil Co., Yokohama Rubber Company. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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