UAE Automotive Aftermarket Market Overview:
The UAE automotive aftermarket market is projected to exhibit a growth rate (CAGR) of 4.20% during 2024-2032. The growth of vehicle ownership, the expanding e-commerce and digital platforms, and emerging market for spare parts, repairs, and accessories represent some of the key factors driving the growth of the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023 |
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
4.20% |
UAE Automotive Aftermarket Market Trends:
Growth of Vehicle Ownership and Green Mobility
The UAE’s automotive aftermarket market is growing rapidly due to the rising vehicle penetration and the average vehicle age. Due to population growth and enhanced economic status, more people are buying cars. Also, the region has extreme weather conditions that decrease the durability of vehicles, thereby increasing the frequency of vehicle maintenance and aftermarket products, which, in turn, is fostering the market growth. Sustainable business practices and alternatives represent the future, and in the automotive sector, the UAE is already ahead by exploring electric vehicles (EVs), autonomous vehicles, and other innovative alternatives. For instance, the country is believed to have the largest number of EV charging stations in the world. These measures are in line with UAE’s Net Zero 2050, which aims to make the UAE the first in the region to be emission free by 2050. In Dubai itself, about 300 green EV charging stations have been set up, in line with Dubai Electricity and Water Authority’s EV Green Charger initiative, to facilitate and encourage the shift to these vehicles. The country has also been exploring hydrogen and semi-autonomous self-driving vehicles. The Dubai Autonomous Transportation Strategy also aims to make 25 per cent of all transportation in Dubai autonomous by 2030. This will reduce transportation and pollution costs while increasing savings and productivity.
Growth of E-Commerce and Digital Platforms
One of the key factors that is attributed to the growth of the automotive aftermarket in the UAE is the increased use of e-commerce and digital platforms. Nearly 70% of dealer service centers and organized independent aftermarket shops now utilize apps, websites, or aggregator platforms to serve customers. With the rise in internet and smartphone usage, consumers can now shop for automotive parts and services through online retail outlets. This digital transformation offers consumers greater convenience and options, leading to a shift in consumer behaviours towards online purchases. E-commerce provides competitive price, detailed product information, and customer reviews that are easily accessible. In addition, improved coordination between digital platforms and express delivery services guarantees the swift and direct delivery of aftermarket products, further boosting market growth in the UAE.
UAE Automotive Aftermarket Market News:
- In May 2024, VinFast Auto officially signed an exclusive dealership agreement with one of the UAE's premier automotive dealerships, Al Tayer Motors, for the distribution of VinFast electric vehicles (EV) in the country.
- In May 2024, UAE China Tyre & Auto Parts Expo 2024 kicks off at Expo Centre Sharjah with over 300 exhibitors.
UAE Automotive Aftermarket Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on replacement parts, certification, and distribution channel.
Replacement Parts Insights:
- Body Parts
- Lighting and Electronic Components
- Filters
- Brake Parts
- Exhaust Components
- Wheels
- Battery
- Others
The report has provided a detailed breakup and analysis of the market based on the replacement parts. This includes body parts, lighting and electronic components, filters, brake parts, exhaust components, wheels, battery, and others.
Certification Insights:
- Genuine Parts
- Uncertified Parts
- Certified Parts
A detailed breakup and analysis of the market based on the certification have also been provided in the report. This includes genuine parts, uncertified parts, and certified parts.
Distribution Channel Insights:
- Distributors
- Wholesalers
- Retailers
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes distributors, wholesalers, and retailers.
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Dubai, Abu Dhabi, Sharjah, and Others
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
UAE Automotive Aftermarket Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
Billion US$ |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Replacement Parts
- Certification
- Distribution Channel
- Region
|
Replacement Parts Covered |
Body Parts, Lighting and Electronic Components, Filters, Brake Parts, Exhaust Components, Wheels, Battery, Others |
Certifications Covered |
Genuine Parts, Uncertified Parts, Certified Parts |
Distribution Channels Covered |
Distributors, Wholesalers, Retailers |
Regions Covered |
Dubai, Abu Dhabi, Sharjah, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UAE automotive aftermarket market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UAE automotive aftermarket market?
- What is the breakup of the UAE automotive aftermarket market on the basis of replacement parts?
- What is the breakup of the UAE automotive aftermarket market on the basis of certification?
- What is the breakup of the UAE automotive aftermarket market on the basis of distribution channel?
- What are the various stages in the value chain of the UAE automotive aftermarket market?
- What are the key driving factors and challenges in the UAE automotive aftermarket?
- What is the structure of the UAE automotive aftermarket market and who are the key players?
- What is the degree of competition in the UAE automotive aftermarket market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UAE automotive aftermarket market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UAE automotive aftermarket market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UAE automotive aftermarket industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.