July 2022 | UAE News
Increased
Awareness on Health and Hygiene: With the
advent of COVID-19, consumers were witnessed to be more concerned on
maintaining personal health and hygiene. Therefore, they are preferring the option
of private transportation rather than availing public transport system. The
change in consumer’s behavior and preference is expected to act as an
opportunity for the four-wheeler aftermarket service industry in UAE. As more
and more consumers prefer availing private transportation medium, the demand
for new cars would surge in the coming years. With the surge in the vehicle
parc, consumers would also require to periodically maintain their vehicle every
as prescribed by the government of UAE, thereby the demand for aftermarket
services would enhance.
Rapid
Urbanization and Fast-Growing Middle Class: Rapid urbanization over the years is contributing to the Growth
of Automotive Industry in UAE, as more and more consumers are migrating
to urban cities, there remains an increased demand for availing private
transportation. Urbanization serves as one of the growth drivers for the
aftermarket service industry as consumers migrate for better payment
opportunity in the cities, it allows them to have the financial means to avail
private transport thereby increasing the prospect of aftermarket services.
Enhancing
Online Ecosystem: Four-Wheeler
Aftermarket service companies in UAE has not been able to adapt to the growing
significance of the online ecosystem over the years. However, the advent of
COVID-19 has changed the perception of consumers towards the utilization of
online space. More consumers are utilizing digital medium for buying and
selling products as well as booking services through online medium. Similarly,
there exist a shift in aftermarket service industry wherein consumers are
preferring to book slots for their vehicle services online. Therefore, the
four-wheeler aftermarket service and spare parts companies are expanding their
presence in the online realm for better visibility among consumers and compete
on the basis of brand integration. Servicing companies have initiated the
process of online booking to enhance customer’s convenience. This also helps
the servicing companies to maintain COVID protocols such as curb in
overcrowding in public places as set by the UAE government.
Government
Initiatives: UAE’s low
import and fuel costs, conducive tax regime and high disposable incomes have
also helped strengthen the automobile sector and encourage global giants to set
up shop here and manufacture in the country. The government has also been
encouraging research and development with regards to autonomous or driverless
vehicles, smart and eco-friendly alternatives, for instance, hydrogen, natural
gas and hybrid vehicles.
Digital
Transformation: Online
players are emphasizing on integrating new-age technologies and building a
robust sales network to give complete view of the car to
customers. Considering the digital transformation across industries,
new-age start-ups are emerging in the four-wheeler aftermarket service
industry. Social media plays a major role in generating leads for dealers &
end consumers by virtue of offering advertisements at a lower cost with respect
to other traditional marketing channels thus bridging the gap between physical
and digital sales
The report titled “UAE
Automotive Aftermarket Service Industry Outlook to 2026: Driven by increasing
number of startups and consumers shifting preference towards online and
organized sector” provides a comprehensive analysis on the status of
aftermarket service industry in UAE. The report covers various aspects
including automotive aftermarket service industry market size on the basis of
revenue and number of vehicles serviced, value chain analysis, ecosystem of
major entities in aftermarket service industry in UAE, trends &
developments, issues & challenges faced by the industry, government
regulations, SWOT Analysis, Porter 5 forces analysis, key decision making
parameters of OEM and multi brand vehicle servicing companies, pain points in
OEM and multi brand aftersales workshops, opportunities in OEM and multi brand
aftermarket industry, market size of spare parts aftermarket industry in UAE,
ecosystem by different type of spare parts & consumables market,
competition in OEM and multi brand aftermarket service industry, pricing
packages of OEM and multi brand automotive service companies and other aspects.
Further, the report focuses on the UAE Four Wheeler Aftermarket Service
Industry Segmentation by Type of Workshop (OEM/Authorized, Large Multi Brand,
and Small/Unorganized Workshops); by Type of Vehicle Serviced (Sedans, SUVs,
Hatchbacks, MPVs and Crossover); by Age of Car (0-2 Years, 2-4 Years, 4-6
Years, 6-8 Years, 8-13 Years and Above 13 Years); by Region (Dubai, Abu Dhabi,
Sharjah, and other Emirates); by Booking Mode (Online, and offline); By Car
Brand (Toyota, Nissan & Renault, Mitsubishi, Hyundai, BMW, General Motors,
Ford, Fiat, and Others); and by Service Split (Non-Crash Repair, Crash Repair,
and Body Care).
UAE Four Wheeler Aftermarket
Service Industry report concludes with projections for the future of the
industry including forecasted revenue and number of vehicle serviced by 2026,
and analysts’ take on the future highlighting the major opportunities.
Key Segments
Covered in UAE Four Wheeler Aftermarket Service Industry
- UAE Four Wheeler Aftermarket size by
- Revenue
- Number of Vehicles Serviced
- Market Segmentation By Type of Vehicle
Serviced
- Sedan
- SUV
- Hatchback
- MPVs
- Crossover
- Market Segmentation By Age of Car
- 0-2 Years
- 2-4 Years
- 4-6 Years
- 6-8 Years
- 8-13 Years
- Above 13 Years
Request
For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDI0
- Market Segmentation By Region
- Dubai
- Abu Dhabi
- Sharjah
- Other Emirates
- Market Segmentation By Booking Mode
- Online
- Offline
- Market Segmentation By Car Brand
- Toyota
- Nissan & Renault
- Hyundai
- BMW
- Ford
- Fiat
- Market Segmentation By Service Split
- Non-Crash Repair
- Crash Repair
- Body Care
UAE Spare
Parts Aftermarket Segmentation
- By Expenditure Category
- Spare Parts
- Consumables
- By Type of Spare Parts
- Engine components
- Electricals and Electronic Components
- Suspension and Braking
- Consumables and Miscellaneous
- Cooling Systems
- Body & Chassis
- By Type of consumables
- Battery
- Oil, fluid & filter
- Tires
- Others
Key Target
Audience
- Automotive Companies
- OEM Vehicle Service Companies
- Multi Brand Vehicle Service Companies
- Automotive Spare Parts Companies
- Government Bodies
- Automotive Associations
Time Period Captured
in the Report:
- Historical Period: 2016-2021
- Forecast Period: 2021-2026
Automotive
Aftermarket Service Companies in UAE:
- OEM/Authorized Vehicle Service Companies
- Toyota
- Nissan & Renault
- Mitsubishi
- Hyundai
- BMW
- Ford
- Spare Part Suppliers
- 3M
- Delphi Technologies
- DENSO Corporation
- Magneti Marelli S.P.A
- ZF Services Middle East
- Battmobile (Battery)
- AutoPlus
Key Topics Covered in
the Report
- UAE
Four Wheeler Aftermarket Service Industry Overview
- Comparison of UAE Automotive Industry with
other Countries
- UAE Four Wheeler Aftermarket Service Industry
Segmentation, FY’21
- Competitive Landscape of UAE Four Wheeler
Aftermarket Service Industry
- Pricing Packages of Major OEM Automotive
Service Companies
- Pricing Packages of Major Multi Brand
Automotive Service Companies
- Trends in UAE Four Wheeler Aftermarket Service
Industry
- Issues and Challenges in UAE Four Wheeler
Aftermarket Service Industry
- SWOT Analysis of UAE Four Wheeler Aftermarket
Services Industry
- Government Regulations in the UAE Four Wheeler
Aftermarket Services Industry
- Comparing Car Servicing Decision Parameters in
UAE
- Analysis of Multi-Brand and OEM Workshops in
UAE
- Operating Model of Spare parts in UAE
- Ecosystem by Different Type of Spare Parts and
Consumables Market in UAE
- Future Outlook and Projections of the UAE Four
Wheeler Aftermarket and Spare Parts Industry, 2021-2026E
- Future Market Size of UAE Four Wheeler Aftermarket
Service Industry on the basis of Number of Vehicles Serviced, FY’21-FY’26E
- Future Market Size of UAE Four Wheeler
Aftermarket Service Industry on the basis of Revenue, 2021-2026E
Related
Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
No comments:
Post a Comment