Global Market Research Reports : Ken Research: Multi Brand Vehicle Service Companies in UAE

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Tuesday, July 19, 2022

UAE Four-Wheeler Aftermarket Service Industry is expected to grow by ~2.8% in terms of revenue between 2021 and 2026: Ken Research

July 2022 | UAE News

The onset of COVID-19 positively contributed to the growth of the aftermarket services industry in UAE especially in the digital mode. The coming decade will see majority of the players shifting some of their services and transactions online
The growing consumer awareness on different types of products and services will lead to a healthy competition in the market and favorable prices and offerings
Strategic location of Dubai in the Middle Eastern region is making it a hub for automotive industry which will provide a boost
UAE government’s focus to become a emission free region by 2050 will drive the electric vehicle market, which will act as a deterrent to the automotive aftermarket industry unless the current players pivot towards incorporating expertise with respect to electric vehicles

Expansion of Digital Platforms: The advent of online portal distributing aftermarket components and companies shifting to digital platforms for smoother experience for the customers are some of the factors which will drive the growth of the UAE automotive aftermarket in the forecast period. Growing influence of social media in customer research and purchase processes and enhanced awareness of customers about the information on the price of parts are expected to favor the market growth via digitalization.

Future Analysis of UAE Four Wheeler Aftermarket Service Market

Rising Consumer Awareness: OEMs are also investing in customer experience optimization efforts and introducing differentiated aftermarket offerings to compete with independent aftermarket players, which is leading to better and affordable services available for the consumers in the market with wide options. Rising consumer awareness regarding repair and proper maintenance of vehicles and growing need for crossover and long-distance vehicles will be fueling the market growth in the coming years.

Dubai to enter new growth phase: Dubai is entering a new growth phase, it is also expected to become the Middle East region’s main automotive hub, expanding through exports and re-exports of vehicles in the Middle East. With the UAE currently having the perfect engine for growth in the automotive industry, there are plenty of opportunities for both petroleum-powered and electric vehicles in the country. Global interest in Dubai as the main hub for automotive trade will only increase, and companies looking to set up shop in the city will find that the market for vehicles and components is large enough for everyone. Dubai is also a strategic location for businesses in the automotive industry, with government support allowing it to connect with the biggest markets in the world. Dubai’s Industrial City is near both the Jebel Ali Port and Al Maktoum International Airport, and it will also enjoy infrastructure updates for easy transit to and from the city.

Green Mobility is the future: Sustainable business practices and alternatives are the future, and when it comes to the automotive sector, the UAE is already a step ahead with its exploration of EV and autonomous vehicles and other alternatives. In line with its goals to reduce carbon emissions, the UAE has been significantly promoting electric vehicles in the country by cutting back on their prices and other charges. Electric vehicles operate on an electric motor and emit no pollutants thereby making them better for the environment. 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. By 2030, the city is expected to have electric, or hybrid cars constitute about 10 per cent of its total car population. The government has planned to invest over AED600 billion in renewable energy to develop the Emirates into the most dynamic economy in the world.

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 Workshop
OEM/Authorized
Large Multi Brand
Small/Unorganized

Market Segmentation By Type of Vehicle Serviced
Sedan
SUV
Hatchback
MPVs
Crossover

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Market Segmentation By Age of Car
0-2 Years
2-4 Years
4-6 Years
6-8 Years
8-13 Years
Above 13 Years

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
Mitsubishi
Hyundai
BMW
General Motors
Ford

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
Drivetrain

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
General Motors
Ford
Fiat

Multi Brand Vehicle Service Companies
Vehpal
Carcility
Mysyara
800carguru
Auto fix
AG auto / AG cars
Service my car
Royal Swiss auto service

Spare Part Suppliers
Delphi Technologies
DENSO Corporation
Magneti Marelli S.P.A
ZF Services Middle East
Battmobile (Battery)
AutoPlus
Avatizone
Gliptone

Malaysia Automotive Aftermarket Service Market Outlook to 2025: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysia

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Ken Research

Ankur Gupta, Head Marketing & Communications

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Thursday, July 7, 2022

Due to rapid urbanization and growth of passenger vehicle sales, along with shifting preference of consumers from availing public transportation to private four-wheeler vehicles by advent of COVID-19 is fuelling the expansion of Four-wheeler Aftermarket Service industry in UAE: Ken Research

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).