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
Request for Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDI0
- 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
Related
Reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
