GCC AUTOMOTIVE AFTERMARKET MARKET

GCC Automotive Aftermarket Market Size 2024

GCC Automotive Aftermarket market size was valued at reached USD 11.7 billion in 2024 and is estimated to reach USD 17.3 billion in 2032 and the market is forecast to grow at a CAGR of 5.0% between 2025-2032 primarily driven by robust economic growth, increase in new vehicle sales, increasing vehicle In operation (VIO).

Key Market Insights

Market Size:

• • 2024 – USD 11.7 Billion
  • 2032 – USD 17.3 Billion
  • Market Forecast – CAGR of 5.0% from 2025-2032

Segment Insights

• • Replacement Parts Type Insights: In GCC automotive aftermarkets tire generates the largest revenue in 2024.
  • Vehicle Type Insights: Passenger vehicles dominates the aftermarket revenues and is projected to grow at the faster CAGR.
  • Parts Certification Type Insights: Genuine parts is forecast to grow at a health rate during the forecast period owing to robust new vehicle sales.

GCC Automotive Aftermarket Parts and Component Market Drivers

Robust Economic Growth

GCC region’s economic growth is robust, as per the World Bank the GCC region’s GDP growth is projected to surge to 4.2% in 2025-2026 compared to subdued growth rate of 1.6% in 2024. The economic growth in the regions is primarily driven by non-oil sector which has been growing at robust rate owing to government’s plan to diversify their economy and massive transformation plans. The projected surge in economic growth across the region is forecast to drive demand for auto parts across the region. Rising government initiatives toward non-oil sectors such as Saudi Arabia Vision 2030, UAE Vision 2030 and the development of smart cities and focus on tourism sector will upsurge the automotive aftermarket in GCC.

Increase in Vehicle in Operation (VIO)

GCC region has one of the highest vehicle per thousand or vehicles per capita rate globally. The vehicle in operation VIO (passenger vehicle and light commercial vehicle) is around 18 million vehicle in GCC region. Saudi Arabia has the largest VIO in GCC comprising of around 50% of the total vehicle population across the region followed by UAE. The VIO is forecast to grow at a robust rate owning to surge in economic activities across countries coupled with increasing female drivers due to the rising women workforce is creating lucrative opportunity for automotive aftermarket industry in GCC.

Growing Used Car Market

The sales of used car in the region is growing owing to robust economic growth which is driving the disposable income coupled with growing expats population. Across the region it is estimated that for every one new car sold there are five used car sold. The Bahrain government announced new regulations for registration of used imported cars. Used car sales growth will keep the vehicle on the road for longer time and used cars require more maintenance as they are old is paving ground for demand for auto parts in the GCC.

Robust New Vehicle Sales

As per OICA, the region witnessed surged in new vehicle sale, passenger car unit sales in Saudi Arabia touched 705 thousand units in 2024 the unit sales grew by 9.3% compared to 2023. In UAE the passenger car unit sales reached 268 thousand units growing at 19.3% Vs. 2023. The growing demand for new cars driven by the increasing disposable income of consumers will create future opportunities for the automotive aftermarket in GCC countries like Saudi Arabia and UAE.

Vehicle Modification

Growing demand for vehicle modification support the growth of the GCC aftermarket auto parts, rising investment in new distribution channels and increasing commercial and passenger car sales.

GCC Automotive Aftermarket Parts Market Segment Analysis

GCC Automotive Aftermarket Market Replacement Parts Insights: Tire is estimated to dominate the market share

The replacement parts type market revenue is dominated by tires as tire goes through more wear and tear due to very hot climate across GCC countries. The demand for other types replacement parts is projected to grow primarily driven by rising growing used car sales, rise in vehicle age and growth in VIO etc.

GCC Automotive Aftermarket Market Vehicle Type Insights: Passenger vehicles segment is projected to grow at the faster CAGR.

Based on the vehicle type, passenger vehicle is forecast to dominate the GCC automotive aftermarket until 2032 owing to rising new vehicle sales driven by robust economic growth and the increasing disposable income of consumers. Saudi Arabia is the largest market for passenger vehicle sales across the region, as it captured the largest share of Vehicle in Operation in the region. Moreover, the Saudi government lifted a ban on women driving in 2018 and the growth of non-oil economic activities will further boost the market growth.

GCC Automotive Aftermarket Industry Major Players & Competitive Landscape

Several leading companies are Toyota, Hyundai, Ford, Denso, Robert Bosch, ACDelco, Delphi, Valeo, Champion, Bridgestone, Michelin, Nissan, Continental and many more.

Recent Development & Market News

• • In 2021, Nissan KSA developed the latest online service in their mission to incorporate digitalization across their operations and services, providing customers with the convenience of booking their car servicing needs online.
  • In 2020, Continental officially announced the launch of an automotive aftermarket web portal for users across the globe. The company is bundling information about its product and service portfolio for the automotive aftermarket in a new online portal. This strategy has helped in the surge for the automotive aftermarket in Saudi Arabia, which has pushed online sales.

GCC Automotive Aftermarket Market Scope of the Report

GCC Automotive Aftermarket Market Research Report Segmentation

GCC Automotive Aftermarket has been segmented on the basis of vehicle type, certification, replacement part. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. By replacement parts, the market is segmented into tire, battery, brake parts, filters, Lighting Components, Electronic components, Lubricants, Clutch Parts, Engine Components and others. Based on certification, the market has been segmented into Genuine Parts, Certified Parts, Counterfeit Parts, Others.

GCC Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

GCC Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter​
    • Oil Filter​
    • Others​
  • Lighting Components​
  • Electronic components​
  • Lubricants​
  • Clutch Parts​
  • Engine Components
    • Timing Belt​
    • Spark Plugs​
    • Others​
  • Others

GCC Automotive Aftermarket by Certification

• • Genuine Parts
  • Certified Parts
  • Counterfeit Parts
  • Others

    GCC Automotive Aftermarket by Countries

• • UAE Automotive Aftermarket Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Automotive Aftermarket Market All-Up (Option 2: Free 25% Customization)
  • Oman Automotive Aftermarket Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Automotive Aftermarket Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Automotive Aftermarket Market All-Up (Option 5: Free 25% Customization)

GCC Automotive Aftermarket Leading market players

• • Toyota Motor Corporation
  • Continental Almutlak
  • Delphi Technologies
  • DENSO Corporation
  • Michelin
  • ACDelco (General Motors)
  • Robert Bosch, FZE
  • GoodYear
  • Nissan Motor Co., Ltd.
  • (Motorcraft) Ford Motor Company