Automotive Aftermarket is the secondary market of the automotive industry, which includes new manufacturing, remanufacturing, rebuilding, distributing, retailing, reusing, and installation of vehicle parts, equipment, and accessories that are sold by OEMs to customers. The aftermarket offers a wide range of parts of every vehicle in a variety of price ranges and qualities. The automotive aftermarket provides the customers with an option to repair their vehicles by themselves through various service channels such as Do it by Yourself, Do it for Me, and OEs. It provides certified, uncertified, and genuine parts to the consumers.

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The major factors that are driving the growth of the Saudi Arabia Automotive Aftermarket market include the increasing support from the government to let women drive, the increasing demand for commercial vehicles driven by the expansion of the e-commerce and tourism sector, and the growing investment by the government, especially in the infrastructure and construction sectors. Moreover, the growth of the Saudi Arabia automotive aftermarket market is also supported by the recovery in oil prices, which is boosting economic growth and consumer spending. The growing number of religious tourism for Hajj and Umrah is also impacting the demand for the commercial passenger vehicle market, which in turn, is surging the demand of the automotive aftermarket in the country.

Various remarkable benefits offered by automotive aftermarkets such as reduced per vehicle spending and easy availability of various independent aftermarket brands which offers competitive pricing will attract a large number of consumers to opt for automotive aftermarket services. Furthermore, the increased investment in new customer engagement channels, such as online sales and quick delivery options, are further fuelling the market growth. The government is focussing on economic diversification by reducing oil dependency and is launching various initiatives such as Vision 2030, smart city development, and other projects, which is expected to surge the market growth. On the other hand, the outbreak of the COVID-19 has adversely impacted the automotive and transportation sector due to the disturbance in the supply chain and the temporary shutdown of the manufacturing plants. This factor and the significant shift in the consumer’s preference towards purchasing essential products rather than luxury items, are negatively impacting the demand of the automotive aftermarket market. However, the market is predicted to bounce back in 2021 while growing at a faster rate from 2022 onwards.

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Based on the replacement part, the tore segment is expected to grow at a faster CAGR in the market during the forecast period owing to the increasing demand for replacement due to the country’s hot climate, the low replacement cycle of tires, and high disposable income of the consumers. Moreover, the increasing number of passenger and commercial vehicles has surged the demand for tires, which is boosting the growth of the segment in the market.

Based on the Distribution Channel, the retailer segment is expected to grow at a higher CAGR in the market during the forecast period owing to the easy availability of automotive aftermarket retail shops and service providers in Saudi Arabia.

Based on the Service Channel, the Do it Yourself segment is projected to grow at a higher CAGR in the market during the forecast period owing to the increasing technical knowledge among the consumers and the growing interest of the end-users to maintain, repair, and upgrade their vehicle by themselves.

Based on the Certification, the genuine segment is expected to dominate the market during the forecast period owing to the increasing per capita income and the growing demand for high-quality products. Genuine parts are manufactured by OEMs and various car manufacturers, which provide better quality and a longer manufacturing warranty.

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Various notable players operating in the Saudi Arabia Automotive Aftermarket market include 3M Saudi Arabia, Continental Almutlak, Delphi Technologies, DENSO Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Robert Bosch Middle East FZE, Al Rashed Goodyear, and Cooper Tire & Rubber Company, among others.

The Saudi Arabia Automotive Aftermarket market has been segmented based on Replacement Part, Distribution Channel, Service Channel, and Certification. Based on Replacement Part, the market is segmented into tire, battery, brake parts, filters, body parts, Lighting & electronic components, Wheels, Exhaust components, Turbochargers, and Others. Based on tire, the market is further segmented into Basic Part, and Performance Part. Based on battery, the market is further segmented into Basic Part, and Performance Part. Based on brake parts, the market is further segmented into Basic Part, and Performance Part. Based on filters, the market is further segmented into Basic Part, and Performance Part. Based on body parts, the market is further segmented into Basic Part, and Performance Part. Based on lighting & electronic component, the market is further segmented into Basic Part, and Performance Part. Based on wheels, the market is further segmented into Basic Part, and Performance Part. Based on exhaust component, the market is further segmented into Basic Part, and Performance Part. Based on turbocharger, the market is further segmented into Basic Part, and Performance Part. Based on others, the market is further segmented into Basic Part, and Performance Part. Based on Distribution Channel, the market is segmented into Retailers, and Wholesale & Distribution (W&D). The retailer segment is further segmented into OEM Channel, and Retail Shops Channel. Based on Wholesale & Distribution (W&D), the market is further segmented into Online and Brick & Motor Market. Based on the Service Channel, the market is segmented into Do It Yourself (DIY), Do It for Me (DIFM), and Original Equipment (OE). Based on Certification, the market is segmented into Genuine Parts, Certified Parts, and Uncertified Parts. Based on Genuine Parts, the market is further segmented into Manufacturing Type, and Source Type. Based on Manufacturing Type, the market is further segmented into Newly Manufactured, Remanufactured, Rebuilt, and Reused. Based on source type, the market is further segmented into OEM Authorized Repair Shops, Car Maker Repair Shops, and Independent Repair Shops. Based on Certified parts, the market is further segmented into Manufacturing Type, and Source Type. Based on Manufacturing Type, the market is further segmented into Newly Manufactured, Remanufactured, Rebuilt, and Reused. Based on source type, the market is further segmented into OEM Authorized Repair Shops, Car Maker Repair Shops, and Independent Repair Shops. Based on uncertified parts, the market is further segmented into Manufacturing Type, and Source Type. Based on Manufacturing Type, the market is further segmented into Newly Manufactured, Remanufactured, Rebuilt, and Reused. Based on source type, the market is further segmented into OEM Authorized Repair Shops, Car Maker Repair Shops, and Independent Repair Shops.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Automotive Aftermarket market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia Automotive Aftermarket market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Saudi Arabia Automotive Aftermarket market?
  • What are the various distribution channels of the Saudi Arabia Automotive Aftermarket market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Replacement Part, By Distribution Channel, By Service Channel, By Certification
Regional Coverage	Saudi Arabia
Companies Profiled	3M Saudi Arabia, Continental Almutlak, Delphi Technologies, DENSO Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Robert Bosch Middle East FZE, Al Rashed Goodyear, and Cooper Tire & Rubber Company, among others; a total of 9 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Saudi Arabia Smart Meter Market by Replacement Part

• • Tire
    • Basic Part
    • Performance Part
  • Battery
    • Basic Part
    • Performance Part
  • Brake parts
    • Basic Part
    • Performance Part
  • Filters
    • Basic Part
    • Performance Part
  • Body parts
    • Basic Part
    • Performance Part
  • Lighting & electronic components
    • Basic Part
    • Performance Part
  • Wheels
    • Basic Part
    • Performance Part
  • Exhaust components
    • Basic Part
    • Performance Part
  • Turbochargers
    • Basic Part
    • Performance Part
  • Others
    • Basic Part
    • Performance Part

Saudi Arabia Smart Meter Market by Distribution Channel

• • Retailers
    • Retail Channels
      • OEM Channel
      • Retail Shops Channel
  • Wholesale & Distribution (W&D)
    • Online and Brick & Motor Market

Saudi Arabia Automotive Aftermarket Market by Service Channel

• • Do It Yourself (DIY)
  • Do It for Me (DIFM)
  • Original Equipment (OE)

Saudi Arabia Automotive Aftermarket Market by Certification

• • Genuine Parts
    • Manufacturing Type
      • Newly Manufactured
      • Remanufactured
      • Rebuilt
      • Reused
  • Source Type
    • OEM Authorized Repair Shops
    • Car Maker Repair Shops
    • Independent Repair Shops
  • Certified Parts
    • Manufacturing Type
      • Newly Manufactured
      • Remanufactured
      • Rebuilt
      • Reused
    • Source Type
      • OEM Authorized Repair Shops
      • Car Maker Repair Shops
      • Independent Repair Shops
    • Uncertified Parts
      • Manufacturing Type
        • Newly Manufactured
        • Remanufactured
        • Rebuilt
        • Reused
      • Source Type
        • OEM Authorized Repair Shops
        • Car Maker Repair Shops
        • Independent Repair Shops

Leading market players (Option 1: As a part of free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M Saudi Arabia
  • Continental Almutlak
  • Delphi Technologies
  • DENSO Corporation
  • Federal-Mogul Corporation
  • Magneti Marelli S.p.A.
  • Robert Bosch Middle East FZE
  • Al Rashed Goodyear
  • Cooper Tire & Rubber Company