The Saudi Arabia Automotive Aftermarket was estimated to be over XX million in 2020 and is anticipated to reach over XX Million by the end of 2028, while increasing at a CAGR of 4% to 10% during the forecast period (2021-2028)

Introduction of the Saudi Arabia Automotive Aftermarket

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. Surge in automotive sales stands to be the major factor impacting the growth of the automotive aftermarket.

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Market Dynamic

Key Drivers and Emerging Trends

One of the major driving factors supplementing the automotive aftermarket growth include lifting the legal ban on female driving. This will result in substantial rise in vehicle parc and will further increase the demand for preowned and new vehicles sales in Saudi Arabia. Such a surge will contribute to the growth of the automotive and spare parts industry in Saudi Arabia.

Over the years, the demand for the automotive parts or spare parts have surged in the Middle East countries like Saudi Arabia, UAE among others, which have forced the major players to consider local production and supply chain in the country. In 2019, Apollo Tires in collaboration with Al-Jomaih Tyre Company entered into an agreement for entering Saudi Arabia. The new agreement will be focused on bus and passenger car markets. The company has set a very aggressive target of selling nearly 800,000 tires per annum, including both commercial vehicle and passenger vehicle tires, over the next five years.

Restraint in the Saudi Arabia Automotive Aftermarket

However, the combined impact of COVID-19 and the increase in VAT has resulted in 30%-35% decrease in new car sales in 2020, compared to the previous year. ​Such factor has impacted the market growth.

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Vehicle Type – Segment Analysis

Based on vehicle type, the passenger vehicles occupied the largest market share in the automotive aftermarket in Saudi Arabia in 2020. The sales of the passenger cars are driven by expanding road infrastructure and increasing per capita spending of the people in the region. Additionally, rising expat population and growing demand for pre-owned cars is further supplementing growth.

Replacement Part – Segment Analysis

Based on replacement part, tires occupied substantial market share in the automotive aftermarket industry in Saudi Arabia in 2020. Since tires goes through large amount of wear and tear, replacement of tires is necessary in order to improve the vehicle performance. In 2019, Pirelli started to deliver multiple services directly to the customer’s convenient location in Saudi Arabia. The services include fitting & removing tires, wheel balancing, inflating tires with air or nitrogen, and battery change. Some of the leading companies offering automotive tires in Saudi Arabia are GoodYear, Michelin, Continental Middle East, among others.

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Top Market Players

Some of the major companies in the Saudi Arabia Automotive Aftermarket includes 3M Saudi Arabia, Continental Middle East, Delphi Technologies, DENSO Corporation, Michelin, General Motors, Robert Bosch Middle East FZE, GoodYear, Abdul Latif Jameel IPR Company Limited. and Ford Motor Company. 

Key Developments:

• • In 2018, Ford added a new distributor in KSA to further enhance its customer reach in the country. The company announced Yousuf Naghi Motors Co., as the second distributor and will join the existing distributor Al Jazirah Vehicles Agencies Co. The company’s services include the sale of original Ford and MotorCraft parts and the sale and service of Ford vehicles.
  • In 2018, Abdul Latif Jameel Motors announced opening of a new Toyota and Lexus service facility in Hofuf, Saudi Arabia. The site hosts a customer-centric indoor showroom and an outdoor area that displays approved used Toyota and Lexus cars, and provides a full spectrum offering of ‘sales, service and spare parts’ (3S).​

Segments covered in the Report:

The Saudi Arabia Aftermarket has been segmented on the basis of vehicle type, replacement part and distribution channel. 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, HVAC, lighting and electronic components, exhaust components, engine components and others. By distribution channel, the market is split between offline and online. 

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Automotive Aftermarket growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Saudi Arabia Automotive Aftermarket? What will be the impact of drivers and restraints in the future?
  • Which are the major revenue pockets for growth in the Saudi Arabia Automotive Aftermarket?
  • Which vehicle type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • 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	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Vehicle Type, Replacement Parts and Distribution Channel
Companies Profiled	3M Saudi Arabia, Continental Middle East, Delphi Technologies, DENSO Corporation, Michelin, General Motors, Robert Bosch Middle East FZE, GoodYear, Abdul Latif Jameel IPR Company Limited. and Ford Motor Company
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 Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Saudi Arabia Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
  • HVAC
  • Lighting and Electronic Components
  • Exhaust Components
  • Engine Components
  • Others

Saudi Arabia Automotive Aftermarket by Distribution Channel

• • Offline
  • Online