SAUDI ARABIA AUTOMOTIVE AFTERMARKET MARKET

Saudi Arabia Automotive Aftermarket Market Size & Insights

Saudi Arabia Automotive Aftermarket Market size was valued at USD 6.4 billion in 2024 and is forecast to touch USD 9.6 billion in 2032, and the market is expected to grow at a CAGR of 5.2% from 2025-2032 owing to over millions of passenger vehicles are currently out of warranty in 2024, coupled with strong economic growth due to Vision 2030 and rise in VIO in KSA.

Major Saudi Arabia Automotive Aftermarket Industry Drivers

Robust Economic Growth 

Saudi Arabia GDP is projected to grow at 3.0% in 2025 as per IMF. Saudi economy is heavily reliant on fossil fuel, as per World Bank’s estimates, oil prices are expected average USD 92/bbl in 2023 and USD 80/bbl in 2024 and will average USD 64/bbl in 2025. Robust growth in GDP will increase Saudi government’s expenditure on the economy, which in turn will boost the disposable incomes of consumers. As disposable incomes increases, consumers are more likely to spend on different goods  and services, which can increase vehicle miles travelled, thus creating demand for different automotive replacement parts.

Increase in New Vehicle Sales

New passenger car sales in kingdom increased by 9.3% over 2023, crossing 700 thousand figure which the highest passenger car units sales achieved in KSA ever primarily fueled by economic growth, increase in consumer spending and government initiative. The robust growth in the non-oil economy sectors such as in manufacturing, tourism and construction fuelling economic growth.

Historic Surge in the Number of Female Drivers 

In July 2018, Kingdom of Saudi Arabia, finally lifted the legal ban on female driving, which has opened new growth opportunities in the automotive industry. Rise in the number of female drivers will be pushing demand for preowned and new vehicles sales in Saudi Arabia. The demands for vehicles among the women drivers will contribute to the growth of the automotive and spare parts industry in Saudi Arabia.

Growing Used Car Market

The robust growth in used cars sales is driving the demand for automotive aftermarket parts in KSA as older vehicle require more frequent maintenance owing to more wear and tear.

Saudi Arabia Automotive Aftermarket Market Segment Analysis 

Vehicle Type Insights: Passenger vehicle captured the largest aftermarket market revenues

Based on vehicle type, the passenger vehicles occupied the largest market share in the automotive aftermarket in Saudi Arabia in 2024. 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.

Vehicle Type Insights: Tire dominated the aftermarket revenues

Based on replacement part, tires captured substantial market share in the automotive aftermarket industry in Saudi Arabia in 2024. Since tires goes through large amount of wear and tear, replacement of tires is necessary in order to improve the vehicle performance.

In order to attract more customer, 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.

Parts Certification Type Insights: Genuine parts type is forecast to grow at a faster CAGR during the forecast period

Genuine parts are forecast to grow owing to increase in new vehicle sales as it provide the best fit and also comes up with warranty. Consumers to be more inclined to using genuine parts especially when the vehicle is new and also to maintain the warranty provided by the vehicle manufacturers.

Saudi Arabia Automotive Aftermarket Market Major Players & Competitive Landscape

Major players operating in the market are Toyota, Denso, Robert Bosch, Champion, Delphi, Valeo, ACDelco, GoodYear, Abdul Latif Jameel IPR Company Limited. and Ford Motor Company etc.

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.

Saudi Arabia Automotive Aftermarket Industry News

• • In Jan 2022, General Motors appointed Petrmin corporation as a new wholesale distributor for ACDelco aftermarket parts on Saudi Arabia
  • In August 2021, Nissan Saudi Arabia announced that it has launched its online service, which will provide more convenience to its customers for booking car services.
  • 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).​

Saudi Arabia Automotive Aftermarket Market Scope of the Report

Saudi Arabia Automotive Aftermarket Market Report Segmentation

The Saudi Arabia 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.

Saudi Arabia Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Saudi Arabia 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

Saudi Arabia Automotive Aftermarket by Certification

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

Saudi Arabia Automotive Aftermarket Leading players

• • Toyota
  • Denso
  • Robert Bosch
  • Champion
  • Delphi
  • Valeo
  • ACDelco
  • Goodyear
  • Abdul Latif Jameel IPR Company Limited
  • Ford Motor Company