KSA Automotive Aftermarket Market Share and Growth 2023, Emerging Trends, will Peak at a CAGR of XX%, Business Analysis and Future Scope 2022-2032: SPER Market Research
According to SPER Market Research, The automotive aftermarket is the market for automotive parts, accessories, and services sold to consumers after a vehicle has been sold by the manufacturer. This category includes a diverse range of products and services designed to enhance, repair, or customize vehicles. KSA Automotive Aftermarket refers to the market for automotive parts, accessories, and services in the Kingdom of Saudi Arabia. This includes a diverse range of items and services offered to customers for automotive maintenance, repair, and modification.
Saudi Arabia Automotive Aftermarket Market Overview:
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
The KSA Automotive Aftermarket is a significant industry in Saudi Arabia, creating jobs and contributing to the country’s economy. The sector is expected to increase further in the next years as a result of factors such as rising vehicle sales, the need for routine maintenance and repair, and rising demand for customization and performance enhancements.
Automotive Aftermarket provides a wide range of products and services, including replacement parts, performance components, accessories, tyres, lubricants, and batteries, as well as maintenance, repair, and customization. These items and services are offered through a range of venues, including car parts stores, online retailers, and servicing facilities.
The COVID-19 outbreak had a significant impact on the KSA Automotive Aftermarket, as well as many other industries around the world. Among the industry’s observed consequences is the disruption of the global supply chain, which has limited the availability of parts and components required for maintenance and repairs, causing service and repair delays. Furthermore, due to lockdowns and movement restrictions, the outbreak has reduced demand for automobile aftermarket equipment and services, resulting in lower income for industry businesses.
Furthermore, as a result of the pandemic’s economic impact, many KSA Automotive Aftermarket businesses have been forced to close temporarily or permanently, resulting in job losses and a decrease in the number of businesses supplying aftermarket products and services. Despite these challenges, the industry has shown resilience by shifting to online sales as many clients avoid physical locations for safety reasons, resulting in increased competition for online retailers and a greater emphasis on digital marketing and e-commerce strategies. While the COVID-19 outbreak had a significant impact on the KSA Automotive Aftermarket, the industry has adapted to changing conditions by implementing safety measures and shifting to online sales in order to continue serving its customers.
KSA Automotive Aftermarket Industry Key Players:
The market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; 3M Saudi Arabia, Abdul Latif Jameel IPR Company Limited, Continental Middle East, Delphi Technologies, DENSO Corporation, Ford Motor Company, General Motors, Goodyear, Michelin, Robert Bosch Middle East FZE.
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KSA Automotive Aftermarket Industry Segmentation:
By Vehicle Type: Based on the Vehicle Type, KSA Automotive Aftermarket Industry is segmented as; Commercial Vehicle, Passenger.
By Replacement Parts: Based on the Replacement Parts, KSA Automotive Aftermarket Industry is segmented as; Battery, Brake Parts, Engine Components, Exhaust Components, Filters, HVAC, Lighting and Electronic Components, Tire, Others.
By Distribution Channel: Based on the Distribution Channel, KSA Automotive Aftermarket Industry is segmented as; offline, online.
By Region: This report also provides the data for key regional segments of Riyadh, Jeddah, Dammam, Al Khobar, Rest of KSA.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link: –
KSA Automotive Aftermarket Industry Forecast
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