The Middle East & Africa Automotive Aftermarket Market was estimated to be worth USD 39.97 billion in 2023 and is projected to reach a value of USD 69.39 billion by 2030, growing at a CAGR of 8.2% during the forecast period 2024-2030.
The secondary market for parts and components that exists after the initial sale is referred to as the automotive aftermarket. It includes competitive or generic parts, which are non-OEM replacements and sometimes less expensive than original parts. Replacement parts and accessories are the two primary categories into which the aftermarket is usually separated. The warranty and resale value of a vehicle may be impacted by the use of replacement parts to fix damaged parts that were not made by the car manufacturer. Aftermarket parts are governed by the Certified Automobile Parts Association, which establishes strict guidelines through extensive safety and quality testing. Conversely, accessories are made after the sale for comfort, protection, convenience, and improved performance. OEMs and other manufacturers may create replacement parts in response to customer demand in the event that the original parts become damaged.
Key Market Insights:
Replacement parts account for approximately 60% of the MEA automotive aftermarket market share, driven by the region's aging vehicle fleet and the need for regular maintenance and repairs in harsh environmental conditions.
The passenger car segment constitutes around 65% of the demand for aftermarket products and services in the MEA region, reflecting the large number of personal vehicles in use, especially in Gulf Cooperation Council (GCC) countries.
In terms of distribution channels, authorized dealerships represent about 40% of the market share for automotive aftermarket products in the MEA region, attributed to consumer trust in original equipment manufacturer (OEM) parts and services.
The adoption of e-commerce platforms for automotive aftermarket parts and accessories is growing at a rate of approximately 15% annually in the MEA region, driven by increasing internet penetration, smartphone usage, and the convenience of online shopping for automotive products.
Middle East & Africa Automotive Aftermarket Market Drivers:
The growing consumer demand for vehicle customization is driving growth in the MEA automotive aftermarket sector.
The increasing trend of car customization is driving up demand for automotive aftermarket components. Customers are increasingly altering their cars to improve performance and appearance, especially young people. This entails boosting engine output, upgrading bumpers, adding window tint for light protection, and adding LED lighting to dashboards and cabins. This tendency is especially noticeable in areas like the Middle East and Africa, where people are very interested in improving and personalizing the look of their cars.
Stress from Climate Increasing Replacement MEA automotive aftermarket's market share.
Harsh weather, especially in the summer, has an impact on the automotive aftermarket in the Middle East and Africa. Because of the vast stretches of sandy terrain and the dearth of vegetation, the area frequently experiences sandstorms and high temperatures. Car air conditioners must be used constantly in this environment, which accelerates wear and increases the need for part replacements. Sandstorm impacts also necessitate frequent replacement of filters such as oil and air filters. The demand for car aftermarket parts in the area is greatly influenced by these climatic challenges.
Middle East & Africa Automotive Aftermarket Market Challenges and Restraints:
Sensors in cars optimize driving behavior and lessen the strain on parts like tires and brakes, which benefits the automotive industry. The growth of the aftermarket may be slowed down as a result of the decreased need for replacements. Nonetheless, the market is also being impacted by the creation of new materials. For example, using carbon fiber-infused polymer materials, researchers at UBC Okanagan, Sharif University of Technology in Iran, and the University of Toronto have created self-lubricating brakes. These brakes offer longevity in high-friction and high-temperature environments, which could eventually result in smaller, more affordable brake pads.
Middle East & Africa Automotive Aftermarket Market Opportunities:
The MEA Automotive Aftermarket Market offers a plethora of opportunities due to the increasing demand from the youth of the region for vehicle customization and enhancements. The need for aftermarket parts like improved engines, fashionable accessories, and cutting-edge electronic systems is growing as consumers' interest in modifying the performance and appearance of their cars increases. This trend offers businesses in countries like Saudi Arabia, Iran, the United Arab Emirates, and Oman a promising opportunity to broaden their product offerings and meet the changing needs of car owners.
MIDDLE EAST & AFRICA AUTOMOTIVE AFTERMARKET MARKET REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 - 2030 |
|
Base Year |
2023 |
|
Forecast Period |
2024 - 2030 |
|
CAGR |
8.2% |
|
Segments Covered |
By vehicle Type, glass type,replacement types, distribution channel, and Region |
|
Various Analyses Covered |
Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regional Scope |
Kingdom of Saudi Arabia, UAE, Israel, Rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, Rest of MEA |
|
Key Companies Profiled |
Denso Corporation, Robert Bosch GmbH, Mitsubishi Electric Corporation, Delphi Automotive Plc, ACDelco, Akebono Brake Industry Co., Ltd, Magna Internation Inc., WABCO, Continental AG, Cooper Tire & Rubber Company |
Middle East & Africa Automotive Aftermarket Market Segmentation:
Depending on the type of vehicle, the automotive aftermarket is divided into passenger and commercial vehicles. The popularity of electric vehicles is increasing due to growing consumer awareness of alternative fuel options and environmental concerns, which is driving growth in the passenger car segment. Furthermore, it is anticipated that future commercial vehicle emission regulations will lead to a greater reliance on engine electronics, which will propel consistent expansion in this industry. For commercial vehicles, remanufacturing is also gaining popularity because it provides cost savings, warranty support, and extended performance—all of which are important variables influencing the future of the commercial vehicle market.
The usage of sunroof glass is anticipated to rise, particularly in high-end vehicles, which is anticipated to be advantageous for the growth of the automotive glass sector. Glass is being used more often these days as a result of consumers' predilection for sunroofs in automobiles. Manufacturers of automobiles like Honda and Toyota have expanded the availability of sunroofs from the premium car market to other markets. Additionally, improvements in vehicle design have increased the size of the side windows and windscreen, which has contributed to the industry's overall development. According to predictions, the future of the car industry is smart glass. The majority of research has been focused on enhancing and mainstream automobile applications for smart glass. It may be utilized to give a head-up display in cars, exactly like in a helicopter's glass cockpit. This greatly improves accessibility to all the controls and improves the ambiance of the car. Automakers are working hard to make this a reality in vehicles, like Mercedes and Volvo.
The market is divided into batteries, brake pads, filters, gaskets & seals, lighting components, body parts, wheels & tires, and others based on the kind of replacement parts. The main revenue share of the global market was accounted for by the wheels and tires segment in 2020. Due to increased attention being paid to the safety of vehicle occupants as well as research and development efforts by major aftermarket players to reduce the overall weight of a vehicle by introducing lightweight and affordable solutions, the body parts segment is anticipated to hold one of the largest market shares. Additionally, the filter industry is likely to rise as consumers become more aware of cabin air filter replacement, their presence, and the ability to buy more expensive filter products in developed nations. Additionally, the adoption of cutting-edge lighting solutions, notably in highway vehicles, and the high demand in areas with inadequate road infrastructure are driving the growth of the lighting components sector. The regular product replacement required to maintain vehicle safety is likely to lead to growth in the brake pads market as well. By lowering the stopping distance of automobiles, disc brakes improve security, which is projected to boost expansion in this market. In this market, the battery category is likely to have stable expansion, primarily due to strict government rules and pollution standards controlling the vehicle industry. For instance, the American Recovery & Reinvestment Act of the United States provides funding to both public and private organizations to create hybrid electric cars.
There are three categories in the automotive aftermarket: distribution channels, wholesale, and retail. Retail, which serves customers directly, commands a sizeable portion of the market. Due to the necessity of timely updates and maintenance of automotive parts, which are essential for overall vehicle performance, the wholesale and distribution segments are growing quickly. The industry is going more and more digital, and online retailers are essential to the sale of goods and services. The production of more consumer and passenger cars, the digitization of auto repair and maintenance services, and technological developments related to auto parts are some of the factors propelling the market's expansion. The future direction of the automotive aftermarket sector is being shaped by these trends.
Car owners, particularly young ones, are increasingly wishing to improve and customize their vehicles for better looks and performance in places like Saudi Arabia, Iran, the United Arab Emirates, and Oman. In the upcoming years, it is anticipated that this trend will raise demand for auto parts in the Middle East and Africa.
The COVID-19 pandemic presented serious challenges for the automotive aftermarket. Widespread lockdowns, curfews, and social distancing measures brought about by the pandemic decreased output and sales in the automobile industry. Plant closings and limitations on foreign trade made the industry's growth even more difficult. The decline in consumer spending power was another factor in the downturn. But the market is anticipated to progressively recover and regain momentum as the pandemic fades and economies grow stronger.
Latest Trend/Development:
The automotive aftermarket industry in the Middle East and Africa is showing a discernible trend toward digitalization and customization. Convenience and a large selection of options are motivating more customers to purchase auto parts and accessories online. The shift to digital is changing the way that upgrades and repairs are carried out. A desire for distinctive and customized cars is also reflected in the rising demand for customized vehicle modifications. As suppliers and service providers adjust to meet these changing consumer preferences, the market is being shaped by this trend, which is centered on digital platforms and customized goods and services to appeal to the region's car enthusiasts.
Key Players:
Market News:
The MEA Automotive Aftermarket Market was estimated to be worth USD 39.97 billion in 2023 and is projected to reach a value of USD 69.39 billion by 2030, growing at a CAGR of 8.2% during the forecast period 2024-2030.
The automotive aftermarket is the secondary market that arises after selling original parts or components. It is also referred to as generic, competitive, or non-OEM replacement components.
Due to consumer demand for vehicle customization and Climate Stress Increasing Replacement Market share are the factors driving the MEA Automotive Aftermarket Market
Rising sales of electric vehicles and the adoption of vehicle safety technologies would restrain market expansion.
The filter replacement part type is the fastest growing in the MEA Automotive Aftermarket Market.
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