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dublin, March 27, 2023 /PRNewswire/—— “UAE Auto Aftermarket, By Location (Interior Accessories, Exterior Accessories), By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Demand Category (OEM, Replacement), By Sales Channel (Online, Offline), Competitive Forecasts and Opportunities by Region, 2028” report added to ResearchAndMarkets.com’s supply.
The UAE auto parts market is projected to grow at a strong CAGR over the forecast period 2024-2028
Key factors driving the growth of the UAE auto parts market are the increased demand and production of autonomous and connected passenger vehicles, as well as the growing adoption of electric vehicles.
Furthermore, continuous technological advancements in passenger car accessories and high demand for installing infotainment systems are expected to drive the growth of the UAE auto accessories market over the next five years.
High production and sales of passenger vehicles drive market growth
Rapid urbanization, improved lifestyles of consumers, and rising per capita incomes of consumers have prompted them to invest in the purchase of passenger vehicles. A total of 158,711 vehicles were sold in the UAE in 2020, and the growing preference for private car ownership is expected to impact passenger car sales.
Consumers add auto accessories as add-on options to enhance the protection, comfort, safety and mobility of their vehicles. Auto accessories not only enhance the aesthetics of the car, but also provide the driver with a higher level of confidence to drive the vehicle seamlessly.
High sales of passenger cars boosted auto parts sales. The booming automotive industry is expected to create lucrative growth opportunities for the UAE auto parts market over the next five years.
Technological progress drives market demand
The continuous development of technology and technological innovations have attracted customers to invest in auto accessories. Premium automotive accessories provide refined looks, comfort and convenience to the occupants of your vehicle.
There are all kinds of auto accessories in the market, and sometimes these accessories are of poor quality. Auto parts manufacturers are improving the quality of materials used in the manufacturing process to boost sales. Manufacturers have begun using fuel-efficient and lightweight materials to create passenger car accessories.
Moreover, the introduction of advanced systems such as new lighting systems, dynamic window displays, and biometric entry in vehicles is expected to be a positive factor accelerating the demand for the UAE auto accessories market over the forecast period.
High installations of passenger car infotainment systems support market growth
The widespread availability of high-speed internet and the expected rollout of 5G technology is enhancing connectivity in the country. Consumers are investing in smart devices, which is driving the demand for infotainment systems in passenger vehicles.
Infotainment systems in modern cars are equipped with bluetooth, CD player, GPS, control panel, lighter port, multiple speakers and video panels to enhance the driving experience. The OEMs have started offering infotainment systems for the small and medium car segment and are expected to witness huge demand owing to the high sales volume of this series of cars.
Market players are working hard to advance infotainment systems to make them compatible with connected and autonomous vehicles, and to launch advanced versions of infotainment systems to grab the attention of customers. Increasing popularity of infotainment systems among consumers is expected to boost high market demand.
competitive landscape
Company Profiles: Detailed analysis of key players in the UAE auto parts market.
- Taif Auto Parts
- car market
- Delta
- Al Mushrif Auto Parts
- Fawaz Khatib
- directional car
- Top Star Trading Co., Ltd.
- Car Care Auto Parts
- Bab Al Satwa Auto Parts
- Galadari Automobile Co., Ltd.
Report scope:
In this report, the UAE auto accessories market is segmented into the following categories, and furthermore, the following industry trends are detailed:
UAE Auto Aftermarket Market, By Location:
- Interior accessories
- Exterior accessories
UAE Auto Aftermarket Market, By Model:
UAE Auto Parts Market, By Demand:
UAE Auto Parts Market, by Sales Channel:
UAE Auto Parts Market, By Region:
- dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
For more information on this report, please visit https://www.researchandmarkets.com/r/5j13ta
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