Middle East Motor Vehicle Parts Market (2020-2026) | Forecast, Industry, Size, Value, Analysis, Share, Companies, COVID-19 IMPACT, Revenue, Trends, Outlook & Growth

Middle East motor vehicles parts market growth is boosted by increasing demand for motor vehicles. Additionally, stringent regulatory rules and standards for car safety across the globe also drive market growth. Moreover, advanced technology usage in motor vehicles fabrication, rise in automobile manufacturing, and digitalization of motor vehicles repair and maintenance services are some of the factors boosting the market growth. However, though technological developments have originated numerous market opportunities, high R&D expenditures are likely to hamper market growth over the forecast period. Motor vehicle parts manufacturers face various constraints, such as increased production costs during manufacturing processes. Further due to the covid-19 pandemic, there was a financial impact on Middle East Motor Vehicles Parts market, including effects on results of operations, future periods and liquidity and capital resources. It led to a potential Middle East recession. It affected the workforce and caused a reduction in productivity. It caused a decrease in consumer confidence reducing consumption. It led to supply chain disruptions and difficulties with funding.

According to 6wresearch, Middle East Motor Vehicle Parts Market size is anticipated to register growth during 2020-26. The development of the motor vehicle parts manufacturing industry in Middle East is primarily driven by the growing automobile manufacturing industry, especially in countries, such as Iran, Saudi Arabia, Israel, UAE, Iraq, Kuwait, Jordan, Oman and Qatar. The market is driven by the strong growth of the number of motor vehicles in use across the country. Increasing disposable income in developing countries is having a positive impact on the aftermarket.

In terms of types, the motor vehicle parts market in Middle East is categorized into Motor Vehicle Body, Metal Stamping & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors. Further, in terms of application, Middle East motor vehicle parts market is segmented into passenger vehicles, commercial vehicles and industrial vehicles. Owing to its superior properties, end-users across industries such as Original Equipment Manufacturers (OEMs) and aftermarkets have started exhibiting strong demand for steel casting. Moreover, modern age production technologies like 3D printing of motor vehicles parts that enable efficient fabrication and reduce emission are being used extensively by major players in the aftermarket to optimize their production costs.

Middle East motor vehicle parts Market report thoroughly covers the market by type, application, end-users and countries including Saudi Arabia, Qatar, Bahrain, UAE and the rest of Middle East. Middle East motor vehicle parts market outlook report provides an unbiased and detailed analysis of the on-going Middle East motor vehicle parts market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Middle East Motor Vehicle Parts Market Outlook
• Middle East Motor Vehicle Parts Market Overview
• Middle East Motor Vehicle Parts Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East Motor Vehicle Parts Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Motor Vehicle Parts Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Motor Vehicle Parts Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Motor Vehicle Parts Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Qatar Motor Vehicle Parts Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Middle East Motor Vehicle Parts Market
• Market Drivers and Restraints
• Middle East Motor Vehicle Parts Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East Motor Vehicle Parts Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Application:
• Passenger Vehicle
• Industrial Vehicle
• Commercial Vehicle
• By End User:
• OEM
• Aftermarket
• By Type:
• Motor Vehicle Body, Metal Stamping & Other Parts
• Motor Vehicle Engine, Power Train & Parts
• Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors
• By Countries:
• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Rest of Middle East

Frequently Asked Questions About the Market Study (FAQs):