Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler, OTR), By Component (Engine Parts, Body & Chassis, Suspension & Brakes, Drive Transmission & Steering Parts, Electrical Parts, Equipments), By Demand Category (OEM, Replacement) And Competitive Landscape
Product Code: ETC402594 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
The Middle East Automotive Components Market is likely to grow tremendously over the forecast period as the sector is driven by numerous growth factors which include the growing demand for comfort and safety features, growing vehicle production and the requirement for lightweight components in order to enhance fuel efficiency.
According to 6Wresearch, the Middle East Automotive Components Market size is anticipated to grow at a higher growth rate during 2023-2029. The industry in the region is one of the crucial industries and it is driven by many factors like growing vehicle production, growing demand for safety as well as comfort features, and the requirement for lightweight components in order to improve fuel efficiency. Qatar, Saudi Arabia, Iran, Kuwait, and UAE are some of the countries in the continent contributing to the Middle East Automotive Components Market Growth. These nations are estimated to witness faster growth in their automotive markets in the near future, which will stimulate the automotive components market in the region as it is a crucial part of the Middle East Automotive Industry.
The sector in the region is diverse and it includes components like suspension systems, engine components, electronics, braking systems, and others. The industry is dominated by local as well as international companies, with automotive component manufacturers. There is a rising trend towards the adoption of e-vehicles in the region, which led to a rise in demand for electric vehicle components in the continent. The trend will continue in the years to come since the governments in the Middle East are introducing a number of initiatives and incentives to promote the adoption of electric vehicles.
The future of this industry is promising as electric vehicles are the future of the automotive industry. The sector has been gaining growth and it will gain more growth in the future. The industry players are working hard to provide quality to their key consumer industry.
The pandemic had a severe impact on the automotive industry, which also includes the Automotive Components Market in the Middle East. The sector has been hit hard by the coronavirus pandemic, with a number of factors contributing to the decline in demand for automotive components in the continent.
One of the key factors that disrupted the sector growth and decline in the Middle East Automotive Components Market Share was the slowdown in the automotive industry, which impacted the demand for automotive components in the region. The decline in demand for vehicles led to a reduction in the demand for automotive components, which also include suspension systems, electrical systems, engine components, and among others.
Moreover, the pandemic disrupted the supply chains, which affected the availability of automotive components. The closure of factories, as well as manufacturing plants, disruptions in transportation, and border closures, resulted in delays in the delivery of automotive components, which further disrupted the sector's growth.
The decline in oil costs also affected the growth of this industry as it led to a reduction in government spending in the continent. The decreased government spending led to a downfall in demand for vehicles which affected the sector negatively.
On the basis of countries, the Middle East Automotive Components Industry is divided into Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey. The demand for automotive components is rising more from the countries which include UAE, Qatar, Kuwait, and Saudi Arabia.
On the basis of vehicle type, the market is divided into Passenger cars, Light Commercial vehicles, Medium & Heavy Commercial vehicles, two-wheelers, three-wheelers, and OTR. All these segments are likely to grow in the market.
On the basis of components, the sector is divided into Engine Parts, Body & Chassis, Suspension & Brakes, Drive Transmission & Steering Parts, Electrical Parts, and Equipment. All these component segments are projected to grow in the future.
On the basis of demand category, the industry is divided into OEM and Replacement. Both these demand category segments can rise in the sector.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Automotive Components Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Automotive Components Market Revenues & Volume, 2022 & 2029F |
3.3 Middle East Automotive Components Market - Industry Life Cycle |
3.4 Middle East Automotive Components Market - Porter's Five Forces |
3.5 Middle East Automotive Components Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Middle East Automotive Components Market Revenues & Volume Share, By Vehicle Type, 2022 & 2029F |
3.7 Middle East Automotive Components Market Revenues & Volume Share, By Component, 2022 & 2029F |
3.8 Middle East Automotive Components Market Revenues & Volume Share, By Demand Category, 2022 & 2029F |
4 Middle East Automotive Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Automotive Components Market Trends |
6 Saudi Arabia Automotive Components Market, 2019 - 2029 |
6.1.1 Saudi Arabia Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
6.1.2 Saudi Arabia Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
6.1.3 Saudi Arabia Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
7 UAE Automotive Components Market, 2019 - 2029 |
7.1 UAE Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
7.2 UAE Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
7.3 UAE Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
8 Qatar Automotive Components Market, 2019 - 2029 |
8.1 Qatar Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
8.2 Qatar Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
8.3 Qatar Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
9 Kuwait Automotive Components Market, 2019 - 2029 |
9.1 Kuwait Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
9.2 Kuwait Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
9.3 Kuwait Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
10 Oman Automotive Components Market, 2019 - 2029 |
10.1 Oman Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
10.2 Oman Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
10.3 Oman Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
11 Bahrain Automotive Components Market, 2019 - 2029 |
11.1 Bahrain Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
11.2 Bahrain Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
11.3 Bahrain Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
12 Turkey Automotive Components Market, 2019 - 2029 |
12.1 Turkey Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
12.2 Turkey Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
12.3 Turkey Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
13 Rest of Middle East Automotive Components Market, 2019 - 2029 |
13.1 Rest of Middle East Automotive Components Market, Revenues & Volume, By Vehicle Type, 2019 - 2029 |
13.2 Rest of Middle East Automotive Components Market, Revenues & Volume, By Component, 2019 - 2029 |
13.3 Rest of Middle East Automotive Components Market, Revenues & Volume, By Demand Category, 2019 - 2029 |
14 Middle East Automotive Components Market Key Performance Indicators |
15 Middle East Automotive Components Market - Opportunity Assessment |
15.1 Middle East Automotive Components Market Opportunity Assessment, By Countries, 2022 & 2029F |
15.2 Middle East Automotive Components Market Opportunity Assessment, By Vehicle Type, 2022 & 2029F |
15.3 Middle East Automotive Components Market Opportunity Assessment, By Component, 2022 & 2029F |
15.4 Middle East Automotive Components Market Opportunity Assessment, By Demand Category, 2022 & 2029F |
16 Middle East Automotive Components Market - Competitive Landscape |
16.1 Middle East Automotive Components Market Revenue Share, By Companies, 2022 |
16.2 Middle East Automotive Components Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |