Product Code: ETC361899 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The auto parts and accessories market in Saudi Arabia is a dynamic sector driven by the country`s significant automobile ownership. The market encompasses a wide range of products, including replacement parts, performance-enhancing accessories, and cosmetic add-ons. Local and international brands compete in this sector, offering consumers diverse choices for vehicle customization and maintenance. The market`s growth is influenced by factors such as economic conditions, changes in consumer preferences, and advancements in automotive technology. Additionally, the government`s regulations related to vehicle safety and emissions play a role in shaping the market landscape.
The Saudi Arabia auto parts and accessories market is driven by a combination of factors such as the growth of the automotive industry, increasing vehicle ownership, and the need for maintenance and replacement parts. As the country`s automotive sector continues to expand, there is a parallel rise in demand for various auto components and accessories. The modernization of vehicle fleets, advancements in technology, and a rising consumer preference for customization and enhancement of vehicles further contribute to the market`s growth. Moreover, the government`s initiatives to encourage local manufacturing and boost the automotive sector play a significant role in driving the production and availability of auto parts within the country.
The Saudi Arabia auto parts and accessories market encounters challenges related to counterfeiting, ensuring the availability of genuine parts, and addressing the increasing complexity of modern vehicle systems. Meeting consumer demands for affordability and quality presents ongoing challenges.
The auto parts and accessories market in Saudi Arabia faced disruptions during the COVID-19 pandemic due to reduced economic activity, lockdowns, and limitations on mobility. Reduced vehicle usage, delayed maintenance, and postponed vehicle purchases contributed to decreased demand for auto parts and accessories. Both the OEM and aftermarket segments were affected. Supply chain disruptions also impacted the availability of certain parts. However, as economic activities resumed and people preferred private transportation, the market gradually started to recover, driven by the need for vehicle maintenance and repair.
The Saudi Arabia auto parts and accessories market is dominated by some major players, such as Al-Futtaim Automotive Group, Zawya Motors Co. Ltd., SEDCO Holding Group, Storatk Car Care Centre, Windhoek Auto Parts & Accessories Company Ltd., Fawaz Refrigeration & Air Conditioning Co., Almajdouie Motors Company LLC, Aljomaih Automotive Company (AAC), Gulf Dynamic Switchgear Manufacturing Factory Co. Ltd., and Modern Industrial Investment Group (MIIG).