Please Wait.....
Report
Saudi Arabia Spare Parts Market By Vehicle Type (Passenger Cars, Commercial Vehicles), By Component (Tires, Spark Plugs, Air Filter, Fuel Filter, Brake Pad, Brake Shoe, Brake Caliper, Batteries, Others), By Service Channel (DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM's)), By Region, Competition, Forecast & Opportunities, 2027
Market Report I 2022-09-29 I 79 Pages I TechSci Research
Saudi Arabia spare parts market is expected to grow at a robust rate in the forecast period, 2023-2027. Factors such as the rise in the average age of vehicles and the use of novel and advanced technologies in automotive spare parts manufacturing drive the demand for Saudi Arabia spare parts market. The growing popularity of the e-commerce channels and increased focus on ensuring vehicle and passenger safety while riding automobiles are expected to influence the market demand.
Due to their high per capita income and improved living conditions in the cities, Saudi Arabians are able to invest in the purchase of private vehicles. One of the main reasons Saudi Arabia prioritizes the development of the automotive sector is that the majority of the global automotive market is import-driven. The main objective of National Industrial Development Center (NIDC ) under Saudi Vision 2030 is to bring in three to four original equipment manufacturers. The target is to produce 300,000 vehicles annually, representing 40% of local auto output. Government helps the car industry by offering financial aid, tax breaks, and incentives to automakers. Driving aggressively and quickly, as well as during harsh weather, have a negative impact on how well cars work. To increase the effectiveness and performance of automobiles, market participants are introducing technologically sophisticated spare parts. For the next five years, it is anticipated that the Saudi Arabian spare parts market will grow more quickly due to rising consumer knowledge regarding vehicle safety and maintenance as well as the arrival of local market participants.
The Saudi Arabia spare parts market is segmented into vehicle type, component, service channel, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. Passenger cars are expected to hold the largest market share during the forecast period, 2023-2027. The market is driven by customers' shifting preferences for owning private cars for daily commute purposes. Consumer demand for passenger cars is rising due to rising spending power and living standards. Depending on the route and road conditions, cars have an average lifespan of over 12 years, which increases the need for routine maintenance on passenger vehicles.
The major market players operating in the Saudi Arabia spare parts market are Goodyear Middle East, Robert Bosch GmbH, Bridgestone Corp., Yokohama Rubber Company Limited, Schaeffler Technologies AG & Co., Exide Industries Limited, Continental AG, Hyundai Mobis, Denso Corporation, and BorgWarner Inc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia spare parts market from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia spare parts market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast the Saudi Arabia spare parts market based on vehicle type, component, service channel, region, and company.
- To identify the dominant region or segment in the Saudi Arabia spare parts market.
- To identify drivers and challenges for the Saudi Arabia spare parts market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia spare parts market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia spare parts market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia spare parts market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia spare parts market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia spare parts market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Spare Parts Market, By Vehicle Type:
o Passenger Cars
o Commercial Vehicles
- Saudi Arabia Spare Parts Market, By Component:
o Tires
o Spark Plugs
o Air Filter
o Fuel Filter
o Brake Pad
o Brake Shoe
o Brake Calliper
o Batteries
o Others
- Saudi Arabia Spare Parts Market, By Service Channel:
o DIFM (Do it for Me)
o DIY (Do it Yourself)
o OE (Delegating to OEM's)
o Above 300 kWh
- Saudi Arabia Spare Parts Market, By Region:
o Northern & Central
o Southern
o Eastern
o Western
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia spare parts market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Spare Parts Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Aided Brand Recall and Unaided Brand Recall
5.3. Brand Satisfaction Level
6. Saudi Arabia Spare Parts Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value and Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Cars, Commercial Vehicles)
6.2.2. By Component (Tires, Spark Plugs, Air Filter, Fuel Filter, Brake Pad, Brake Shoe, Brake Calliper, Batteries, Others)
6.2.3. By Service Channel (DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM's))
6.2.4. By Region
6.2.5. By Company (2021)
6.3. Product Market Map (By Component, By Region)
7. Saudi Arabia Passenger Car Spare Part Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value and Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Hatchback, Sedan, SUV/MPV)
7.2.2. By Component
7.2.3. By Service Channel
8. Saudi Arabia Commercial Vehicle Spare Part Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value and Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Bus, Truck)
8.2.2. By Component
8.2.3. By Service Channel
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends and Developments
11. Policy and Regulatory Landscape
12. Saudi Arabia Economic Profile
13. Competitive Landscape
13.1. Company Profiles (Partial List of Leading Companies)
13.1.1. Goodyear Middle East
13.1.2. Robert Bosch GmbH
13.1.3. Bridgestone Corp.
13.1.4. Yokohama Rubber Company Limited
13.1.5. Schaeffler Technologies AG & Co.
13.1.6. Exide Industries Limited
13.1.7. Continental AG
13.1.8. Hyundai Mobis
13.1.9. Denso Corporation
13.1.10. BorgWarner Inc.
14. Strategic Recommendations
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security