TMCnet News
UAE Automotive Aftermarket Report 2023: Competition, Forecasts & Opportunities, 2018-2028 - Increase in Vehicle Safety Concern Fuels GrowthDUBLIN, March 29, 2023 /PRNewswire/ -- The "UAE Automotive Aftermarket, By Vehicle Type (Passenger Cars, Commercial Vehicles), By Component (Tires, Spark Plugs, Air Filter, Fuel Filter, Brake Pad, Brake Shoe, Brake Calliper, Batteries, Others), By Service Channel, By Region, Competition Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering. 
Increased vehicle production and sales and the growing used car market, coupled with the increasing number of road accidents and stringent road safety regulations, are playing a significant role in the growth of the UAE automotive aftermarket. Also, the rapid adoption of online platforms by the market players and the use of advanced software and technologies by the service providers to handle complex technical problems and provide excellent services to customers are anticipated to create lucrative growth opportunities for the UAE automotive aftermarket. The rise in awareness among consumers about the benefits of regular check-ups and maintenance of vehicles contributes to market growth. Also, the growing popularity of the used car market among consumers due to its high affordability over buying new cars is expected to influence the market demand. Used vehicles are more prone to getting damaged by part failure or wear or tear of the automotive components and require automotive aftermarket services. The growing number of retailers providing automotive aftermarket services to meet the increasing consumer requirements is expected to accelerate the market demand in the next five years. According to the World Health Organization, almost two people die every day in UAE due to road accidents. The rising number of road accidents is leading to a surge in demand for aftermarket components to replace the components having wear and tear. The government has implemented strict vehicle safety regulations to combat and reduce the number of road accidents happening every day. Based on government regulations, passenger car tires must be sold within two years of their manufacturing date and should be replaced within five years. Vehicle owners who cannot adhere to the guidelines are fined heavily, thereby fueling the need for timely service and maintenance. Lighting, tires, oil, and transmission fluids, the suspension system should be checked regularly as a part of preventive maintenance and regular check-up to avoid the occurrence of road accidents. The growing consumer awareness and vehicle safety concerns are expected to bolster the demand for UAE automotive aftermarkets over the next five years. Online shopping provides the flexibility to customers to compare products on a single platform, avail of hefty discounts, and get the products delivered to their doorstep. Customers can get complete information about the product and services by reading the product specification and can get help by chatting or calling the customer service executive. The majority of retailers are shifting towards online sales platforms to expand the consumer base and reach remote locations. The market players' high online sales platform adoption is expected to propel the UAE automotive aftermarket growth over the next five years. Competitive Landscape
Report Scope:
UAE Automotive Aftermarket, By Component:
UAE Automotive Aftermarket, By Application:
UAE Automotive Aftermarket, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/divqf7 About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets 
|
View original content: