The Market

On the road to lucrative markets

UAE acts as the gateway to many regional markets including Saudi Arabia-the biggest importer of vehicle components and accessories in the Middle East and the huge Iranian market. UAE’s flexible banking sector, import/export duty structure, efficient logistics infrastructure and highly experienced international traders compared to many other Middle Eastern countries are the main factors for its popularity.

Facts that drive the market forward

1. It is estimated there are over 6 million vehicles in the Kingdom of Saudi Arabia.
2. Automotive aftermarket imports, excluding tyres, exceeded US $ 665 million last year in the Kingdom of Saudi Arabia.
3. Car owners are keeping their vehicles longer. Therefore the market for spare parts, particularly brake parts and batteries, is experiencing double digit growth.
4. Last year replacement vehicle components accounted for over 60% of automotive aftermarket imports to the Middle East.
5. Climate and long travel distances are additional factors contributing to the need for spare parts and garage equipment.
6. The influx of used cars in the Middle East generates further demand, since many vehicles require repairs and reconditioning before being sold.