The UAE’s aftermarket is growing rapidly. With the rising vehicle penetration and average age of the cars, the market is growing at a fast pace. The major reasons for this are the improved economic status and population growth of the UAE.
Moreover, the weather of the UAE is also playing its role in the vehicle’s durability - increasing the frequency of vehicle maintenance and aftermarket items. It then further promotes the market growth.
Besides, sustainable practices are also influencing the buyer’s behavior and UAE is staying ahead of the time by investing in electric vehicles (EVs), self-driving cars, and other innovative alternatives.
The UAE automotive aftermarket was roughly estimated at USD 7 billion in 2024. Now, it is expected to reach USD 8.4 billion by 2030.
Now, what is the competition, and what is influencing the aftermarket auto parts in UAE? Let’s talk about it in this article.
What Impacts the Automotive Industry when it Comes to Auto Parts?
The rising hospitality and logistics sectors will necessitate increased vehicle fleet maintenance requirements. Smart technology and linked vehicle solutions are now part of the integration process. Additionally, eco-friendly items such as green tires and sustainable car parts create new market potential.
As the number of EVs grows, so does the demand for specialized parts and services. Organized retail and branded service centers are increasing market demand for this business. However, a few issues can significantly impede market expansion.
The increasing prevalence of counterfeit parts raises security concerns and undermines consumer trust. Furthermore, economic shifts and reliance on oil prices might have an impact on regional market stability.
Top Factors Influencing The Automotive Aftermarket Industry
The aftermarket industry is important for the automotive sector, providing vehicle owners with a diverse range of products and services. It acts on the needs of the customers.
People have different budgets and needs, so to meet the requirements, this industry offers all the options for customizations as well. But influences the contribution of aftermarket? Here are the top factors for it that you need to discuss.
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The Increased Average Age of Vehicles Globally has Driven the Demand for the Aftermarket
Due to a lack of microchips, the global supply of new vehicles has dropped; buyers have been forced to cling to their cars. As a result, the average vehicle age has risen in most countries.
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Tourism Industry
As a significant travel and business destination, the UAE has a steady need for rental and fleet automobiles, which boosts the auto industry. As the demand rises, the use of auto spare parts also increases.
Most people are often traveling and therefore, they need convenience. So, the digitization is also suitable for the tourism industry.
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Retail & Distribution
The market is divided into three segments based on the distribution channel: Retailers, wholesalers, and distributors. Retailers controlled the market in this segment.
This can be ascribed to retailers' ease of access, which puts them ahead of wholesalers and distributors.
Furthermore, the growing effect of technical innovation is pushing the sector toward digitization. The aftermarket is moving online, and the market is changing. Online sales of parts and services are propelling the retailer segment's expansion even further.
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Online Marketplaces
E-commerce is also on the rise, and therefore, it is also playing a major role in the aftermarket automotive industry. You can find many online hub bearing suppliers in UAE, even on platforms like Amazon, eBay or even independent online stores. These providers give you one place to shop.
However, you can also find a reliable local store like Eparts Master to buy car spare parts in the UAE. The benefits of these marketplaces are convenience and accessibility, which enable the comparison of prices and delivery at the doorstep.
So, you can make an informed decision while buying auto parts.
Online marketplaces have also broadened the reach of smaller manufacturers and retailers, providing them with a platform to offer their products to a global audience.
Final Thought
When selecting among the leading competitors for auto spare parts in Dubai, the best one is based on the demand of customers. OEM auto parts are known for their high quality and offer better compatibility.
However, independent parts producers, on the other hand, offer a lower-cost alternative without sacrificing quality.
Retailers and online marketplaces provide ease and accessibility, allowing customers to compare options and make more educated judgments.
Service providers are critical for the appropriate installation and maintenance of aftermarket items, assuring their durability and functionality.
Now, if you are looking for reliable and best auto spare parts in UAE, Eparts Master is one of the top shops. All you need is to enter the required car details from years to model and make, search the parts you need, and order anytime.
The simple process allows you to buy hub bearings in UAE or any spare part for your vehicle while avoiding the hassle of shop-to-shop visits. So, get your order now.