Middle East & Africa Automotive After Market Size & Outlook
Middle East & Africa automotive aftermarket market, 2017-2030 (US$M)
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MEA automotive aftermarket market highlights
- The MEA automotive aftermarket market generated a revenue of USD 55,144.7 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 55,144.7 million |
| Market revenue in 2030 | USD 74,677.9 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Goodyear Tire & Rubber Co, Denso Corp, HELLA GmbH & Co KGaA, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 12.3% of the global automotive aftermarket market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 185,505.5 million by 2030.
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Automotive Aftermarket Market Scope
Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa automotive aftermarket market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive aftermarket market will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 22.51% in 2023. Horizon Databook has segmented the Middle East & Africa automotive aftermarket market based on tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, exhaust components, turbochargers covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa automotive glass aftermarket is predicted to witness significant growth over the coming years. The growth can be attributed to the increasing vehicle fleet size in the Middle East & Africa. Saudi Arabia, the UAE, and Kuwait were the major markets for automotive glass aftermarket in the region as these countries have significant vehicular fleets.
Another significant factor contributing to the demand of aftermarket automotive glass is the significant road traffic accident rate. Most of the countries in the region are among the top 100 countries in terms of road traffic fatalities.
For instance, according to the WHO, Libya was ranked forty-sixth in the world in terms of road traffic fatalities, with a fatality rate of 27.75 per 100,000 inhabitants. This factor coupled with the rising number of vehicles in the region is expected to benefit the aftermarket automotive glass demand in the region over the coming years.
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Target buyers of Middle East & Africa automotive aftermarket market databook
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Our clientele includes a mix of automotive aftermarket market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automotive aftermarket market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA automotive aftermarket size, by country, 2017-2030 (US$M)
Middle East & Africa Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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