Middle East & Africa Heavy-duty Automotive After Market Size & Outlook
The heavy-duty automotive aftermarket market in Middle East & Africa is expected to reach a projected revenue of US$ 12,535.0 million by 2030. A compound annual growth rate of 5.5% is expected of Middle East & Africa heavy-duty automotive aftermarket market from 2024 to 2030.
Revenue, 2023 (US$M)
$8,633.9
Forecast, 2030 (US$M)
$12,535.0
CAGR, 2024 - 2030
5.5%
Report Coverage
Middle East & Africa
Middle East & Africa heavy-duty automotive aftermarket market, 2017-2030 (US$M)
Related Markets
MEA heavy-duty automotive aftermarket market highlights
- The MEA heavy-duty automotive aftermarket market generated a revenue of USD 8,633.9 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Exhaust components is the most lucrative replacement part segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 8,633.9 million |
| Market revenue in 2030 | USD 12,535.0 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Exhaust components |
| 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, Denso Corp, Mercedes-Benz Group AG, Dorian Drake International, Dorman Products Inc, Remy Cointreau |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.9% of the global heavy-duty automotive aftermarket market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 23,081.2 million by 2030.
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Heavy-duty Automotive Aftermarket Market Scope
Heavy-duty automotive aftermarket market segmentation & scope
Others
Heavy-duty Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa heavy-duty automotive aftermarket market
Middle East & Africa Heavy-duty Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa heavy-duty automotive aftermarket market
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