PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1255268
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1255268
According to SPER Market Research, the KSA Automotive Aftermarket Industry is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The automotive aftermarket is the market for automotive parts, accessories, and services sold to consumers after the manufacturer's initial sale of a vehicle. This category contains a wide range of products and services meant to improve, repair, or customize vehicles. KSA Automotive Aftermarket refers to the Kingdom of Saudi Arabia's market for automotive parts, accessories, and services. This encompasses a wide range of products and services supplied to clients for car maintenance, repair, and modification. Automotive Aftermarket offers a broad range of products and services, including replacement parts, performance parts, accessories, tyres, lubricants, and batteries, as well as maintenance, repair, and customization. These goods and services are available through a variety of outlets, such as car parts stores, online sellers, and service facilities.
The KSA Automotive Aftermarket is a significant industry in Saudi Arabia, creating employment and adding to the country's economy. The sector is likely to expand further in the next years, owing to reasons such as rising vehicle sales, the need for routine maintenance and repair, and rising demand for customization and performance enhancements.
The COVID-19 epidemic has had a huge influence on the KSA Automotive Aftermarket, as well as many other businesses worldwide.
The epidemic has had the following effects on the KSA Automotive Aftermarket:
Supply chain disruption: The pandemic has disrupted the worldwide supply chain, reducing the availability of parts and components required for maintenance and repairs. Several customers have experienced service and repair delays as a result of this.
Decreased demand: The epidemic has also reduced demand for automotive aftermarket items and services, as people are driving less as a result of lockdowns and movement restrictions. As a result, income for enterprises in the industry has decreased.