According to P&S Intelligence, the e-commerce automotive aftermarket in the UAE will grow by 14.8% CAGR by 2025
NEW YORK, March 16, 2021 / PRNewswire / – Vehicle sales in the UAE rose from around 194,000 in 2017 to 263,000 units in 2019. The growing automotive industry will be a major contributor to the growth of the e-commerce automotive aftermarket in the UAE $ 318.2 million in 2020 to $ 634.4 million by 2025, with a CAGR of 14.8% between 2020 and 2025. As more vehicles are sold, the demand for their replacement components will also increase.
Additionally, the UAE’s e-commerce aftermarket is being driven by the country’s increasing internet penetration. Online shopping websites allow customers to compare different products on one platform, take advantage of high discounts and other offers, pay electronically and have the products delivered to their home.
The COVID-19 pandemic has impacted the UAE e-commerce automotive aftermarket in many ways. Above all, factory closings have resulted in low production and sales of vehicles and their spare parts. In addition, the restriction of movement reduced the number of vehicles on the roads, which led to a decrease in the number of traffic accidents and, consequently, a decrease in the need for car repairs and overhauls.
Key Findings from the UAE Automotive Aftermarket E-Commerce
- Growing DIY culture boosting auto parts sales online
- Lubricants account for the highest online product sales
- Direct-to-Consumer (DTC) remains the preferred product distribution channel
- Increase in private labels with lucrative growth opportunities
- Auto parts sales are trendy in the United Arab Emirates
- Tires are the most frequently serviced vehicle component
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Product split historically led the UAE e-commerce automotive aftermarket by type. The increasing number of do-it-yourself (DIY) customers is driving auto parts sales in the country. With the convenience offered by online shopping platforms, residents are quickly switching to them from traditional brick and mortar stores.
In the coming years, the highest CAGR is expected to be recorded in the UAE e-commerce automotive aftermarket product sub-segment on a consumer-to-consumer basis of 15.2% in business-to-small-business (B2SB). Category. With the growing number of tourists in the country, the demand for passenger cars has increased, which has encouraged many small auto parts dealers to expand. However, as a small business, they often don’t own all of the parts, which is why they buy them online.
Search the report overview with detailed tables of contents for the E-Commerce Automotive Aftermarket Research Report of the UAE: By component (tires, lubricants, battery, auto parts), channel (third-party supplier, direct-to-consumer), consumer (B2C, B2BB, B2SB), Service providers (car dealerships, franchise general repairs, specialist shops, local repair shops / body shops, tire shops) – industry analysis and growth forecast up to 2025 @ https://www.psmarketresearch.com/market-analysis/uae-e-commerce-automotive-aftermarket
The component-based tire category will continue to hold the largest share in the service sub-segment of the UAE’s e-commerce automotive aftermarket for the near future. With rapid urbanization and industrialization, sales of cars and commercial vehicles are increasing in the country. The increasing demand for car tires, coupled with the lack of time to replace them in the workshops, is driving the popularity of online service providers who not only deliver the tires to customers but also fit them for the vehicle owners.
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The major players in the UAE ecommerce automotive aftermarket are Amazon.com Inc., Ubuy Inc., Noon E Commerce (Noon.com),Majid Al Futtaim Holding (Carrefour) and Carbox auto parts.
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