Jeddah, Saudi Arabia: Rising vehicle parc (vehicles in operation), in Saudi Arabia is setting the stage for solid growth in the Kingdom’s US$7.4 billion automotive aftermarket.
According to global research company Aranca, 10 million vehicles will ply Saudi roads by 2022, including 6.5 million passenger vehicles and 3.5 million commercial vehicles. As a result, demand for spare parts and related auto services will grow six percent annually, reaching a value of US$9.8 billion in 2022.
According to Aranca, car parc in Saudi Arabia stood at 7.3 million in 2017, with 438,000 new passenger cars and 110,000 new commercial vehicles sold for the year. Tires accounted for the greatest slice of revenue in the Saudi’s spare parts market, with a 30 percent share in 2017 (US$2.2 billion), followed by lubricants (US$1.4 billion), batteries (US$400 million), and other components (US$3.4 billion).
A market ripe with opportunity will be underlined by the 3rd edition of Automechanika Jeddah, which is licensed by Dubai-based Messe Frankfurt Middle East to their Saudi-headquartered partners – ACE Exhibitions.
The only dedicated trade show for the automotive aftermarket and service industry in the Kingdom’s western region, Automechanika Jeddah takes place from 26-28 February at the Jeddah Centre for Forums and Events, featuring more than 100 exhibitors from 20 countries awaiting fresh opportunities.
Mahmut Gazi Bilikozen, Automechanika Jeddah’s Show Director, said: “Saudi’s auto services sector will grow in the coming years. Longer warranty periods, vehicle parc, and environmental factors that lead to high wear and tear on car parts also provide added impetus in the auto aftermarket, with Automechanika Jeddah 2019 presenting an unrivalled platform for global suppliers to tap into emerging opportunities.”
The international presence at Automechanika Jeddah 2019 will be underlined by five country pavilions from Turkey, South Korea, China, Taiwan and Hong Kong. The show features exhibitors across the seven product groups of Parts & Components, Electronics & Systems, Accessories & Customizing, Repair & Maintenance, Dealer & Workshop Management, Car Wash, Care & Reconditioning, and Tyres & Batteries.
It will also feature the Truck Competence initiative, where more than half of the exhibitors will showcase their products dedicated to the entire value chain in the truck sector, from truck parts and accessories, to workshop equipment, body repair and care. More information is available at: www.automechanikajeddah.com.