Saudi Arabia Vehicle Reparation Market, By Service Area (Automotive Mechanical and Electrical Parts, Automotive Body Parts, Tire, Paint, Interior Parts, Glass, Others), By Vehicle Type, By Service Provider, By Channel, By Region, Competition, Forecast & Opportunities, 2027

The Saudi Arabian Vehicle Reparation Market was valued at USD982.29 million in 2021 and is anticipated to grow with a CAGR of 3.52% in the forecast period, 2023-2027, to achieve a market value of USD1204.54 million by 2027F. The market growth can be attributed to the growing demand for automobiles in the country among consumers. Higher purchase value of automotive further substantiates the demand for vehicle reparation since repair costs are much lower as compared to buying newer automobiles. The booming automobile fleet and social factors like the removed ban from women drivers further drive the growth of the Saudi Arabian Vehicle Reparation Market in the upcoming five years. End-user automobiles like FMCG industry, e-commerce industry, etc., along with the disposable income among the industry, further supports the growth of the Saudi Arabian Vehicle Reparation Market in the next five years. Moreover, an increasing number of companies that are involved with aftermarket practices like maintenance and servicing of the automotive to enhance functioning and lifeline of the vehicles through various processes like replacing parts such as tires, batteries, wear & tear parts, air filter, cabin filter, oil filter, wiper blades, collision body, starters & alternators, and others are also positively influencing the growth of the Saudi Arabian Vehicle Reparation Market in the future five years. Technological advancement in the vehicles, higher life of vehicles due to those advancements may hinder the growth of the vehicle reparation market in Saudi Arabia. However, the cheaper cost of maintenance, lower cost of labor, rise in the average miles driven per vehicle, and surge in road safety awareness in people may overcome the setbacks and further substantiate the growth of the Saudi Arabian Vehicle Reparation Market in the forecast years, until 2027.

The Saudi Arabian Vehicle Reparation Market is segmented by service area, vehicle type, service provider, channel, regional distribution, and competitive landscape. Based on vehicle type, the market is fragmented into two-wheeler, passenger car, LCV, and M&HCV. The passenger cars sub-segment is anticipated to hold the largest revenue shares and dominate the market segment in the upcoming five years on account of its increasing ownership among the population of the Kingdom of Saudi Arabia. Moreover, the rise in the demand for electric vehicles and utilization of technologically advanced systems in the vehicles are further anticipated to drive the growth of the Saudi Arabian Vehicle Reparation Market in the future five years.

Abdul Latif Jameel IPR Company Limited, SMC Auto Service Broker LLC, Ezhalha, E.A. Juffali & Brothers (Juffali Automotive Company), Al Jazirah Vehicles Agencies Co. Ltd., Petromin Corporation, Al Jomaih Group (ACDelco Service Centers), Haji Husein Alireza & Co. Ltd., Mohamed Yousuf Naghi & Brothers Group, Aljabr Group, are among the major market players in the Saudi Arabia platform that lead the market growth of the Saudi Arabian Vehicle Reparation Market.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze and estimate the market size of the Saudi Arabian Vehicle Reparation Market from 2017 to 2021.
• To estimate and forecast the market size of the Saudi Arabian Vehicle Reparation Market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast the Saudi Arabian Vehicle Reparation Market based on service area, vehicle type, service provider, channel, regional distribution, and competitive landscape.
• To identify dominant region or segment in the Saudi Arabian Vehicle Reparation Market.
• To identify drivers and challenges for the Saudi Arabian Vehicle Reparation Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabian Vehicle Reparation Market.
• To identify and analyze the profile of leading players operating in the Saudi Arabian Vehicle Reparation Market.
• To identify key sustainable strategies adopted by the market players in the Saudi Arabian Vehicle Reparation Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of service providers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the service providers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Saudi Arabian Vehicle Reparation Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Service providers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Saudi Arabian Vehicle Reparation Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Saudi Arabia Vehicle Reparation Market, Service Area:

• Automotive Mechanical and Electrical Parts
• Glass
• Automotive Body Parts
• Paint
• Tire
• Interior Parts
• Others

Saudi Arabia Vehicle Reparation Market, By Vehicle Type

• Passenger Car
• LCV
• M&HCV
• Two-Wheeler

Saudi Arabia Vehicle Reparation Market, By Service Provider

• Franchise General Repairs
• Automobile Manufacturers
• Locally Owned Repair Shops

Saudi Arabia Vehicle Reparation Market, By Channel

• Offline
• Online

Saudi Arabia Vehicle Reparation Market, By Channel

• Al-Riyadh
• Eastern Region
• Makkah Al-Mokarramah
• Aseer, Al-Qaseem
• Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabian Vehicle Reparation Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.