14/06/2024
Ekonomi

KSA Automotive Repair and Maintenance Market Share, Demand, Growth Drivers, Upcoming Trends, Challenges and Future Opportunities 2024–2033: SPER Market Research

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Maintenance and repair of various vehicle parts and services, including gear, engine, and brake oil, is referred to as automotive maintenance and servicing. Auto mechanics that provide this service diagnose automobile faults, do regular maintenance and inspections, find problems, go over choices with clients, and determine the best course of action for resolving them. It also includes businesses that provide auto repair and maintenance services, such as tire and battery replacement, wear-and-tear part replacement, oil, cabin, and air filter replacement, wiper blade replacement, collision body replacement, starter and alternator replacement, and other parts replacement to prolong the life of automobiles.

According to SPER market research, Saudi Arabia Automotive Repair and Maintenance Market Size – By Service Type, By Vehicle Type, By Service Provider – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Automotive Repair and Maintenance Market is predicted to reach USD 3.48 billion by 2033 with a CAGR of 8.57%.

Drivers:

The nation’s ongoing road infrastructure upgrade and expansion are the market’s main drivers. Because long-distance travel and greater road usage result in additional wear and tear on cars, there is an increase in demand for maintenance and repair services as Saudi Arabia invests in new highways and transportation networks.

The logistics and transportation industries, in addition to owners of individual vehicles, are the main users of maintenance services. Trucks, vans, and heavy-duty vehicles are examples of commercial vehicles that need to have routine maintenance performed to guarantee both operational safety and efficiency.

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Challenges:

However, there are challenges facing the automotive repair and maintenance industry, including changing consumer tastes and an increasing trend toward Do-It-Yourself (DIY) repairs, which are made possible by readily available information and online tutorials. The COVID-19 pandemic also had a major effect on the sector, causing supply chain interruptions, customer behavior changes, and demand-affecting lockdowns.

Furthermore, it’s expected that the dynamic raw material prices and the increasing demand for shared mobility will restrain the statistics’ ability to increase in the auto repair industry.

Saudi Arabia’s vehicle repair and maintenance industry has been severely damaged by the COVID-19 outbreak. Travel restrictions, lockdowns, and erratic economic conditions caused a sharp decline in the demand for automotive services. Due to their restricted means of transportation and resources, many car owners put off essential maintenance and repairs. Repaired parts and components were difficult to get due to supply chain disruptions, which made repairs even more difficult. Over time, the vehicle repair and maintenance industry had a slow recovery as the country’s economy began to expand again.

Additionally, Some of the market key players are Ezhalha, E.A. Juffali & Brothers, Al Jazirah Vehicles Agencies Co. Ltd., Petromin Corporation, Al Jomaih Group (ACDelco Service Centers), Haji Husein Alizera & Co. Ltd., Mohamed Yousuf Naghi & Brothers Group, Others.

Saudi Arabia Automotive Repair and Maintenance Market Segmentation:

By Service Type: Based on the Service Type, Saudi Arabia Automotive Repair and Maintenance Market is segmented as; Engine Oil, Gear Oil, Brake Oil, Grease, Tires, Batteries, Wear & Tear Parts, Air Filter, Cabin Filter, Oil Filter, Wiper Blades, Collision Body, Starters & Alternators.

By Service Providers: Based on the Distribution Channel, Saudi Arabia Automotive Repair and Maintenance Market is segmented as; Automobile Dealerships, Franchise General Repairs, Specialty Shops, Locally Owned Repair Shops/Body Shops, Tire Shops, Others.

By Vehicle Type: Based on the Vehicle Type, Saudi Arabia Automotive Repair and Maintenance Market is segmented as; Passenger Cars, LCV, HCV.

By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Saudi Arabia Automotive Repair and Maintenance Market Future Outlook

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SPER Market Research

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