A Quick Overview of Middle East Auto Component Market
The key object of this report on the Middle East Auto Component Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Middle East Auto Component Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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Middle East Auto Component Market Scenario:
The Middle East Auto Component Market is expected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the high-income population and the mounting influx of migrants & tourists, especially in the UAE. Consequently, the ever-increasing vehicle production & sales are augmenting the demand for different auto components, such as brake parts, batteries, lubricants, tires, & filters, among others, across the entire Middle East.
Besides, various ongoing & upcoming infrastructural development projects in the region, owing to rising government focus on diversifying the economy away from the oil & gas sector, are leading to the expansion of the building & construction sector, i.e., augmenting the sales of OTR & commercial vehicles and, in turn, promulgating auto component sales.
Middle East Auto Component Market Segmentation Analysis:
Middle East Auto Component Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- OTR
- Two wheelers
By Component Type
- Filters
- Lubricants
- Tires
- Brake Components
- Battery
By Distribution
- OEMs
- Replacement
By Country
- UAE
- Saudi Arabia
- Iran
- Israel
- Oman
- Kuwait
- Qatar.
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Who are the Key Market Players in the Middle East Auto Component Market?
In the fast-changing Middle East Auto Component Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Middle East Auto Component market ruling the industry are:
List of Key Companies Profiled:
- Johnson Control International Plc
- Goodyear Middle East FZE
- Robert Bosch Middle East
- ExxonMobil Middle East Marketing Corp.
- Shell Markets Middle East
- AC Delco Middle East and Africa
- Amaron Batteries
- Michelin AIM FZE
- The Yokohama Rubber Co. Ltd.
- Bridgestone Middle East and Africa FZE.
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