Automotive industry professionals attended a two-day roadshow across Saudi Arabia’s Eastern and Central regions, looking at ways to boost access to the Kingdom’s auto aftermarket, where revenues are estimated to be worth $8.9 billion in 2021.
The Automechanika Riyadh 2018 launch event toured Riyadh and Dammam. Over 150 manufacturers, distributors, suppliers, traders, key buyers and government representatives discussed opportunities for new and existing companies in the GCC’s largest automotive market.
With 354,000 cars sold in the first half of 2016, Saudi Arabia is ranked 21st in the world in vehicle sales volume, according to research analysts GfK, while approximately 8,440 outlets currently service the aftermarket dealing in tires, batteries, spare parts and engine oils.
More than half of these (4,473 outlets) are in the Eastern and Central regions according to GfK, presenting plenty of scope for suppliers and manufacturers to boost their distribution networks and partnerships.
This is why there has been plenty of interest from the global auto aftermarket community in the very first edition of Automechanika Riyadh, the largest dedicated trade show for Saudi Arabia’s aftermarket in the Eastern and Central regions.
The biennial trade fair, which takes place from Feb. 5 to 7, 2018, at the Riyadh International Convention & Exhibition Center, is set to give international players a major lift in Saudi Arabia’s spare parts market, which is well on the road to recovery.
According to analysts Frost & Sullivan, the total revenues in the Kingdom’s automotive aftermarket, including Jeddah, Riyadh, Dammam, Dhahran and Alkhobar, will grow 5.1 percent annually over the next five years, reaching SR 33.62 billion ($8.9 billion) in 2021. The chief factor driving this growth is a surge in vehicle numbers, with 10.3 million cars expected to ply the Kingdom’s roads by 2021, up from 7.7 million in 2015.
Major revenue is expected to be generated by regular maintenance parts such as tires (SR10.5 billion), batteries (SR1.56 billion) and lubricants (SR6.01 billion), while brake pads are expected to account for almost 25 percent of “other parts” category (SR15.55 billion).
Automechanika Riyadh 2018 is expected to feature more than 150 exhibitors from 20 countries, with organizers Messe Frankfurt Middle East and ACE Group confirming exhibitors have signed on early as official launch partners.
The Automechanika Riyadh 2018 launch event toured Riyadh and Dammam. Over 150 manufacturers, distributors, suppliers, traders, key buyers and government representatives discussed opportunities for new and existing companies in the GCC’s largest automotive market.
With 354,000 cars sold in the first half of 2016, Saudi Arabia is ranked 21st in the world in vehicle sales volume, according to research analysts GfK, while approximately 8,440 outlets currently service the aftermarket dealing in tires, batteries, spare parts and engine oils.
More than half of these (4,473 outlets) are in the Eastern and Central regions according to GfK, presenting plenty of scope for suppliers and manufacturers to boost their distribution networks and partnerships.
This is why there has been plenty of interest from the global auto aftermarket community in the very first edition of Automechanika Riyadh, the largest dedicated trade show for Saudi Arabia’s aftermarket in the Eastern and Central regions.
The biennial trade fair, which takes place from Feb. 5 to 7, 2018, at the Riyadh International Convention & Exhibition Center, is set to give international players a major lift in Saudi Arabia’s spare parts market, which is well on the road to recovery.
According to analysts Frost & Sullivan, the total revenues in the Kingdom’s automotive aftermarket, including Jeddah, Riyadh, Dammam, Dhahran and Alkhobar, will grow 5.1 percent annually over the next five years, reaching SR 33.62 billion ($8.9 billion) in 2021. The chief factor driving this growth is a surge in vehicle numbers, with 10.3 million cars expected to ply the Kingdom’s roads by 2021, up from 7.7 million in 2015.
Major revenue is expected to be generated by regular maintenance parts such as tires (SR10.5 billion), batteries (SR1.56 billion) and lubricants (SR6.01 billion), while brake pads are expected to account for almost 25 percent of “other parts” category (SR15.55 billion).
Automechanika Riyadh 2018 is expected to feature more than 150 exhibitors from 20 countries, with organizers Messe Frankfurt Middle East and ACE Group confirming exhibitors have signed on early as official launch partners.
