Demand For Automotive Parts and Components in the Aftermarket

A number of factors, such as the increasing number of do-it-yourself (DIY) customers, growing customer convenience and awareness, surging vehicle sales, and rising number of road accidents, are projected to boost the growth of the U.A.E. e-commerce automotive aftermarket at a CAGR of 14.8% in the forecast period (2020–2025). At this growth rate, the market size is expected to reach$634.4 million by 2025from $318.2 million in 2020. Moreover, the government initiatives to drive the e-commerce sector and rise in the digitization rate in the country propel the market growth.

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The primary factor improving the U.A.E. e-commerce automotive aftermarket growth prospects is the rising customer convenience and awareness. The availability of several products, easy transaction, timely delivery as per consumers’ need, and extensive offers and discounts on e-commerce portals result in a shift from buying parts from traditional stores to online parts purchasing. Thus, several sellers are now trading their automotive parts online, for better accessibility. Also, the portals offer wide-ranging product details to allow customers to understand the specifications and compare products of a similar kind.

Moreover, the increasing number of DIY customers is driving the growth of the U.A.E. e-commerce automotive aftermarket. Due to the rise of the DIY culture in the country, auto enthusiasts and customers have been upgrading their vehicles by themselves. This propels the demand for automotive parts and components in the aftermarket, which are widely being purchased from online portals. Apart from the enthusiasts, maintenance and service centers and mechanics are also buying the products through thee-commerce channel, which, in, turn, drives the market growth.

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Thus, the rising customer convenience and awareness regarding online parts purchasing and the expanding DIY culture in the U.A.E. are expected to propel the growth of the market during the forecast period.