U.A.E E-Commerce Automotive Aftermarket Growth Opportunities, Market Share & Trends

Posted June 10, 2021 by Rahul_Gautam

U.A.E E-Commerce Automotive Aftermarket is Set for Lucrative Growth During 2021–2025
Due to the increasing public awareness about the greater convenience associated with the online purchase of automotive parts and components from aftermarket companies, aftermarket organizations operating in the automotive industry are rapidly turning toward digital platforms for selling their products. Factors such as the availability of a diverse range of items, discounts, offers, and smooth transactions and the timely delivery of products according to the consumers’ preferences are responsible for the growing popularity of the online shopping of aftermarket parts.

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Furthermore, many retailers operating in the U.A.E. are starting to sell automotive parts and components online for providing better product accessibility to their customers. As digital platforms allow customers to do exhaustive product research and comparison and help them better understand the various specifications of the products in comparison to the conventional brick and mortal stores, consumers in the U.A.E. are nowadays preferring these portals for buying automotive components over the traditional outlets.

Apart from the aforementioned factors, the growing popularity of do-it-yourself (DIY) methods is also positively impacting the popularity of the online shopping of vehicular components and parts in the country. Automobile enthusiasts and regular citizens are increasingly preferring servicing their vehicles themselves over taking them to the service centers or repair stores. This is pushing up the sales of automotive parts via e-commerce platforms. This is subsequently driving the progress of the U.A.E. e-commerce automotive aftermarket.

According to the forecast of P&S Intelligence, a market research company based in India, the valuation of the market will grow from $318.2 million in 2020 to $634.4 million by 2025. Furthermore, the market is predicted to progress at a CAGR of 14.8% between 2020 and 2025. In the U.A.E., aftermarket companies are selling automotive products and providing vehicle maintenance services via digital platforms. Between these, the demand for vehicle maintenance services provided via online channels is growing rapidly.

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Hence, it can be said with surety that the popularity of the online sales of automotive components will surge in the U.A.E. in the coming years, primarily because of the increasing penetration of the internet and the growing consumer preference for online shopping over buying from retail outlets in the country.
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Categories Automotive , Business , Industry
Tags uae ecommerce automotive aftermarket , uae ecommerce automotive aftermarket 2021 , uae ecommerce automotive aftermarket analysis , uae ecommerce automotive aftermarket outlook , uae ecommerce automotive aftermarket size
Last Updated June 10, 2021