Jeddah, Saudi Arabia: Saudi’s foremost auto aftermarket trade fair opened today (26 February) in Jeddah, with more than 80 exhibitors from 15 countries tapping into the Kingdom’s auto services and spare parts market that’s estimated to grow six percent annually over the next five years.

 

Running until tomorrow (27th February) at the Jeddah Hilton Hotel, Automechanika Jeddah 2019 arrives in its 3rd edition as new government policies and a significant boost in car parc (vehicles in operation) fuel rising demand for related auto aftermarket supplies a services.

 

Initiatives such as allowing women to drive in 2018 coupled with a concerted shift toward implementing cleaner technologies is having a positive impact on the market, as is ongoing infrastructure development.

 

According to global research company Aranca, Saudi’s car parc stood at 7.7 million in 2018, with 350,000 new passenger cars and 115,000 new commercial vehicles sold for the year.  Around 10.5 million vehicles will ply Saudi roads by 2023, including 6.85 million passenger vehicles and 3.65 million commercial vehicles.

 

The upshot will be felt keenly by industry professionals in  Saudi’s spare parts and related auto services market, which is expected to be worth US$10.15 billion in 2023 says Aranca, compared to US$7.6 billion in 2018.

 

Tires contributed the most to the KSA’s spare parts market revenue in 2018, with a 30 percent share (US$2.28 billion).  That’s followed by lubricants (US$1.44 billion), batteries (US$380 million), and other electronics, accessories, and components (US$3.49 billion).

 

These key product groups, and much more, are on show this week at Automechanika Jeddah 2019, as the two-day event brings together thousands of Saudi workshop owners, distributors, retailers, traders, and importers with manufacturers and suppliers from across the globe.

 

Anticipating an enthusiastic response this week, organiser ACE Group and the Automechanika brand Sub-Licensor Messe Frankfurt Middle East announced extended show timings, with doors opening from 10am-9pm on both days.


Category: Business

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