According to a report by Glasgow Research and Consulting, the UAE’s automotive aftermarket sector is expected to grow steadily over the next four years and reach the USD 1.91 billion mark by 2028, primarily as a result of the growing participation of Southeast Asian automakers.
Automechanika Dubai, an official networking event with the theme “Strengthening Collaborations: Southeast Asia and UAE,” highlighted the anticipated growth of the UAE’s automotive aftermarket industry.
According to the report, growing car ownership, technological developments, and a strong regional demand for auto parts and services were all contributing to the UAE’s projected significant growth.
Southeast Asian automakers are becoming more involved and now account for 5% of the market, which is a major factor.
“These businesses are growing in significance in the UAE’s automotive aftermarket, contributing a plethora of knowledge, affordable fixes, and superior goods that are revolutionising the industry,” the study continued.
“As vehicle ownership continues to rise in the UAE, driven by economic recovery and infrastructure development, the demand for aftermarket parts and services is expected to surge,” remarked Vishal Pandey, the Director of Glasgow Research & Consulting, while chairing the networking event, as reported by Zawya.
“With Southeast Asian companies playing a critical role, the market is well-positioned to address the needs of the evolving automotive landscape. The focus of these companies on sustainability and advanced technologies will also help shape the industry’s future, aligning with the UAE’s vision for a greener, more efficient automotive sector,” Vishal Pandey added.
Mohammad Al Kassim, Investment Attraction Director, Dubai Chambers, gave the opening keynote address and other presentations. He focused on bolstering the UAE-Southeast Asia economic corridor for sustainable growth and innovation.
In an overview of Southeast Asia’s automotive innovation, Bakri Bin Alias, Senior General Manager, Malaysian Automotive, Robotics and IoT Institute, shared insights into the region’s sustainability focus and expertise.
As part of the regional focus event for Automechanika Dubai this year, visitors will have the chance to experience the automotive landscape of Southeast Asia, according to Messe Frankfurt Middle East, the exhibition’s organiser.