Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
  
Saudi Arabia spearheads GCC demand for commercial vehicle spare parts – market estimated to value US$3.65 billion by 2020

Dubai, UAE: Manufacturers and distributors of the GCC’s automotive aftermarket gathered in Dubai today to discuss new opportunities in the region’s commercial vehicle (CV) market, as Saudi Arabia spearheads a regional surge in demand for CV spare parts and services.

According to global analysts Frost & Sullivan, there are currently 750,000 trucks and buses on Saudi Arabia’s roads, with this number growing 8.4 per cent annually to reach 1.2 million by 2020.

The influx of new and used commercial vehicles in the Kingdom means demand for spare parts is also on the rise, valued at US$2.05 billion in 2014, and estimated to reach US$3.65 billion by 2020, according to Frost & Sullivan.

The key to tapping into the Saudi Arabia’s lucrative CV market was the hot topic at the 5th Automechanika Dubai Network, attended by more than 90 industry figures of the region’s automotive aftermarket.

“Sales of commercial vehicles are on an upward drive in the Gulf region, with Saudi Arabia at the forefront of increased opportunities for the lucrative CV spare parts market,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, organiser of Automechanika Dubai and today’s network event.

“Saudi Arabia and the UAE are already home to vehicle assembly lines for major manufacturers such as Mercedes, Volvo, and MAN in Saudi, and Scania and Ashok Leyland in the UAE, so the market is really beginning to take shape.”

Subhash Joshi, Regional Head of Automotive & Transportation for the Middle East & North Africa at Frost & Sullivan, and a speaker at the Automechanika Dubai Network, said that Japanese CV brands are in high demand in the Kingdom.

“In terms of market share, Isuzu and Mitsubishi have led the light commercial vehicle market with a whopping 70 per cent share with limited imports of used trucks in this category,” said Joshi.  “For the medium and heavy commercial vehicle segment, the dominance of used vehicles was much higher when compared to light vehicles.”

The increased focus on commercial vehicles is one of the main features of Automechanika Dubai 2015, which takes place from 2-4 June at the Dubai International Convention and Exhibition Centre.

The three-day event is the Middle East and Africa’s largest trade show for the automotive aftermarket, and has a dedicated Truck Competence section.  In 2014, 506 of the 1,696 exhibitors had truck competence within their portfolio, with this figure set to grow this year.

Expanding the extensive Automechanika brand profile, Truck Competence covers the entire value chain in the truck sector from truck parts and accessories, to workshop equipment, body repairs and care.

Among the headline international exhibitors with truck competence within their portfolio include WABCO from Belgium; Schaeffler, MS Motorservice, Wulf Gaertner Autoparts, BPW, Jost, ZF, and Herth+Buss from Germany; Asuki Automobile Industries from Singapore; AMP Automotive from Brazil; and AFA Industries from the USA.

Regional powerhouses out in force include Moshref Trading from Iran; NASCO Automotive from Jordan; and UAE-based companies Dynatrade, Europart, Global Autoparts, Al Rostamani, and Al Habtoor.

AFA Industries, a manufacturer and supplier of commercial vehicle and heavy duty engine components, will be promoting its range of Cummins and Detroit Diesel Series 60 engine parts in the USA Pavilion at Automechanika Dubai 2015. They will also be launching their Caterpillar engine parts for 3300, 3400, and C15 series engines.

Sami Aboufawaz, President of AFA Industries, said the Middle East and Africa is a big growth market for US-based organisations, with the company looking to expand its product lines to gain sizeable market share in the region.

“The Middle East and African commercial vehicle and heavy duty aftermarket is extremely important for AFA Industries,” said Aboufawaz.  “We have conducted extensive research and development to prepare AFA to be a leading supplier in the Middle East, and Automechanika Dubai gives us the platform to expand on our existing presence in the region, and to secure distributors to better serve the market.”

The Automechanika Dubai Network is a regular feature of Automechanika Dubai, which is now in its 13th edition, with Frost & Sullivan on board as an official Knowledge Partner.

Automechanika Dubai 2015 features six core areas including Parts & Components, the largest section; Electronics & Systems; Accessories & Tuning; Repair & Maintenance; Tyres & Batteries and Service Station & Car Wash.

Returning is the highly-popular Automechanika Academy – a series of seminars and workshops given by leading experts and prominent industry figures. These seminars will focus on key issues that affect the automotive aftermarket.

The global appeal of Automechanika Dubai 2015 will be reinforced with the presence of 22 country pavilions and 37 international trade associations, while nearly 90 per cent of exhibitors will come from outside of the UAE.

Posted by : BIZ COM - For Proactive Communications,
Viewed 28530 times
PR Category : Automobile
Posted on : Tuesday, March 17, 2015  6:09:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to BizCom PR

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
LG Honored With 24 Awards for Innovation Ahead of CES 2022 [7700-Views]
ASTRONEF is a New mechanical Masterpiece Presented by Ateliers Louis Moinet [6941-Views]
Pandora and World-Renowned Author, Nadia Owusu, Release a Collection of Festive Stories to... [6892-Views]
Symbolism and Style Defines Tanishq's Exclusive Year of the Fiftieth Collection [4424-Views]
4 FOREO Products That Will Completely Transform Your Skincare Routine [4387-Views]
Big Crown Pointer Date Calibre 403 [4268-Views]
Go Green this Black Friday Cathay Pacific Offers Complimentary Carbon Offset [3969-Views]
Curate your Stress-Free Skincare Regime for Less with Herbal Essentials [3924-Views]
Channelling Power of the Mind and Body is the Key to Success, say Mindvalley Experts at Sh... [3903-Views]
Celebrate UAE National Day with FreshToHome's Special Bouquets [3469-Views]
LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 and Beyond [2927-Views]
Emirates First Group Launches the Region's first PRO Awards to Recognize the unsung Heroes [2854-Views]
SEHA and Abu Dhabi Energy Services begin First Phase of its Energy Savings Framework to En... [2776-Views]
BMW Announce the X7 UAE 50th Year Edition to Mark the UAE's Golden Jubilee [2759-Views]
Malabar Gold and Diamonds Inaugurates New Showroom in Ghatkopar, Mumbai, Maharashtra, Indi... [2714-Views]
Hail in the Festivities with India Gate [2653-Views]
Rome Region brings the Great Italian Cuisine to Expo Dubai [2620-Views]
The Sky Is the Limit for the World Food Programme's Humanitarian Efforts [2604-Views]
The Flormar Beauty Products we are Crushing on this Festive Season [2595-Views]
GEMS Education Schools Celebrate the UAE's Golden Jubilee as they look ahead to Centennial... [2558-Views]
essence cosmetics' (National Day) edit [2534-Views]
The Executive Committee of Ajman University's Board of Trustees Highlights the University'... [2522-Views]
DLD: 5,352 Sales Transactions worth AED 13.12 Billion in October 2021 [2513-Views]
Catrice Cosmetics - Create your own look inspired by National Day!!! [2485-Views]
Get a National Day Super Slam at Denny's for Only AED 50 [2452-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories