Saudi Arabia Vehicle Reparation Market Forecast 2027

1. 2017– 2027 SAUDI ARABIA VEHICLE REPARATION MARKET FORECAST AND OPPORTUNITIES Published: December 2021 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Table of Contents

3. Table of Contents

4. Table of Contents

5. Table of Contents

6. SERVICE OVERVIEW

7. Service Overview Scope of Report: Vehicle Reparation Vehicle reparation is referred to as the action of repairing and maintaining any part or component of a vehicle. It includes all those activities that are associated with the upkeep and the routine care of the structure, interior and the functioning of a vehicle. Market Segmentation Service Area Service Provider Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range • Automotive Mechanical and Electrical Parts • Automotive Body Part • Tire • Paint • Interior Parts • Glass • Others • Automobile Manufacturers • Franchise General Repairs • Locally Owned Repair Shops Channel • Online • Offline Region Vehicle Type • Al-Riyadh • Eastern Region • Makkah Al-Mokarramah • Aseer • Al-Qaseem • Others • Passenger Car • LCV • M&HCV • Two-Wheeler

8. Service Overview Scope of Report: Vehicle Reparation Note: The above list is not exhaustive.

9. RESEARCH METHODOLOGY

10. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the Saudi Arabia vehicle reparation market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Saudi Arabia vehicle reparation market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

11. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the Saudi Arabia vehicle reparation market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as adoption of increasing use of used vehicles, increasing life span of the vehicles, etc. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Saudi Arabia vehicle reparation market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as vehicle reparation companies, channel partners, market influencers & end-users, industry experts and other industry participants. • The team interviewed more than 15 vehicle reparation companies, 100 end-users and 15 industry experts and other stakeholders in the Saudi Arabia vehicle reparation market to obtain the overall market size between 2017 and 2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the final data during the historical period. • Respondents were asked about the current and future market growth rates, market shares by service area, by vehicle type, by service provider, by channel, by company and by region. Removing the outlier response, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the response received from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by service area, by vehicle type, by service provider, by channel, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the

12. Research Methodology market shares or revenue generated from various segments of Saudi Arabia vehicle reparation market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia vehicle reparation market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis Note: (a) Sum of some shares may not be exactly 100.00% due to round off till two decimal places. (b) The market data for 2021 is actual for nine months till September 2021. For rest of the three months i.e. between October 2021 and December 2021, the data is estimated. In order to calculate the market size of Saudi Arabia reparation market, we have included the service cost of repair and maintenance of each vehicle type. The service cost includes labor cost, cost of consumables, VAT, and other service-related charges. The market size does not include the cost of spare parts and other component costs.

13. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.

14. Industry Brief Growing demand for improving the life of automobile through maintenance and repair to drive Saudi Arabia vehicle reparation market until 2027. According to TechSci Research report, “Saudi Arabia Vehicle Reparation Market – By Region, Competition, Forecast & Opportunities, 2027”, Saudi Arabia vehicle reparation market stood at USD982 million in 2021 and is projected to grow at a CAGR of 3.52% in the next five years. Growth in average miles drive per vehicle and increasing sales of used vehicles are driving the growth of the vehicle reparation market. The geographical topography of Saudi Arabia enables people to enjoy off-road activities in the country. For off-roading purposes, most people prefer SUVs, which drives the growth of SUV sales in the country. For a better off-roading experience, people are upgrading their vehicles for the desert terrain as well as diverse terrains. Upgradation of the tires by using wide tires and by increasing the power of the engine, the vehicle performance increases tremendously. This upgradation is done by the vehicle repair and maintenance companies and service centers, which leads to the growth of Saudi Arabia vehicle reparation market. The increase in used car sales in the country contributes to the rising demand for maintenance and repair services. Increasing demand from shared mobility fleet owners, increasing employment opportunities, lower price of used cars, presence of attractive finance schemes and availability of cheap fuel in the country are major factors driving the demand for used cars in the country. Moreover, increasing market penetration offers digital platforms to the customers for buying and selling used cars as well as provide servicing and warranty facilities along with easy, instant and paperless loan experience to their customers. Moreover, every time a used car is sold, complete servicing of the car is required to keep the vehicle functioning intact. All such factors contribute to the growth of the vehicle reparation market in Saudi Arabia. Saudi Arabia vehicle reparation market is segmented on the basis of service area, vehicle type, service provider, channel, and regional distribution. The Saudi Arabia vehicle reparation market based on service area is divided into automotive mechanical and electrical parts, paint, glass, automotive body parts, tire, interior parts and others. Automotive mechanical and electrical parts held the lion's market share of 51.37% in the service area in 2021. Auto parts such as battery, alternator, starter, braking components, engine, transmission system, etc., lie in the automotive mechanical and electrical part segment. These parts have maximum utilization when a vehicle runs. Therefore, automotive mechanical and electrical parts must be in good condition for good performance and smooth driving experience, etc. The high market share of automotive mechanical and electrical parts can be attributed to the higher utilization of these auto parts, which is anticipated to continue in the forthcoming years as well. Leading players operating in Saudi Arabia Vehicle Reparation market include: Abdul Latif Jameel IPR Company Limited, SMC Auto Service Broker LLC, Ezhalha, E.A. Juffali & Brothers (Juffali Automotive Company), Al JazirahVehicles Agencies Co. Ltd., Petromin Corporation, Al Jomaih Group (ACDelco Service Centers), Haji Husein Alireza & Co. Ltd., Mohamed Yousuf Naghi & Brothers Group, Aljabr Group “Al-Riyadh holds the major share in Saudi Arabia vehicle reparation market with 48.15% market share in terms of value, in 2021. The region also accounts for the largest fleet share which proportionally increase the demand for vehicle upgradation and reparation. High population (around 7.4 million), rising per capita income and increasing demand in vehicle modification in the region are the major factors driving the growth of vehicle reparation market in Al-Riyadh.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

15. Sample Data - Snapshot Saudi Arabia Vehicle Reparation Market Size, By Value (USD Million), 2017-2027F CAGR 2022E-2027F By Value: xx% CAGR 2017-2021 By Value: xx% Saudi Arabia Vehicle Reparation Market Share, By Service Area, 2017-2027F Saudi Arabia Vehicle Reparation Market Share, By Service Area, 2017-2027F

16. Report Ordering Report Name: SAUDI ARABIA VEHICLE REPARATION MARKET FORECAST AND OPPORTUNITIES 2017– 2027 To View Sample OR Purchase Report

17. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Automotive Repair and Maintenance Services Market, By Vehicle Type (Passenger Cars Light Commercial Vehicle and Heavy Commercial Vehicle), By Services and Parts (Oils, Tires, Batteries, Oil Filter, Wiper Blades, Lights, Air Filter, Spark Plugs and Others), By Company and By Geography, Forecast & Opportunities, 2026 • Global Cleaner & Degreaser After Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicle), By Repair Service (Original Equipment Supplier (OES) and Independent After-market (IAM), By Supply Mode (Aerosol Can, Drum, Spray Bottle, Jug and Pail), By Type (Water-Based and Solvent-Based), By Company and By Geography, Forecast & Opportunities, 2026 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.