Market Trends and Forecast Analysis of the Middle East Auto Component Market Forecast 2023-28

Middle East Auto Component Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Middle East Auto Component Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Middle East Auto Component market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and Country while spotlighting the most recent developments in the market.

Middle East Auto Component Reports Highlights

What is the size of the Middle East Auto Component Market?

The Middle East Auto Component Market is expected to grow at a CAGR of around 7% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the high-income population and the mounting influx of migrants & tourists, especially in the UAE. Consequently, the ever-increasing vehicle production & sales are augmenting the demand for different auto components, such as brake parts, batteries, lubricants, tires, & filters, among others, across the entire Middle East.

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What Components are encompassed within Middle East Auto Component Market segmentation?

The report has divided the market into the following segments:

By Vehicle Type

-Passenger Cars

-Commercial Vehicles

-OTR

-Two wheelers

By Component Type

-Filters

-Lubricants

-Tires

-Brake Components

-Battery

By Distribution

-OEMs

-Replacement

By Country

-UAE

-Saudi Arabia

-Iran

-Israel

-Oman

-Kuwait

-Qatar.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-Johnson Control International Plc

-Goodyear Middle East FZE

-Robert Bosch Middle East

-ExxonMobil Middle East Marketing Corp.

-Shell Markets Middle East

-AC Delco Middle East and Africa

-Amaron Batteries

-Michelin AIM FZE

-The Yokohama Rubber Co. Ltd.

-Bridgestone Middle East and Africa FZE.

About Us-

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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