Relevant data shows that the UAE auto parts market is expected to reach between $8.4 billion and $10.5 billion by 2033, with a compound annual growth rate (CAGR) of approximately 3.5% to 4%.
The main driving factors include the increasing vehicle fleet and consumer awareness. Currently, more and more people are turning to electric vehicles, which require new components such as batteries and sensors.
Meanwhile, e-commerce platforms for parts sales are also expanding continuously. All these have driven the further development of local auto parts.