Consumption In GCC Automotive Aftermarket Reached QR 27.3 Billion In 2012

Online, April 13, 2013 (Newswire.com) - The countries of the Middle East continue to be an extremely attractive market for the automobile sector, thanks to strong ongoing economic growth and a flourishing aftermarket trade.

In a recent report, research firm and Knowledge Partner of Automechanika Dubai, Frost & Sullivan, estimated that the total consumption within the automotive aftermarket in the GCC countries was worth as much as QR 27.3 billion (US $7.5 billion) in 2012. With trade worth QR 1.53 billion (US $420 million) last year, Qatar was among the significant aftermarket consumers of the GCC.*

Ahmed Pauwels, CEO of Epoc Messe Frankfurt, organiser of Automechanika Dubai, the region's largest trade platform for the automotive aftermarket, said: "Thanks to its superior transport and logistics infrastructure, the region serves as a key import and trans-shipment hub for the aftermarket trade that reaches across the wider hinterland in the MENA region, Iran and Central Asia, South Asia and Eastern Africa."

"Automechanika Dubai will highlight the vast potential of the regional market that is still untapped and show-case new trade and business development opportunities that exist for key industrial players," Pauwels added.

According to the Frost & Sullivan report, Parts and Accessories make up the lion's share of the consumption, totaling QR 16.42 billion (US $4.51 billion). Tyres and Inner Tubes were the next most significant category of the aftermarket consumption, being worth QR 5.42 billion (US $1.49 billion) in 2012. Lubricants and Batteries made up the next biggest sectors, at QR 2.97 billion (US $816 million) and QR 2.6 billion (US $715 million) respectively last year.

Mr. Jean-Michel Selles, Managing Director of KYB Middle East, said: "Automechanika Dubai is a very signifi-cant part of our business development strategy in the Middle East thanks to its wide footprint in the region. We expect favourable results from our participation this year."

Automechanika Dubai 2013 will be held from June 11 to 13, at the Dubai International Convention and Exhibition Centre.

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