Value of light vehicle aftermarket revenue post COVID-19 GCC 2020-2025, by segment
In 2020, the largest share of aftermarket revenue of light vehicle parts in the Gulf Cooperation Council (GCC) region post the COVID-19 pandemic was from genuine and original equipment suppliers at about 65 percent with a value of approximately 5.6 million U.S. dollars. The aftermarket of light vehicles was expected to gradually recover from the pandemic with an expected cumulative annual growth rate of about 5.8 percent in the period from 2021 to 2025 reaching approximately 6.84 billion U.S. dollars by 2025.
