Forecasted OES light vehicle parts revenue post COVID-19 GCC 2019-2025

Published by Salma Saleh, Nov 8, 2023
In 2020, the aftermarket revenue of light vehicle genuine and original parts in the Gulf Cooperation Council (GCC) region post the COVID-19 pandemic was about 2.61 million U.S. dollars. The light vehicle parts market 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 a total value of approximately 6.84 billion U.S. dollars by 2025.

Light vehicle genuine parts revenue post COVID-19 pandemic in the Gulf Cooperation Council region in 2019 and 2020 with forecasts to 2025** (in million U.S. dollars)

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Release date

November 2021

Region

MENA

Survey time period

2019 to 2020

Supplementary notes

*Forecasted.
**Refers to the retail market value of parts only.

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