As stated by a market report by the P&S Intelligence, U.A.E. e-commerce automotive aftermarket will grow at a compound annual growth rate of 14.8% in the years to come.
The main factors accountable for the growth of the industry comprise growing customer consciousness and suitability, surging count of DIY customers, growing count of road accidents, and increasing sales of vehicles, in the nation.
The lubricant category will grow the fastest in the years to come. This can be credited to the increasing requirement to advance performance of vehicles, and therefore, it is essential for owners to get the vehicles serviced regularly for smooth running of the vehicles.
So, the requirement for lubricants, for example transmission fluids, engine oils, and brake fluids, will rise in the years to come, mostly because of the fact that these lubricants surge vehicles’ fuel efficiency, advance performance, and decrease harmful emissions.
The B2C category generated the major revenue. This is credited to the growing trend of DIY and the expanding count of tourists in the nation. These have augmented the requirement for passenger vehicles, which has accelerated the formation of small businesses, leading to the market growth.
The specialty shops category, will grow the fastest in the years to come. Being precise product centers, these stores save the time of customers, as the clienteles can directly visit the stores specific to the desired products. Accompanied by the occurrence of manifold brands and advanced scope of price negotiations, the preference for these stores will rise in the coming years.
While the customer preference in the direction of an online e-commerce automotive market platform is not decisively clear, the present trend in the U.A.E. e-commerce automotive aftermarket is a snowballing preference amongst customers toward the click-and-mortar retailing, suggesting traditional retailers with an online presence, which lets the customers to purchase online and pick up from the stores.
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