GCC Market For Auto Parts, Batteries And Tyres To Grow At 14.9 % Over Next Three Years, Reaching US$ 13.46 Billion By 20

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Dubai, UAE: The Gulf market for auto components is gearing up for double digit growth over the next three years, as global automotive majors set sights on the Middle East’s largest trade event for the automotive aftermarket in Dubai next month.


Dubai, Dubai, Country., May 22, 2014 - (PressReleasePoint) -
Dubai, UAE: The Gulf market for auto components is gearing up for double digit growth over the next three years, as global automotive majors set sights on the Middle East’s largest trade event for the automotive aftermarket in Dubai next month.
 
According to global consulting firm Frost & Sullivan, the GCC market for auto parts, batteries, and tyres will grow at a compound annual growth rate of 14.9 per cent to reach US$ 13.46 billion by 2017.*
 
More than 1,600 exhibitors from 59 countries will look to capitalise on the buoyant market at Automechanika Dubai, which takes place from 3-5 June at the Dubai International Convention and Exhibition Centre.
 
Organised by Epoc Messe Frankfurt, the 2014 edition of the three-day event has grown by more than 20 per cent in size, as Dubai consolidates its position as the leading import and trans-shipment destination for auto components.
 
“International automotive aftermarket majors continue to target the GCC in increasing numbers, as economic growth pushes up vehicle sales, spurring demand for reliable supplies of auto parts and components,” said Ahmed Pauwels, CEO of Epoc Messe Frankfurt.
 
 
“As the Middle East’s largest and most comprehensive trade and networking exhibition for the automotive aftermarket, Automechanika Dubai 2014 will welcome even greater numbers of leading international manufacturers and suppliers looking to increase their regional footprint.”
 
Now in its 12th edition, Automechanika Dubai covers a wide spectrum of products, from automotive parts, systems, bodywork & paintwork, car washing, tyres & batteries, to workshop and filling-station equipment, IT products and services, accessories and tuning.
 
According to the Epoc Messe Frankfurt, Tyres & Batteries have been the fastest growing category at the dedicated trade event, with Accessories & Tuning, Parts & Systems, Repairs & Maintenance and Service Stations and Car Wash also growing rapidly.
 
Feedback from trade buyers and exhibitors also indicates a surge of interest in truck parts and equipment, bearings, lubricants and workshop equipment at the upcoming edition.
 
Spreading across 12 halls of the Dubai International Convention and Exhibition Centre, Automechanika Dubai 2014 will welcome delegations from Saudi Arabia and the United States.
  
-ENDS-
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Heba Al Mansoori
BIZ COM – For PRoactive Communications
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