Companies in "Automechanika Dubai" confirm recording indicators of recovery despite the high prices

Auto parts markets record sales growth of more than 10%

• Automechanika Dubai is the largest international trade fair for automotive aftersales services in the Middle East.

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Specialists and officials in the field of supplying and trading auto spare parts confirmed that the local markets recorded remarkable indicators of recovery from the effects of the Corona pandemic this year, pointing to sales growth rates that exceeded 10% compared to 2020.

They explained to "Emirates Today" on the sidelines of their participation in the Automechanika Dubai exhibition for auto spare parts, which concluded at the Dubai World Trade Center, that the UAE markets were the fastest in recording a gradual recovery compared to other countries in the region and the world, with the support of the recovery of many From the economic sectors, and the “Expo 2020 Dubai” exhibition.

Noticeable growth

In detail, the activities of the 18th edition of the Automechanika Dubai exhibition for auto spare parts were concluded at the Dubai World Trade Center last weekend.

Mary Mahi, Senior Director of Business Development at Autoglass for auto spare parts, said that the UAE markets recorded remarkable recovery and growth rates during the year 2021, especially during the second half, in sales of auto parts, compared to the slow state recorded during the year 2020. Under the influence of the changes imposed by the “Covid 19” pandemic.

Mahi added that the indicators of recovery appeared with a growth in demand and supply requests for local markets, which increased sales by more than 10% during the current year, referring the growth rates in local markets to the speed of recovery of many economic sectors, the stimuli of the economy and investment, and the return of the momentum of tourism activity. and Expo 2020 Dubai.

Mahi stressed that the increase in the prices of spare parts, which ranged between 20 and 40% in the markets, did not negatively affect the continued improvement in sales, which is expected to continue during the next year.

gradual recovery

In turn, the Director General of Marketing at Bridgestone Tires Company, Berna Akinci, considered that the indicators of recovery have gradually appeared in the auto parts markets in the local markets since the first quarter of this year, and they have continued to improve and grow until the current period, especially with regard to the automobile sector. Individual vehicles.

Akinci estimated the growth rates of spare parts sales in the markets in general by about 10% compared to last year, while the recovery indicators are expected to continue recording higher growth rates during the next year.

market forecast

In the same context, Simon Mellor, CEO of Messe Frankfurt Middle East, the organizer of Automechanika Dubai, said that indicators of improvement in the auto spare parts markets in the country or the Gulf region appeared remarkably in the markets recently, which was confirmed by survey reports. For markets, by “Forest And Sullivan”, which showed that sales of auto spare parts trading markets increased in the Gulf markets from 5.26 billion dollars in 2019 to 5.47 billion dollars in 2021.

He explained that market reports also show the continued growth of sales of auto spare parts in the coming years, while sales are expected to rise to $6.84 billion by 2025.

He explained that although the repercussions of “Covid-19” imposed price increases of more than 30% in the auto spare parts markets due to the effects of the high cost of logistics, shipping and raw materials, with the decline in production in a number of countries, these repercussions did not negatively affect the continuation of sales growth indicators. spare parts of cars.

Mellor stressed that the country's markets are among the fastest in recording indicators of recovery from the pandemic, in the field of auto spare parts, for factors related to the recovery of many economic sectors that affected demand, decisions stimulating the economy and investment, the momentum of tourism activities, and "Expo 2020", which activated the market. Spare parts sales.

positive outlook

For her part, Director of International Production and Marketing Policies at Ford Motor Company, Speeda Malquezda, agreed that local markets recorded clear positive recovery rates from the effects of the Corona pandemic in the field of demand for auto parts during the current year compared to last year.

Malkezda expected the continuation of positive signs of improvement over the next year.

Automechanika Dubai

Automechanika Dubai is a central trade gateway to hard-to-reach markets, connecting the Middle East, Africa, Asia and the major CIS countries.

Automechanika Dubai is also considered a unique event in terms of the breadth and diversity of products and services offered compared to other specialized exhibitions in the Middle East.

The exhibition presented a range of new and recurring sections, with the participation of thousands of exhibitors from 57 countries.

Automechanika Dubai, in its 2021 edition, was a key event that contributes to strengthening the connection again with the markets.

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