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Key industry players attending Automechanika Jeddah

JEDDAH, January 31, 2017

Top international manufacturers, industry experts and transport, fleet and logistics decision makers from Saudi Arabia’s automotive service industry are participating at the Automechanika Jeddah 2017, which opened today (January 31), in the kingdom.

The event, a leading regional trade fair for the automotive aftermarket industry targeting trade visitors from Saudi Arabia, will run until February 2, at the Jeddah Centre for Forums and Events.

The event is expected to reinforce fresh optimism in an industry that, according to new research, will start the road to recovery in 2017, with continued growth at least up to 2021, said a statement from the organisers

An industry whitepaper released on the sidelines of the show by analysts Frost & Sullivan (F&S) estimates that total revenues in the kingdom’s automotive aftermarket will grow 5.1 per cent annually over the next five years, reaching SR33.62 billion ($8.9 billion) in 2021.

Key drivers include a growing vehicle population, (from 7.7 million in 2015 and likely to reach 10.3 million by 2021), while the spend on parts and accessories per car are also likely to rise as the average vehicle age increases from 6.9 years in 2015 to 7.5 years by 2021, it added.

According to F&S, major revenue by 2021 is expected to be generated by regular maintenance parts such as tyres (SR10.5 billion ($2.80 billion)), batteries (SR1.56 billion ($415.9 million) and lubricants (SR6.01 billion ($1.60 billion)), while brake pads are expected to account for almost 25 per cent of ‘other parts’ category (SR15.550 billion ($4.15 billion)).

All this will be welcome news to the 165 exhibitors from 24 countries at the event, of which 72 per cent are returning, having taken part in the debut exhibition 12 months ago.

The global popularity of the dedicated trade show is underlined by country pavilions from Turkey, China and Taiwan, while debut pavilions include the USA, Korea, Hong Kong and the European pavilion.

Jointly organised by Messe Frankfurt Middle East and Al-Harithy Company for Exhibitions (ACE), Automechanika Jeddah 2017 spans 8,898 sq m.

Ahmed Pauwels, CEO of Messe Frankfurt Middle East, said: “With nearly eight million passenger vehicles and 600,000-plus commercial vehicles plying its roads, Saudi Arabia presents some impressive opportunities for suppliers of auto parts and accessories.”

“The kingdom’s growing youthful population, rising disposable income levels, and a post-oil future with a more diversified economic outlook should bode well for all industries, including automotive,” he said.

“At the show, we’re providing a dedicated networking and business development platform for the aftermarket industry to interact directly with Saudi customers and cater to the specific requirements of this significant market,” he added.

Automechanika Jeddah features some of the biggest names in the aftermarket business, including Barcino Tyre Company from Spain, Italian manufacturer Le. Ma; Dongnam Corporation from Korea, and US-based Dana, a global leader in highly-engineered driveline, sealing, and thermal-management technologies.  

Automechanika Jeddah is being staged along with the Automechanika Academy's Automotive Aftermarket Symposium tomorrow (February 1), creating a dual platform with a double focus on Saudi Arabia’s spare parts, maintenance and repair markets for both commercial and light vehicles.

The exhibition is divided into six main product groups of parts and components, electronics and systems, accessories and customising, repair and maintenance, tyres and batteries, and car wash, care and reconditioning.

Automechanika’s global Truck Competence initiative has also gained traction at the Jeddah instalment, with more than 80 exhibitors showcasing a range of products that span the entire commercial vehicle value chain, from parts and accessories, workshop equipment, to body repair and care, it stated. – TradeArabia News Service




Tags: Saudi Arabia | | industry | Automotive | Automechanika Jeddah |

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