Overall economic growth may be lacklustre, but automotive aftermarket sales are on the increase in the Middle East and North Africa…
In the Middle East, the vehicle parc is predicted to increase to 27m units by 2023, according to research firm Aranca, and this will lift the value of the aftermarket to $18.5 billion, up from $15 billion in 2018. Further studies of the wider Middle East and Africa (MEA) region by TechSci Research estimate annual growth in the automotive aftermarket of 7%, to reach a value of $31 billion in 2022, up from $22 billion in 2017.
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Disastrous flooding in KwaZulu-Natal region of South Africa has badly affected the country’s automotive industry with logistics routes knocked out and damage to the port of Durban. Toyota’s plant in Prospecton has also been closed down
In the absence of a production hub, OEMs operating in the Middle East must import both vehicles and parts. GM’s head of purchasing and supply chain for Africa and the Middle East tells Automotive Logistics about the challenges and opportunities in the region…
Despite a sustained period of decline over the last few years affected by a fall in oil prices and geopolitical strife, the Middle East and Africa is fast becoming a region of automotive and supply chain opportunity…
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