Summarize this content in well-structured paragraphs in German language and keep HTML tags Dubai, UAE: As the automotive aftermarket industry gathered at Automechanika Dubai this week, the latest market developments were shared during a series of sessions on the exhibition’s main stage. Addressing the growth opportunities and changing trends in the GCC aftermarket, Subhashree Ramarathnam, Principal Consultant, Mobility, Frost & Sullivan, also touched on the opportunities that Electric Vehicles (EVs), a key focus at the 2023 edition of Automechanika Dubai, represent for the aftermarket sector.“The aftermarket revenue in the light vehicle sector in the GCC stood at $ 9.7 billion in 2022, predicted to grow at an annual rate of 4.4 per cent over the next five years, reaching a forecasted $12 billion in 2027[1]. This includes revenue from parts as well as labour,” she explained.According to Frost & Sullivan research, the main growth driver for aftermarket revenue is the number of vehicles on the road, with the forecast for the number of light vehicles in the GCC expected to be 15.9 million this year. This figure is expected to rise to 17 million by 2027. The growing young population in the region, rising income levels, urbanisation and ease of financing were pinpointed as the key contributing factors to this upward trend. Cars are also staying on the road for longer, with a vehicle’s average life span moving from 7.5 to eight years.“Considering the growth predictions for the region’s automotive aftermarket, the main opportunities in the GCC aftermarket include the digitalisation of parts trading and retail servicing, aftermarket branded parts, the rise of mobile on-demand aftermarket service providers and the electrification of cars,” concluded Ramarathnam.Frost and Sullivan estimate that by 2030, EVs will constitute 17% of new car sales in the MENA market, while in Africa, they estimate this figure to stand at approximately 9%. The research also suggests 300,000 EVs on the road in the UAE and KSA by 2027. Aftermarket opportunities related to EVs include battery replacements and upgrades, speciality tyres, charging-related accessories, software updates and battery recycling.Mahmut Gazi Bilikozen, Portfolio Director at Messe Frankfurt Middle East, the organiser of Automechanika Dubai, added: “This fascinating research paints an optimistic picture for the automotive aftermarket industry in the coming years. As we celebrate 20 years of Automechanika Dubai and look at our own growth and expansion plans, we are excited to announce the formation of a special advisory board for the exhibition. The board will combine their extensive industry knowledge and valuable insights to map out the next two decades of Automechanika Dubai.”The prestigious board includes Sheerhan Jeeaudeen, Head of Region, Middle East and Africa, ZF Middle East; Amjed Kallan, General Manager Bilstein Group; and Dr Nima Mehrdadi, Managing Director, HELLA.The foremost networking hub for automotive aftermarket professionals in the Middle East, Automechanika Dubai drew to a close today. Taking place at the Dubai World Trade Centre (DWTC), the exhibition spanned 14 halls and featured eight specialised Product Sections – Parts & Components, Electronics & Systems, Accessories & Customising, Tires & Batteries, Car Wash & Care, Oils & Lubricants, Diagnostics & Repair, and Body & Paint.The latest Automechanika Dubai news stories are available on our ‘Press Releases’ page.Click here for images of Automechanika Dubai: Automechanika Dubai imagesAbout Automechanika DubaiAutomechanika Dubai is the largest international automotive aftermarket trade show in the Middle East taking place at the World Trade Centre between 2-4 October 2023. Automechanika Dubai acts as the central trading link for markets that are difficult to reach connecting the wider Middle East, Africa, Asia, and key CIS countries.For more information, please visit our website.About Messe FrankfurtThe Messe Frankfurt Group is one of the world’s leading trade fair, congress and event organisers with their own exhibition grounds. With a workforce of some 2,160 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2022 were around €454 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.For more information, please visit our website at: www.messefrankfurt.com/sustainabilityWith its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).Further information: www.messefrankfurt.comAbout Messe Frankfurt Middle EastMesse Frankfurt Middle East’s portfolio of exhibitions includes: Automechanika Dubai, Automechanika Riyadh, Beautyworld Middle East, Beautyworld Saudi Arabia, Intersec, Intersec Saudi Arabia, Gifts & Lifestyle Middle East, Light + Intelligent Building Middle East and Paperworld Middle East. In the 2022/23 event season, Messe Frankfurt Middle East exhibitions combined featured 3,939 exhibitors from 66 countries and attracted 151,990 visitors from 116 countries.For more information, please visit our website.[1] Light Vehicle Aftermarket: Revenue Forecast, GCC 2022-2027f
