Middle East Commercial Vehicle Component Market Assessment, By Vehicle Type [Light Commercial Vehicles, Medium Commercial Vehicles, Heavy Commercial Vehicles], By Component Type [Powertrain Components, Chassis Components, Braking Systems, Electrical Systems, Body Components, Safety Systems, Telematics and Connectivity Components, Others], By Sales Channel [Original Equipment Manufacturers, Aftermarket], By Country, Opportunities and Forecast, 2018-2032F

Middle East commercial vehicle component market is projected to witness a CAGR of 5.87% during the forecast period 2025-2032, growing from USD 6.38 billion in 2024 to USD 10.07 billion in 2032. 

Middle East Commercial Vehicle Component Market Share, Trends & Growth Insights 2032

Middle East commercial vehicle component market is projected to witness a CAGR of 5.87% during the forecast period 2025-2032, growing from USD 6.38 billion in 2024 to USD 10.07 billion in 2032. Several factors are contributing to the growth of commercial vehicle components such as rapid economic growth, infrastructure development, expansion of e-commerce, technological advancements, and increasing focus on sustainability.
The increasing adoption of electric and hybrid vehicles is shaping the domain of commercial vehicle components. This is primarily due to the growing environmental concerns and regulatory pressures aimed at reducing carbon emissions. Component manufacturers are investing in developing advanced battery technologies, electric drivetrains, and lightweight materials for both OEM and aftermarket that enhance vehicle efficiency and sustainability.
Moreover, the market is growing due to the expanding fleet of commercial vehicles that would require maintenance and replacement parts, highlighting the long-term growth of the market. Furthermore, the rising demand for advanced safety and connectivity features such as ADAS, and airbags within commercial vehicles is influencing the demand further. As businesses prioritize efficiency, these advanced features, telematics solutions, and integrated infotainment systems are gaining popularity in commercial vehicles. These technologies not only improve safety but also help in optimizing fleet management through real-time data analytics.
Companies are increasing their product offerings, and providing comprehensive aftermarket solutions, including warranties and service packages, to enhance customer loyalty and to cater to the expanding aftermarket sector of commercial vehicle components. Moreover, companies are increasing their production units in the Middle East to capitalize on the growth effectively and rapidly.
For instance, in September 2024, Samvardhana Motherson International Ltd (SAMIL) inaugurated its new wiring harness facility in Ras Al Khaimah, United Arab Emirates (UAE). This is the company&rsquo;s eighth facility in the UAE and covers an area of 11,000 square meters.
<h2>Growing E-commerce Business in the Middle East Boosts Market Demand</h2>
The rising e-commerce significantly increases the demand for commercial vehicle components in the Middle East. The increasing internet penetration and rising tech-savvy individuals have led to surging demand for e-commerce, driving more sales for commercial vehicle components due to easy access and faster delivery. Moreover, the e-commerce infrastructure requires vans and trucks to transport goods, enhancing the requirement for components such as tyres, braking systems, and telematics solutions. Furthermore, the expansion of e-commerce significantly promotes logistics infrastructure, including warehouses. This infrastructure development needs a fleet of commercial vehicles, driving further demand for commercial vehicle components. Companies are focusing on increasing their penetration on the online channel and improving their product offerings.
For instance, in December 2023, Egyptian company Mtor raised USD 2.8 million in pre-seed investment from venture capital firm Algebra Ventures. The company focuses on supplying spare parts to local warehouses and managing logistics.
Technological Advancements in Components Drive Market Growth
The advent of electric commercial vehicles is influencing the demand for their components. As battery technology improves, manufacturers increasingly produce electric vehicles with better range and advanced features, driving demand for associated components such as advanced batteries and electric and electric drivetrains. Moreover, telematics technology is another crucial advancement influencing commercial vehicle components. Telematics allows fleet owners to have access to data such as the drivers&rsquo; locations, vehicle performance, fuel consumption, and fleet status. Fleet owners need to get real-time data and continuous advancement in it, generating greater demand for advanced telematics systems.
The automotive domain is rapidly shifting towards alternative fuel technologies such as hydrogen. The arrival of hydrogen commercial vehicles will influence the growth of their associated components. Companies are venturing toward hydrogen commercial vehicles by making strategic alliances, which boost the component market's growth.
For instance, in December 2024, Synergy Investments LLC (Synergy) and FTXT Energy Technology Co., Ltd. (FTXT) signed a memorandum of understanding (MoU) to establish a strategic alliance in fuel cell commercial vehicles. The strategic agreement signifies a strong partnership between the two companies in the fuel cell commercial vehicle industry and is a major step forward for FTXT in its Middle Eastern market plan.
<h2>Light Commercial Vehicles Dominate the Middle East Commercial Vehicle Component Market</h2>
Light commercial vehicles dominate the market due to rising e-commerce, economic transformation, and rising infrastructure development. These developments make a conducive environment for the growth of light commercial vehicles, including vans, pickups, and small trucks, increasingly favored for their versatility, efficiency, and sustainability for urban logistics. This segment is crucial for a fast-changing marketplace. Companies are being encouraged to reduce their carbon footprint making light commercial electric vehicles a perfect substitute for them. Moreover, manufacturers are increasingly offering models that meet sustainability goals and provide the necessary performance for commercial applications, enhancing demand for commercial vehicle components.
For instance, in March 2023, The Stellantis Group subsidiary PEUGEOT Middle East announced that it would provide DHL Middle East with the first fleet of electric light commercial vehicles in the region. A fleet of fully electric LCV PEUGEOT e-Partner and e-Expert vans would operate in the region under the terms of the arrangement with DHL, initially on the streets of the United Arab Emirates and then expanding to Bahrain, Jordan, Saudi Arabia, Kuwait, and Qatar.
<h2>Saudi Arabia Dominates Commercial Vehicle Component Market Share</h2>
Saudi Arabia is showing its dominance in the commercial vehicle components markets owing to increasing demand for logistics and transportation services and significant government investment in infrastructure that requires commercial vehicles in high volume, leading to heightened demand for components that ensure performance and reliability. Moreover, the strategic location of the kingdom makes it a focal point in establishing the factory and warehouse for components to control both European and Middle Eastern markets.&nbsp;
The kingdom is making its shift towards electric and hybrid commercial vehicles. Environmental concerns are gaining importance globally, and Saudi Arabia is aligning its automotive strategies with sustainability goals. The government has introduced initiatives to encourage the adoption of eco-friendly vehicles, promoting investments in electric and hybrid fleets. Furthermore, companies are introducing electric vehicles in the kingdom to attain a significant share of electric commercial vehicles.
For instance, in October 2023, Mercedes Benz Group AG introduced its heavy-duty electric truck eActros 300 L 4X2 in Saudi Arabia. It has a battery capacity of 336 kWh that provides a range of up to 300 km. It also provides both safety and comfort for drivers and pedestrians alike. Its Acoustic Vehicle Alert System adds an extra layer of safety, making it audibly detectable by other road users at speeds up to 60 km/h.
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Future Market Scenario (2025 &ndash; 2032F)
<ul>
<li>Increasing investment in infrastructure, particularly in Saudi Arabia and the United Arab Emirates, will foster the demand for commercial vehicle components in the region.</li>
<li>Technological advancement in commercial vehicle components including electric and autonomous vehicles will reshape the component domain and amplify the demand.</li>
<li>The rise in e-commerce will enhance the use of commercial vehicles for last-mile delivery, which will raise the demand for vehicle components.</li>
<li>The emphasis on sustainability will drive the demand for eco-friendly components, as manufacturers focus on developing low-emission vehicles to meet regulatory standards.</li>
</ul>
Report Scope
&ldquo;Middle East Commercial Vehicle Component Market Assessment, Opportunities and Forecast, 2018-2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the Middle East commercial vehicle component market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Report Attribute
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Details
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Base Year of the Analysis
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2024
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Historical Period
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2018-2023
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Forecast Period
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2025-2032
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Projected Growth Rate
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CAGR of 5.87% between 2025 and 2032
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Revenue Forecast in 2032
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USD 10.07 billion
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Segments Covered
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Vehicle Type, Component Type, Sales Channel
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Countries Covered
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Saudi Arabia, United Arab Emirates, Israel, Egypt, Iran, Iraq, Qatar, Kuwait, Oman, Bahrain, Rest of the Middle East
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Key Companies Profile
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Robert Bosch Middle East FZE, ZF&nbsp;Middle East, Schaeffler Middle East FZE, Cummins Inc., Continental Middle East DMCC, DENSO&nbsp;SALES&nbsp;MIDDLE&nbsp;EAST&nbsp;&amp;&nbsp;NORTH&nbsp;AFRICA&nbsp;FZE, HELLA Middle East FZE, Bridgestone Middle East &amp; Africa FZE, MSSL Mideast (FZE), The Yokohama Rubber Co., Ltd
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report, the&nbsp;Middle East commercial vehicle component market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Vehicle Type
<ul>
<li>Light Commercial Vehicles</li>
<li>Medium Commercial Vehicles</li>
<li>Heavy Commercial Vehicles</li>
</ul>
</li>
<li>By Component Type
<ul>
<li>Powertrain Components</li>
<li>Chassis Components</li>
<li>Braking Systems</li>
<li>Electrical Systems</li>
<li>Body Components</li>
<li>Safety Systems</li>
<li>Telematics and Connectivity Components</li>
<li>Others</li>
</ul>
</li>
<li>By Sales Channel
<ul>
<li>Original Equipment Manufacturers (OEMs)</li>
<li>Aftermarket</li>
</ul>
</li>
<li>By Country
<ul>
<li>Saudi Arabia</li>
<li>United Arab Emirates</li>
<li>Israel</li>
<li>Egypt</li>
<li>Iran</li>
<li>Iraq</li>
<li>Qatar</li>
<li>Kuwait</li>
<li>Oman</li>
<li>Bahrain</li>
<li>Rest of the Middle East</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Continuous innovation characterizes the landscape of commercial vehicles in the Middle East, as companies compete to outperform one another in terms of technology, efficiency, and sustainability. Manufacturers are also setting up their production units and increasing their product portfolio to cater to the needs of the customers. Moreover, companies are continuously investing in research and development to introduce cutting-edge technologies that enhance vehicle performance and reduce environmental impact. By adapting to market trends and consumer preferences, these manufacturers are meeting current demands and positioning themselves for future growth in an increasingly competitive landscape.
For instance, in September 2024, Eaton Corporation plc displayed a variety of aftermarket clutches for the Europe, Middle East, and Africa (EMEA) market at Automechanika Frankfurt. It introduced diaphragm spring clutches, angle spring clutches, concentric pneumatic clutch actuators, and Service Ranger diagnostic solutions for commercial vehicles.
Key Players Operating in the Middle East Commercial Vehicle Component Market are:
<ul>
<li>Robert Bosch Middle East FZE</li>
<li>ZF&nbsp;Middle East</li>
<li>Schaeffler Middle East FZE</li>
<li>Cummins Inc.</li>
<li>Continental Middle East DMCC</li>
<li>DENSO&nbsp;SALES&nbsp;MIDDLE&nbsp;EAST&nbsp;&amp;&nbsp;NORTH&nbsp;AFRICA&nbsp;FZE</li>
<li>HELLA Middle East FZE</li>
<li>Bridgestone Middle East &amp; Africa FZE</li>
<li>MSSL Mideast (FZE)</li>
<li>The Yokohama Rubber Co., Ltd</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul>
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
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Middle East Commercial Vehicle Component Market Assessment, Opportunities and Forecast, 2018-2032F

The Middle East commercial vehicle component market is expected to experience growth due to the rise in demand for commercial vehicles, technological advancement in components, and stringent rules and regulations.

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