The expanding passenger car fleet size in Qatar and introduction of new models will drive the country’s passenger car aftermarket components market to reach $ 195 million by 2021, a report said.

Increasing government focus on promoting tourism in the country is projected to further drive passenger car sales in the country, which would further augment demand for passenger car aftermarket components in the country through 2021, added the report titled "Qatar Passenger Car Aftermarket Components Market By Component, Competition Forecast and Opportunities, 2011 - 2021" from TechSci Research, a leading global market research firm.

As per Organisation Internationale des Constructeurs d'Automobiles (OICA), motorization rate (includes passenger cars and commercial vehicles) in Qatar increased from 432 per 1,000 inhabitants in 2014 to 452 per 1,000 inhabitants in 2015.

Increasing domestic demand for passenger cars can be attributed to rising number of nuclear families and expatriates in the country, thereby aiding growth in demand for passenger car components from the aftermarket segment in Qatar.

Qatar emerged as one of the prominent markets for passenger car aftermarket components among the GCC nations. Due to lack of domestic manufacturing in Qatar, demand for passenger cars components is solely addressed through imports. In 2015, United States based AC Delco and Germany based Bosch were the largest players in the country's passenger car aftermarket components market. Due to their strong market presence and high brand acceptance among customers, these companies are expected to continue their market dominance in Qatar through 2021.

"Rising demand for passenger cars aftermarket components in the country can be attributed to expanding passenger car fleet size and hot climatic conditions that affects lifespan of passenger car batteries, thereby resulting in early replacement,” said Karan Chechi, research director with TechSci Research.

“High temperature and flat plains in the country result in more wear and tear of auto components. Consistent rise in passenger car sales over the years has buoyed healthy growth in replacement demand for automotive components in Qatar, and this trend is expected to prevail over the next five years.” – TradeArabia News Service