In 2021, the year-on-year growth of the aftermarket revenue of light vehicles in the Gulf Cooperation Council (GCC) region post the COVID-19 pandemic was approximately four percent, with Bahrain leading the region. The cumulative annual growth rate (CAGR) of the industry in the region was expected to grow between 2021 and 2025 due to the development of the non-oil sectors in the region and the upcoming global events in the GCC such as the FIFA World Cup held in Qatar in 2022, Expo Dubai in 2021, and Saudi Vision 2030.
Forecasted annual revenue growth of light vehicle aftermarket post COVID-19 outbreak in the Gulf Cooperation Council region in 2021 with forecasts to 2025, by country*
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Frost & Sullivan. (November 30, 2021). Forecasted annual revenue growth of light vehicle aftermarket post COVID-19 outbreak in the Gulf Cooperation Council region in 2021 with forecasts to 2025, by country* [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1301093/gcc-light-vehicle-aftermarket-revenue-growth-post-covid-19-by-country/
Frost & Sullivan. "Forecasted annual revenue growth of light vehicle aftermarket post COVID-19 outbreak in the Gulf Cooperation Council region in 2021 with forecasts to 2025, by country*." Chart. November 30, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1301093/gcc-light-vehicle-aftermarket-revenue-growth-post-covid-19-by-country/
Frost & Sullivan. (2021). Forecasted annual revenue growth of light vehicle aftermarket post COVID-19 outbreak in the Gulf Cooperation Council region in 2021 with forecasts to 2025, by country*. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1301093/gcc-light-vehicle-aftermarket-revenue-growth-post-covid-19-by-country/
Frost & Sullivan. "Forecasted Annual Revenue Growth of Light Vehicle Aftermarket Post Covid-19 Outbreak in The Gulf Cooperation Council Region in 2021 with Forecasts to 2025, by Country*." Statista, Statista Inc., 30 Nov 2021, https://www.statista.com/statistics/1301093/gcc-light-vehicle-aftermarket-revenue-growth-post-covid-19-by-country/
Frost & Sullivan, Forecasted annual revenue growth of light vehicle aftermarket post COVID-19 outbreak in the Gulf Cooperation Council region in 2021 with forecasts to 2025, by country* Statista, https://www.statista.com/statistics/1301093/gcc-light-vehicle-aftermarket-revenue-growth-post-covid-19-by-country/ (last visited November 21, 2024)
Forecasted annual revenue growth of light vehicle aftermarket post COVID-19 outbreak in the Gulf Cooperation Council region in 2021 with forecasts to 2025, by country* [Graph], Frost & Sullivan, November 30, 2021. [Online]. Available: https://www.statista.com/statistics/1301093/gcc-light-vehicle-aftermarket-revenue-growth-post-covid-19-by-country/
