Introduction:
The automotive aftermarket industry in the Middle East and Africa (MEA) region is projected to experience significant growth in the coming years, with a Compound Annual Growth Rate (CAGR) of 8.2% expected by 2030. As part of this growth, Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will host the Automechanika Academy from April 30 to May 2, 2024. The event will feature key industry figures discussing strategies and trends shaping the Saudi Arabian automotive sector. With the industry set to exceed US$69.39 billion by 2028, this event is a crucial platform for thought leadership and knowledge sharing in the automotive aftermarket ecosystem.
### Accelerating KSA’s Mobility: Insights and Strategies
The first day of the Automechanika Academy will focus on the theme of “Accelerating KSA’s Mobility,” highlighting the transition of the Kingdom of Saudi Arabia’s economy, advancements in the automotive industry landscape, and investments in autonomous vehicles. Discussions will also cover sustainable mobility solutions, including electric vehicle infrastructure, fleet electrification, and smart mobility innovations. Key speakers such as Mark Notkin, Robin Joffe, and Zaid Al Nabolsy will provide insights into these topics, shedding light on the future of mobility in KSA.
### The Way Forward: Automotive Aftermarket Trends
On the second day of the event, the focus will shift to “The Way Forward: Automotive Aftermarket,” with discussions centered on regulatory compliance, digital transformation, and sustainability in the automotive sector. Speakers like Arda Arslan, Ali Rizvi, and Mark Carson will share their expertise on growth prospects in the GCC, local manufacturing incentives, and the impact of technology on the aftermarket industry. Panel discussions will offer valuable insights into the future direction of the automotive aftermarket sector in Saudi Arabia.
### Industry Experts and Keynote Speakers
The Automechanika Academy will feature a lineup of renowned industry experts and keynote speakers, including representatives from leading organizations such as Petromin Corporation, Frost & Sullivan, ABB, and Lucid Motors. These speakers will provide valuable perspectives on various aspects of the automotive aftermarket, ranging from electric vehicle infrastructure to regulatory compliance and digital transformation. Their insights will offer attendees a comprehensive view of the opportunities and challenges shaping the future of the automotive industry in the MEA region.
### Evolving Saudi Arabian Automotive Market
Bilal Al Barmawi, CEO and Founder of 1st Arabia Trade Shows & Conferences, highlighted the evolution of the Saudi Arabian automotive market from its inception in 1929 to its current status as a key player in the global industry. With approximately 10 million passenger cars on the roads today, Saudi Arabia has witnessed exponential growth in its automotive sector. Automechanika Riyadh plays a crucial role in advancing the industry by providing a platform for knowledge sharing, networking, and business opportunities for industry stakeholders.
### The Future of Automechanika Riyadh
Aly Hefny, Show Manager of Automechanika Riyadh, emphasized the significance of the event as the fastest-growing automotive aftermarket in the GCC region. The surge in demand from visitors and exhibitors reflects the growing interest in the automotive industry in Saudi Arabia. The exhibition’s focus on seven product areas, including parts & components, tyres & batteries, and diagnostics & repairs, underscores its importance as a comprehensive platform for industry players. With a diverse range of international participants and a strong lineup of speakers, Automechanika Riyadh is poised to shape the future of the automotive aftermarket in the region.
In conclusion, Automechanika Riyadh represents a key event for the automotive aftermarket industry in Saudi Arabia and the broader MEA region. With a focus on industry trends, innovation, and growth strategies, the event will provide valuable insights for stakeholders looking to capitalize on the opportunities in the rapidly evolving automotive sector. By bringing together industry experts, thought leaders, and key decision-makers, Automechanika Riyadh aims to drive the industry forward and position Saudi Arabia as a hub for automotive innovation and development.