Market Overview in Glance:
The automotive manufacturing industry comprise the production of different auto mobile section such as truck (includes light commercial vehicles heavy truck) and Buses, motorcycles and passenger car. Automotive manufacturing industry vale is calculated in term of manufacturer.
Middle Eastern automotive industry although had some period of decline tempered by periods of strong growth, but in general is in constant growth, due to demand and consumer’s growth trend, the production industry also is expected to produce good growth during these years.
As an instance, the Middle Eastern automotive manufacturing industry had total revenues of around US$ 15.0 bn. in 2013 representing the compound of growth rate of 7% between 2009 and 2013.
While industry production growth increased almost +4%. Between these periods of time with about 243 thousand units in 2013. The industry’s volume is expected to raise up to about 350 thousand units in 2018, representing total compound growth of about 7.5% for the period of 2013 – 2018.
The performance of the industry is forecast to accelerate with an anticipated compound industry growth of more than 8.5% for the five-year period of 2013 – 2018 which is expected to drive the industry to a value of USD 22 bn. By the end of 2018.
All these trends are affecting related business of after sells market (Brand and OEM auto parts).
Auto part business Volume in UAE
By considering the wide coverage area and possibility of UAE’s auto OEM part distribution and trade, which has access to Middle East & North Africa (MENA), as well as Indian subcontinent, its continuous efforts to establish strong trade relations and build effective links with the various economic sectors related to Auto part and industry.
We, in this market are playing small rule on providing related parts mainly light vehicles, OEM part and services to Auto makers.
Our Activity in Machinery and Auto making industry:
We, at KGT Group, all come to work every day to fulfill our commitments and ensure our customers to receive the best Products and Services. Since 1996 which we start our work as a small trading company, throughout the history of our activity, we tried our best to grow up our business in accordance with the needs of the global market.
Our main concentration is on the break hos Auto lights and related parts:
• Break hose, tube & assembly
• Fitting and forging
• pressure switches
• high pressure hydraulic tubes
• Different raw material and components of car and vehicle Light production
• Related auto part making machinery and spare parts