UAE is one of the most popular places to source bearings, spare parts, tires, and lubricants. There is a wide array of factors that contributed to the success of Dubai as the leading provider of various spare parts for the continents in Africa, Europe, the Middle East, and even parts of Asia. The rapid modernization and industrialization that are sweeping across the globe have increased the need for capital goods.
The various capital goods such as bearings, spare parts, machinery, lubricants, other accessories, and mechanical goods are in demand in a lot of countries, particularly in the African regions. The spare parts or automotive market in particular is very attractive in various sectors in the UAE-based enterprises. As a matter of fact, UAE emerged as the top supplier of capital goods in many countries in Southern, Central, and East Africa.
For several decades, UAE has established its credibility as one of the major suppliers of OEM Spare Parts in the Gulf region, particularly in Iran, Africa, and Indian-sub-continent. These countries are importing their major stock requirements in UAE, as one of their top destinations compared with other sources. Thus, despite the recession, the spare parts and the automobile industry were able to recover amidst the economic crisis.
However, the increased demand for premium quality and genuine spare parts has also encouraged illegal importers. These have posed great alarm to the industry of automotive spare parts. Thus, there is an extensive campaign against illegal importation since they are using illegal channels.
Reports reveal that there are almost 30% of OEM Spare Parts are supplied by illegal imports. Most buyers prefer pirated goods because it is offered at discounted rates. Thus, the illegal operators pose great threats to the local distributors and agents who are trying to survive by offering high volume orders and lower profit margins to their customers.
It is important to note that importing low-priced goods with low-quality products poses risks for the safety of the end users. Thus, it is best to purchase only with accredited distributors and agents to ensure high-quality products with competitive rates.
One of the most extraordinary new trends in the UAE since the OEM Spare Parts dubai1990s has been the explosion in the number of visitors from the republics of the former Soviet Union lured by the many ways money can be made in the Gulf. Enterprising Russians have been traveling to Dubai on specially-chartered flights to buy as many products as they can carry for re-sale at huge profits at home.
An estimated 100,000 tourists from the former Soviet republics travel to the UAE each year. Each visitor is estimated to spend a minimum of $10,000 in local shops. More than a quarter of this goes on automobile spare parts and related products. As the spare parts trade to the United Arab Emirates gains in stature, there are bound to be new demands from within the Dubai market. The UAE, with its strategic location and its well-established distribution network, can reap rich dividends by catering to the increasing demand for automobile spares, ball bearings, and lubricants in the fast-developing markets of the United Arab Emirates.
For more details visit our website: OEM Spare Parts
Contact: +971 55 9590464
Address: Sharjah Industrial Area No 18, Sharjah, UAE
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