UAE auto sales expected to rise 8% through 2014

The global market for lubricating oils and greases, which includes both commercial automotive and industrial lubricants, is expected to be 10.5 billion gallons annually by 2015.Growing demand from BRIC countries, Central Asia and Africa is anchoring the increase in the lube market, which has led to a spurt of interest in the upcoming Automechanika Middle East in Dubai, the region's premiere trade and networking event for the automotive aftermarket."Global suppliers and buyers from around North and East Africa, the countries of the former CIS [Azerbaijan, Kazakhstan, Uzbekistan, Turkmenistan, Kyrgystan and Tajikistan], Iran, Pakistan, India and others are expressing interest in sourcing out of Saudi Arabia, the UAE, Kuwait and Qatar," said Ahmed Pauwels, Chief Executive Officer of organiser Epoc Messe Frankfurt. "The UAE has very consistent growth, with new projects continuously coming on line, The UAE eonomy has done extremely well, with reports indicating that the volume of exports has increased a lot over the past few years. Automechanika Middle East is expecting to attract a large part of this growing interest, thanks to its extensive line-up of leading manufacturers and suppliers of lubricants, If there is growth in the sector there is a demand for lubricants." Pauwels added.
A recent market trend is that lubricants from the UAE are gaining popularity and market share in the rising markets around the immediate region and beyond. Today, a significant part of the demand from CIS, Afghanistan, Pakistan, India, Sri Lanka, Bangladesh and Africa is being fulfilled by UAE suppliers.
Automechanika Middle East 2011, which will run from June 7 to 9 at the Dubai International Convention and Exhibition Centre, will also feature exhibitors from the tyres and tubes, workshop equipment, batteries, parts and systems, repair and maintenance and accessories and tuning industries.


source: menafn.com