Huge market for modified cars, bikes in UAE
Three-day Auto Festival 2018 kicks off in Abu Dhabi
There is a huge market for modified cars and bikes in the UAE, a senior representative of the US-based Specialty Equipment Market Association (Sema) said in Abu Dhabi.
“The car culture that is developing here is phenomenal. There is a great opportunity for American companies to be able to come here, to be able to design parts specifically for vehicles in the market to upgrade their form, function or appearance. It’s a young market and there are young people that are modifying these vehicles,” said Wade T. Kawasaki, chairman of the board of the association.
Kawasaki was speaking to Gulf News on the sidelines of Auto Festival 2018 that kicked off in Abu Dhabi yesterday. The three-day event brings together a number of auto dealers and manufacturers specialising in modified cars and bikes to display their products and sell it to potential customers. Saeed Al Marzouqi, chairman of Custom Events, the organiser of Auto Festival 2018, said the modified car and bikes industry in the UAE is worth Dh1 billion.
More than 30 companies representing the association are taking part in the event. Among them are manufactures specialising in exhaust systems, wheels, engines, body covers, among others.
“Enthusiasts in the Middle East not only possess a passion for personalisation but also have disposable income that makes it a very attractive region,” said Linda Spencer, SEMA’s senior director of international and government affairs. Meanwhile, the market has been slightly down for modified bikes in the last couple of years due to economic conditions, according to the UAE-based auto dealers. “The sales are down due to various reasons including low economic activity. We are not selling like what we used to sell four to five years back,” said Graham Dewasurendre, manager of Dubai-based Top Speed Bikes.
He added that the price of a modified bike could start from Dh47,000 and go up to Dh200,000 depending on the design and modification.