GCC Tire Market Overview: 2022-28

Base Year: 2021

Historical Years: 2017-20

Forecast Years: 2022-27

The GCC Tire Market is projected to grow at a CAGR of around 4.8% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly increasing vehicle sales across the GCC region, owing prominently to the improving economy, changing living standards, & growing preference for private vehicle ownership, i.e., propelling the demand for vehicles and directly impacting the tire market. 

Markntel Advisor’s GCC Tire Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC Tire Market drivers, barriers, GCC Tire Market Trends, and Key Players in GCC Tire Market.

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GCC Tire Market Dynamics: 2022-27

Raising Consumer Awareness about Timely Repairs & Replacement of Tires: With a rise in the number of two-wheeler ownerships, customers are becoming increasingly aware of the importance of providing timely repairs & replacement of tires to ensure the utmost safety & long life of their vehicles. It is the most prominent aspect instigating the leading players to increase tire imports & enhance their distribution capacities, i.e., projected to drive the Ethiopia Two-Wheeler Tire Market during 2022-27.

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GCC Tire Market (2022-27): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Vehicle Type

o   Passenger Cars

§  SUV

§  Sedan

§  Hatchback & Bakkies

o   Light Commercial Vehicles (LCV)

§  Light Trucks

§  Light Buses

§  Pickup trucks & Vans

o   Medium & High Commercial Vehicles

§  Bus

§  Truck

o   Two Wheelers

§  Moped

§  Scooters

§  Motorcycles

o   Off the Road (OTR)

§  Earthmoving Equipment

§  Material Handling Equipment

§  Industrial & Mining Equipment

According to report, Here, Passenger Cars are projected to display the fastest growth in the GCC Tire Market during the forecast period.

·       By Demand Type

o   OEM

o   Replacement

·       By Type of Tire

o   Radial

o   Bias

·       By Season

o   All Season

o   Summer

·       By Rim Size

o   Upto 12

o   12.1” to 15”

o   15.1.” to 18”

o   18.1” to 20”

o   20.1” to 22.5”

o   22.6” to 26”

o    26.1” to 35”

o   35.1” to 47”

o   Above 47”

·       By Price Category

o   Low

o   Medium

o   High

·       By Country

o   Saudi Arabia

o   UAE

o   Qatar

o   Kuwait

o   Bahrain

o   Oman

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the GCC Tire Market:

• Hankook
• Bridgestone
• Goodyear
• Michelin
• Continental
• Toyo
• Kumho
• Apollo

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