GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • May 2021 •
  • 138 pages •
  • Report ID: 5083182 •
  • Format: PDF
The market for tires in the GCC region was predominantly import driven, with a considerable penetration of Chinese tire brands, owing to their affordability and easy availability.

However, over the past several years, the flagships brands have been gaining momentum as a result of high-quality assurance and extended life-cycle of the products they offer. Moreover, the flagships brands are employing various marketing techniques to create opportunities in the areas related to the automobile industry, such as introducing car accessories and providing F&I (finance and insurance) services. This has contributed significantly in enhancing their profit margins. According to the latest report by the analyst titled, “GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the GCC tire market reached a value of US$ 2.5 Billion in 2020.

In the GCC countries, only a small section of consumers contributes to the sales of new vehicles, whereas, the majority of them prefer used vehicles. As a result, there is a high demand for tires, particularly replacement tire, for the used cars. This emerges as a major force behind the growth of the tire market in the region. Apart from this, many consumers also like upgrading and customising their vehicles, and change tires as per their requirements. Some of the other growth inducing factors include rising immigration rates and the establishment of local tire manufacturing facilities. Looking forward, the GCC tire market is expected to exhibit moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the GCC tire market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on country, design, end-use, vehicle type, distribution channel, and season.

Breakup by Design:
Radial
Bias

Breakup by End-Use:
OEM Market
Replacement Market

Breakup by Vehicle Type:
Passenger Cars
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Light Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Medium and Heavy Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Two Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Three Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size
Off-The-Road (OTR)
Market Breakup by Rim Size
Market Breakup by Tire Size
Price Ranges by Rim Size

Breakup by Distribution Channel

Offline
Online

Breakup by Countries:
Saudi Arabia
UAE
Others
Kuwait
Qatar
Bahrain
Oman

Key Questions Answered in This Report:
How has the GCC tire market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC tire industry?
What are the key design segments in the GCC tire industry?
What are the key end-use segments in the GCC tire industry?
What are the key vehicle types in the GCC tire industry?
What are the key distribution channels in the GCC tire industry?
What are the key regional markets in the GCC tire industry?
What are the various stages in the value chain of the GCC tire industry?
What are the key driving factors and challenges in the GCC tire industry?
What is the structure of the GCC tire industry and who are the key players?
What is the degree of competition in the GCC tire industry?
What are the profit margins in the GCC tire industry?
What are the key requirements for setting up a tire manufacturing plant?
How is tire manufactured?
What are the various unit operations involved in a tire manufacturing plant?
What is the total size of land required for setting up a tire manufacturing plant?
What are the machinery requirements for setting up a tire manufacturing plant?
What are the raw material requirements for setting up a tire manufacturing plant?
What are the packaging requirements for tires?
What are the transportation requirements for tires?
What are the utility requirements for setting up a tire manufacturing plant?
What are the manpower requirements for setting up a tire manufacturing plant?
What are the infrastructure costs for setting up a tire manufacturing plant?
What are the capital costs for setting up a tire manufacturing plant?
What are the operating costs for setting up a tire manufacturing plant?
What will be the income and expenditures for a tire manufacturing plant?
What is the time required to break-even?