Saudi Arabia Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Saudi Arabia Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • July 2020 •
  • 108 pages •
  • Report ID: 5949551 •
  • Format: PDF
The Saudi Arabia tire market grew at a CAGR of around 7% during 2014-2019.

The Saudi Arabia tire market is 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.

Rapid development in the automobile sector of Saudi Arabia is contributing to the strong growth of the tire market. The expanding consumer base supported by the elevating living standards and increasing per capita expenditure on premium vehicle components further augments the market growth. The rising penetration of international tire brands offering high-quality assurance and extended product life has led to their growing presence in Saudi Arabia. Additionally, several regional tire manufacturing companies are entering into strategic partnerships and alliances with international players for expanding their product portfolios, thus leading to product premiumization. furthermore, in 2018, Saudi Arabia allowed women to drive a car on their own, ending a ban where women were legally required to be driven by chauffeurs or travel with male family members. This is expected to further drive the demand of tires in Saudi Arabia. Other factors that will catalyse the demand of tires in Saudi Arabia include increasing number of infrastructure projects, growing construction industry, rising demand for replacement tires, etc. Looking forward, the analyst expects the market to continue its moderate growth during the next five years.

Breakup by Type

Radial
Bias

Breakup by End-Use:
OEM
Replacement

Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two-Wheeler
Off-The-Road (OTR)

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

Breakup by Distribution Channel

Offline
Online

Breakup by Regions:
Eastern
Central
Northern
Northwest
Midwest
Southwest

Key Questions Answered in This Report:
How has the Saudi Arabia tire market performed so far and how will it perform in the coming years?
What are the key product types in the Saudi Arabia tire industry?
What are the key end-use segments in the Saudi Arabia tire industry?
What are the key vehicle types in the Saudi Arabia tire industry?
What are the key distribution channels in the Saudi Arabia tire industry?
What are the key regional markets in the Saudi Arabia tire industry?
What are the various stages in the value chain of the Saudi Arabia tire industry?
What are the key driving factors and challenges in the Saudi Arabia tire industry?
What is the structure of the Saudi Arabia tire industry and who are the key players?
What is the degree of competition in the Saudi Arabia tire industry?
What are the profit margins in the Saudi Arabia tire industry?