Press Release Description

The Middle East Two-Wheeler Tire Market to Grow at a CAGR of Around 4.12% During the Forecast Period

The Middle East Two-Wheeler Tire Market is anticipated to grow at a CAGR of about 4.12% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The individuals residing in the Middle Eastern countries are experiencing massive traffic jams. As a result, several working professionals in these countries often reach their working locations very late. Therefore, consumers in these countries are shifting towards transportation solutions that help them reach their desired location quickly. Hence, the consumers in these Middle Eastern countries are purchasing the two-wheelers consequently uplifting the demand for the two-wheeler tires in the Middle East.

Furthermore, the inhabitants in these nations are recording a surge in their spending as the Middle Eastern countries are tax-free. Therefore, the consumers in these countries purchase luxury motorcycles & bikes. These motorbikes offer high performance, attracting the attention of several genZ consumers in the Middle East. Therefore, this inclination towards these luxury & high-performance motorcycles is uplifting the demand for specialized two-wheeler tires, uplifting market growth.

Additionally, the governing authorities in the region are providing motorcycles & other two-wheelers to the police personnel since these two-wheelers help in providing rapid response. These bikes help the police personnel to reach the emergency location more quickly than the passenger cars. As a result, the official authorities are providing two-wheelers, consequently expanding the usage of the two-wheelers in Middle Eastern countries. The extensive usage of two-wheelers for consistent patrolling purposes is amplifying tire wear & tear, enhancing the need for tire replacement & amplifying the Middle East Two-Wheeler Tire market, The Middle East Two-Wheeler Tire Market Analysis, 2024.”

Middle East Two-Wheeler Tire Market

Segmentation Analysis

The Scooter & Moped Segment Holds the Largest Market Share

Based on the vehicle type, the market is further bifurcated into Scooter & Moped and Motorcycle. The scooter and moped segment accounted for a significant market share in the Middle East Two-Wheeler Tire Market. Middle Eastern countries are digitally transforming & the consumers in these countries are heavily relying on digital platforms to order products. This inclination of the consumers towards online e-commerce platforms necessitates the logistics service provider to opt for vehicles that provide quicker delivery than commercial vehicles. Hence, logistics service providers are increasingly looking out for scooters & mopeds to ensure the quick & efficient supply of the products, enlarging the market share of the scooters & mopeds in the Middle Eastern Two-Wheeler Tire Market. Additionally, the younger generation is positively influenced by the emerging trends of using two-wheelers for short commuting purposes. Therefore, the genZ population is transitioning towards scooters & mopeds rather than passenger cars to travel short distances, consequently amplifying the share of scooters & mopeds in the Middle Eastern Two-Wheeler Tire Market.

The Replacement Segment Dominates the Market

Based on the Demand Type, the market is divided into OEM & Replacement. Of them all, the OEM holds a notable market share in the Middle East Two-Wheeler Tire Market. Middle Eastern countries have limited two-wheeler manufacturing units since these nations have higher labor costs & unskilled labor, owing to which the demand for the tires from OEM is significantly lower than the replacement. Further, inhabitants in these Middle Eastern countries are opting for two-wheelers for personal transportation which is leading to tire wear & tear. This negatively impacts the operational efficiency of these vehicles, therefore, to ensure the smooth functioning of the two-wheelers, the individuals ensure that their two-wheelers undergo regular tire replacement, enlarging their market share in the Middle East Two-Wheeler Tire market.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Bridgestone, Michelin, Continental AG, Pirelli Tyre S.p.A., Goodyear Tire & Rubber Company, Maxxis International, Sumitomo Rubber Industries Ltd., Dunlop, Kenda Tires, Mitas, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping up across the region?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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