Oman Tire Market Grow at CAGR of 3.3% FY26

Oman Tire Market Research Report Forecast: (2021-2026)

By Demand Type (OEM, Replacement), By Type of Tire (Radial, Bias), By Season (All-Season, Summer), By Sales Channel (Online, Dealers/Exclusive Outlets), By Rim Sizes (Up to 12, 12.1” to 15”, 15.1.” to... ... 1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Price Category (Low, Medium, High), By Region (North, South, Central), By Companies (Bridgestone Corporation, Sumitomo Rubber, Compagnie Générale Des Établissements Michelin, Yokohama Rubber, Pirelli & C.Spa, Hankook Tire Co., Toyo Tire & Rubber Company Ltd., Continental, Apollo Tyres, Goodyear Tires) Read more

Tire
Mar 2022
Pages 134
Report Format: PDF, Excel, PPT

Market Definition

The swiftly expanding automotive sector in Oman is the most prominent aspect influencing its tire industry. Hence, the growing sales of passenger cars, light commercial, medium & heavy commercial, Off-the-Road (OTR) vehicles, & two wheelers in the country are positively influencing the demand for radial & bias tires, the easy availability of which is boosting the tire industry of Oman.

Market Insights

The Oman Tire Market is projected to grow at a CAGR of around 3.3% during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the increasing construction activities in Oman owing to the escalating government focus on infrastructure developments in line with Oman Vision 2030, i.e., propelling the need for heavy commercial vehicles & construction equipment. It, in turn, is stimulating the demand for tires and driving the market.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR(2021-26)	3.3%
Key Companies Profiled	Bridgestone Corporation, Sumitomo Rubber, Compagnie Générale Des Établissements Michelin, Yokohama Rubber, Pirelli & C.Spa, Hankook Tire Co., Toyo Tire & Rubber Company Ltd., Continental, Apollo Tyres, Goodyear Tires
Unit Denominations	USD Million/Billion

Besides, since the country is rich in oil, the rising number of mining, exploration, & production activities are other crucial aspects soaring the demand for mining equipment and boosting the demand for Off-the-Road (OTR) tires.

Moreover, the burgeoning vehicle sales in Oman owing to swiftly improving economic conditions & living standards, purchasing power, & growing inclination of people toward vehicle ownership are also projected to boost the market through 2026.

Impact of Covid-19 on the Oman Tire Market

The advent of Covid-19 in 2020 had a catastrophic impact on the Oman Tire Market. The imposition of stringent movement restrictions, travel bans, & lockdown by the government led to several unprecedented challenges like disruptions in the supply chain of raw materials, shortage of manpower, demand-supply gaps, delays in distribution, & shut down of manufacturing units. As a result, the leading players in the industry observed massive financial losses amidst the crisis.

However, with the upliftment of restrictions & recommencement of business operations, the leading market players are witnessing lucrative opportunities and have increased the demand for tire imports to meet the burgeoning requirements across the country. In the coming years, they are likely to play a crucial role in bringing back the usual growth pace of the market.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Preface
Executive Summary
Impact of COVID-19 on Oman Tire Market
Expert Verbatim-Interview Excerpts of industry experts
Oman Tire Market Analysis, 2016-2026F
1. Market Size & Analysis
  1. Revenues in (USD Billion)
  2. Units Sold in Million
2. Market Share & Analysis
  1. By Vehicle Type
    1. Passenger Cars
      1. SUV
      2. Sedan
      3. Hatchback & Bakkies
    2. Light Commercial Vehicles (LCV)
      1. Light Trucks
      2. Light Buses
      3. Pickup trucks & Vans
    3. Medium & Heavy Commercial Vehicles
      1. Bus
      2. Truck
    4. Two Wheelers
      1. Moped
      2. Scooters
      3. Motorcycles
    5. Off the Road (OTR)
      1. Earthmoving Equipment
      2. Material Handling Equipment
      3. Industrial & Mining Equipment
  2. By Demand Type
    1. OEM
    2. Replacement
  3. By Type of Tire
    1. Radial
    2. Bias
  4. By Season
    1. All Season
    2. Summer
  5. By Sales Channel
    1. Online
    2. Dealers/ Exclusive Outlets
    3. Others
  6. By Rim Size
    1. Upto 12
    2. 12.1” to 15”
    3. 15.1.” to 18”
    4. 18.1” to 20”
    5. 20.1” to 22.5”
    6. 22.6” to 26”
    7. 26.1” to 35”
    8. 35.1” to 47”
    9. Above 47”
  7. By Price Category
    1. Low
    2. Medium
    3. High
  8. By Region
    1. North
    2. South
    3. Central
  9. By Company
    1. Market Shares, By Revenue
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
3. Market Attractiveness Index
  1. By Type of Vehicle
  2. By Demand Type
  3. By Type of Tire
  4. By Season
  5. By Sales Channel
  6. By Rim Size
  7. By Price Category
  8. By Region
4. By Competitors
  1. Total Units Sold
  2. Market Share
Oman Passenger Car Tire Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. Units Sold in Million
  2. Revenues in USD Billion
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Sedan
    2. SUV
    3. Hatchbacks & Others
  2. OEM Vs Replacement
  3. By Radial Vs Bias
  4. By Season
  5. By Sales Channel
  6. By Tire Rim Size
  7. By Leading Companies
3. Passenger Car Tire Market Attractiveness Indexing
  1. By Type of Vehicle
  2. By Season
  3. By Sales Channel
Oman Light Commercial Vehicle Tire Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. Units Sold in Million
  2. Revenues in USD Billion
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Light Trucks
    2. Light Buses
    3. Pick-Up Trucks & Vans
  2. OEM Vs Replacement
  3. By Radial Vs Bias
  4. By Season
  5. By Sales Channel
  6. By Tire Rim Size
  7. By Leading Companies
3. Light Commercial Vehicle Tire Market Attractiveness Indexing
  1. By Type of Vehicle
  2. By Season
  3. By Sales Channel
Oman Medium & Heavy Commercial Vehicle Tire Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. Units Sold in Million
  2. Revenues in USD Billion
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Trucks
    2. Bus
  2. OEM Vs Replacement
  3. By Radial Vs Bias
  4. By Season
  5. By Sales Channel
  6. By Tire Rim Size
  7. By Leading Companies
3. Medium & Heavy Commercial Vehicle Tire Market Attractiveness Indexing
  1. By Type of Vehicle
  2. By Season
  3. By Sales Channel
Oman Two-Wheeler Tire Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. Units Sold in Million
  2. Revenues in USD Billion
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Motorcycles
    2. Scooters & Mopeds
  2. OEM Vs Replacement
  3. By Radial Vs Bias
  4. By Season
  5. By Sales Channel
  6. By Tire Rim Size
  7. By Leading Companies
3. Two-Wheeler Tire Market Attractiveness Indexing
  1. By Type of Vehicle
  2. By Season
  3. By Sales Channel
Oman OTR Vehicle Tire Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. Units Sold in Million
  2. Revenues in USD Billion
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Earth Moving Equipment
    2. Construction & Agricultural Vehicle
    3. Material Handling Equipment
  2. OEM Vs Replacement
  3. By Radial Vs Bias
  4. By Season
  5. By Sales Channel
  6. By Tire Rim Size
  7. By Leading Companies
3. OTR Vehicle Tire Market Attractiveness Indexing
  1. By Type of Vehicle
  2. By Season
  3. By Sales Channel
Oman Tire Market Value Chain Analysis
1. Key Stakeholders in Value Chain
2. Margin at Various Levels
Oman Tire Market Regulations, Policies, Regulation, Product Benchmarks
Oman Tire Market Trends & Insights
Oman Tire Market Dynamics
1. Drivers
2. Challenges
3. Impact Analysis
Oman Tire Market Hotspot & Opportunities
Oman Tire Market Key Strategic Imperatives for Success & Growth
Oman Tire Market Import & Export Statistics
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Bridgestone Corporation
  2. Sumitomo Rubber
  3. Compagnie Générale Des Établissements Michelin
  4. Yokohama Rubber
  5. Pirelli & C.Spa
  6. Hankook Tire Co.
  7. Toyo Tire & Rubber Company Ltd
  8. Continental
  9. Apollo Tyres
  10. Goodyear Tires
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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