GCC Tire Market Analysis, 2022

GCC Tire Market Analysis, 2022

By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two Wheelers, Off the Road (OTR)), By Demand Category (OEM, Replacement), By Type of Tire (Radial, Bias) Read more

  • Tire
  • Mar 2022
  • 176
  • TR10233

Market Definition

The tire industry across the Gulf was driven formerly by imports, with massive penetration of Chinese tires owing to their easy availability & affordability. However, over recent years, the region has been witnessing an increasing establishment of new automakers & tire manufacturers.

The GCC tire industry offers the assurance of high-quality tires with superior durability, owing to which their demand is escalating swiftly. Hence, its growth prospect in gulf countries is highly opportunistic for the leading tire manufacturers over the coming years.

Market Insights

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. 

Besides, the mounting focus of governments of different countries across the region on infrastructural developments is displaying a rapid acceleration in construction projects, i.e., surging the need for heavy vehicles and, as a result, for tires. It is instigating tire manufacturers to increase their production capacities and meet the increasing end-user requirements, thereby driving the market. Moreover, favourable government policies are playing a vital role in attracting foreign investments, establishing new production facilities, & enhancing the import & export business of tires & automobiles. 

Furthermore, with the mounting influx of tourism, pilgrims, & migrants across the GCC, the construction of residential complexes, hotels, shopping malls, highways, & airports, among others, is also escalating swiftly. It, in turn, is augmenting the demand for heavy construction equipment and positively influencing the tire market across the GCC region.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 4.8%
Regions Covered GCC: UAE, Saudi Arabia, Oman, Qatar, Bahrain, Kuwait
Key Companies Profiled Hankook, Bridgestone, Goodyear, Michelin, Continental, Toyo, Kumho, Apollo, Dunlop
Unit Denominations USD Million/Billion

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on GCC Tire Market
  5. Expert Verbatim-Interview Excerpts of industry experts
  6. GCC Tire Market Analysis, 2017-2027F
    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 & High 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 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”
      6. By Price Category
        1. Low
        2. Medium
        3. High
      7. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. Bahrain
        6. Oman
      8. 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 Rim Size
      6. By Price Category
      7. By Country
    4. By Competitors
      1. Total Units Sold
      2. Market Share
  7. Saudi Arabia Tire Market Analysis, 2022
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Rim Size
      6. By Price Category
  8. UAE Tire Market Analysis, 2022
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Rim Size
      6. By Price Category
  9. Qatar Tire Market Analysis, 2022
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Rim Size
      6. By Price Category
  10. Bahrain Tire Market Analysis, 2022
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Rim Size
      6. By Price Category
  11. Kuwait Tire Market Analysis, 2022
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Rim Size
      6. By Price Category
  12. Oman Tire Market Analysis, 2022
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Rim Size
      6. By Price Category
  13. GCC Tire Market Value Chain Analysis
    1. Key Stakeholders in Value Chain
    2. Margin at Various Levels
  14. GCC Tire Market Regulations, Policies, Regulation, Product Benchmarks
  15. GCC Tire Market Trends & Insights
  16. GCC Tire Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  17. GCC Tire Market Hotspot & Opportunities
  18.  GCC Tire Market Key Strategic Imperatives for Success & Growth
  19. GCC Tire Market Import & Export Statistics
  20. 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. Hankook
      2. Bridgestone
      3. Goodyear
      4. Michelin
      5. Continental
      6. Toyo
      7. Kumho
      8. Apollo
      9. Dunlop
  21. Disclaimer
GCC Tire Market Segmentation
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