Israel Tire

Israel Tire Market Research Report Forecast: (2022-2027)

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

  • Tire
  • Apr 2022
  • 130
  • TR10216

Market Definition

The tire industry in Israel is highly import-driven and depends on countries like the US, Germany, & China, among others, to cater to consumer requirements for tires. As the country is prosperous, the government is investing substantially in the development of the tire industry and laying out favorable policies for attracting foreign investments in the establishment of tire manufacturing facilities, which projects remunerative growth prospects for the tire market across Israel in the coming years.

Market Insights

The Israel Tire Market is projected to grow at a CAGR of around 4.6% during the forecast period, i.e., 2022-27. Most of the market expansion is driven by the high disposable income of the people of Israel, which portrays a high rate of private vehicle ownership in the country. As a result, the escalating vehicle fleet is playing a crucial role in augmenting the demand for tires and driving the market. 

Besides, as the country is also rich in diamonds and practices numerous excavation activities, the surging need for heavy equipment is positively influencing the demand for robust tires for stability, reliability, & greater operational efficiency. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 4.6%
Region Covered East, West
Key Companies Profiled Alliance Tires, Giti, Bridgestone, Continental, Hankook, Michelin, Pirelli, Toyo, Sumitomo, Goodyear Tire, Shandong Hengfeng Rubber & Plastic Co., Ltd.
Unit Denominations USD Million/Billion

 

Moreover, the rising population levels are instigating the government of Israel to develop a well-structured housing infrastructure, i.e., leading to numerous ongoing & upcoming construction projects across the residential sector across the country. Similarly, the massive influx of tourists & migrants is stimulating the need for a developed commercial sector and, in turn, fueling the construction of airports, shopping malls, railway stations, hotels, restaurants, etc.

Hence, these increasing construction activities across the residential & commercial sectors are soaring the need for commercial vehicles for multiple applications, which, in turn, is propelling the demand for tires and augmenting the overall growth of the tire market in Israel.

Impact of Covid-19 on the Israel Tire Market

The advent of Covid-19 in 2020 severely impacted the automotive & tire industries in Israel and introduced several unprecedented challenges for the leading companies operating in the market. The supply chain disruptions, delivery & production delays, & price fluctuations caused due to the imposition of lockdown & import/export restrictions amidst the crisis introduced massive revenue losses for the leading market players.

However, as Covid-19 cases started decreasing gradually, the government uplifted all movement & trade restrictions, which enabled the market players to resume tire imports to cater to the end-user requirements. Moreover, several companies operating in the Israel Tire Market shifted to digital platforms to sell their products via e-commerce websites & offer door-step delivery & installation to their customers, which promoted the market expansion amidst the crisis in 2020

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Experts Verbatim-What our experts say?

4.     Israel Tire Market Analysis, 2017- 2027

4.1.   Market Size & Analysis

4.1.1. Market Revenue

4.1.2. Units Sold

4.2.   Market Share & Analysis

4.2.1. By Type of Vehicles

4.2.1.1.  Passenger Car

4.2.1.2.  Light Commercial Vehicle

4.2.1.3.  Buses and Trucks

4.2.1.4.  Medium and Heavy Commercial Vehicles

4.2.1.5.  Off the Road (OTR)

4.2.1.6.  Two Wheelers

4.2.1.7.  Three Wheeler

4.2.2. By Demand Category

4.2.2.1.  OEM

4.2.2.2.  Replacement

4.2.3. By Type of Tire

4.2.3.1.  Radial

4.2.3.2.  Bias

4.2.4. By Sales Channel

4.2.4.1.  Dealer/Exclusive Outlets

4.2.4.2.  Online

4.2.4.3.  Others

4.2.5. By Season

4.2.5.1.  All-season

4.2.5.2.  Summer

4.2.6. By Price Category

4.2.6.1.  Low

4.2.6.2.  Medium

4.2.6.3.  High

4.2.7. By Rim Diameter

4.2.7.1.  Upto 12”

4.2.7.2.  12.1” to 15”

4.2.7.3.  15.1.” to 18”

4.2.7.4.  18.1” to 20”

4.2.7.5.  20.1” to 22.5”

4.2.7.6.  22.6” to 26”

4.2.7.7.  26.1” to 35”

4.2.7.8.  35.1” to 47”

4.2.7.9.  Above 47”

4.2.8. By Region

4.2.8.1.  East

4.2.8.2.  West

4.2.9. By Company

4.2.9.1.  Revenue Shares

4.2.9.2.  Strategic Factorial Indexing

4.2.9.3.  Competitor Placement in MarkNtel Quadrant

5.     Israel Passenger Car Tire Market Analysis, 2017- 2027

5.1.   Market Size & Analysis

5.1.1. Market Revenue

5.2.   Market Share & Analysis

5.2.1. By Type of Vehicle

5.2.1.1.  Sedan

5.2.1.2.  SUV

5.2.1.3.  Hatchbacks

5.2.1.4.  Others

5.2.2. By Demand Category

5.2.3. By Type of Tire

5.2.4. By Sales Channel

5.2.5. By Season

5.2.6. By Price Category

5.2.7. By Rim Diameter

5.2.8. By Region

6.     Israel Light Commercial Vehicle Tire Market, 2017-2027

6.1.   Market Size & Analysis

6.1.1. Market Revenue

6.2.   Market Share & Analysis

6.2.1. By Type of Vehicle

6.2.1.1.  Light Trucks

6.2.1.2.  Light Buses

6.2.1.3.  Pick-up Trucks and Vans

6.2.2. By Demand Category

6.2.3. By Type of Tire

6.2.4. By Sales Channel

6.2.5. By Season

6.2.6. By Price Category

6.2.7. By Rim Diameter

6.2.8. By Region

7.     Israel Medium Heavy Commercial Vehicle Tire Market, 2017-2027

7.1.   Market Size & Analysis

7.1.1. Market Revenue

7.2.   Market Share & Analysis

7.2.1. By Type of Vehicle

7.2.1.1.  Trucks

7.2.1.2.  Buses

7.2.2. By Demand Category

7.2.3. By Type of Tire

7.2.4. By Sales Channel

7.2.5. By Season

7.2.6. By Price Category

7.2.7. By Rim Diameter

7.2.8. By Region

8.     Israel Two-Wheeler Tire Market, 2017-2027

8.1.   Market Size & Analysis

8.1.1. Market Revenue

8.2.   Market Share & Analysis

8.2.1. By Type of Vehicle

8.2.1.1.  Scooters

8.2.1.2.  Mopeds

8.2.1.3.  Motorcycles

8.2.2. By Demand Category

8.2.3. By Type of Tire

8.2.4. By Sales Channel

8.2.5. By Season

8.2.6. By Price Category

8.2.7. By Rim Diameter

8.2.8. By Region

9.     Israel OTR Vehicle Tire Market, 2017-2027

9.1.   Market Size & Analysis

9.1.1. Market Revenue

9.2.   Market Share & Analysis

9.2.1. By Type of Vehicle

9.2.1.1.  Earthmoving Equipment

9.2.1.2.  Construction and Agricultural Vehicles

9.2.1.3.  Material Handling Vehicles

9.2.2. By Demand Category

9.2.3. By Type of Tire

9.2.4. By Sales Channel

9.2.5. By Season

9.2.6. By Price Category

9.2.7. By Rim Diameter

9.2.8. By Region

10.  Israel Three-Wheeler Vehicle Tire Market, 2017-2027

10.1.Market Size & Analysis

10.1.1.   Market Revenue

10.2.Market Share & Analysis

10.2.1. By Type of Vehicle

10.2.1.1. Passenger Carrier

10.2.1.2. Load Carrier

10.2.2. By Demand Category

10.2.3. By Type of Tire

10.2.4. By Sales Channel

10.2.5. By Season

10.2.6. By Price Category

10.2.7. By Rim Diameter

10.2.8. By Region

11.  Israel Tire Market Policies, Regulations, Product and Services Standards

12.  Israel Tire Market Trends & Insights

13.  Israel Tire Market Dynamics

13.1.Growth Drivers

13.2.Challenges

13.3.Impact Analysis

14.  Israel Tire Market Hotspot & Opportunities

15.  Israel Tire Market Key Strategic Imperatives for Success & Growth

16.  Competition Outlook

16.1.  Competition Matrix

16.1.1. Product and Services Portfolio

16.1.2. Brand Specialization

16.1.3. Target Markets

16.1.4. Target End Users

16.1.5. Research & Development

16.1.6. Strategic Alliances

16.1.7. Strategic Initiatives

16.2.  Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

16.2.1.   Alliance Tires

16.2.2.   Giti

16.2.3.   Bridgestone

16.2.4.   Continental

16.2.5.   Hankook

16.2.6.   Michelin

16.2.7.   Pirelli

16.2.8.   Toyo

16.2.9.   Sumitomo

16.2.10.  Goodyear Tire

16.2.11.  Shandong Hengfeng Rubber & Plastic Co., Ltd.

17.  Disclaimer

Israel Tire Market Segmentation
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