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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, Repl......acement), By Type of Tire (Radial, Bias), By Sales Channel (Dealer/Exclusive Outlets, Online), By Season (All-Season, Summer), By Price Category (Low, Medium, High), By Rim Diameter (Up to 12”, 12.1” 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 Region (East, West), Company(Alliance Tires, Giti, Bridgestone, Continental, Hankook, Michelin, Pirelli, Toyo, Sumitomo, Goodyear Tire, Shandong Hengfeng Rubber & Plastic Co., Ltd.) Read more

Tire
Apr 2022
Pages 130
Report Format: PDF, Excel, PPT

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

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Executive Summary
Experts Verbatim-What our experts say?
Israel Tire Market Analysis, 2017- 2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicles
    1. Passenger Car
    2. Light Commercial Vehicle
    3. Buses and Trucks
    4. Medium and Heavy Commercial Vehicles
    5. Off the Road (OTR)
    6. Two Wheelers
    7. Three Wheeler
  2. By Demand Category
    1. OEM
    2. Replacement
  3. By Type of Tire
    1. Radial
    2. Bias
  4. By Sales Channel
    1. Dealer/Exclusive Outlets
    2. Online
    3. Others
  5. By Season
    1. All-season
    2. Summer
  6. By Price Category
    1. Low
    2. Medium
    3. High
  7. By Rim Diameter
    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”
  8. By Region
    1. East
    2. West
  9. By Company
    1. Revenue Shares
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
Israel Passenger Car Tire Market Analysis, 2017- 2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Sedan
    2. SUV
    3. Hatchbacks
    4. Others
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Israel Light Commercial Vehicle Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Light Trucks
    2. Light Buses
    3. Pick-up Trucks and Vans
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Israel Medium Heavy Commercial Vehicle Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Trucks
    2. Buses
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Israel Two-Wheeler Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Scooters
    2. Mopeds
    3. Motorcycles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Israel OTR Vehicle Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Earthmoving Equipment
    2. Construction and Agricultural Vehicles
    3. Material Handling Vehicles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Israel Three-Wheeler Vehicle Tire Market, 2017-2027
10.1.Market Size & Analysis
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
Israel Tire Market Policies, Regulations, Product and Services Standards
Israel Tire Market Trends & Insights
Israel Tire Market Dynamics
13.1.Growth Drivers
13.2.Challenges
13.3.Impact Analysis
Israel Tire Market Hotspot & Opportunities
Israel Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product and Services Portfolio
  2. Brand Specialization
  3. Target Markets
  4. Target End Users
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Alliance Tires
  2. Giti
  3. Bridgestone
  4. Continental
  5. Hankook
  6. Michelin
  7. Pirelli
  8. Toyo
  9. Sumitomo
  10. Goodyear Tire
  11. Shandong Hengfeng Rubber & Plastic Co., Ltd.
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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