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Qatar Tire Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Qatar Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Impact of COVID-19 on Tire
The novel Coronavirus disrupted the supply chain of the and the sales of the tires during first half of 2020. However, the imports were ban from other borders in 2020 however, post lockdown the sales flourished and revival is expected throughput 2021.
Market Opportunities
According to MarkNtel Advisors’ research report “Qatar Tire Market Analysis, 2020”, the Qatar Tire market is anticipated to grow at a CAGR of around 12% during 2021-26. Expanding fleet size and rising sales of automobiles are major growth factors for the tire market in Qatar. Qatar is an import driven market. Also, the presence of the dealers is aiding in the growth of tires market.
Market Segmentation
Passenger Car Segment Dominate the Market with Highest Market Share
The passenger car segment acquired the highest market share in 2020. The major growth factor driving the sales of automobiles is the FIFA World Cup 2022 to be organized in Qatar in 2022. The development in the country due to the event are boosting the growth of tires in the country. The total sales of passenger cars in 2019 were around 39,679 in 2019 as compared to 50,200 in 2016, according to OICA. Also, the total vehicle sales in the country in the year 2019 were 47,550 as compared to 63,700 in 2016.
Major distributors in the country are Pirelli tyres and equipment center, Ali Bin Khalifa Al Hitmi Group, Auto Future Tech, Ibrahim Moh’d Al Khulafi Trading Co., etc.
The trend is expected to continue throughout 2026 as revealed by the MarkNtel Advisors’ research report “Qatar Tire Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Qatar Tire market include Bridgestone Corporation, Dunlop-Middle East, Yokohama Ali Bin Khalifa Al Hitmi & Co., Hankook Tire Co. Ltd., Pirelli Tyre (Suisse) SA Middle East Branch, Michelin AIM FZE, Continental AG, TOYO Tire & Rubber Co., Ltd., Goodyear Tires, Apollo Tyres Ltd., etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Qatar Tire Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Qatar Tire Market during 2021-26?
A. The growth rate of Qatar Tire Market during 2021-26 is forecast to grow at a considerable CAGR.
Q. Who are the key competitors or players operating in Qatar Tire Market?
A Bridgestone Corporation, Dunlop-Middle East, Yokohama Ali Bin Khalifa Al Hitmi & Co., Hankook Tire Co. Ltd., Pirelli Tyre (Suisse) SA Middle East Branch, Michelin AIM FZE, Continental AG, TOYO Tire & Rubber Co., Ltd., Goodyear Tires, Apollo Tyres Ltd., etc. are few of the leading players in the Qatar Tire Market.
Q. Which type of tire segment would emerge as an opportunity area for players in Qatar Tire Market?
A. Bias segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which demand category segment would emerge as an opportunity area for players in Qatar Tire Market?
A. Exclusive Outlets/Dealers segment grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Qatar Tire Market.
