Saudi Arabia Tire

Saudi Arabia Tire Market Research Report Forecast: (2022-2027)

By Vehicle Type (Passenger Cars, Two Wheelers, Light Commercial Vehicles (LCV), Medium & High Commercial Vehicles (MHCV), Off-The-Road Vehicle (OTR)), By Demand (OEM, Aftermarket), By Type of Tire (Ra Read more

  • Tire
  • Apr 2022
  • 138
  • TR10225

Market Definition

As private ownership of vehicles is becoming more of a necessity than a luxury today, vehicle sales are rapidly rising and, in turn, augmenting the production of robust tires. However, people across Saudi Arabia see cars as a status symbol. As a result, the vehicle fleet is likely to rise at a notable pace in the country and portray remunerative prospects for the tire industry over the coming years.

Market Insights

The Saudi Arabia Tire Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly growing vehicle fleet due to the rising per capita income of people & their mounting inclination toward private ownership of vehicles across Saudi Arabia. It, in turn, is directly influencing the demand for tires and stimulating the overall market growth. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 8%
Region Covered East, West, South, Central 
Key Companies Profiled

Hankook, Bridgestone, Goodyear, Michelin, Continental, Nexen, Toyo, Kumho, Apollo, Dunlop

Unit Denominations USD Million/Billion


In addition, the soaring government focus on infrastructural development to diversify the economy away from oil in line with the strategic plan Saudi Vision 2030 is leading to various ongoing & upcoming construction projects throughout the country. It, in turn, is infusing the requirement for different commercial vehicles for multiple applications & boosting the demand for tires.

Besides, the government is also investing substantially and laying out favorable policies to attract foreign investments in setting up tire manufacturing facilities in the country and expand the automotive & tire sectors through 2027. 

  • In March 2019, Continental AG, a German tire & technology company, inaugurated its first office in Jeddah, Saudi Arabia.

Moreover, the increasing population & influx of tourists, pilgrims, & migrants in Saudi Arabia is instigating the need for an extensive commercial sector, which has flooded the construction of airports, shopping malls, hotels, restaurants, etc. As a result, the demand for construction equipment & their robust tires is surging at a phenomenon pace.

On the other hand, the country also aims to build smart cities under its NEOM project and the National Industrial Development & Logistics Program (NIDLP), which shall also contribute to the expansion of the tire industry in the country. Furthermore, since there is a prominent volume of tire imports into the country due to the absence of manufacturing facilities, the penetration of international tire brands providing high quality & durable tires is escalating across Saudi Arabia and fueling the overall market growth.

Impact of Covid-19 on the Saudi Arabia Tire Market

In 2020, the automotive & tire industries witnessed severe impacts of the Covid-19 pandemic and introduced several unprecedented challenges for the leading tire manufacturers in Saudi Arabia. With the imposition of lockdown & strict movement restrictions, tire manufacturers & importers faced massive revenue losses due to a shortage of raw materials, supply chain disruptions, delivery & production delays, & price fluctuations amidst the crisis.

The government of Saudi Arabia didn't put any restrictions on construction activities since they are a prominent source of economic fluidity across the country. It, in turn, propelled the demand for commercial vehicles & tires and enabled the leading players to sustain in the market.

Furthermore, as Covid-19 cases started declining gradually, the government uplifted the restrictions & allowed the recommencement of industrial operations. It enabled the leading players to resume their usual production to cater to the varied end-user requirements. Furthermore, most tire manufacturers adopted online platforms to sell their products via e-commerce websites and offer door-step delivery & installation services to their customers, which further boosted the tire industry amidst the crisis.

1.      Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.      Executive Summary

3.      Expert Verbatim- What our Experts Say?

4.      Saudi Arabia Tire Market Analysis, 2017-2027

4.1.   Market Size & Analysis

4.1.1.Market Revenues

4.1.2.Units Sold

4.2.   Market Share & Analysis

4.2.1.By Vehicle Type  Passenger Car  Two Wheeler  Light Commercial Vehicle (LCV)  Medium & High Commercial Vehicle (MHCV)  Off The Road Vehicle (OTR)

4.2.2.By Demand  OEM  Replacement

4.2.3.By Type of Tire  Radial  Bias

4.2.4.By Season  All Season  Summer  Others

4.2.5.By Sales Channel  Online  Dealers/ Exclusive Outlets  Others

4.2.6.By Rim Size  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”

4.2.7.By Region  East  West  South  Central

4.2.8.By Price Category  Low  Medium  High

4.2.9.By Competitor  Market Share & Units Sold By  Competitor Strategic Factorial Indexing  Competitor Performance in MarkNtel Market Quadrants

4.3.   Saudi Arabia Tire Market Attractiveness Indexing

4.3.1.By Vehicle Type

4.3.2.By Season

4.3.3.By Sales Channel

4.3.4.By Rim Size

4.3.5.By Price Category

4.3.6.By Region

5.      Saudi Arabia Passenger Car Tire Market Analysis, 2017-2027

5.1.   Market Size & Analysis

5.1.1.Market Revenues

5.1.2.Units Sold

5.2.   Market Share & Analysis

5.2.1.Vehicle Type  SUV  Sedan  Others

5.2.2.By Demand

5.2.3.By Type of Tire

5.2.4.By Season

5.2.5.By Sales Channel

5.2.6.By Region

5.2.7.By Price Category

5.3.   Market Attractiveness Indexing

5.3.1.By Vehicle Type

5.3.2.By Season

5.3.3.By Sales Channel

5.3.4.By Price Category

6.      Saudi Arabia Two Wheelers Tire Market Analysis, 2017-2027

6.1.   Market Size & Analysis

6.1.1.Market Revenues

6.1.2.Units Sold

6.2.   Market Share & Analysis

6.2.1.Vehicle Type  Bikes  Scooters  Others

6.2.2.By Demand

6.2.3.By Type of Tire

6.2.4.By Season

6.2.5.By Sales Channel

6.2.6.By Region

6.2.7.By Price Category

6.3.   Market Attractiveness Indexing

6.3.1.By Vehicle Type

6.3.2.By Season

6.3.3.By Sales Channel

6.3.4.By Price Category (Low, Medium, High)

7.      Saudi Arabia Light Commercial Vehicle Tire Market Analysis, 2017-2027

7.1.   Market Size & Analysis

7.1.1.Market Revenues

7.1.2.Units Sold

7.2.   Market Share & Analysis

7.2.1.Vehicle Type  Light Trucks  Light Bus  Pick-up Trucks & Vans.

7.2.2.By Demand

7.2.3.By Type of Tire

7.2.4.By Season

7.2.5.By Sales Channel

7.2.6.By Region

7.2.7.By Price Category

7.3.   Market Attractiveness Indexing

7.3.1.By Vehicle Type

7.3.2.By Season

7.3.3.By Sales Channel

7.3.4.By Price Category

8.      Saudi Arabia Medium & High Commercial Vehicle Tire Market Analysis, 2017-2027

8.1.   Market Size & Analysis

8.1.1.Market Revenues

8.1.2.Units Sold

8.2.   Market Share & Analysis

8.2.1.Vehicle Type  Trucks  Buses

8.2.2.By Demand

8.2.3.By Type of Tire

8.2.4.By Season

8.2.5.By Sales Channel

8.2.6.By Region

8.2.7.By Price Category

8.3.   Market Attractiveness Indexing

8.3.1.By Vehicle Type

8.3.2.By Season

8.3.3.By Sales Channel

8.3.4.By Price Category

9.      Saudi Arabia Off the Road Vehicle Tire Market Analysis, 2017-2027

9.1.   Market Size & Analysis

9.1.1.Market Revenues

9.1.2.Units Sold

9.2.   Market Share & Analysis

9.2.1.Vehicle Type  Industrial & Mining Equipment  Construction Equipment  Others

9.2.2.By Demand

9.2.3.By Type of Tire

9.2.4.By Season

9.2.5.By Sales Channel

9.2.6.By Region

9.2.7.By Price Category

9.3.   Market Attractiveness Indexing

9.3.1.By Vehicle Type

9.3.2.By Season

9.3.3.By Sales Channel

9.3.4.By Price Category

10.   Saudi Arabia Tire Market Value Chain

11.   Saudi Arabia Tire Market Regulations, Policies, Product Benchmarks

12.   Saudi Arabia Tire Market Trends

13.   Saudi Arabia Tire Market Dynamics

13.1.   Drivers

13.2.   Challenges

14.   Saudi Arabia Tire Market Opportunity Areas & Emerging Hotspots

15.   Saudi Arabia Tire Market Porter’s Five Forces Analysis

16.   Saudi Arabia Tire Market Import & Export Statistics

17.   Saudi Arabia Tire Market, Competition Outlook

17.1. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)

17.1.1.   Hankook

17.1.2.   Bridgestone

17.1.3.   Goodyear

17.1.4.   Michelin

17.1.5.   Continental

17.1.6.   Nexen

17.1.7.   Toyo

17.1.8.   Kumho

17.1.9.   Apollo

17.1.10.   Dunlop

18.   Disclaimer

Saudi Arabia Tire Market Segmentation
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