UAE Tire

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

By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers), By Demand Category (OEM and Replacement), By Type of Tires (Radi Read more

  • Tire
  • Aug 2022
  • 120
  • TR10230

Market Overview

The tire industry in the UAE is extensive and impacted directly by the automotive sector. Hence, the growing sales of vehicles like Passenger Cars, Light Commercial Vehicles, Buses & Trucks, Economy & Heavy Commercial Vehicles, Off the Road (OTR), & Two Wheelers, among others, in the UAE are positively influencing the demand for tires like Radial & Bias through distribution channels like dealers/exclusive outlets & online platforms. Besides, with the growing competition between prominent tire manufacturing companies across the UAE, tires are now becoming easily available at affordable price categories, ranging from Budget, Economy, to Premium, while exhibiting high performance & excellent driving experiences on different terrains.

Market Insights

The UAE Tire Market is projected to grow at around 3.8% CAGR during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the burgeoning vehicle sales owing to improving per capita income & living standards, vehicles becoming a status symbol, surging number of private vehicle ownership, and an escalating number of female drivers across the UAE.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 3.8%
Key Companies Profiled Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Kumho, Pirelli, Sumitomo, Toyo
Unit Denominations USD Million/Billion

 

In addition, the rising focus of the UAE government toward economic diversification is leading to massive investments in infrastructure developments, which, in turn, is introducing several constructions projects and propelling the demand for heavy commercial vehicles. Hence, the demand for robust tires for these vehicles is escalating swiftly across the country and driving the market. 

Besides, the rapidly expanding tourism in the UAE is playing a crucial role in fueling the demand for vehicles for public transportation, along with sports vehicles for adventure & off-roading activities, thereby driving the tire market.

Moreover, escalating migration due to the availability of various job opportunities, coupled with numerous Multi-National Companies (MNCs) being established in the UAE, are infusing the demand for vehicles & boosting the tire market. Furthermore, the active participation of prominent automakers & tire manufacturers in expanding their product portfolio & visibility across the UAE is another crucial aspect projected to augment the overall market growth in the years to come.

Impact of Covid-19 on the UAE Tire Market

The Covid-19 pandemic in 2020 had a decelerating on most industries across the UAE, where the tire industry was no exception. With the imposition of stringent movement restrictions, travel bans, & nationwide lockdown by the UAE government, the tire market witnessed several challenges like disruptions in the supply chain of raw materials, labor shortages, increased demand-supply gaps, delivery delays & cancellations, shut down of manufacturing units, etc. It, in turn, caused massive financial losses to the leading players in the UAE Tire Market.

Additionally, some construction projects remained operational amidst the crisis, owing to which the demand for tires for heavy vehicles soared significantly. Yet, hampered transportation & logistics created challenges in meeting the targets.

However, with the gradually reducing Covid-19 cases, the government uplifted the restrictions and allowed the recommencement of market operations. As a result, the leading players increased their production capabilities to meet the burgeoning tire demand across the country while introducing new product lines to expand their visibility & contribute to the recovery of the usual market growth pace.

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.     UAE 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.  Economy and Heavy Commercial Vehicles

4.2.1.5.  Off the Road (OTR)

4.2.1.6.  Two Wheelers

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.  Budget

4.2.6.2.  Economy

4.2.6.3.  Premium

4.2.7. By Rim Diameter

4.2.7.1.  Up to 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.  Ras-al-Khaimah

4.2.8.2.  Dubai

4.2.8.3.  Abu Dhabi

4.2.8.4.  Sharjah

4.2.8.5.  Others

4.2.9. By Company

4.2.9.1.  Revenue Shares & Units Sold

4.2.9.2.  Strategic Factorial Indexing

4.2.9.3.  Competitor Placement in MarkNtel Quadrant

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

5.1.   Market Size & Analysis

5.1.1. Market Revenue

5.1.2. Units Sold

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

5.2.9. By Company

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

6.1.   Market Size & Analysis

6.1.1. Market Revenue

6.1.2. Units Sold

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

6.2.9. By Company

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

7.1.   Market Size & Analysis

7.1.1. Market Revenue

7.1.2. Units Sold

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

7.2.9. By Company

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

8.1.   Market Size & Analysis

8.1.1. Market Revenue

8.1.2. Units Sold

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

8.2.9. By Company

9.     UAE OTR Vehicle Tire Market, 2017-2027

9.1.   Market Size & Analysis

9.1.1. Market Revenue

9.1.2. Units Sold

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

9.2.9. By Company

10.  UAE Tire Market Policies, Regulations, Product and Services Standards

11.  UAE Tire Market Trends & Insights

12.  UAE Tire Market Dynamics

12.1.Growth Drivers

12.2.Challenges

12.3.Impact Analysis

13.  UAE Tire Market Hotspot & Opportunities

14.  UAE Tire Market Key Strategic Imperatives for Success & Growth

15.  Competition Outlook

15.1.  Competition Matrix

15.1.1. Product and Services Portfolio

15.1.2. Brand Specialization

15.1.3. Target Markets

15.1.4. Target End Users

15.1.5. Research & Development

15.1.6. Strategic Alliances

15.1.7. Strategic Initiatives

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

15.2.1.   Continental

15.2.2.   Bridgestone

15.2.3.   Yokohama

15.2.4.   Hankook

15.2.5.   Goodyear

15.2.6.   Michelin

15.2.7.   Kumho

15.2.8.   Pirelli

15.2.9.  Sumitomo

15.2.10.   Toyo

16.  Disclaimer

UAE Tire Market Segmentation
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