Middle East & Africa Light Commercial Vehicle Tire Market Research Report: Forecast (2021-2026)

Market Overview

According to MarkNtel Advisors’ research report, “The Middle East & Africa Light Commercial Vehicle Tire Market Analysis, 2021,” the market is likely to grow at a CAGR of around 9.6% in the forecast period of 2021-26. It owes primarily to the contribution of leading companies in the advancement of tires, which are flat-run, budget-friendly, nitrogen-based tires, environment-friendly, etc. Besides, the leading market players are introducing several next-generation fuel-efficient tire technologies that can bring excellent fuel efficiency & inflation pressure to phenomenally reduce the deformation of tires. Hence, these are crucial factors increasing the tire demand and fueling the overall market growth in the coming years.

Impact of COVID-19

The outbreak of the Covid-19 pandemic negatively impacted the Middle East & Africa Market, leading to the reduced production and supply chain disruptions due to the shutdown of various manufacturing units in the lockdown phase. However, with the gradual upliftment of restrictions, the market is getting back on track and shall regain its usual pace in the forecast years.

Market Segmentation

Up to 15 Rim Size Attains the Largest Market Share

Based on the Rim Size, the market segments into Up to 15", 15.1" to 16", and Above 16". Of all, the rim size Up to 15" is likely to attain the largest market share in the forecast years due to the burgeoning demand for commercial vehicles, driving the sales of tires in numerous countries across the region. Hence, Up to 15” rim size tires shall witness the highest demand and boost the overall market growth in the forecast years.

Bias Tires to Procure the Largest Market Share

Amongst different types of tires, Bias tires shall procure the largest market share in the forecast period because the leading manufacturers of these tires are a popular choice among people to ensure the resilience, safety, and utility of their vehicles. Moreover, the surging use of bias tires in agricultural tractors is another crucial factor likely to create new growth opportunities for Bias Tires. Therefore, based on these aspects, the Bias Tire segment shall procure the largest market share and contribute to the market growth in the forecast period, states MarkNtel Advisors in their research report, “The Middle East & Africa Light Commercial Vehicle Tire Market Analysis, 2021.” 

Country Landscape

South Africa Registers the Fastest Market Growth

The South-African market is likely to register the fastest growth in the Middle East & Africa Light Commercial Vehicle Tire Market in the forecast period of 2021-26. South Africa is developing for automotive production due to the mounting number of setups of numerous production units by leading manufacturers in this country. The availability of economic labor, lenient emission & safety norms, low production costs, and initiatives by the government are the leading factors driving the market toward substantial investment to drive the Middle East & Africa Market in the South African region.

Market Driver

Various factors driving the market growth in the forecast years and increasing sales of light commercial vehicles in the Middle East & Africa include the surging construction activities, rapid urbanization, and massive developments in transport infrastructure, thereby propelling the market growth of tires. Furthermore, the introduction of next-generation tire technology providing excellent fuel efficiency & inflation pressure is another aspect that shall boost the market toward greater heights in the coming years.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the Middle East & Africa Light Commercial Vehicle Tire Market are Bridgestone Tire Distribution Co. W.L.L, Continental AG, Michelin, Goodyear Middle East FZE, Hangzhou Zhongce Rubber Co. Ltd. (ZC Rubber), Hankook Tire Co. Ltd. – Michelin UAE, Pirelli Tyre (Suisse) SA (Middle East Branch), Sumitomo Rubber Middle East FZE, Toyo Tire & Rubber Co., LTD., Yokohama Rubber Co. Ltd., Others.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Middle East & Africa Light Commercial Vehicle Tire Market?
2. What is the country-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Middle East & Africa Light Commercial Vehicle Tire Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Middle East & Africa Light Commercial Vehicle Tire Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Middle East & Africa Light Commercial Vehicle Tire Market study?

Market Outlook, Segmentation, and Statistics

• Impact of COVID-19 on the Middle East & Africa Light Commercial Vehicle Tire Market
• Market Size & Analysis
  • By Revenue
• Market Share & Analysis
  • By Type of Vehicle
    • Light Trucks
    • Light Buses
    • Pick-Up Trucks & Vans
  • By Demand Type
    • OEM,
    • Replacement
  • By Tire
    • Radial
    • Bias
  • By Tube
    • 3.4.1. Tubed Tires
    • 3.4.2. Tubeless Tires
  • By Price Range
    • 3.5.1. Budget (Upto USD 120)
    • Economy (USD 120- USD 200)
    • Premium (Above USD 200)
  • By Rim Size
    • 3.6.1. Up to 15”
    • 15.1” to 16”
    • Above 16”
  • By End-User
    • 3.7.1. Agricultural Transportation
    • Dairy and Meat Transportation
    • E-commerce
    • Others (Public Transportation, FMCG Transportation, etc)
  • By Region
    • UAE Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Saudi Arabia Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Kuwait Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Oman Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • Nigeria Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
    • South Africa Light Commercial Vehicle Tire Market Outlook, 2016-2026F (USD Million)
  • By Competitors
    • Competition Characteristics
    • Market Share & Analysis
    • Competitive Metrix
• The Middle East & Africa Light Commercial Vehicle Tire Market Hotspots & Opportunities
• The Middle East & Africa Light Commercial Vehicle Tire Market Regulations & Policy
• Key Strategic Imperatives for Success and Growth
• The Middle East & Africa Competition Outlook
  • Competition Matrix
  • Company Profile