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 (Radial and Bias), By Sales Channel (Dealer/Exclusive Outlets, Online and Others), By Season (All season, Winter and Summer), By Price Category (Budget, Economy, Premium), 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, South, Central), By Company
Extensive government support on lifting the ban on women driving has contributed to the increased demand for passenger cars in the country. In 2017, the government issued a royal decree allowing women to drive. The eradication of the ban is expected to encourage more women in the country to drive vehicles and is projected to positively impact the growth of Saudi Arabia Tire market. According to PwC, around 20% of the women are estimated to drive cars in the country by 2020. Hence, it is anticipated to positively impact the number of car sales in the country, thereby boosting the demand for tires in the years to come.
According to the MarkNtel Advisors’ research report titled “Saudi Arabia Tire Market Analysis, 2020”, the tire market is projected to grow at a CAGR of around 8% during 2020-25. The increasing vehicle sales coupled with the growing support by the government to establish the local production facilities in the country have strongly contributed to the increased demand for tires in Saudi Arabia. Moreover, the increased investments of the government on infrastructure development are projected to boost the growth of Saudi Arabia Tire market in the years to come.
The process of replacement of tires has been dominating the Saudi Arabia Tire market due to the extreme weather conditions which leads to frequent wear and tear of tires. In addition, the Ministry of Commerce has issued an advisory to the citizens to limit the usage of car tires for a maximum period of 2 years. Therefore, the replacement industry is anticipated to grow in the years to come.
The key players with a considerable market share in the Saudi Arabia Tire market include Hankook Tire, Nexen Tire Corporation, Michelin, Continental, Toyo Tyres, etc. These companies are collaborating to develop a new tire range with advanced features. In 2019, Michelin collaborated with Proterra to develop the MICHELIN X InCity Energy Z tire which would reduce the rolling resistance and increase the load-carry capacity.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Saudi Arabia Tire Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Saudi Arabia Tire Market?
Who are the key competitors or market players and how they perform in Saudi Arabia Tire market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Saudi Arabia Tire Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Revenues (USD Million)
Units Sold (Thousand Units)
Market Share & Analysis
By Vehicle Type
Light Commercial Vehicle (LCV)
Medium & High Commercial Vehicle (MHCV)
Off The Road Vehicle (OTR)
By Type of Tire
By Sales Channel
Dealers/ Exclusive Outlets
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”
By Price Category
Market Share & Units Sold By
Competitor Strategic Factorial Indexing
Competitor Performance in MarkNtel Market Quadrants
Saudi Arabia Tire Market Attractiveness Indexing
By Vehicle Type
By Sales Channel
By Rim Size
By Price Category
Saudi Arabia Passenger Car Tire Market Analysis, 2015-2025F (USD Million)
Saudi Arabia Two Wheelers Tire Market Analysis, 2015-2025F (USD Million)
Saudi Arabia Medium & High Commercial Vehicle Tire Market Analysis, 2015-2025F (USD Million)
Saudi Arabia Off the Road Vehicle Tire Market Analysis, 2015-2025F (USD Million)
Saudi Arabia Tire Market Value Chain
Saudi Arabia Tire Market Regulations, Policies, Product Benchmarks
Saudi Arabia Tire Market Opportunity Areas & Emerging Hotspots
Saudi Arabia Tire Market Porter’s Five Forces Analysis
Saudi Arabia Tire Market Import & Export Statistics
Saudi Arabia Tire Market, Competition Outlook
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Saudi Arabia Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
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, while the market volume is measured in terms of Unit sold (Thousand).
Q. What would be the growth rate or CAGR of Saudi Arabia Tire Market during 2020-25?
A. The market size of Saudi Arabia Tire Market during 2020-25 is forecast to be around 8%.
Q. Who are the key competitors or players operating in Saudi Arabia Tire Market?
A. Hankook Tire, Nexen Tire Corporation, Michelin, Continental, Toyo Tyres and few others are the leading players in the Saudi Arabia Tire Market.
Q. Does the report scope cover tire rim size wise market statistics also?
A. Yes, the scope of the report encompasses detailed tire rim size wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which Vehicle type segment would emerge as an opportunity area for players in Saudi Arabia Tire Market?
A. Passenger car and light commercial vehicle segment captured a considerable market share in the Saudi Arabia Tire Market in 2019.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Saudi Arabia Tire Market Analysis, 2015-2025F
4.1. Market Size & Analysis
4.2. Market Share & Analysis
4.2.1.By Vehicle Type
188.8.131.52. Passenger Car
184.108.40.206. Two Wheeler
220.127.116.11. Light Commercial Vehicle (LCV)
18.104.22.168. Medium & High Commercial Vehicle (MHCV)
22.214.171.124. Off The Road Vehicle (OTR)
4.2.3.By Type of Tire
126.96.36.199. All Season
4.2.5.By Sales Channel
188.8.131.52. Dealers/ Exclusive Outlets
4.2.6.By Rim Size
184.108.40.206. Up to 12”
220.127.116.11. 12.1” to 15”
18.104.22.168. 15.1.” to 18”
22.214.171.124. 18.1” to 20”
126.96.36.199. 20.1” to 22.5”
188.8.131.52. 22.6” to 26”
184.108.40.206. 26.1” to 35”
220.127.116.11. 35.1” to 47”
18.104.22.168. Above 47”
4.2.8.By Price Category
22.214.171.124. Market Share & Units Sold By
126.96.36.199. Competitor Strategic Factorial Indexing
188.8.131.52. Competitor Performance in MarkNtel Market Quadrants
4.3. Saudi Arabia Tire Market Attractiveness Indexing
4.3.1.By Vehicle Type
4.3.3.By Sales Channel
4.3.4.By Rim Size
4.3.5.By Price Category
5. Saudi Arabia Passenger Car Tire Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.2. Market Share & Analysis
5.2.3.By Type of Tire
5.2.5.By Sales Channel
5.2.7.By Price Category
5.3. Market Attractiveness Indexing
5.3.1.By Vehicle Type
5.3.3.By Sales Channel
5.3.4.By Price Category
6. Saudi Arabia Two Wheelers Tire Market Analysis, 2015-2025F
6.1. Market Size & Analysis
6.2. Market Share & Analysis
6.2.3.By Type of Tire
6.2.5.By Sales Channel
6.2.7.By Price Category
6.3. Market Attractiveness Indexing
6.3.1.By Vehicle Type
6.3.3.By Sales Channel
6.3.4.By Price Category (Low, Medium, High)
7. Saudi Arabia Light Commercial Vehicle Tire Market Analysis, 2015-2025F
7.1. Market Size & Analysis
7.2. Market Share & Analysis
184.108.40.206. Light Trucks
220.127.116.11. Light Bus
18.104.22.168. Pick-up Trucks & Vans.
7.2.3.By Type of Tire
7.2.5.By Sales Channel
7.2.7.By Price Category
7.3. Market Attractiveness Indexing
7.3.1.By Vehicle Type
7.3.3.By Sales Channel
7.3.4.By Price Category
8. Saudi Arabia Medium & High Commercial Vehicle Tire Market Analysis, 2015-2025F
8.1. Market Size & Analysis
8.2. Market Share & Analysis
8.2.3.By Type of Tire
8.2.5.By Sales Channel
8.2.7.By Price Category
8.3. Market Attractiveness Indexing
8.3.1.By Vehicle Type
8.3.3.By Sales Channel
8.3.4.By Price Category
9. Saudi Arabia Off the Road Vehicle Tire Market Analysis, 2015-2025F
9.1. Market Size & Analysis
9.2. Market Share & Analysis
22.214.171.124. Industrial & Mining Equipment
126.96.36.199. Construction Equipment
9.2.3.By Type of Tire
9.2.5.By Sales Channel
9.2.7.By Price Category
9.3. Market Attractiveness Indexing
9.3.1.By Vehicle Type
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
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.)