Saudi Arabia Tire Market Research Report Forecast: (2025-2030)

Name: Saudi Arabia Tire Market Research Report Forecast: (2025-2030)
Creator: MarkNtel Advisors
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Saudi Arabia Tire Market Report - By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers), By Demand C...ategory (OEM, Aftermarket), By Type of Tire (Radial, Bias), By Sales Channel (Direct Sales, Exclusive Outlets & Multi-brand Stores, Online), By Price Category (Budget, Economy, Premium), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5) and others Read more

Tire
Feb 2025
Pages 138
Report Format: PDF, Excel, PPT

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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., 2025-30. 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: 2020-23
	Base Year: 2024
	Forecast Period: 2025-30
CAGR(2025-30)	8%
Region Covered	East, West, South, Central
Key Companies Profiled	Hankook, Bridgestone, Goodyear, Michelin, Continental, Nexen, Toyo, Kumho, Apollo, Others
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 2030.

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.

Saudi Arabia Tire Market Size, Share, & Trends | CAGR 8% by 2027

Market Segmentation

Based on the Type of Vehicle:

Passenger Cars
Two Wheelers
Light Commercial Vehicles (LCV)
Medium & High Commercial Vehicles (MHCV)
Off the Road Vehicles (OTR)

Of all types of vehicles, passenger cars are projected to dominate the Saudi Arabia Tire Market with the largest share during 2025-30. It owes principally to the improving economic conditions & greater inclination of people toward private ownership of vehicles, i.e., demonstrating rapid growth in the passenger car fleet and, consequently, mounting demand for tires.

Besides, as Saudi Arabia is one of the cheapest countries to buy vehicles, owing to the absence of Luxury Tax or VAT, it is generating lucrative prospects for automakers & tire manufacturers to introduce new models & versions. Hence, the country represents a big market for passenger car & their tires, which cites profitable growth prospects for the tire market through 2030.

Based on the Type of Tire:

Radial
Bias

Here, Radial Tires are anticipated to prominently contribute to the market growth for tires in Saudi Arabia through 2030. It owes to various ongoing & upcoming construction projects for infrastructural development & economic diversification of the country away from the oil & gas sector, i.e., augmenting the production of various construction equipment & commercial vehicles.

It, in turn, is driving the demand for radial tires for their greater fuel efficiency, massive load capacity, lower rolling resistance, improved traction, and exceptional operational efficiency in different construction activities. In addition, benefits like stable road contact & flexible sidewalls are also complementing the growing popularity of radial tires and, in turn, fueling the growth of the Saudi Arabia Tire Market.

Market Dynamics

Key Driver: Surging Inclination of Tire Manufacturers toward Digital Sales Platforms

The increasing government support for digital transformations across industries, i.e., enabling the leading tire manufacturers to adopt online platforms for tire sales, is allowing the customers to choose from a wide variety of tires of different brands, budgets, features, etc., and avail benefits like discounts, door-step deliveries & installation, among others. This rapidly increasing digital transformation of tire manufacturers is the key factor projected to drive the Saudi Arabia Tire Market during 2025-30.

Possible Restraint: Stringent Regulation on the Sales or Import of Used Tires

As used tires are more likely to cause accidents, the government of Saudi Arabia has imposed stringent restrictions on their imports or sales. Besides, these tires pose a high risk of causing fire & emitting toxic fumes that are dangerous to human health. Hence, these restrictions by the governments might restrain the growth of the Saudi Arabia Tire Market in the coming years.

Key Questions Answered in the Market Research Report:

What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Saudi Arabia Tire Market?
What are the region-wise industry size, growth drivers, and challenges?
What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Tire Market?
Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Saudi Arabia Tire Market based on the competitive benchmarking matrix?
What are the key results derived from surveys conducted during the Saudi Arabia Tire Market study?

Frequently Asked Questions

A. The Saudi Arabia Tire Market is projected to grow at a CAGR of around 8% during 2025-30.

A. Leading players making a paradigm shift to online platforms and allowing the customers to choose tires from a wide variety and different brands & budgets is the major factor likely to drive the Saudi Arabia Tire Market through 2030. On the other hand, stringent restrictions imposed by the government on the import or sales of used tires might hinder the market expansion of tires across Saudi Arabia over the forecast years.

A. Passenger cars are anticipated to emerge as an area of remunerative opportunities for the leading players in the Saudi Arabia Tire Market over the forecast years.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Saudi Arabia Tire Market Supply Chain Analysis
Saudi Arabia Tire Market Trends & Developments
Saudi Arabia Tire Market Dynamics
1. Growth Drivers
2. Challenges
Saudi Arabia Tire Market Import Export Statistics
Saudi Arabia Tire Market Regulations, Policies and Product Standards
Saudi Arabia Tire Market Outlook 2020-2030F
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicles
    1. Passenger Car- Market Size & Forecast 2020-2030, Thousand Units
    2. Light Commercial Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    3. Medium and Heavy Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
    4. Off the Road (OTR) - Market Size & Forecast 2020-2030, Thousand Units
    5. Two Wheelers- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Category
    1. OEM- Market Size & Forecast 2020-2030, Thousand Units
    2. Aftermarket- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire
    1. Radial- Market Size & Forecast 2020-2030, Thousand Units
    2. Bias- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel
    1. Direct Sales- Market Size & Forecast 2020-2030, Thousand Units
    2. Exclusive Outlets & Multi-brand Stores- Market Size & Forecast 2020-2030, Thousand Units
    3. Online- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category
    1. Budget- Market Size & Forecast 2020-2030, Thousand Units
    2. Economy- Market Size & Forecast 2020-2030, Thousand Units
    3. Premium- Market Size & Forecast 2020-2030, Thousand Units
  6. By Tire Size
    1. Tire Size 1- Market Size & Forecast 2020-2030, Thousand Units
    2. Tire Size 2 - Market Size & Forecast 2020-2030, Thousand Units
    3. Tire Size 3 - Market Size & Forecast 2020-2030, Thousand Units
    4. Tire Size 4 - Market Size & Forecast 2020-2030, Thousand Units
    5. Tire Size 5 - Market Size & Forecast 2020-2030, Thousand Units
  7. By Region
    1. East
    2. West
    3. South
    4. Central
  8. By Company
    1. Competition Characteristics
    2. Volume Shares
Saudi Arabia Passenger Car Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    1. Hatchback- Market Size & Forecast 2020-2030, Thousand Units
    2. Sedan- Market Size & Forecast 2020-2030, Thousand Units
    3. SUV- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
Saudi Arabia Light Commercial Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    1. Light Trucks- Market Size & Forecast 2020-2030, Thousand Units
    2. Light Buses- Market Size & Forecast 2020-2030, Thousand Units
    3. Pick-up Trucks and Vans- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
Saudi Arabia Medium and Heavy Commercial Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    1. Buses- Market Size & Forecast 2020-2030, Thousand Units
    2. Trucks- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
Saudi Arabia Two-Wheeler Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    1. Scooters and Mopeds- Market Size & Forecast 2020-2030, Thousand Units
    2. Motorcycles- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
Saudi Arabia OTR Vehicle Tire Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenue (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2020-2030, Thousand Units
    1. Earthmoving Equipment- Market Size & Forecast 2020-2030, Thousand Units
    2. Agricultural Vehicles- Market Size & Forecast 2020-2030, Thousand Units
    3. Material Handling Vehicles- Market Size & Forecast 2020-2030, Thousand Units
  2. By Demand Category- Market Size & Forecast 2020-2030, Thousand Units
  3. By Type of Tire- Market Size & Forecast 2020-2030, Thousand Units
  4. By Sales Channel- Market Size & Forecast 2020-2030, Thousand Units
  5. By Price Category- Market Size & Forecast 2020-2030, Thousand Units
  6. By Tire Size- Market Size & Forecast 2020-2030, Thousand Units
Saudi Arabia Tire Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Continental AG
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Bridgestone Corporation
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Pirelli & C. S.p.A.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Yokohama Rubber Company Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Hankook Tire Co., Ltd.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Goodyear Tire & Rubber Company
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Toyo Tire and Rubber Company
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Michelin Group
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Sumitomo Rubber Industries Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Apollo Tires
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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