According to IMARC Group’s latest report, titled “GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the GCC tire market size reached US$ 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.5% during 2022-2027.

Tires are circular, ring-shaped, and pneumatically inflated automotive components manufactured using natural or synthetic rubber, wire, rayon, polyester, fabric, and carbon black. They surround the wheel’s rim and serve as a cushion for the wheels of a moving vehicle. They provide traction between the automobile and the road and transfer the vehicle load to the surface. They assist in absorbing road shocks, reducing the impact of vibrations, transmitting accelerating and braking forces to the ground, and maintaining or changing the direction. They also help enhance vehicle performance, improve mileage and passenger safety, and minimize wear and tear. Nowadays, tires are widely available across the GCC region in different sizes and variants depending on the type of automobile.

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GCC Tire Market Trends:

The widespread adoption of high-end and luxury vehicles, owing to the inflating consumer expenditure capacities and the increasing levels of urbanization, is primarily driving the GCC tire market. Additionally, the escalating demand for second-hand automobiles is further catalyzing the market growth. Besides this, the rising utilization of replacement tires, on account of the rugged terrain and hot climatic conditions in the country, is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are introducing premium quality tires that offer high puncture resistance, longer operational life, enhanced stability and reliability, etc., which is augmenting the market growth across GCC. Apart from this, the development of eco-friendly, lightweight, biodegradable, and three-dimensional (3D) printed variants and the growing construction activities are anticipated to fuel the GCC tire market over the forecasted period.

GCC Tire Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the GCC tire market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the GCC tire market on the basis of design, end-use, vehicle type, distribution channel and country.

Breakup by Design:

• Radial

• Bias

Breakup by End-Use:

• OEM Market

• Replacement Market

Breakup by Vehicle Type:

• Passenger Cars

  • Market Breakup by Rim Size

  • Market Breakup by Tire Size

  • Price Ranges by Rim Size

• Light Commercial Vehicles

  • Market Breakup by Rim Size

  • Market Breakup by Tire Size

  • Price Ranges by Rim Size

• Medium and Heavy Commercial Vehicles

  • Market Breakup by Rim Size

  • Market Breakup by Tire Size

  • Price Ranges by Rim Size

• Two Wheelers

  • Market Breakup by Rim Size

  • Market Breakup by Tire Size

  • Price Ranges by Rim Size

• Three Wheelers

  • Market Breakup by Rim Size

  • Market Breakup by Tire Size

  • Price Ranges by Rim Size

• Off-The-Road (OTR)

  • Market Breakup by Rim Size

  • Market Breakup by Tire Size

  • Price Ranges by Rim Size

Breakup by Distribution Channel:

• Offline

• Online

Breakup by Country:

• Saudi Arabia

• UAE

• Others

  • Kuwait

  • Qatar

  • Bahrain

  • Oman

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Key Highlights of the Report:

• Market Performance (2016-2021)

• Market Outlook (2022-2027)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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