The Saudi Arabia Tyre Market is expected to grow at a steady rate of around 6.0% during the forecast period (2022-2028). The Saudi Arabian tyre market will expand as a result of the ongoing expansion of construction activities, which will significantly increase demand for commercial vehicles like trucks and trailers. Another factor that will support the market growth in this region is the growing need for replacing tyres within a short time due to extreme weather conditions.
A tyre is a ring-shaped component that surrounds the rim of the wheel and transfers the weight of a vehicle from the axle through the wheel to the ground. The two types of tyres that are available are pneumatic and non-pneumatic. The pneumatic tyre is supported by air pressure, but the non-pneumatic tyre is made of solid rubber and plastic compounds. Common applications for these tyres include lawn mowers, scooters, and other light-duty vehicles like carts and trailers.
饾悡饾惃 饾悊饾悶饾惌 饾悎饾惂饾惉饾悽饾悹饾悺饾惌饾悷饾惍饾惀 饾悜饾悶饾惉饾悶饾悮饾惈饾悳饾悺, 饾悜饾悶饾惇饾惍饾悶饾惉饾惌 饾悘饾悆饾悈 饾悅饾惃饾惄饾惒
https://univdatos.com/report/saudi-arabia-tyre-market/get-a-free-sample-form.php?product_id=29472
Based on the tyre type, the market is segmented into radial and bias. It is anticipated that the Radial Tyres will grow at a higher CAGR during the forecast period. The major factor behind this is the exceptional benefits offered by the radial tyres, such as better strength and enhanced flexibility as compared to regular Tyres. Also, the radial Tyres can easily absorb bumps and shocks while providing a comfortable ride to the drivers and passengers in the vehicle. Further, it also lessens ground compaction and reduces the chances of damage caused to the vehicles.
Based on vehicle type, the market is divided into passenger cars, light commercial vehicles (LCV), medium & heavy commercial vehicles (M&HCV), off-the-road (OTR), and two-wheelers. The most dominant market segment in Saudi Arabia is passenger car tyres, followed by commercial vehicle tyres and other vehicle tyre segments.
Ask for Customization @ https://univdatos.com/report/saudi-arabia-tyre-market/get-a-free-sample-form.php?product_id=29472
Based on end-use, the market is segmented into OEM and replacement. OEM (original equipment manufacturer) tyres dominated the global tyre market in 2020, accounting for more than half of all sales. Tyres are most useful in passenger cars and light trucks globally. Applications in commercial vehicles like trucks and off-highway vehicles came after passenger cars and light trucks. Additionally, because of the extreme weather, tyre replacement intervals are relatively shorter, which is another important factor driving up replacement tyre sales in Saudi Arabia.
Based on the distribution channel, the market is segmented into offline and online. Because of the trend of rising sales via e-commerce platforms like Amazon, eBay, etc., the online segment is anticipated to experience a higher CAGR during the forecast period. The development of web portals by tyre manufacturers themselves is another development that will enhance online tyre sales.
During the forecast period, the Saudi Arabia tyre market is anticipated to grow at a high pace due to the growing automotive industry. The light-commercial and passenger vehicle markets have seen rapid expansion in recent years. Moreover, 15.35 million passenger and light commercial vehicle units were registered in KSA in 2011, and that number rose to 20.93 million units in 2015, representing an 8% CAGR. As a result, it is anticipated that the country’s demand for tyres will rise in the coming years.
Some of the major players operating in the market include APOLLO TYRES LTD, Michelin, Al-Talayi Ltd., Continental ME, THE YOKOHAMA RUBBER CO., LTD., Hankook Tire & Technology, Toyo Tire Corporation, BRIDGESTONE MIDDLE EAST & AFRICA FZE, General Group, and Pirelli Tyre S.p.A.
For a detailed analysis of the Saudi Arabia Tyre Market browse through– https://univdatos.com/report/saudi-arabia-tyre-market/
Saudi Arabia Tyre Market Segmentation
Market Insight, by Tyre Type
- Radial
• Bias
Market Insight, by Vehicle Type
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Medium & Heavy Commercial Vehicles (M&HCV)
- Off-the-Road (OTR)
- Two-Wheelers
Market Insight, by End-Use
- OEM
- Replacement
Market Insight, by Distribution Channel
- Offline
- Online
Top Company Profiles
- APOLLO TYRES LTD
- Michelin
- Al-Talayi Ltd.
- Continental ME
- THE YOKOHAMA RUBBER CO., LTD.
- Hankook Tire & Technology
- Toyo Tire Corporation
- BRIDGESTONE MIDDLE EAST & AFRICA FZE
- General Group
- Pirelli Tyre S.p.A
Table of Content-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE SAUDI ARABIA TYRE MARKET
6 PRICING ANALYSIS
7 DETAILED STRATEGIC INSIGHTS
8 SAUDI ARABIA TYRE MARKET REVENUE AND VOLUME ANALYSIS, 2020-2028F
9 MARKET INSIGHTS BY TYRE TYPE
10 MARKET INSIGHTS BY VEHICLE TYPE
11 MARKET INSIGHTS BY END-USE
12 MARKET INSIGHTS BY DISTRIBUTION CHANNEL
13 TYRE MARKET DYNAMICS
14 TYRE MARKET OPPORTUNITIES
15 TYRE MARKET TRENDS
16 DEMAND AND SUPPLY-SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
About Us:
UnivDatos Market Insights: Your Partner in Data-Driven Market Strategies. Unlock growth opportunities and make smart decisions with our expert research and insights.
Contact us:
UnivDatos Market Insights (UMI)
Email: contact@univdatos.com
LinkedIn: www.linkedin.com/company/univ-datos-market-insight/
Ph: +91 7838604911