KSA Tire Market, By Vehicle Type (Two Wheeler, Four Wheeler (Passenger Car, Commercial Car, Others (Industrial & Agricultural)), Aircraft, Others (Three Wheeler)), By Application (On Road, Off Road), By Sales (OEM, Aftermarket), By Region (Western, Centra

KSA Tire Market, By Vehicle Type (Two Wheeler, Four Wheeler (Passenger Car, Commercial Car, Others (Industrial & Agricultural)), Aircraft, Others (Three Wheeler)), By Application (On Road, Off Road), By Sales (OEM, Aftermarket), By Region (Western, Central, Eastern, Northern, Southern) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A tire or wheel is a flat-area ring-like part that surrounds the rim of a tire to transport the weight of a vehicle through the wheel to a fixed surface and to give traction on that surface over which the tire travels. Today, tires are used in a wide variety of vehicles and purposes. Some are used for commuting; they have treads for traction on streets and highways, while others have radial tires with larger diameters that are intended for use on tracks. The type of vehicle, tire, and occasion determine which type of tire is most appropriate. Common types of tires are Urethane (also known as rubber) and Metalibond (an alloy of a metal with a steel ring). There are other common types of tires such as compound, solid, split and tubeless. Rubber is the most plentiful material for tires; however, it is also the heaviest. This makes it impractical for most rural users. Since it is so heavy, rubber is usually made with additives that make it stiffer and more durable; this means that it will last longer, although it also means that it requires a more intensive maintenance regimen.
Market Drivers
Rising demand for four-wheelers is expected to accelerate growth of the KSA tire market during the forecast period. As per the Organisation Internationale des Constructeurs d'Automobiles (OICA), total vehicle (commercial + passenger) sales reached 96 million units in 2017, increasing from 86 million units in 2013 globally. This, in turn, has increased the demand for tires across the globe. Hence, such factors are expected to accelerate the market growth over the forecast period.
Rising demand for commercial vehicles including trailers and trucks is expected to boost the KSA tire market growth in the near future.
Key features of the study:
This report provides in-depth analysis of the KSA tire market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the KSA tire market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include The Bridgestone Group, Hankook Tire Company, Apollo Tires Ltd., Michelin Group, Toyo Tire & Rubber Company Ltd., Goodyear Tire and Rubber Company, Yokohama Rubber Company Ltd., Pirelli & C SpA Company, Cooper Tire & Rubber Company, and Continental AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The KSA tire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the KSA tire market
Detailed Segmentation:
KSA Tire Market, By Vehicle Type:
Two Wheeler
Four Wheeler
Passenger Car
Commercial Car
Others (Industrial & Agricultural)
Aircraft
Others (three wheeler)
KSA Tire Market, By Application:
On Road
Off Road
KSA Tire Market, By Sales:
OEM
Aftermarket
KSA Tire Market, By Province:
Western
Central
Eastern
Northern
Southern
Company Profiles
The Bridgestone Group*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Hankook Tire Company
Apollo Tires Ltd.
Michelin Group
Toyo Tire & Rubber Company Ltd.
Goodyear Tire and Rubber Company
Yokohama Rubber Company Ltd
Pirelli & C SpA Company
Cooper Tire & Rubber Company
Continental AG.
*Browse all the market data tables and figures on “KSA Tire Market- Forecast to 2028”