GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The GCC tire market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.39% during 2023-2028.
The market for tires in the GCC region was predominantly import driven, with a considerable penetration of Chinese tire brands, owing to their affordability and easy availability. However, over the past several years, the flagships brands have been gaining momentum as a result of high-quality assurance and extended life-cycle of the products they offer. Moreover, the flagships brands are employing various marketing techniques to create opportunities in the areas related to the automobile industry, such as introducing car accessories and providing F&I (finance and insurance) services. This has contributed significantly in enhancing their profit margins.
In the GCC countries, only a small section of consumers contributes to the sales of new vehicles, whereas, the majority of them prefer used vehicles. As a result, there is a high demand for tires, particularly replacement tire, for the used cars. This emerges as a major force behind the growth of the tire market in the region. Apart from this, many consumers also like upgrading and customising their vehicles, and change tires as per their requirements. Some of the other growth inducing factors include rising immigration rates and the establishment of local tire manufacturing facilities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC tire market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on design, end-use, vehicle type and distribution channel.
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report
1. What was the size of the GCC tire market in 2022?
2. What is the expected growth rate of the GCC tire market during 2023-2028?
3. What are the key factors driving the GCC tire market?
4. What has been the impact of COVID-19 on the GCC tire market?
5. What is the breakup of the GCC tire market based on the design?
6. What is the breakup of the GCC tire market based on the end-use?
7. What is the breakup of the GCC tire market based on vehicle type?
8. What is the breakup of the GCC tire market based on the distribution channel?
9. What are the key regions in the GCC tire market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Tire Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Market Breakup by Design
- 5.4 Market Breakup by End-Use
- 5.5 Market Breakup by Vehicle Type
- 5.6 Market Breakup by Distribution Channel
- 5.7 Market Breakup by Season
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
- 6 GCC Tire Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Market Breakup by Design
- 6.5 Market Breakup by End-Use
- 6.6 Market Breakup by Vehicle Type
- 6.7 Market Breakup by Distribution Channel
- 6.8 Market Breakup by Region
- 6.9 Market Forecast
- 6.10 SWOT Analysis
- 6.10.1 Overview
- 6.10.2 Strengths
- 6.10.3 Weaknesses
- 6.10.4 Opportunities
- 6.10.5 Threats
- 6.11 Value Chain Analysis
- 6.11.1 Research and Development
- 6.11.2 Raw Material Suppliers
- 6.11.3 Manufactures
- 6.11.4 Distributors
- 6.11.5 Exporters
- 6.11.6 Retailers
- 6.11.7 End-User
- 6.12 Porter’s Five Forces Analysis
- 6.12.1 Overview
- 6.12.2 Bargaining Power of Buyers
- 6.12.3 Bargaining Power of Suppliers
- 6.12.4 Degree of Competition
- 6.12.5 Threat of New Entrants
- 6.12.6 Threat of Substitutes
- 6.13 Key Success and Risk Factors for Manufacturers
- 6.14 Price Analysis
- 6.14.1 Key Price Indicators
- 6.14.2 Price Structure
- 7 Market Breakup by Design
- 7.1 Radial Market
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Bias Market
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by End-Use
- 8.1 OEM Market
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Replacement Market
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Vehicle Type
- 9.1 Passenger Cars
- 9.1.1 Market Trends
- 9.1.2 Market Breakup by Rim Size
- 9.1.3 Market Breakup by Tire Size
- 9.1.4 Price Ranges by Rim Size
- 9.1.5 Market Forecast
- 9.2 Light Commercial Vehicles
- 9.2.1 Market Trends
- 9.2.2 Market Breakup by Rim Size
- 9.2.3 Market Breakup by Tire Size
- 9.2.4 Price Ranges by Rim Size
- 9.2.5 Market Forecast
- 9.3 Medium and Heavy Commercial Vehicles
- 9.3.1 Market Trends
- 9.3.2 Market Breakup by Rim Size
- 9.3.3 Market Breakup by Tire Size
- 9.3.4 Price Ranges by Rim Size
- 9.3.5 Market Forecast
- 9.4 Two Wheelers
- 9.4.1 Market Trends
- 9.4.2 Market Breakup by Rim Size
- 9.4.3 Market Breakup by Tire Size
- 9.4.4 Price Ranges by Rim Size
- 9.4.5 Market Forecast
- 9.5 Three Wheelers
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Rim Size
- 9.5.3 Market Breakup by Tire Size
- 9.5.4 Price Ranges by Rim Size
- 9.5.5 Market Forecast
- 9.6 Off-The-Road (OTR)
- 9.6.1 Market Trends
- 9.6.2 Market Breakup by Rim Size
- 9.6.3 Market Breakup by Tire Size
- 9.6.4 Price Ranges by Rim Size
- 9.6.5 Market Forecast
- 10 Market Breakup by Distribution Channel
- 10.1 Offline
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Online
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 11 Performance of Key Regions
- 11.1 Saudi Arabia
- 11.1.1 Market Overview
- 11.1.2 Market Performance
- 11.1.3 Market Breakup by Type
- 11.1.4 Market Breakup by Application
- 11.1.5 Market Forecast
- 11.1.6 Key Players
- 11.2 UAE
- 11.2.1 Market Overview
- 11.2.2 Market Performance
- 11.2.3 Market Breakup by Type
- 11.2.4 Market Breakup by Application
- 11.2.5 Market Forecast
- 11.2.6 Key Players
- 11.3 Other Major Markets in GCC Region
- 11.3.1 Kuwait
- 11.3.2 Qatar
- 11.3.3 Bahrain
- 11.3.4 Oman
- 12 Competitive Landscape
- 12.1 Competitive Structure
- 12.2 Market Breakup by Key Players
- 13 Tire Manufacturing Process
- 13.1 Product Overview
- 13.2 Detailed Process Flow
- 13.3 Various Types of Unit Operations Involved
- 13.4 Mass Balance and Raw Material Requirements
- 14 Project Details, Requirements and Costs Involved
- 14.1 Land Requirements and Expenditures
- 14.2 Construction Requirements and Expenditures
- 14.3 Plant Machinery
- 14.4 Machinery Pictures
- 14.5 Raw Material Requirements and Expenditures
- 14.6 Raw Material and Final Product Pictures
- 14.7 Packaging Requirements and Expenditures
- 14.8 Transportation Requirements and Expenditures
- 14.9 Utility Requirements and Expenditures
- 14.10 Manpower Requirements and Expenditures
- 14.11 Other Capital Investments
- 15 Loans and Financial Assistance
- 16 Project Economics
- 16.1 Capital Cost of the Project
- 16.2 Techno-Economic Parameters
- 16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 16.4 Taxation and Depreciation
- 16.5 Income Projections
- 16.6 Expenditure Projections
- 16.7 Financial Analysis
- 16.8 Profit Analysis
- 17 Key Player Profiles
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