Saudi Arabia Tire Market Report by Type (Radial, Bias), End-Use (OEM, Replacement), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Off-The-Road (OTR)), Size (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two Wheelers, Off-The-Road (OTR)), Distribution Channel (Offline, Online), and Region 2024-2032
The Saudi Arabia tire market size reached 22.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 25.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.26% during 2024-2032.
The Saudi Arabia tire market is 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.
Rapid development in the automobile sector of Saudi Arabia is contributing to the growth of the tire market. The expanding consumer base supported by the elevating living standards and increasing per capita expenditure on premium vehicle components further augments the market growth. The rising penetration of international tire brands offering high-quality assurance and extended product life has led to their growing presence in Saudi Arabia. Additionally, several regional tire manufacturing companies are entering into strategic partnerships and alliances with international players for expanding their product portfolios, thus leading to product premiumization. Furthermore, in 2018, Saudi Arabia allowed women to drive a car on their own, ending a ban where women were legally required to be driven by chauffeurs or travel with male family members. This is expected to further drive the demand of tires in Saudi Arabia. Other factors that will catalyse the demand of tires in Saudi Arabia include increasing number of infrastructure projects, growing construction industry, rising demand for replacement tires, etc.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia tire market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, end-use, vehicle type, size and distribution channel.
Breakup by Type:
Radial
Bias
Breakup by End-Use:
OEM
Replacement
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two Wheelers
Off-The-Road (OTR)
Breakup by Size:
Passenger Cars
Market Breakup by Rim Size
Market Breakup by Tire Size
Light Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Medium and Heavy Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Two Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Off-The-Road (OTR)
Market Breakup by Rim Size
Market Breakup by Tire Size
Breakup by Distribution Channel:
Offline
Online
Breakup by Region:
Northern and Central Region
Western Region
Eastern Region
Southern Region
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Michelin Group, Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Corporation, Pirelli & C. S.p.A, Yokohama Rubber Company, Hankook Tire and Technology, Toyo Tire Corporation and Kumho Tire.
Key Questions Answered in This Report
1. What was the size of the Saudi Arabia tire market in 2023?
2. What is the expected growth rate of the Saudi Arabia tire market in 2024-2032?
3. What are the key factors driving the Saudi Arabia tire market?
4. What has been the impact of COVID-19 on the Saudi Arabia tire market?
5. What is the breakup of the Saudi Arabia tire market based on the type?
6. What is the breakup of the Saudi Arabia tire market based on the end-use?
7. What is the breakup of the Saudi Arabia tire market based on the vehicle type?
8. What is the breakup of the Saudi Arabia tire market based on the distribution channel?
9. What are the key regions in the Saudi Arabia tire market?
10. Who are the key players/companies in the Saudi Arabia tire market?