GCC Tyre Market

GCC Tyre Market Overview:

A new report published by Syndicated Analytics titled “GCC Tyre Market by Design (Radial and Bias), by End-Use (OEM Market and Replacement Market), by Vehicle Type, by Distribution Channel (Offline and Online): Industry Analysis, Trends, Growth and Forecast 2023-2028” has comprehensively analysed the GCC tyre industry. The research study serves as an exceptional tool to understand the market trends, segmentation, market drivers, challenges, opportunities, competitive structure and the outlook of the market. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the GCC Tyre market in any form.

The growth of the Gulf Cooperation Council (GCC) Tyre market, including countries like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Qatar, and Bahrain, is influenced by a number of  distinct drivers. Chief among these is the strong expansion of the automotive sector, bolstered by rising income levels and an increasing consumer preference for personal vehicles. This trend has led to a significant boost in demand for tyres. Further fuelling the market growth is the rise in construction activities related to large-scale infrastructure projects such as the UAE's Expo 2020 and Qatar's FIFA World Cup 2022. These projects have led to an increased demand for commercial vehicles, thereby driving the demand for commercial tyres. Moreover, the hot climate of the GCC region necessitates more frequent tyre replacements, offering a unique regional driver for the tyre market.

In parallel with these drivers, several notable trends are shaping the future of the GCC Tyre market. A crucial trend is the emergence and growing popularity of electric and hybrid vehicles in the region, which has created a new segment in the tyre market. This new segment demands high-performance, low-resistance tyres, pushing tyre manufacturers to innovate and meet these specific needs. Consumers are also showing a marked preference for technologically advanced, fuel-efficient tyres, encouraging manufacturers to invest in research and development efforts focused on areas such as nanotechnology and renewable materials. Additionally, regulatory policies in the GCC region focusing on tyre safety and sustainability are shaping market trends. These policies are increasingly strict, compelling tyre manufacturers to enhance their production processes and incorporate sustainable practices, such as using eco-friendly materials.

GCC Tyre Market Segment Insights:

The GCC tyre market has been analysed as followed:

By Design:

• Radial
• Bias

By End-Use:

• OEM Market
• Replacement Market

By Vehicle Type:

• Passenger Cars
  • Market Breakup by Rim Size
  • Market Breakup by Tyre Size
  • Price Ranges by Rim Size
• Light Commercial Vehicles
  • Market Breakup by Rim Size
  • Market Breakup by Tyre Size
  • Price Ranges by Rim Size
• Medium and Heavy Commercial Vehicles
  • Market Breakup by Rim Size
  • Market Breakup by Tyre Size
  • Price Ranges by Rim Size
• Two Wheelers
  • Market Breakup by Rim Size
  • Market Breakup by Tyre Size
  • Price Ranges by Rim Size
• Three Wheelers
  • Market Breakup by Rim Size
  • Market Breakup by Tyre Size
  • Price Ranges by Rim Size
• Off-The-Road (OTR) 
  • Market Breakup by Rim Size
  • Market Breakup by Tyre Size
  • Price Ranges by Rim Size

By Distribution Channel:

• Offline
• Online

By Country:

• Saudi Arabia 
• UAE
• Others
• Kuwait
• Qatar
• Bahrain
• Oman

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Bridgestone Corporation
• Groupe Michelin
• Continental AG
• Goodyear Tyre & Rubber Co.
• Yokohama Rubber Company
• Hankook Tire & Technology Co., Ltd.
• Sumitomo Rubber Industries, Ltd.
• PIRELLI TYRE SPA 

Highlights of the GCC Tyre Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Key Questions Addressed in This Report:

• How has the GCC tyre market performed historically and what are the growth projections?
• What are the drivers, restraints, and opportunities influencing the GCC tyre market?
• How does each driver, restraint, and opportunity impact the GCC tyre market?
• What is the market breakdown based on efficiency?
• Which efficiency segment holds the highest growth potential in the GCC tyre market?
• What is the market breakdown based on end-use industry?
• Which end-use industry holds the highest growth potential in the GCC tyre market?
• What is the market breakdown based on applications?
• Which application segment holds the highest growth potential in the GCC tyre market?
• What is the competitive landscape of the GCC tyre market?
• Who are the key players/companies operating in the GCC tyre market?