Saudi Arabia Tyre Market Forecast and Opportunities, 2019

  • ID: 3054861
  • Report
  • Region: Saudi Arabia
  • 98 Pages
  • TechSci Research
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Tyre Market In Saudi Arabia Is Forecast To Grow At A CAGR Of Around 17% Till 2019

FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire Co. Ltd.
  • Michelin AIM
  • Pirelli & C. SpA
  • Yokohama Rubber Co. Ltd.
  • MORE
Saudi Arabia has one of the highest number of per capita vehicles, globally. In 2013, about 0.74 million units of commercial vehicles and passenger cars were sold in the Kingdom. Saudi Arabia hugely lacks in terms of vehicle production as only a handful automobile assembly units are located across the country. As a result, the entire domestic demand for automobiles as well as tyres is met solely through imports. However, expanding growth potential in the automobile sector is attracting several vehicle manufacturers to Saudi Arabia. Japanese car maker Isuzu has constructed a production facility in Dammam Industrial City 2 and plans to manufacture about 25,000 light trucks and heavy duty trucks by 2017, primarily to address swelling domestic as well as exports demand from the MENA region. This is expected to considerably boost OEM tyre sales in the country over the next five years.

According to “Saudi Arabia Tyre Market Forecast & Opportunities, 2019”, the tyre market in Saudi Arabia is forecast to grow at a CAGR of around 17% till 2019. Increasing passenger car sales, expanding automobile fleet size, favorable government policies and significant foreign investments in the automotive sector are some of the key factors propelling tyre demand in Saudi Arabia. Due to extreme weather conditions, replacement period for tyres is relatively shorter, which is also a major reason for increasing replacement tyre sales in the Kingdom. Passenger car tyre is the most dominating segment in the Saudi Arabia tyre market, followed by commercial vehicle tyre and other vehicle tyre segments. The Kingdom’s Western and Central regions, comprising Riyadh, Mecca and Madinah, collectively account for around 57% of the total tyre sales in Saudi Arabia. Besides major Chinese brands, some leading tyre manufacturers like Bridgestone, Michelin, Continental, Goodyear and Yokohama have established themselves as key players in the Saudi Arabia tyre market.

“Saudi Arabia Tyre Market Forecast & Opportunities, 2019” discusses following aspects of the tyre market in Saudi Arabia:

- Saudi Arabia Tyre Market Size, Share & Forecast
- Segmental Analysis – Passenger Car Tyres, Commercial Vehicle Tyres, Other Tyres
- Policy & Regulatory Environment
- Changing Market Dynamics & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

- Gain an in-depth understanding of tyre market in Saudi Arabia
- Identify the on-going trends and segment wise anticipated growth in the coming years
- Help industry consultants, tyre companies and other stakeholders to align their market-centric strategies
- Gain in-depth understanding of market dynamics, import-export, trends and opportunities
- Obtain research based business decision and add weight to presentations and marketing materials.
- Gain competitive knowledge of leading players
- Avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tyre distributors and retailers in Saudi Arabia. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire Co. Ltd.
  • Michelin AIM
  • Pirelli & C. SpA
  • Yokohama Rubber Co. Ltd.
  • MORE
1. Research Methodology

2. Market Overview

3. Analyst View

4. Saudi Arabia Tyre Market Outlook & Forecast
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type
4.2.2. By Region
4.2.3. By Company

5. Passenger Car Tyre Market Outlook & Forecast
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type

6. Commercial Vehicle Tyre Market Outlook & Forecast
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type

7. Other Tyre Market Outlook & Forecast
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type

8. Saudi Arabia Tyre Market Trade Analysis
8.1. Import Analysis

9. Saudi Arabia Tyre Market Dynamics
9.1. Drivers
9.2. Challenges

10. Policy & Regulatory Landscape

11. Market Trends & Developments
11.1. Tyre Pressure Monitoring System
11.2. Rising Automobile Sales
11.3. Tyre Recycling Projects
11.4. Used Car Market

12. Saudi Arabia Economic Profile

13. Competitive Landscape
13.1. Goodyear Tyre & Rubber Co.
13.2. Bridgestone Corporation
13.3. Michelin AIM
13.4. Pirelli & C. SpA
13.5. Hankook Tire Co. Ltd.
13.6. Continental AG
13.7. Yokohama Rubber Co. Ltd.

14. Strategic Recommendations

List of Figures

Figure 1: Saudi Arabia Tyre Market Size, By Value, 2009 – 2013 (USD Billion)
Figure 2: Saudi Arabia Tyre Market Size, By Value, 2014E – 2019F (USD Billion)
Figure 3: Saudi Arabia Tyre Market Size, By Volume, 2009 – 2013 (Million Units)
Figure 4: Saudi Arabia Tyre Market Size, By Volume, 2014E – 2019F (Million Units)
Figure 5: Saudi Arabia Tyre Market Share, By Vehicle Type, By Volume, 2013
Figure 6: Saudi Arabia Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 7: Saudi Arabia Tyre Market Share, By Company, By Volume, 2013
Figure 8: Saudi Arabia Tyre Market Share, By Company, By Volume, 2019F
Figure 9: Saudi Arabia Tyre Market Share, By Region, By Volume, 2013 & 2019F
Figure 10: Saudi Arabia Passenger Car Tyre Market Size, By Value, 2009 – 2013 (USD Billion)
Figure 11: Saudi Arabia Passenger Car Tyre Market Size, By Value, 2014E – 2019F (USD Billion)
Figure 12: Saudi Arabia Passenger Car Tyre Market Size, By Volume, 2009 – 2013 (USD Billion)
Figure 13: Saudi Arabia Passenger Car Tyre Market Size, By Volume, 2014E – 2019F (USD Billion)
Figure 14: Saudi Arabia Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2013
Figure 15: Saudi Arabia Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 16: Saudi Arabia Commercial Vehicle Tyre Market Size, By Value, 2009 – 2013 (USD Billion)
Figure 17: Saudi Arabia Commercial Vehicle Tyre Market Size, By Value, 2014E – 2019F (USD Billion)
Figure 18: Saudi Arabia Commercial Vehicle Tyre Market Size, By Volume, 2009 – 2013 (Million Units)
Figure 19: Saudi Arabia Commercial Vehicle Tyre Market Size, By Volume, 2014E – 2019F (Million Units)
Figure 20: Saudi Arabia Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2013
Figure 21: Saudi Arabia Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 22: Saudi Arabia Other Tyre Market Size, By Value, 2009 – 2019F (USD Billion)
Figure 23: Saudi Arabia Other Tyre Market Size, By Volume, 2009 – 2019F (Million Units)
Figure 24: Saudi Arabia Other Tyre Market Share, By Vehicle Type, By Volume, 2013
Figure 25: Saudi Arabia Other Tyre Market Share, By Vehicle Type, By Volume, 2019F
Figure 26: Saudi Arabia Tyre Imports, 2009-2013 (Million Units)
Figure 27: Saudi Arabia Vehicle Sales, 2009 - 2013 (Million Units)

List of Tables

Table 1: Saudi Arabia Tyre WASP, 2013 & 2019F (USD)
Table 2: Top 100 Infrastructure Projects Underway in Saudi Arabia
Table 3: Saudi Arabia Import Duties on Tyres
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- Bridgestone Corporation
- Continental AG
- Goodyear Tyre & Rubber Co.
- Hankook Tire Co. Ltd.
- Michelin AIM
- Pirelli & C. SpA
- Yokohama Rubber Co. Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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