Saudi Arabia Tyre Market Forecast and Opportunities, 2020

  • ID: 3330368
  • Report
  • Region: Saudi Arabia
  • 91 Pages
  • TechSci Research
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FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire Co. Ltd.
  • Michelin
  • Nexen Tires
  • Pirelli & C. SpA
  • MORE
According to the report “Saudi Arabia Tyre Market Forecast & Opportunities, 2020”, tyre market in Saudi Arabia is forecast to grow at a CAGR of over 13% during 2015-20. During 2010-14, passenger car tyre segment dominated the country’s tyre market, followed by the commercial vehicle tyre segment, and the same trend is expected to continue over the next five years. In 2014, the country’s central region accounted for the largest share in the tyre market, followed by western, eastern, southern and northern region of Saudi Arabia. Major global tyre companies that currently operate in the country include Bridgestone, Continental and Michelin.

Saudi Arabia is one of the leading automotive markets in the Middle East. Demand for tyres in the country, which is met through imports, has been increasing at a rapid pace on account of growing vehicle sales over the last five years. Shortening tyre replacement period coupled with increasing automobile sales are expected to drive the country’s tyre industry through 2020. Increase in infrastructure development activities, favorable government policies and surging foreign investments in automotive sector are anticipated to fuel the demand for vehicles, and thereby tyres, in Saudi Arabia in the coming years. One of the major trends that has been gaining increasing market traction over the last decade has been growing sales of tyres in the unorganized tyre market; a segment that is hugely dominated by Chinese tyre brands. This trend is likely to continue through 2020 as consumer tend to opt for Chinese tyres due to their highly discounted prices compared to branded tyres.

“Saudi Arabia Tyre Market Forecast and Opportunities, 2020” report discusses the following aspects:

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

Why You Should Buy This Report?

- To gain an in-depth understanding of tyre market in Saudi Arabia
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tyre companies and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To 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. 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
  • Nexen Tires
  • Pirelli & C. SpA
  • MORE
1. Research Methodology

2. Analyst View

3. Product Overview

4. Saudi Arabia Tyre Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Segment (Passenger Car, Commercial Vehicle & Others)
4.2.2. By Company
4.2.3. By Region

5. Saudi Arabia Passenger Car Tyre Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Segment (Small Cars, Sedans & SUVs)

6. Saudi Arabia Commercial Vehicle Tyre Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Segment (LCV, Buses & MHCV)

7. Saudi Arabia Other Tyre Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Segment (Two Wheeler, Construction/Industrial Vehicles & Others)

8. Trade Dynamics
8.1. Import Analysis

9. Market Dynamics
9.1. Drivers
9.2. Challenges

10. Market Trends & Developments
10.1. Establishment of Local Tyre manufacturing Facilities
10.2. Used Car Market
10.3. Tyre Recycling Projects
10.4. Rising Automobile Sales
10.5. Tyre Pressure Monitoring System

11. Policy & Regulatory Landscape

12. Saudi Arabia Economic Profile

13. Competitive Landscape
13.1. Bridgestone Corporation
13.2. Michelin
13.3. Continental AG
13.4. Goodyear Tyre & Rubber Co.
13.5. Yokohama Rubber Co. Ltd
13.6. Pirelli & C. SpA
13.7. Hankook Tire Co. Ltd.
13.8. Cooper Tire & Rubber Company
13.9. Nexen Tires
13.10. Toyo Tire

14. Strategic Recommendations

List of Figures

Figure 1: Saudi Arabia Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F
Figure 2: Saudi Arabia Tyre Weighted Average Selling Price, By Segment, 2010-2020F (USD)
Figure 3: Saudi Arabia Tyre Market Share, By Segment, By Volume, 2010-2020F
Figure 4: Saudi Arabia Tyre Market Share, By Company, By Volume, 2010-2020F
Figure 5: Saudi Arabia Tyre Market Share, By Region, By Volume, 2014 & 2020F
Figure 6: Saudi Arabia Passenger Car Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F
Figure 7: Saudi Arabia Passenger Car Tyre Market Share, By Segment, By Volume, 2010 - 2020F
Figure 8: Saudi Arabia Commercial Vehicle Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F
Figure 9: Saudi Arabia Commercial Vehicle Tyre Market Share, By Segment, By Volume, 2010 - 2020F
Figure 10: Saudi Arabia Other Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F
Figure 11: Saudi Arabia Other Tyre Market Share, By Segment, By Volume, 2010 - 2020F
Figure 12: Saudi Arabia Tyre Imports, By Volume, 2010-2013 (Million Units)
Figure 13: Saudi Arabia Passenger Car & Commercial Vehicle Sales, By Volume, 2010-2014 (Million Units)

List of Tables

Table 1: Major Infrastructure Projects Underway in Saudi Arabia, By Sector, Completion Date & Project Value (USD Billion)
Table 2: Major Upcoming Hotels in Saudi Arabia, By Location, By Company, By Number of Rooms
Table 3: Upcoming Mega Economic Cities in Saudi Arabia, By Location, Year of Completion, Investment & Project Area
Table 4: Ongoing Mega Construction Projects in Saudi Arabia, By Location, Year of Completion & Investment
Table 5: Duties Levied on Tyre (=61cms) Imports in Saudi Arabia
Table 6: Duties Levied on Tyre (>61cms) Imports in Saudi Arabia
Table 7: Duties Levied on Retreaded Tyre Imports in Saudi Arabia
Note: Product cover images may vary from those shown
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- Bridgestone Corporation
- Continental AG
- Cooper Tire & Rubber Company
- Goodyear Tyre & Rubber Co.
- Hankook Tire Co. Ltd.
- Michelin
- Nexen Tires
- Pirelli & C. SpA
- Toyo Tire
- 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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