Bahrain Tire Market Forecast & Opportunities, 2021

  • ID: 3787070
  • Report
  • Region: Bahrain
  • 103 pages
  • TechSci Research
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Bahrain's Tire Market was Dominated by the Passenger Car Tire Segment, Owing to Huge and Expanding Passenger Car Fleet Size

FEATURED COMPANIES

  • Continental AG
  • Goodyear Middle East FZE
  • Hankook Tire Co. Ltd.
  • Michelin AIM FZE
  • Yokohama Rubber Co. Ltd.
  • MORE
With a GDP of over $30 billion and a vehicle fleet of over 1 million units in 2015, Bahrain has emerged as one of the key tire markets in the GCC region. However, the country has been witnessing the repercussions of slump in crude oil prices, which declined from more than $ 100 per barrel levels in 2011 to sub $ 50 per barrel levels in 2015.

In order to desensitize the country’s economy from the economic shocks resulting from oil price fluctuations, the Government of Bahrain has been continuously introducing various initiatives to lessen the country’s reliance on oil & gas sector. Consequently, with anticipated growth in the country’s automotive sector over the next five years, Bahrain tire market is forecast to register healthy growth over the next five years. As of 2015, there were no automobile and tire manufacturing facilities in Bahrain, and consequently, demand for tires is solely emanating from the replacement segment, and is entirely addressing through the import route.

According to “Bahrain Tire Market Forecast & Opportunities, 2021”, in 2015, the country’s tire market was dominated by the passenger car tire segment, owing to huge and expanding passenger car fleet size. As per the data published by the Organisation Internationale des Constructeurs d'Automobiles (OICA), the passenger car sales in Bahrain grew at a CAGR of over 16% during 2011-2015. Moreover, the country’s passenger car fleet grew at a CAGR of around 11% during the same period and this trend is expected to continue in the coming years.

Region-wise, Capital Governorate was the largest demand generator of tires during 2011-2015, followed by Muharraq Governorate. In 2015, more than 45% of the tire demand was grabbed by Chinese tire brands, with Michelin, Bridgestone, Goodyear, Pirelli, Dunlop and Yokohama being the leading global tire brand operating in the country.

“Bahrain Tire Market Forecast & Opportunities, 2021” discusses the following aspects tire market in Bahrain:

- Bahrain Tire Market Size, Share & Forecast
- Segmental Analysis - Passenger Car Tires, Medium and Heavy Commercial Tires, Light Commercial Vehicle Tires, OTR Tires & Two Wheeler Tires
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of Bahrain tire market
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, tire companies, distributors and other stakeholders align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail of 10% customization in the report without any extra charges and get 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 upon both primary and secondary research. Primary research included interaction with tire companies and industry experts in Bahrain. 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

  • Continental AG
  • Goodyear Middle East FZE
  • Hankook Tire Co. Ltd.
  • Michelin AIM FZE
  • Yokohama Rubber Co. Ltd.
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Bahrain Tire Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type (Passenger Cars, LCV & MHCV, OTR & Two Wheelers)
4.2.2. By Company
4.2.3. By Region
4.2.4. By Tire Type (Radial Vs. Bias)

5. Bahrain Passenger Car Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Hatchback, Sedan & SUV)
5.2.2. By Tire Type (Radial Vs. Bias)

6. Bahrain Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (HCV Vs. MCV)
6.2.2. By Tire Type (Radial Vs. Bias)

7. Bahrain Off-the Road (OTR) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Construction, Industrial & Mining Tire, Agriculture Tire & Others)
7.2.2. By Tire Type (Radial Vs. Bias)

8. Bahrain Light Commercial Vehicle (LCV) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Light Truck & Light Bus, and Pickup)
8.2.2. By Tire Type (Radial Vs. Bias)

9. Bahrain Two-Wheeler Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Motorcycle & Scooter)

10. Market Dynamics
10.1. Drivers
10.2. Challenges

11. Market Trends & Developments
11.1. Increasing Imports of Passenger Car Tires
11.2. Growing Popularity of Chinese Tires
11.3. Surging Online Tire Sales
11.4. Booming Retreaded Tire Market
11.5. Declining Sales of Commercial Vehicle and OTR Tires

12. Policy & Regulatory Landscape

13. Bahrain Economic Profile

14. Competitive Landscape
14.1. Bridgestone Middle East & Africa FZE
14.2. Continental AG
14.3. Yokohama Rubber Co. Ltd.
14.4. Hankook Tire Co. Ltd.
14.5. Michelin AIM FZE
14.6. Goodyear Middle East FZE
14.7. Pirelli Tyre (Suisse) SA (Middle East Branch)
14.8. Sumitomo Rubber Middle East FZE
14.9. Toyo Tire & Rubber CO., LTD.
14.10. Shandong Wanda BOTO Tyre Co. Ltd.

15. Strategic Recommendations

List of Figures

Figure 1: Bahrain Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 2: Bahrain Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 3: Bahrain Tire Market Share, By Company, By Volume, 2015-2021F
Figure 4: Bahrain Tire Market Share, By Region, By Volume, 2015 & 2021F
Figure 5: Bahrain Tire Market Share, By Region, By Volume, 2015-2021F
Figure 6: Bahrain Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F
Figure 7: Bahrain Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 8: Bahrain GNI Per Capita, 2011-2015 (USD)
Figure 9: Bahrain Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 10: Bahrain Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F
Figure 11: Bahrain Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 12: Bahrain Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 13: Bahrain Medium & Heavy Commercial Vehicle Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F
Figure 14: Bahrain Off-The-Road (OTR) Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 15: Bahrain Off-The-Road (OTR) Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 16: Bahrain’s Agriculture Contribution to GDP, 2011-2015 (%)
Figure 17: Bahrain OTR Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F
Figure 18: Bahrain Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 19: Bahrain Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 20: Bahrain Light Commercial Vehicle Tire Market Share, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F
Figure 21: Bahrain Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 22: Bahrain Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 23: Bahrain Tire Market Share, Chinese Tire Vs. Flagship Brands, By Volume, 2015
Figure 24: Bahrain Tire Market Share, Chinese Tire Vs. Flagship Brands, By Volume, 2021
Figure 25: Bahrain Internet Penetration (per 100 people), 2011-2014 (%)
Figure 26: Minimum Documents Requirements for Import of Goods
Figure 27: Import Custom Clearance Procedure

List of Tables

Table 1: Bahrain Passenger Car Fleet and Sales, 2011-2015 (Units)
Table 2: Bahrain Passenger Car Tire Sales, By Vehicle Type, By Volume, 2016E-2021F (Thousand Units)
Table 3: Bahrain Passenger Car Tire Market Size, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F (Thousand Units)
Table 4: Bahrain Commercial Vehicle Sales, By Volume, 2009-2015 (Units)
Table 5: Bahrain Major Construction Projects, By Investment, By Completion Year, As of 2015 (USD Billion)
Table 6: Bahrain Medium & Heavy Commercial Vehicle Tire Sales, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
Table 7: Bahrain M&HCV Tire Market Size, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F (Thousand Units)
Table 8: Global Crude Oil Prices, 2011-2021 (USD/Barrel)
Table 9: Bahrain Key Economic Indicators, 2014-2017F
Table 10: Bahrain OTR Tire Market Size, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F (Thousand Units)
Table 11: Bahrain Light Commercial Vehicle Tire Sales, By Vehicle Type, By Volume, 2015-2021 (Thousand Units)
Table 12: Bahrain Light Commercial Vehicle Tire Market Size, By Tire Type (Radial Vs. Bias), By Volume, 2015-2021F (Thousand Units)
Table 13: Bahrain Two-Wheeler Tire Sales, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
Table 14: Bahrain Passenger Car & Commercial Vehicle Sales, By Volume, 2010-2015 (Units)
Table 15: Bahrain Passenger Car Tire Imports, 2010-2014 (USD Million)
Table 16: Bahrain Commercial Vehicle and OTR Tire Sales, By Vehicle Type, By Volume, 2011-2015 (Thousand Units)
Table 17: Bahrain Import Duties on Tires, 2014
Note: Product cover images may vary from those shown
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- Bridgestone Middle East & Africa FZE
- Continental AG
- Goodyear Middle East FZE
- Hankook Tire Co. Ltd.
- Michelin AIM FZE
- Pirelli Tyre (Suisse) SA (Middle East Branch)
- Shandong Wanda BOTO Tyre Co. Ltd.
- Sumitomo Rubber Middle East FZE
- Toyo Tire & Rubber CO., LTD.
- 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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