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Saudi Arabia Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, and Two-wheeler), By Radial Vs Bias, By Online vs Offline Sales Channel, Competition, Forecast & Opportunities, 2014 - 2024

  • ID: 4773069
  • Report
  • Region: Saudi Arabia
  • 90 pages
  • TechSci Research
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until Dec 31st 2019
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Saudi Arabia Tire Market Stood at Around $2014 Million in 2018 and is Forecast to Grow at a CAGR of Over 6.4% By 2024

FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire Co. Ltd.
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Yokohama Rubber Co. Ltd
  • MORE
The Saudi Arabian tire market stood at around $ 2014 million in 2018 and is forecast to grow at a CAGR of over 6.4%, to cross $ 2870.9 million by 2024, on account of expanding vehicle fleet size, rising purchasing power and growing infrastructure and construction sectors in the country. Moreover, development of smart cities such as ‘NEOM’ and implementation of programs such as National Industrial Development and Logistics Program (NIDLP) to facilitate the Saudi Vision 2030 are further driving growth in the Saudi Arabian tire market. Additionally, short replacement period of tires due to extreme weather conditions in Saudi Arabia along with improving economic condition is expected to further push the demand for tires in the country during the forecast period.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020–2024
Objective of the Study:
  • To analyze and forecast the Saudi Arabian tire market size.
  • To classify and forecast the Saudi Arabian tire market on the basis vehicle type, company, region, radial v/s bias and offline v/s online sales channel.
  • To identify drivers and challenges for the Saudi Arabian tire market.
  • To identify market trends and developments in the Saudi Arabian tire market.
  • To identify and analyze the profile of leading tire players operating in Saudi Arabia.
Some of the major players operating in the country’s tire market include Bridgestone Corporation, Hankook Tire Co., Ltd., Pirelli C. S.p.A., Dunlop (Goodyear Tire & Rubber Company), Michelin Group, Continental AG, Goodyear Tire & Rubber Company, Yokohama Rubber Co. Ltd and Toyo Tire & Rubber Co. Ltd., etc.

In order to perform the study, primary as well as exhaustive secondary research were conducted. Initially,an exhaustive list of tire dealers and distributors operating in different regions of Saudi Arabia was prepared. Subsequently, the analysts conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the researchers were able to include distributors/dealers which could not be identified due to the limitations of secondary research. The researchers analyzed product offerings, distribution channels and regional presence of all major tire distributors across the country.

The researchers calculated the Saudi Arabian tire market size by using a bottom-up technique, wherein the replacement tire market data for different vehicle type (Passenger car, LCV, M&HCV, OTR and Two-wheeler) was recorded as well as forecast for future years. The researchers sourced these values from the industry experts and company representatives, and externally validated through analyzing historical sales value data of respective tire vehicle type to arrive at the overall market size. Multiple secondary sources such as directories, databases such as The Association of Saudi Arabia Automotive Industries, Saudi Arabian Rubber Council, Company Websites, company annual reports, white papers, investor presentations and financial reports were also studied.

Key Target Audience:
  • Tire manufacturers, supplier, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to the tire market in Saudi Arabia
  • Government bodies such as regulatory authorities and policymakers
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as tire distributors and dealers, customers and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking right investment decisions and facilitating their expansion.

Report Scope:

In this report, the Saudi Arabian tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Vehicle Type:
  • Passenger Cars
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles
  • Off-the-Road Vehicles
  • Two-Wheelers
Market, by Radial vs Bias

Market, by Online vs Offline Sales Channel

Market, by Region:
  • Central
  • Western
  • Eastern
  • Southern
  • Northern
Market, by Company:
  • Bridgestone Corporation
  • Hankook Tire Co. Ltd.
  • Pirelli & C. S.p.A.
  • Dunlop (Goodyear Tire & Rubber Company)
  • Michelin Group
  • Others
Competitive Landscape

Company Profiles: Detailed analysis of the major players operating in the Saudi Arabian tire market.

Available Customizations:

With the given market data, customisation is offered for specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Hankook Tire Co. Ltd.
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Yokohama Rubber Co. Ltd
  • MORE

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. Factor Influencing Purchase Decision
4.2. Brand Recall
4.3. Brand Satisfaction Level

5. Saudi Arabia 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 (Passenger Car, LCV, M&HCV, OTR, Two-wheeler)
5.2.2. By Radial Vs Bias
5.2.3. By Online Vs Offline Sales Channel
5.2.4. By Region
5.2.5. By Company (Bridgestone Corporation, Hankook Tire Co., Ltd., Pirelli & C. S.p.A., Dunlop [Goodyear Tire & Rubber Company], Michelin Group and Others)
5.3. Market Attractiveness Index
5.3.1. By Vehicle Type
5.3.2. By Radial Vs Bias
5.3.3. By Online Vs Offline Sales Channel
5.3.4. By Region

6. Saudi Arabia Passenger Car 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 (Sedan, SUV, Hatchback, MPV)
6.3. Prominent Tire Sizes

7. Saudi Arabia Light Commercial Vehicle 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 (Pickup Truck, Van, Light Truck and Bus)
7.3. Prominent Tire sizes

8. Saudi Arabia Medium & Heavy Commercial Vehicle 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 (Trucks, Buses)
8.3. Prominent Tire Sizes

9. Saudi Arabia OTR 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 (Industrial & Mining Equipment, Construction Equipment & Others)
9.3. Prominent Tire Sizes

10. Saudi Arabia Two-Wheeler Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Motorcycles, Scooters & Mopeds)
10.3. Prominent Tire Sizes

11. Import-Export Analysis

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Policy Regulatory & Landscape

15. SWOT Analysis

16. Saudi Arabia Economic Profile

17. Competitive Landscape
17.1. Bridgestone Corporation
17.2. Hankook Tire Co. Ltd.
17.3. Pirelli & C. S.p.A.
17.4. Dunlop (Goodyear Tire & Rubber Company)
17.5. Michelin Group
17.6. Goodyear Tire & Rubber Company
17.7. Yokohama Rubber Co. Ltd
17.8. Continental AG
17.9. Toyo Tire & Rubber Co. Ltd
17.10. Cooper Tire & Rubber Company

18. Strategic Recommendations

Note: Product cover images may vary from those shown
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  • Bridgestone Corporation
  • Hankook Tire Co. Ltd.
  • Pirelli & C. S.p.A.
  • Dunlop (Goodyear Tire & Rubber Company)
  • Michelin Group
  • Goodyear Tire & Rubber Company
  • Yokohama Rubber Co. Ltd
  • Continental AG
  • Toyo Tire & Rubber Co. Ltd
  • Cooper Tire & Rubber Company
Note: Product cover images may vary from those shown
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