The Saudi Arabia tire market size reached 22.6 Million Units in 2023. The market is projected to reach 25.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.32% during 2023-2032.
The Saudi Arabia tire market is predominantly import driven, with a considerable penetration of Chinese tire brands owing to their affordability and easy availability. However, over the past several years, the flagships brands have been gaining momentum as a result of high-quality assurance and extended life cycle of the products they offer.
Rapid development in the automobile sector of Saudi Arabia is contributing to the growth of the tire market. The expanding consumer base supported by the elevating living standards and increasing per capita expenditure on premium vehicle components further augments the market growth. The rising penetration of international tire brands offering high-quality assurance and extended product life has led to their growing presence in Saudi Arabia. Additionally, several regional tire manufacturing companies are entering into strategic partnerships and alliances with international players for expanding their product portfolios, thus leading to product premiumization. Furthermore, in 2018, Saudi Arabia allowed women to drive a car on their own, ending a ban where women were legally required to be driven by chauffeurs or travel with male family members. This is expected to further drive the demand of tires in Saudi Arabia. Other factors that will catalyse the demand of tires in Saudi Arabia include increasing number of infrastructure projects, growing construction industry, rising demand for replacement tires, etc.
2. What is the expected growth rate of the Saudi Arabia tire market in 2024-2032?
3. What are the key factors driving the Saudi Arabia tire market?
4. What has been the impact of COVID-19 on the Saudi Arabia tire market?
5. What is the breakup of the Saudi Arabia tire market based on the type?
6. What is the breakup of the Saudi Arabia tire market based on the end-use?
7. What is the breakup of the Saudi Arabia tire market based on the vehicle type?
8. What is the breakup of the Saudi Arabia tire market based on the distribution channel?
9. What are the key regions in the Saudi Arabia tire market?
10. Who are the key players/companies in the Saudi Arabia tire market?
The Saudi Arabia tire market is predominantly import driven, with a considerable penetration of Chinese tire brands owing to their affordability and easy availability. However, over the past several years, the flagships brands have been gaining momentum as a result of high-quality assurance and extended life cycle of the products they offer.
Rapid development in the automobile sector of Saudi Arabia is contributing to the growth of the tire market. The expanding consumer base supported by the elevating living standards and increasing per capita expenditure on premium vehicle components further augments the market growth. The rising penetration of international tire brands offering high-quality assurance and extended product life has led to their growing presence in Saudi Arabia. Additionally, several regional tire manufacturing companies are entering into strategic partnerships and alliances with international players for expanding their product portfolios, thus leading to product premiumization. Furthermore, in 2018, Saudi Arabia allowed women to drive a car on their own, ending a ban where women were legally required to be driven by chauffeurs or travel with male family members. This is expected to further drive the demand of tires in Saudi Arabia. Other factors that will catalyse the demand of tires in Saudi Arabia include increasing number of infrastructure projects, growing construction industry, rising demand for replacement tires, etc.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the Saudi Arabia tire market report, along with forecasts at the country and regional level from 2023-2032. The report has categorized the market based on type, end-use, vehicle type, size and distribution channel.Breakup by Type:
- Radial
- Bias
Breakup by End-Use:
- OEM
- Replacement
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Two Wheelers
- Off-The-Road (OTR)
Breakup by Size:
- Passenger Cars
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Light Commercial Vehicles
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Medium and Heavy Commercial Vehicles
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Two Wheelers
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Off-The-Road (OTR)
- Market Breakup by Rim Size
- Market Breakup by Tire Size
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Michelin Group, Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Corporation, Pirelli & C. S.p.A, Yokohama Rubber Company, Hankook Tire and Technology, Toyo Tire Corporation and Kumho Tire.Key Questions Answered in This Report
1. What was the size of the Saudi Arabia tire market in 2023?2. What is the expected growth rate of the Saudi Arabia tire market in 2024-2032?
3. What are the key factors driving the Saudi Arabia tire market?
4. What has been the impact of COVID-19 on the Saudi Arabia tire market?
5. What is the breakup of the Saudi Arabia tire market based on the type?
6. What is the breakup of the Saudi Arabia tire market based on the end-use?
7. What is the breakup of the Saudi Arabia tire market based on the vehicle type?
8. What is the breakup of the Saudi Arabia tire market based on the distribution channel?
9. What are the key regions in the Saudi Arabia tire market?
10. Who are the key players/companies in the Saudi Arabia tire market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Saudi Arabia Tire Industry
6 Market Breakup by Type
7 Market Breakup by End-Use
8 Market Breakup by Vehicle Type
9 Market Breakup by Size
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 Tire Pricing Analysis
13 SWOT Analysis
15 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Michelin Group
- Bridgestone Corporation
- Continental AG
- Goodyear Tire and Rubber Company
- Sumitomo Corporation
- Pirelli & C. S.p.A
- Yokohama Rubber Company
- Hankook Tire and Technology
- Toyo Tire Corporation and Kumho Tire
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 22.6 Million Units |
| Forecasted Market Value by 2032 | 25.5 Million Units |
| Compound Annual Growth Rate | 1.3% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 9 |
