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Middle East and Africa Tire Aftermarket, Tire Replacement Market 2022-2028

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    Report

  • 101 Pages
  • January 2023
  • Region: Africa, Middle East
  • Triton Market Research
  • ID: 5715295

Strategic initiatives are fueling the expansion of the tire aftermarket, tire replacement market

MARKET OUTLOOK

The publisher's research report suggests that the Middle East and Africa tire aftermarket, tire replacement market is estimated to progress at a compound annual growth rate of 3.95% during the forecast years 2022-2028. Israel, South Africa, the United Arab Emirates, Saudi Arabia, Turkey, and Rest of Middle East & Africa are considered in this region.

The automotive sector in Turkey has witnessed substantial growth over the past few years. As per the International Trade Administration, Turkey employed over 500,000 people in the automobile sector. This indicates the sector is crucial for economic development, which has led several players to invest in advancing vehicle production. Ford, for instance, invested in electric vehicle production. The population growth has prompted the government to spend on intelligent transportation systems. Hence, all these factors are anticipated to create opportunities for the tire aftermarket, tire replacement market.

On the other hand, several US component suppliers have set up operations in South Africa, including Johnson Controls, TRW Automotive, Delphi, and Ford. Moreover, companies like Audi, BMW, and Ashton Martin launched new models. Such strategic initiatives are anticipated to create demand for energy-efficient, high-tech tires, widening the scope of the tire aftermarket, tire replacement market across the nation.

COMPETITIVE OUTLOOK

The key companies in the tire aftermarket, tire replacement market include Goodyear Tires, Michelin, Sumitomo Rubber Industries Ltd, MRF, Nexen Tire Corporation, JK Tyre, and Maxxis.

Table of Contents

1. Middle East and Africa Tire Aftermarket, Tire Replacement Market - Summary

2. Industry Outlook
2.1. Key Insights
2.1.1. Growing Inclination Toward the Development of Airless Tires
2.1.2. Tire Customization and Personalization Accelerate Market Expansion
2.2. Impact of Covid-19 on Tire Aftermarket, Tire Replacement Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Mergers & Acquisitions
2.6.2. Product Launches & Developments
2.6.3. Partnerships
2.6.4. Business Expansions & Divestitures
2.7. Market Drivers
2.7.1. Spike in Demand for Fuel-Efficient Tires
2.7.2. Mandatory Tire Labeling Norms
2.7.3. Rising Racing Tournaments Boosting Tire Replacement
2.8. Market Challenges
2.8.1. Uncertainty in the Pricing of Automotive Raw Materials
2.8.2. Political Instability in African Countries
2.9. Market Opportunity
2.9.1. Electric Vehicle Tire Replacement is a Lucrative Segment

3. Middle East and Africa Tire Aftermarket, Tire Replacement Market - by Tire Type
3.1. Radial Tire
3.2. Bias Tire

4. Middle East and Africa Tire Aftermarket, Tire Replacement Market - by Rim Size
4.1. 13- 15 Inches
4.2. 16 -18 Inches
4.3. 19-21 Inches
4.4. More Than 21 Inches

5. Middle East and Africa Tire Aftermarket, Tire Replacement Market - by Distribution Channel
5.1. Original Equipment Supplier (Oes)
5.2. Independent Aftermarket (Iam)

6. Middle East and Africa Tire Aftermarket, Tire Replacement Market - Country Outlook
6.1. United Arab Emirates
6.2. Saudi Arabia
6.3. Turkey
6.4. South Africa
6.5. Israel
6.6. Rest of Middle East & Africa

7. Competitive Landscape
7.1. Michelin
7.2. Bridgestone Corporation
7.3. Continental AG
7.4. Goodyear Tires
7.5. Pirelli & C Spa
7.6. Sumitomo Rubber Industries Ltd
7.7. Toyo Tires
7.8. The Yokohama Rubber Co Ltd
7.9. Apollo Tyres
7.10. Mrf
7.11. Ceat Limited
7.12. Nexen Tire Corporation
7.13. Hankook Tire & Technology Co Ltd
7.14. Jk Tyre
7.15. Maxxis

8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology

List of Tables
Table 1: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2022-2028 (In $ Billion)
Table 2: Vendor Scorecard
Table 3: Lists the Mergers & Acquisitions
Table 4: List of Product Launches & Developments
Table 5: List of Partnerships
Table 6: List of Business Expansions & Divestitures
Table 7: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2022-2028 (In $ Billion)
Table 8: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Tire Type, 2022-2028 (In $ Billion)
Table 9: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Rim Size, 2022-2028 (In $ Billion)
Table 10: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Distribution Channel, 2022-2028 (In $ Billion)

List of Figures
Figure 1: Market Attractiveness Index
Figure 2: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Tire Type, 2021 & 2028 (In %)
Figure 3: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Radial Tire, 2022-2028 (In $ Billion)
Figure 4: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Bias Tire, 2022-2028 (In $ Billion)
Figure 5: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Rim Size, 2021 & 2028 (In %)
Figure 6: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by 13- 15 Inches, 2022-2028 (In $ Billion)
Figure 7: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by 16 -18 Inches, 2022-2028 (In $ Billion)
Figure 8: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by 19 -21 Inches, 2022-2028 (In $ Billion)
Figure 9: Middle East and Africa Tire Aftermarket, Tire Replacement Market, More Than 21 Inches, 2022-2028 (In $ Billion)
Figure 10: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Distribution Channel, 2021 & 2028 (In %)
Figure 11: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Original Equipment Supplier (Oes), 2022-2028 (In $ Billion)
Figure 12: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Independent Aftermarket (Iam), 2022-2028 (In $ Billion)
Figure 13: Middle East and Africa Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2021 & 2028 (In %)
Figure 14: United Arab Emirates Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 15: Saudi Arabia Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 16: Turkey Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 17: South Africa Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 18: Israel Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 19: Rest of Middle East & Africa Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Michelin
  • Bridgestone Corporation
  • Continental AG
  • Goodyear Tires
  • Pirelli & C Spa
  • Sumitomo Rubber Industries Ltd
  • Toyo Tires
  • the Yokohama Rubber Co Ltd
  • Apollo Tyres
  • Mrf
  • Ceat Limited
  • Nexen Tire Corporation
  • Hankook Tire & Technology Co Ltd
  • Jk Tyre
  • Maxxis

Methodology

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