Middle East and Africa Tire (Tyre) Market Growth, Size, Trends, Revenue, Scope and Future Outlook
Middle East & Africa Tire (Tyre) Market Size- By Vehicle Type, By Design, By Sales Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2023 | Report ID: AMIN2399 | Pages: 1 - 157 | Formats*: |
| Category : Automotive & Transportation | |||
Middle East & Africa Tire (Tyre) Market Overview
According to SPER Market Research, the Middle East & Africa Tire (Tyre) Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
A tire is a flexible rubber covering that is placed on a metal wheel to create a cushioning interface with the road. Its purpose is to provide traction and enable smooth acceleration by gripping the surface and maintaining contact with it. Modern pneumatic tires are typically composed of synthetic rubber, natural rubber, fabric, wire, carbon black, and other chemical compounds. High-quality tires offer various benefits such as improved vehicle performance, reduced wear and tear, minimized rolling resistance, increased mileage and traction, and enhanced safety grip. As a result, tires have wide-ranging applications in two-wheelers, passenger vehicles, light and commercial trucks, buses, and military vehicles. The Middle East and African tire market is experiencing rapid development, supported by the region's fast-growing economies and infrastructure advancements. This market is poised for further growth and expansion in line with the ongoing progress in the region.
Exploring the Growth Drivers of the Middle East & Africa Tire (Tyre) Industry
Several variables affect the Middle East and Africa tyre (tyre) industry's growth drivers. Increased vehicle sales and a rise in tyre demand are both a result of the region's developing economies, including those of Saudi Arabia, the United Arab Emirates, South Africa, and Nigeria. The expansion of the automobile industry and urbanisation fuel an increase in the demand for tyres. Additionally, current infrastructure activities, such as expanding transportation networks, building roads, and urbanisation programmes, promote the demand for commercial vehicles, which in turn stimulates the need for tyres. The expansion of ports, airports, and logistical centres also helps the tyre business grow.
What challenges does the Middle East & Africa Tire (Tyre) Market face?
Numerous obstacles are preventing the Middle East and Africa's tyre business from expanding and developing. First, the industry faces risks due to the unstable economic and political environment in the region, which can affect tyre demand and supply chains through changes in currency exchange rates, trade regulations, and geopolitical tensions. Furthermore, the abundance of fake tyres on the market is a serious problem because they not only endanger safety but also reduce the income of real tyre makers. The wear and longevity of tyres are further impacted by the region's poor infrastructure and poor road conditions.
In what ways has the COVID-19 pandemic affected Middle East & Africa Tire (Tyre) Market?
The Middle East and Africa tyre market has been greatly impacted by the Covid-19 outbreak in a number of ways. First off, the extensive lockdowns and limitations put in place to contain the virus have decreased economic activity, which in turn has decreased demand for tyres by causing a reduction in vehicle sales. Production and supply chain interruptions in the automotive sector, a major driver of tyre sales, had an impact on the tyre market. Second, the economic slowdown brought on by the epidemic has impacted consumer purchasing power, causing a change in priorities and less expenditure on non-essential things like tyres. As a result, consumers put off replacing their tyres in favour of spending money on necessities, which led to a fall in demand for replacement tyres.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Design, By Sales Channel, By End Use |
| Regions covered | Qatar, Saudi, South Africa, UAE, Rest of the Middle East and Africa |
| Companies Covered | Apollo Tyres, Bridgestone, Continental, Cooper Tires, Goodyear Tyres, Hankook Tire, Maxxis International, Michelin, MRF, Pirelli, others |
Key Target Audience:
- Automotive Service Centers
- Consumers
- Fleet Operators
- Government and Public Sector
- Importers and distributors of tires
- Industry Associations and Trade Organizations
- Replacement Tire Retailers
- Vehicle Manufacturers
- Others
Middle East & Africa Tire (Tyre) Market Segmentation:
1. By Vehicle Type:
- Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By Vehicle Type, 2023-2033
- 2 wheeler vehicles
- 3 wheelers
- Heavy commercial vehicles
- Light commercial vehicles
- Medium commercial vehicles
- Passenger cars
- Other vehicles
2. By Design:
- Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By Design, 2023-2033
- Bias-ply tyres
- Radial tyres
3. By Sales Channel:
- Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By Sales Channel, 2023-2033
- Offline
- Online
4. By End Use:
- Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By End Use, 2023-2033
- OEM
- Replacement Tyres
5. By Region:
- Qatar
- Saudi
- South Africa
- UAE
- Rest of the Middle East and Africa
Key Topics Covered in the Report:
- Middle East & Africa Tire (Tyre) Market Size (FY’2023-FY’2033)
- Overview of Middle East & Africa Tire (Tyre) Market
- Segmentation of Middle East & Africa Tire (Tyre) Market By Vehicle Type (2 wheeler vehicles, 3 wheelers, Heavy commercial vehicles, Light commercial vehicles, Medium commercial vehicles, Passenger cars, Other vehicles)
- Segmentation of Middle East & Africa Tire (Tyre) Market By Design (Bias-ply tyres, Radial tyres)
- Segmentation of Middle East & Africa Tire (Tyre) Market By Sales Channel (Offline, Online)
- Segmentation of Middle East & Africa Tire (Tyre) Market By End Use (OEM, Replacement Tyres)
- Statistical Snap of Middle East & Africa Tire (Tyre) Market
- Growth Analysis of Middle East & Africa Tire (Tyre) Market
- Problems and Challenges in Middle East & Africa Tire (Tyre) Market
- Competitive Landscape in the Middle East & Africa Tire (Tyre) Market
- Impact of COVID-19 and Demonetization on Middle East & Africa Tire (Tyre) Market
- Details on Recent Investment in Middle East & Africa Tire (Tyre) Market
- Competitive Analysis of Middle East & Africa Tire (Tyre) Market
- Key Players in the Middle East & Africa Tire (Tyre) Market
- SWOT Analysis of Middle East & Africa Tire (Tyre) Market
- Middle East & Africa Tire (Tyre) Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Middle East & Africa Tire (Tyre) Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East & Africa Tire (Tyre) Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East & Africa Tire (Tyre) Market
7. Middle East & Africa Tire (Tyre) Market, By Vehicle Type (USD Million)
7.1. Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. 2 wheeler vehicles7.3. 3 wheelers7.4. Heavy commercial vehicles7.5. Light commercial vehicles7.6. Medium commercial vehicles7.7. Passenger cars7.8. Other vehicles
8. Middle East & Africa Tire (Tyre) Market, By Design (USD Million)
8.1. Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By Design, 2023-20338.2. Bias-ply tyres8.3. Radial tyres
9. Middle East & Africa Tire (Tyre) Market, By Sales Channel (USD Million)
9.1. Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By Sales Channel, 2023-20339.2. Offline9.3. Online
10. Middle East & Africa Tire (Tyre) Market, By End Use (USD Million)
10.1. Middle East & Africa Tire (Tyre) Market Value Share and Forecast, By End Use, 2023-203310.2. OEM10.3. Replacement Tyres
11. Middle East & Africa Tire (Tyre) Market Forecast, 2019-2033 (USD Million)
11.1. Middle East & Africa Tire (Tyre) Market Size and Market Share
12. Middle East & Africa Tire (Tyre) Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Middle East & Africa Tire (Tyre) Market Size and Market Share by Vehicle Type (2019-2026)12.2. Middle East & Africa Tire (Tyre) Market Size and Market Share by Vehicle Type (2027-2033)
13. Middle East & Africa Tire (Tyre) Market, By Design, 2019-2033 (USD Million)
13.1. Middle East & Africa Tire (Tyre) Market Size and Market Share by Design (2019-2026)13.2. Middle East & Africa Tire (Tyre) Market Size and Market Share by Design (2027-2033)
14. Middle East & Africa Tire (Tyre) Market, By Sales Channel, 2019-2033 (USD Million)
14.1. Middle East & Africa Tire (Tyre) Market Size and Market Share by Sales Channel (2019-2026)14.2. Middle East & Africa Tire (Tyre) Market Size and Market Share by Sales Channel (2027-2033)
15. Middle East & Africa Tire (Tyre) Market, By End Use, 2019-2033 (USD Million)
15.1. Middle East & Africa Tire (Tyre) Market Size and Market Share by End Use (2019-2026)15.2. Middle East & Africa Tire (Tyre) Market Size and Market Share by End Use (2027-2033)
16. Middle East & Africa Tire (Tyre) Market, By Region, 2019-2033 (USD Million)
16.1. Middle East & Africa Tire (Tyre) Market Size and Market Share by Region (2019-2026)16.2. Middle East & Africa Tire (Tyre) Market Size and Market Share by Region (2027-2033)16.3. Qatar16.4. Saudi16.5. South Africa16.6. UAE16.7. Rest of the Middle East and Africa
17. Company Profile
17.1. Apollo Tyres17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Bridgestone17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Continental17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Cooper Tires17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Goodyear Tyres17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Hankook Tire17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Maxxis International17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Michelin17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. MRF17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Pirelli17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East & Africa Tire (Tyre) Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Middle East & Africa Tire (Tyre) Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Middle East & Africa Tire (Tyre) Market Segment is Covered By Vehicle Type, By Design, By Sales Channel, By End Use
The Middle East region is anticipated to have the highest market share in Middle East & Africa Tire (Tyre) Market.
The key players in the market include Companies Covered Apollo Tyres, Bridgestone, Continental, Cooper Tires, Goodyear Tyres, Hankook Tire, Maxxis International, Michelin, MRF, Pirelli, others
The expansion of the automobile industry and urbanisation fuel an increase in the demand for tyres. Additionally, current infrastructure activities, such as expanding transportation networks, building roads, and urbanisation programmes, promote the demand for commercial vehicles, which in turn stimulates the need for tyres.
Middle East & Africa Tire (Tyre) Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Middle East & Africa Tire (Tyre) Market size is USD XX billion from 2023 to 2033.
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