Qatar Tire Market Size, Growth, Trends, Revenue, Challenges, opportunities and Future Investment Strategies Till 2033
Qatar Tire Market Size- By Vehicle Type, By Demand Category, By Tire Type, By Rim Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: AMIN23161 | Pages: 1 - 103 | Formats*: |
| Category : Automotive & Transportation | |||
Qatar Tire Market Introduction and Overview
According to SPER Market Research, the Qatar Tire Market is estimated to reach USD 2.26 billion by 2033 with a CAGR of 6.35%.
The report includes an in-depth analysis of the Qatar Tire Market, including market size and trends, product mix, Applications, and supplier analysis. A tyre surrounds the rim of the wheel to transfer the weight of the vehicle from the axle through the wheel to the ground and to give traction on the surface the wheel travels over. Most tyres, including those for automobiles and bicycles, are pneumatically filled and also provide a flexible cushion to absorb stress as the tyre travels over irregular surfaces. Applying a bearing pressure that won't cause the surface to flex unduly allows the contact patch, the footprint that tyres give, to be designed to match the weight of the vehicle with the bearing capacity of the surface it rolls over.
- In 2021: Along with two new sizes of the ultra-high-performance (UHP) ElectricDrive GT tyre, Goodyear unveiled a new ElectricDrive all-season tyre. The product primarily targets commuter touring sedans and crossover utility vehicles, both of which are basically outfitted with load indices that have a stronger capacity for withstanding the heavier weight associated with EVs. The tire's asymmetric tread design also gives it great handling qualities in a variety of weather conditions. With the inaugural release of the Goodyear ElectricDrive GT, which is available in size 255/45R19 104W XL, the company indicated ambitions to further diversify its product line in 2022.
Market Opportunities and Challenges
Opportunities: The expanding government emphasis on infrastructure improvements, which has resulted in quickly accelerating construction projects in the nation and rising sales of medium and heavy commercial vehicles, is the main factor boosting demand for tyres in Qatar. In order to fulfil the rising demand for tyres across the nation over the upcoming years, the top businesses are seeing profitable growth opportunities to expand their import and distribution capacities.
Challenges: The primary factors that could restrict the extensive use of rubber in tyre manufacture and, consequently, restrain Qatar's tyre market's expansion are the rising worries regarding carbon emissions and the stringent government laws designed to reduce them. The fluctuating price of raw materials, which affects the total cost of making tyres and makes it challenging for tyre producers to set a fixed price, is another important issue that is projected to restrict the market's growth over the upcoming years.
Market Competitive Landscape
The major players in the market include: Apollo Tyres Ltd., Bridgestone Corporation, Continental AG, Goodyear Tires, Hankook Tire Co. Ltd., Michelin AIM FZE, Pirelli Tyre (Suisse) SA Middle East Branch, TOYO Tire & Rubber Co., Ltd., Yokohama Ali Bin Khalifa Al Hitmi & Co., Others. The key strategies used by these industry giants include alliances, mergers, and acquisitions. To grow their market share, these companies are also focusing on investing in innovations, partnerships, and expansions.
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 Demand Category, By Tire Type, By Rim Size |
| Regions covered | Ad Dawhah, AI Khor, AI Rayyan, AI Wakrah |
| Companies Covered | Apollo Tyres Ltd., Bridgestone Corporation, Continental AG, Goodyear Tires, Hankook Tire Co. Ltd., Michelin AIM FZE, Pirelli Tyre (Suisse) SA Middle East Branch, TOYO Tire & Rubber Co., Ltd., Yokohama Ali Bin Khalifa Al Hitmi & Co., Others |
COVID-19 Impact on Qatar Tire Market
Covid-19 pandemic's decelerating impacts in Qatar had an influence on both the automobile and tyre industries, having a double-edged effect on both sectors. The leading market actors confronted a number of first-time challenges, particularly with regard to the manufacturing, importation, and distribution of tyres around the country, even though the government enforced stringent mobility restrictions and periodic lockdowns to stem the spread of this deadly disease. The market was unable to grow due to a number of important problems, such as supply chain disruptions that caused raw materials to become unavailable, delays in the delivery of goods that had already been created, changes in the cost of raw materials and completed goods, and project cancellations.
Key Target Audience:
- Automobile Manufacturers
- Automotive Parts Distributors
- Automotive Service Centers
- Fleet Owners and Operators
- Import, Export Authorities
- Logistics, Supply Chain Professionals
- Tire Retailers and Dealers
- Tire Manufacturers and Suppliers
- Others
Our in-depth analysis of the Qatar Tire Market includes the following segments:
| By Vehicle Type: |
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| By Demand Category: |
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| By Tire Type: |
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| By Rim Size: |
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Key Topics Covered in the Report:
- Qatar Tire Market Size (FY’2023-FY’2033)
- Overview of Qatar Tire Market
- Segmentation of Qatar Tire Market By Vehicle Type (Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Off the Road, Passenger Cars, Two Wheelers)
- Segmentation of Qatar Tire Market By Demand Category (OEM, Replacement)
- Segmentation of Qatar Tire Market By Tire Type (Bias, Radial)
- Segmentation of Qatar Tire Market By Rim Size (Up to 12, 12.1†to 15â€, 15.1.†to 18â€, 18.1†to 20â€, 20.1†to 22.5â€, 22.6†to 26â€, 26.1†to 35â€, 35.1†to 47â€, Above 47â€)
- Statistical Snap of Qatar Tire Market
- Expansion Analysis of Qatar Tire Market
- Problems and Obstacles in Qatar Tire Market
- Competitive Landscape in the Qatar Tire Market
- Impact of COVID-19 and Demonetization on Qatar Tire Market
- Details on Current Investment in Qatar Tire Market
- Competitive Analysis of Qatar Tire Market
- Prominent Players in the Qatar Tire Market
- SWOT Analysis of Qatar Tire Market
- Qatar Tire 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 Qatar Tire 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. Qatar Tire Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Qatar Tire Market
7. Qatar Tire Market, By Vehicle Type (USD Million)
7.1. Qatar Tire Market Value Share and Forecast, By Vehicle Type, 2023-2037.2. Light Commercial Vehicles7.2.1. Light Buses7.2.2. Light Trucks7.2.3. Pickup Trucks & Vans7.3. Medium & Heavy Commercial Vehicles7.3.1. Bus7.3.2. Truck7.4. Off the Road7.4.1. Earthmoving Equipment7.4.2. Industrial & Mining Equipment7.4.3. Material Handling Equipment7.5. Passenger Cars7.5.1. Hatchback & Bakkies7.5.2. Sedan7.5.3. SUV7.6. Two Wheelers7.6.1. Moped7.6.2. Motorcycles7.6.3. Scooters
8. Qatar Tire Market, By Demand Category (USD Million)
8.1. Qatar Tire Market Value Share and Forecast, By Demand Category, 2023-20338.2. OEM8.3. Replacement
9. Qatar Tire Market, By Tire Type (USD Million)
9.1. Qatar Tire Market Value Share and Forecast, By Tire Type, 2023-20339.2. Bias9.3. Radial9.3.1. Tube9.3.2. Tubeless
10. Qatar Tire Market, By Rim Size (USD Million)
10.1. Qatar Tire Market Value Share and Forecast, By Rim Size, 2023-203310.2. Up to 1210.3. 12.1†to 15â€10.4. 15.1.†to 18â€10.5. 18.1†to 20â€10.6. 20.1†to 22.5â€10.7. 22.6†to 26â€10.8. 26.1†to 35â€10.9. 35.1†to 47â€10.10. Above 47â€
11. Qatar Tire Market Forecast, 2019-2033 (USD Million)
11.1. Qatar Tire Market Size and Market Share
12. Qatar Tire Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Qatar Tire Market Size and Market Share By Vehicle Type (2019-2026)12.2. Qatar Tire Market Size and Market Share By Vehicle Type (2027-2033)
13. Qatar Tire Market, By Demand Category, 2019-2033 (USD Million)
13.1. Qatar Tire Market Size and Market Share By Demand Category (2019-2026)13.2. Qatar Tire Market Size and Market Share By Demand Category (2027-2033)
14. Qatar Tire Market, By Tire Type, 2019-2033 (USD Million)
14.1. Qatar Tire Market Size and Market Share By Tire Type (2019-2026)14.2. Qatar Tire Market Size and Market Share By Tire Type (2027-2033)
15. Qatar Tire Market, By Rim Size, 2019-2033 (USD Million)
15.1. Qatar Tire Market Size and Market Share By Rim Size (2019-2026)15.2. Qatar Tire Market Size and Market Share By Rim Size (2027-2033)
16. Qatar Tire Market, By Region, 2019-2033 (USD Million)
16.1. Qatar Tire Market Size and Market Share By Region (2019-2026)16.2. Qatar Tire Market Size and Market Share By Region (2027-2033)16.3. Ad Dawhah16.4. AI Khor16.5. AI Rayyan16.6. AI Wakrah
17. Company Profile
17.1. Apollo Tyres Ltd.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Bridgestone Corporation17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Continental AG17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Goodyear Tires17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Hankook Tire Co. Ltd.17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Michelin AIM FZE17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Pirelli Tyre (Suisse) SA Middle East Branch17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. TOYO Tire & Rubber Co., Ltd.17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Yokohama Ali Bin Khalifa Al Hitmi & Co.17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. 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
Qatar Tire Market is projected to reach USD 2.26 billion by 2033, growing at a CAGR of 6.35% during the forecast period.
Qatar Tire Market grew in market size from 2023. The Market is expected to reach USD 2.26 billion by 2033, at a CAGR of 6.35% during the forecast period.
Qatar Tire Market CAGR of 6.35% during the forecast period.
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Qatar Tire Market size is USD 2.26 billion from 2023 to 2033.
Qatar Tire Market Segment is Covered By Vehicle Type, By Demand Category, By Tire Type, By Rim Size
The Middle East region is anticipated to have the highest market share in Qatar Tire Market.
The key players in the market include Companies Covered Apollo Tyres Ltd., Bridgestone Corporation, Continental AG, Goodyear Tires, Hankook Tire Co. Ltd., Michelin AIM FZE, Pirelli Tyre (Suisse) SA Middle East Branch, TOYO Tire & Rubber Co., Ltd., Yokohama Ali Bin Khalifa Al Hitmi & Co., Others
Qatar Tire Market, including market size and trends, product mix, Applications, and supplier analysis. A tyre surrounds the rim of the wheel to transfer the weight of the vehicle from the axle through the wheel to the ground and to give traction on the surface the wheel travels over.
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