UAE Tire Market Overview
According to SPER Market Research, the UAE Tire Market is estimated to reach USD 0.98 billion by 2033 with a CAGR 11.24%.
A tire is made of rubber and comprises of a compressed air cushion that fits around the wheel. Its major function is to protect the rim of the wheel while also providing tractive force between the vehicle and the road surface. Tyres also provide a flexible cushion that dampens vibrations and absorbs vehicle shock. The tire market refers to the global industry that encompasses the manufacturing, distribution, and sale of tires for various vehicles, including cars, motorcycles, trucks, buses, and off-road vehicles.
Exploring the Growth Drivers of the UAE Tire Industry
The growth of the tire market in the UAE is primarily fuelled by several factors. Firstly, the increasing vehicle sales can be attributed to the rising per capita income, improving living standards, and the status symbol associated with vehicle ownership. The country has witnessed a surge in the number of private vehicle owners, including a significant rise in the number of female drivers. These trends contribute to the growing demand for tires in the market. Furthermore, favourable government initiatives and strict regulations regarding tire safety also play a significant role in driving market growth. The government's focus on ensuring road safety and promoting responsible driving practices creates a conducive environment for the tire market to thrive.
What challenges does the UAE Tire Market face?
The concerns about the environmental impact of rubber tires is one of the challenge facing by the tire market in UAE. Rubber, the primary material used in tyre manufacturing, is a significant contribution to environmental degradation. As a result, the UAE government has imposed rigorous regulations to mitigate the negative impacts. When tyres are burned, they emit toxic acid fumes and leave an oily residue. Furthermore, these fires are not extinguishable and may burn for several weeks. As a result, the large tyre production and waste disposal of rubber tyres may limit the growth of the UAE Tyre Market in the coming years.
In what ways has the COVID-19 pandemic affected UAE Tire Market?
The Covid-19 pandemic in 2020 had a negative impact on various industries in the UAE, including the tire industry. With the imposition of stringent movement restrictions, travel bans, and nationwide lockdown by the UAE government, the tire market faced a number of challenges, including disruptions in the raw material supply chain, labour shortages, increased demand-supply gaps, delivery delays and cancellations, manufacturing unit shutdowns, and so on. As a result, the top businesses in the UAE tire market suffered enormous financial losses.
Furthermore, certain building projects remained operating during the crisis, resulting in a large increase in demand for heavy truck tyres. However, restricted transportation and logistics made fulfilling the targets difficult. However, as Covid-19 cases decreased, the government relaxed the restrictions and let market operations to resume. As a result, the top players improved their production capacity to satisfy the increasing tyre demand across the country, while also introducing new product lines to increase their visibility and contribute to the market's normal growth rate.
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 Type of Vehicle, By Type of Tire, By Rim Diameter, By Sales Channel, By End User
|
Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
|
Companies Covered | Michelin, Goodyear Tire and Rubber Company, Dunlop Tyres, Continental AG, Bridgestone Corporation, Pirelli & C. S.p.A., Yokohama Rubber Company, Cooper Tire and Rubber Company, Hankook Tire & Technology, Firestone Tire and Rubber Company, Others.
|
Key Target Audience:
- Commercial Vehicle Owners
- Distributors
- Fleet Operators
- Suppliers
- Tire manufacturers
- Others
UAE Tire Market Segmentation:
1. By Type of Vehicle:
- UAE Tire Market Value Share and Forecast, By Type of Vehicle, 2023-2033
- Light Commercial Vehicle
- Medium and Heavy Commercial Vehicles
- Off the Road (OTR)
- Passenger Car
- Two Wheelers
2. By Type of Tire:
- UAE Tire Market Value Share and Forecast, By Type of Tire, 2023-2033
- Bias
- Radial
3. By Rim Diameter:
- UAE Tire Market Value Share and Forecast, By Rim Diameter, 2023-2033
- Upto 12â€
- 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€
4. By Sales Channel:
- UAE Tire Market Value Share and Forecast, By Sales Channel, 2023-2033
- Dealer/Exclusive Outlets
- Online
- Others
5. By Region:
- Eastern Region
- Northern Region
- Southern Region
- Western Region
Key Topics Covered in the Report:
- UAE Tire Market Size (FY’2023-FY’2033)
- Overview of UAE Tire Market
- Segmentation of UAE Tire Market By Type of Vehicle (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road, Two Wheelers)
- Segmentation of UAE Tire Market By Type of Tire (Radial, Bias)
- Segmentation of UAE Tire Market By Rim Diameter (Upto 12â€, 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€)
- Segmentation of UAE Tire Market By Sales Channel (Dealer/Exclusive Outlets, Online, Others)
- Segmentation of UAE Tire Market By End User (OEM, Replacements)
- Statistical Snap of UAE Tire Market
- Growth Analysis of UAE Tire Market
- Problems and Challenges in UAE Tire Market
- Competitive Landscape in the UAE Tire Market
- Impact of COVID-19 and Demonetization on UAE Tire Market
- Details on Recent Investment in UAE Tire Market
- Competitive Analysis of UAE Tire Market
- Key Players in the UAE Tire Market
- SWOT Analysis of UAE Tire Market
- UAE Tire Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the UAE Tire Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. UAE Tire Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in UAE Tire Market
7. UAE Tire Market, By Type of Vehicle (USD Million)
7.1. UAE Tire Market Value Share and Forecast, By Type of Vehicle, 2023-2033
7.2. Light Commercial Vehicle
7.3. Medium and Heavy Commercial Vehicles
7.4. Off the Road (OTR)
7.5. Passenger Car
7.6. Two Wheelers
8. UAE Tire Market, By Type of Tire (USD Million)
8.1. UAE Tire Market Value Share and Forecast, By Type of Tire, 2023-2033
8.2. Bias
8.3. Radial
9. UAE Tire Market, By Rim Diameter (USD Million)
9.1. UAE Tire Market Value Share and Forecast, By Rim Diameter, 2023-2033
9.2. Upto 12â€
9.3. 12.1†to 15â€
9.4. 15.1.†to 18â€
9.5. 18.1†to 20â€
9.6. 20.1†to 22.5â€
9.7. 22.6†to 26â€
9.8. 26.1†to 35â€
9.9. 35.1†to 47â€
9.10. Above 47â€
10. UAE Tire Market, By Sales Channel (USD Million)
10.1. UAE Tire Market Value Share and Forecast, By Sales Channel, 2023-2033
10.2. Dealer/Exclusive Outlets
10.3. Online
10.4. Others
11. UAE Tire Market, By End User (USD Million)
11.1. UAE Tire Market Value Share and Forecast, By Type of Tire, 2023-2033
11.2. OEM
11.3. Replacements
12. UAE Tire Market Forecast, 2019-2033 (USD Million)
12.1. UAE Tire Market Size and Market Share
13. UAE Tire Market, By Type of Vehicle, 2019-2033 (USD Million)
13.1. UAE Tire Market Size and Market Share By Type of Vehicle (2019-2026)
13.2. UAE Tire Market Size and Market Share By Type of Vehicle (2027-2033)
14. UAE Tire Market, By Type of Tire, 2019-2033 (USD Million)
14.1. UAE Tire Market Size and Market Share By Type of Tire (2019-2026)
14.2. UAE Tire Market Size and Market Share By Type of Tire (2027-2033)
15. UAE Tire Market, By Rim Diameter, 2019-2033 (USD Million)
15.1. UAE Tire Market Size and Market Share By Rim Diameter (2019-2026)
15.2. UAE Tire Market Size and Market Share By Rim Diameter (2027-2033)
16. UAE Tire Market, By Sales Channel, 2019-2033 (USD Million)
16.1. UAE Tire Market Size and Market Share By Sales Channel (2019-2026)
16.2. UAE Tire Market Size and Market Share By Sales Channel (2027-2033)
17. UAE Tire Market, By End User, 2019-2033 (USD Million)
17.1. UAE Tire Market Size and Market Share By End User (2019-2026)
17.2. UAE Tire Market Size and Market Share By End User (2027-2033)
18. UAE Tire Market, By Region, 2019-2033 (USD Million)
18.1. UAE Tire Market Size and Market Share by Region (2019-2026)
18.2. UAE Tire Market Size and Market Share by Region (2027-2033)
18.3. Eastern Region
18.4. Northern Region
18.5. Southern Region
18.6. Western Region
19. Company Profile
19.1. Bridgestone Corporation
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Cooper Tire and Rubber Company
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Dunlop Tyres
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Firestone Tire and Rubber Company
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Goodyear Tire and Rubber Company
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Hankook Tire & Technology
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Michelin
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Pirelli & C. S.p.A.
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Yokohama Rubber Company
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope