KSA Tire Market Value set to reach US$ 2,123 Mn in 2016; Robust Sales of Four-Wheeler Vehicles will continue to Fuel Demand | Bridgestone Group,Michelin Group,Goodyear tire & Rubber Company,Hankook Tire,Cooper tire & rubber,Apollo tyres

Persistence Market Research (PMR) offers a ten-year forecast of the Kingdom of Saudi Arabia (KSA) tire market between 2016 and 2026. The report defines 2015 as the base year and provides data for the following 10 years. In terms of market value, the KSA tire market is expected to register a CAGR of 10.8% during the forecast period.
This research report provides a detailed analysis of the KSA tire market while identifying the factors contributing to the growth of the market across the key province. This study offers insights into the market dynamics and trends of various regional markets that are influencing the current nature and future dynamics of the KSA tire market during the forecast period.

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Tire market in Saudi Arabia is growing rapidly, owing to Increase in a number of per capita vehicle in the Kingdom. As per Persistence Market Research analysis revenue from Saudi Arabia, tire market is expected to grow 3.2X by 2026 compared to that in 2016. Growth is primarily driven by the increasing demand coming from the four wheeler vehicle tire segment. The company forecasts the four wheeler vehicle tire segment market to grow at a strong CAGR during the 10 year forecast period of 2016 through 2026.

Based on vehicle type, the four wheeler vehicle tire segment is estimated to account for more than 60% volume share of the overall KSA market by 2016 end, which is expected to increase further by the end of 2026. The KSA tire market volume, by the four wheeler vehicle tire type segment, is forecasted to grow at a double digit CAGR for the period of 2016 through 2026.

Amongst the four-wheeler tire segment, the Passenger car tire segment is projected to be the most prominent sub-segment over the forecast period as a result of growing light truck & passenger car demands in the Kingdom. As per Persistence Market Research analysis, the passenger car vehicle tire segment which accounts for more than half of KSA vehicle tire segment is anticipated to grow at a CAGR which is estimated to be over 2% higher than the CAGR of commercial car segment, during the forecast period. According to the study, a growth in the replacement demand for four-wheeler tire segment is observed, indicated by the growth in the import of light truck & passenger cars in the Kingdom at a CAGR of about 8% from 2011 through 2015.

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Report covers in-depth analysis on the following key segments:

• By product Type
• By Vehicle type
• By Application
• By Sales
• By Province

By Product type, the market is segmented into:

• Pneumatic
• Non-Pneumatic

By Vehicle type, the market is segmented into:

• Two Wheeler
• Four Wheeler

o Passenger Car
o Commercial Car
o Others (agricultural)
• Aircraft
• Others (three wheeler)

By Application, the market is segmented into:

• On Road
• Off Road

By Region, the market is segmented into:

• East
• West
• Central
• South
• North

Table Of Content:

1. Executive Summary

2. Research Methodology

3. Assumptions and Acronyms

4. Tire Market Overview
4.1. Introduction
4.1.1. Tire Market: Definition
4.1.2. KSA Tire Market: Taxonomy
4.2. KSA Tire Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Trends
4.2.4. Opportunity
4.3. KSA Tire Market Overview
4.4. KSA Tire Market Trading Overview
4.5. KSA Tire Market Outlook
4.6. Market Trends

5. KSA Tire Market Forecast, 2016-2026
5.1. KSA Tire Market Value (US$ Mn) and Volume (‘000 units) Forecast

6. KSA Tire Market: By Product Type
6.1. KSA Tire Market Snapshot: By Product Type
6.2. KSA Tire Market Value (US$ Mn) & Volume (‘000 units) Analysis and Forecast by Product Type
6.3. KSA Tire Market Y-o-Y Growth Comparison by Product Type
6.4. KSA Tire Market Value Share and BPS Analysis by Product Type
6.5. KSA Tire Market Analysis and Forecast by Product Type
6.6. KSA Tire Market Attractive Analysis by Product Type

7. KSA Tire Market: By Vehicle Type
7.1. KSA Tire Market Snapshot: By Vehicle Type
7.2. KSA Tire Market Value (US$ Mn) & Volume (‘000 units) Analysis and Forecast by Vehicle Type
7.3. KSA Tire Market Y-o-Y Growth Comparison by Vehicle Type
7.4. KSA Tire Market Value Share and BPS Analysis by Vehicle Type
7.5. KSA Tire Market Analysis and Forecast by Vehicle Type
7.6. KSA Tire Market Attractive Analysis by Vehicle Type

8. KSA Tire Market: By Four Wheeler Vehicle Type
8.1. KSA Tire Market Snapshot: By Four wheeler Vehicle Type
8.2. KSA Tire Market Value (US$ Mn) & Volume (‘000 units) Analysis and Forecast by Four Wheeler Vehicle Type
8.3. KSA Tire Market Y-o-Y Growth Comparison, By Four Wheeler Type
8.4. KSA Tire Market Value Share and BPS Analysis by Four Wheeler Vehicle Type
8.5. KSA Tire Market Analysis and Forecast by Four Wheeler Vehicle
8.6. KSA Tire Market Attractiveness Analysis by Four Wheeler Vehicle Type

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