Pakistan Tyre Market Demand 2022, Industry Growth Insights, Leading Companies Share, Size, and Forecast Report By 2027

According to the latest report by IMARC Group, titled "Pakistan Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the Pakistan tyre market reached a volume of 21.6 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 29.6 Million Units by 2027, exhibiting a CAGR of 5.1% during 2022-2027. Tyres represent one of the crucial components in automobiles that aid in transferring the load of the vehicle from the axle to the ground. They comprise a sidewall, bead, inner liner, and body ply that is mounted over a wheel rim to act as a cushion. Tyres are usually manufactured by using materials, such as fabric, wire, carbon black, natural and synthetic rubber, and other chemical compounds. As they are pneumatically inflated, tyres offer a flexible cushion for absorbing shock when the vehicle travels on a rough surface. In line with this, tyres are designed to reduce vibrations and absorb road shocks while changing and maintaining the direction of travel. They are extensively utilized to support the weight of the vehicle while transmitting braking or traction force to the road surface.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Growth:

The growing vehicle ownership and the escalating demand for enhanced comfort while traveling are primarily driving the Pakistan tyre market. Additionally, continuous improvements in the construction and agriculture infrastructures are further catalyzing the market growth. Besides this, the expanding automotive sector in the country and the rising integration of advanced techniques with the manufacturing processes are acting as significant growth-inducing factors. Moreover, the increasing investments in R&D activities by leading manufacturers to develop improved tyres with longer operational life, enhanced stability and reliability, high puncture resistance, etc., are also bolstering the market growth across Pakistan. Apart from this, the inflating levels of disposable income levels are propelling the utilization of personal vehicles, which is anticipated to fuel the Pakistan tyre market over the forecasted period.

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Competitive Landscape with Key players:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• General Tyre and Rubber Co. Ltd.
• Panther Tyres Limited
• Diamond Tyres Limited
• Service Industries Limited
• Ghauri Tyre and Tube Pvt. Limited

Breakup by Vehicle Type:

• Two-Wheeler and Three-Wheeler
• Passenger Cars and Light Truck
• Heavy Commercial and OTR

Breakup by OEM and Replacement Segment:

• OEM
• Replacement

Breakup by Domestic Production and Imports:

• Domestic Production
• Imports

Breakup by Legitimate and Grey Market:

• Legitimate
• Grey

Breakup by Radial and Bias Tyres:

• Bias
• Radial

Breakup by Tube and Tubeless Tyres:

• Tube Tyres
• Tubeless Tyres

Breakup by Regions:

• Punjab
• Sindh
• Khyber Pakhtunkhwa
• Balochistan

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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