GCC Tire Market Size, Trends, Leading Players, Industry Insights, Regional Analysis and Forecast 2023-2028

According to IMARC Group's latest report, titled "𝐆𝐂𝐂 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", The GCC tire market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.39% during 2023-2028.

A tire represents a ring-shaped, circular automotive component that consists of the wheel rim and is filled with compressed air. It is manufactured using wire, silica, carbon black, natural or synthetic rubber, steel, and other compounds. A tire is commonly available in various sizes and variants depending on the type of automobile. It transfers the weight of the car from the axle to the ground and provides stability to the vehicle by improving shock absorption and reducing vibrations. In addition, a tire also improves mileage and passenger safety, increases the performance of the car, and reduces wear and tear.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/gcc-tire-market/requestsample

GCC Tire Market Trends:

The escalating demand for secondhand vehicles in countries, such as India, China, Indonesia, Malaysia, etc., and the rising sales of passenger, luxury, and electric vehicles (EVs), owing to the inflating purchasing power of individuals and the emerging trend of urbanization, are among the primary factors driving the GCC tire market. Besides this, the increasing number of investments in the development of infrastructure projects, including roads, bridges, and tunnels, have been able to improve the connectivity across the region, which are further augmenting the market growth. Moreover, the growing popularity of next-generation and high-performance tires for luxury and premium cars, the expanding fleet size, and the elevating automobile production are also catalyzing the market across GCC. Apart from this, the extensive usage of light and heavy commercial vehicles in logistics and construction activities is acting as another significant growth-inducing factor. Furthermore, the launch of eco-friendly, lightweight, and airless three-dimensional (3D) printed variants by the leading manufacturers is anticipated to propel the GCC tire market over the forecasted period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:https://www.imarcgroup.com/request?type=report&id=815&flag=F

GCC Tire Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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

Key Market Segmentation:

The report has segmented the GCC tire market on the basis of design, end-use, vehicle type, distribution channel and country.

Breakup by Design:
• Radial
• Bias

Breakup by End-Use:
• OEM Market
• Replacement Market

Breakup by Vehicle Type:
• Passenger Cars
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size

• Light Commercial Vehicles
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size

• Medium and Heavy Commercial Vehicles
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size

• Two Wheelers
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size

Three Wheelers
 Market Breakup by Rim Size
 Market Breakup by Tire Size
 Price Ranges by Rim Size

• Off-The-Road (OTR)
o Market Breakup by Rim Size
o Market Breakup by Tire Size
o Price Ranges by Rim Size

Breakup by Distribution Channel:

• Offline
• Online

Breakup by Country:

• Saudi Arabia
• UAE
• Others
o Kuwait
o Qatar
o Bahrain
o Oman

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=815&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

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

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.