Pakistan Tyre Market 2023-2028, Size, Share, Price, Demand, and Forecast

The latest report by IMARC Group, titled "Pakistan Tyre Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The Pakistan tyre market reached size reached 22.9 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 31.0 Million Units by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Pakistan Tyre Market Overview:

A tyre, a circular rubber structure, supports vehicles by providing traction and cushioning against road surfaces. It comprises layers like tread, belts, and carcass, each with a distinct role. Tread patterns vary for grip on wet or dry roads. Belts strengthen the tire and resist punctures. It offers numerous benefits to vehicles and drivers.

It provides traction, ensuring safe and effective braking, acceleration, and cornering. Tires with proper tread patterns improve grip on various road conditions, enhancing overall safety. Their cushioning properties absorb shocks and vibrations, contributing to a comfortable ride. Additionally, tires play a role in fuel efficiency, with well-inflated tires reducing rolling resistance and improving mileage.

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Pakistan Tyre Market Trends:

The market in Pakistan is majorly driven by the increasing sales of vehicles. In line with this, the rising vehicle ownership is significantly contributing to the market. Furthermore, urban expansion fuels vehicle demand, positively influencing tire sales. Apart from this, the growing infrastructure development is catalyzing the market.

Moreover, the expanding logistics and transportation industries require frequent tyre replacements, propelling the market. Besides, the increasing incentives for auto manufacturing and sales are strengthening the market. Additionally, the rising awareness of safety and tyre maintenance is providing a boost to the market.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

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

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/pakistan-tyre-market

Key Market Segmentation:

Breakup by Vehicle Type:

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

Two-wheelers and three-wheelers represent the most preferred vehicles in Pakistan.

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

Regional Insights:

• Punjab
• Sindh
• Khyber Pakhtunkhwa
• Balochistan

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This release was published on openPR.