Tire Market in Saudi Arabia: Share, Key Trends, Industry Analysis, Growth, Forecast 2024-2032

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

𝐁𝐚𝐬𝐞 𝐘𝐞𝐚𝐫: 2023
𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐘𝐞𝐚𝐫𝐬: 2018-2023
𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐘𝐞𝐚𝐫𝐬: 2024-2032
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐢𝐧 𝟐𝟎𝟐𝟑: 22.6 Million Units
𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐢𝐧 𝟐𝟎𝟑𝟐: 25.5 Million Units
𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐚𝐭𝐞: 𝟏.𝟐𝟔% (2024-2032)

The Saudi Arabia tire market size reached 𝟐𝟐.𝟔 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐔𝐧𝐢𝐭𝐬 in 2023. Looking forward, IMARC Group expects the market to reach 𝟐𝟓.𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐔𝐧𝐢𝐭𝐬 by 2032, exhibiting a 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟏.𝟐𝟔% during 2024-2032.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/saudi-arabia-tire-market/requestsample

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The Saudi Arabia tire market is propelled by robust growth in the automotive sector, driven by rising personal vehicle ownership and significant investments in public transport infrastructure. Increasing urbanization and economic diversification efforts are contributing to a greater demand for both passenger and commercial vehicles, subsequently boosting the tire market. Along with this, the government's inclination towards industrialization is leading to the expansion of commercial fleets for logistics and transportation, necessitating durable and high-performance tires.

Additionally, the introduction of stringent regulations regarding vehicle safety and emissions is encouraging the adoption of advanced tire technologies that offer greater fuel efficiency and lower carbon footprints. Moreover, the recent establishment of local tire manufacturing facilities by global giants aims to cater to domestic demand and reduce import dependence, further invigorating the market's growth trajectory.

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 & 𝐆𝐫𝐨𝐰𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The scope of the market is extensive, covering a range of tire types including radial and bias, which are used across various vehicle segments such as passenger cars, trucks, buses, and construction equipment. The market is experiencing growth not only due to the rising vehicle sales but also because of the increasing emphasis on vehicle maintenance and the replacement of old tires with new, technologically advanced ones.

Market growth is further supported by the burgeoning construction and mining sectors that demand specialized tires for heavy-duty operations. The Saudi market is also witnessing a shift towards green tires as part of the global movement towards sustainability, which opens up new avenues for growth. This trend is aligned with the country's Vision 2030 goals of environmental responsibility and sustainable development. With these factors in play, the market is going on its upward trajectory, driven by both increased demand and technological advancements in tire manufacturing.

𝐕𝐢𝐞𝐰 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞: https://www.imarcgroup.com/saudi-arabia-tire-market

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

• Michelin Group,
• Bridgestone Corporation
• Continental AG
• Goodyear Tire and Rubber Company
• Sumitomo Corporation
• Pirelli & C. S.p.A
• Yokohama Rubber Company
• Hankook Tire and Technology
• Toyo Tire Corporation
• Kumho Tire

𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐓𝐢𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has segmented the market into the following categories:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐓𝐲𝐩𝐞:

• Radial
• Bias

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞:

• OEM
• Replacement

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞:

• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Two Wheelers
• Off-The-Road (OTR)

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐢𝐳𝐞:

• Passenger Cars
o Market Breakup by Rim Size
o Market Breakup by Tire Size
• Light Commercial Vehicles
o Market Breakup by Rim Size
o Market Breakup by Tire Size
• Medium and Heavy Commercial Vehicles
o Market Breakup by Rim Size
o Market Breakup by Tire Size
• Two Wheelers
o Market Breakup by Rim Size
o Market Breakup by Tire Size
• Off-The-Road (OTR)
o Market Breakup by Rim Size
o Market Breakup by Tire Size

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

• Offline
• Online

𝐑𝐞𝐠𝐢𝐨𝐧 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

𝐀𝐬𝐤 𝐚𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.imarcgroup.com/request?type=report&id=2182&flag=C

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 (𝟐𝟎𝟏𝟖-𝟐𝟎𝟐𝟑)
• 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• 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.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

• 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐏𝐫𝐞𝐟𝐚𝐛𝐫𝐢𝐜𝐚𝐭𝐞𝐝 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/saudi-arabia-prefabricated-buildings-market

• 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/saudi-arabia-payments-market

• 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐌𝐨𝐝𝐮𝐥𝐚𝐫 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/saudi-arabia-modular-construction-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.