Saudi Arabia Tire Market Analysis 2024 Size 22.9M Units, CAGR 1.21% Forecast 2025-2033

Saudi Arabia Tire Market Overview

Market Size in 2024: 22.9 Million Units

Market Size in 2033: 25.6 Million Units

Market Growth Rate 2025-2033: 1.21%

According to IMARC Group's latest research publication, "Saudi Arabia Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia tire market size was valued at 22.9 Million Units in 2024. Looking forward, IMARC Group estimates the market to reach 25.6 Million Units by 2033, exhibiting a CAGR of 1.21% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Tire Market

Smart Tire Manufacturing: AI-driven production systems optimize tire manufacturing processes, reducing defects by 30% and improving quality control in Saudi Arabia's emerging tire production facilities.
Predictive Maintenance Solutions: AI-powered tire monitoring systems enable fleet operators to predict tire wear patterns and optimize replacement schedules, reducing operational costs by up to 25% for logistics companies.
Enhanced Design Innovation: Machine learning algorithms analyze driving conditions and climate data to develop tires specifically optimized for Saudi Arabia's harsh desert conditions and high-temperature environments.
Automated Quality Testing: AI-integrated quality control systems ensure premium tire standards in local manufacturing facilities, supporting Saudi Arabia's goal to capture 15% of the domestic market through local production.
Supply Chain Optimization: AI analytics streamline tire distribution networks across Saudi Arabia's vast geography, improving inventory management and reducing delivery times from warehouses to retail outlets.

Grab a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-tire-market/requestsample

Saudi Arabia Tire Market Trends & Drivers:

Saudi Arabia's tire market is experiencing steady growth driven by record-breaking vehicle sales, with over 1 million newly registered vehicles in 2024 for the first time in the country's history. This surge in vehicle ownership, supported by high income levels and improved road infrastructure, is creating unprecedented demand for both original equipment (OEM) and replacement tires. The market is predominantly import-driven, with Saudi Arabia currently importing over 30 million tire units annually from China, Japan, South Korea, and Thailand, highlighting the significant opportunity for local manufacturing initiatives under Vision 2030's diversification strategy.

The expansion of Saudi Arabia's transportation and logistics sectors is significantly boosting tire demand, with the logistics market valued at USD 52.7 billion in 2024. The growing e-commerce sector, industrial development, and infrastructure projects are increasing the fleet of trucks, vans, and heavy-duty vehicles, leading to higher tire wear and frequent replacements. Fleet operators and logistics companies are investing heavily in tire maintenance to ensure operational efficiency, particularly for long-distance transportation across the Kingdom's vast geography.

Tourism growth is creating additional momentum for the tire market, with Saudi Arabia welcoming 116 million domestic and inbound tourists in 2024, representing a 6% increase from 2023. This tourism boom, driven by Vision 2030 initiatives, is increasing demand for car rentals, tour buses, and private vehicle usage, resulting in higher tire consumption and more frequent replacements. The harsh climatic conditions and long travel distances characteristic of Saudi Arabia lead to accelerated tire wear, while the increasing popularity of SUVs and off-road driving is creating demand for specialized, high-performance tires capable of handling extreme conditions and rugged terrains.

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

Breakup by Distribution Channel:

●Offline
●Online

Breakup by Region:

Saudi Arabia Tire Market By Region

​●Northern and Central Region
●Western Region
●Eastern Region
●Southern Region

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being 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 and Kumho Tire.

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=2182&flag=E

Recent News and Developments in Saudi Arabia Tire Market

March 2024: Kumho Tire signed a groundbreaking 20-year technology licensing agreement with Blatco, a Saudi Arabia-based tire company, to provide passenger car tire production technology and establish the first major tire manufacturing facility in the MENA region.
November 2024: Blatco partnered with Golden Star Rubber to build the Middle East's largest tire manufacturing plant in Yanbu, Saudi Arabia, with a planned investment of USD 1.5 billion and capacity to produce 15 million tire units annually.
February 2025: Blatco appointed construction consultants for its mega-scale tire factory project in Yanbu, marking a significant milestone toward achieving Saudi Arabia's goal of reducing tire import dependency and capturing 15% of the domestic market by 2026.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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.

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: +1-201971-6302

This release was published on openPR.