Saudi Arabia Tire Market Trends, Drivers, Growth Opportunities, Challenges, and Investment Opportunities

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The Saudi Arabia tire market grew at a CAGR of around 7% during 2014-2019. The Saudi Arabia tire industry is primarily import-oriented, with Chinese tire brands having a substantial presence due to their affordability and easy availability. Nevertheless, the flagship labels have gained traction in the last few years owing to the high-quality assurance and prolonged lifecycle of the goods. A massive surge in Saudi Arabia automotive industry due to a rising consumer base has substantially contributed to the market growth. 

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In recent times, the growing number of women drivers due to the changing driving rights in the country have led to expanding vehicle fleet.   Furthermore, the rising consumer living standards have increased per capita expenditures on luxury car components, thereby driving the market growth. Moreover, the increasing penetration of international tire brands in the country has further propelled the introduction of newer and advanced products. Besides this, a growing number of strategic partnerships and collaborations with international tire manufacturing companies have also led to product premiumization. Additionally, the inflating infrastructural development, along with rising demand for replacement tires, is anticipated to aggravate the growth of the Saudi Arabia Tire Market.

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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-Wheeler
  • Off-The-Road (OTR)

Breakup by Size:

  • Passenger Cars
    • Market Breakup by Rim Size
    • Market Break 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 Regions:

  • Eastern 
  • Central
  • Northern
  • Northwest
  • Midwest
  • Southwest

Browse Related Report

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https://www.imarcgroup.com/paper-bags-market

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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