GCC Tire Market Research Report, Market Share, Size, Trends, Forecast and Analysis of Key players 2024
According to the latest report by IMARC Group, titled “GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the GCC tire market exhibited a CAGR of more than 6% during 2010-2017, reaching a volume of nearly 42 Million Units in 2017. A tire is a ring-shaped structure that covers the rim of a wheel and transfers the vehicle’s load onto the road as well as provides traction. Tires are manufactured using various materials including natural rubber, synthetic rubber, wire and fabric along with other chemical compounds like carbon black. In the GCC region, the overall sales of tires have been increasing on account of rugged terrain and hot climatic conditions which have a negative effect on the lifespan of the tires. Additionally, as the mass consumers in these countries prefer to buy used vehicles instead of new ones, it has created a steady demand for replacing old tires. Request for a free sample copy of this report: ...