Pakistan Tyre Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description and Highlights
Report Description
Pakistan Tyre Market Outlook 2027: According to the latest report by IMARC Group, titled "Pakistan Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Pakistan tyre market reached a value of PKR 152.2 Billion in 2021. Tyres are widely utilized in various types of automobiles. They generally comprise a bead, sidewall, inner liner and body ply that is mounted over a wheel rim to act as a cushion. These components are usually molded together that help in providing smooth transactions between the surface and the wheel. Tyres are widely utilized to support the weight of the vehicle while transmitting braking or traction force to the road surface. Additionally, they are also designed for reducing vibrations and absorbing road shocks while changing and maintaining the direction of travel. Request for a free sample: https://www.imarcgroup.com/pakistan-tyre-market/requestsample
Report Description and Highlights
Report Description
Pakistan Tyre Market Trends: The market in Pakistan is majorly driven by significant growth in the automotive sector. Moreover, the rising demand for enhanced comfort while traveling among the masses is providing a boost to the market growth. This has encouraged numerous leading players in the market to heavily invest in product innovations, which is creating a positive outlook for the market. Apart from this, the increasing population and the inflating disposable income levels of individuals across the country have led to a considerable rise in the sales of personal vehicles, which is providing an impetus to the market growth. The market is further driven by continual technological advancements and the widespread integration of advanced techniques with the manufacturing process. Other factors, including rapid urbanization, continuous improvements in the construction and agriculture infrastructure and extensive research and development (R&D) activities conducted by key players to introduce improved product variants, are further projected to drive the market growth across Pakistan.
Report Description and Highlights Report Description Market Summary: Breakup by Vehicle Type: • Two-Wheeler and Three-Wheeler • Passenger Cars and Light Truck • Heavy Commercial and OTR 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
Report Description and Highlights Report Description Breakup by Radial and Bias Tyres: • Bias • Radial Breakup by Tube and Tubeless Tyres: • Tube Tyres • Tubeless Tyres Breakup by Region: • Punjab • Sindh • Khyber Pakhtunkhwa • Balochistan On account of the aforementioned factors, the market is anticipated to reach a value of PKR 252.46 Billion by 2027.
Report Description and Highlights Report Description Competitive Landscape With Key players: • General Tyre and Rubber Co. Ltd • Panther Tyres Limited • Diamond Tyres Limited • Service Industries Limited • Ghauri Tyre and Tube Pvt. Limited View Report TOC, Figures and Tables: https://www.imarcgroup.com/pakistan-tyre-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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