Copyright © IMARC Service Pvt Ltd. All Rights Reserved Saudi Arabia Tire Market Research Report 2022-2027 Author: Elena Anderson Marketing Manager IMARC Group© 2022 IMARC All Rights Reserved
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According to the latest report by IMARC Group, titled “Saudi Arabia Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Saudi Arabia tire market size reached 21.8 Million Units in 2021.
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Tires refer to ring-shaped, pneumatic structures that are placed around the rim of a wheel. They are generally manufactured using natural and synthetic rubber, wire, polyester, silica, rayon, carbon black, steel, and a vulcanization accelerator. Tires provide a sturdy gripping surface for traction while serving as a cushion for the wheels of a moving vehicle. They transfer the vehicle’s load to the surface, reduce the impact of vibrations while driving, and absorb shocks, which improve the overall performance of the vehicle.
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Saudi Arabia Tire Market Outlook 2022-2027:
The expanding automotive sector is primarily driving the Saudi Arabia tire market. Additionally, the escalating demand for passenger and luxury vehicles, on account of the growing consumer expenditure capacities, is further stimulating the market growth. Besides this, the increasing focus on driver safety and the rising number of fatal road accidents are augmenting the need for premium quality tires that have a longer operational life, enhanced stability and reliability, high puncture resistance, etc. This, in turn, is catalyzing the market across the country. Moreover, the leading manufacturers are extensively investing in R&D activities to improve tire design and rubber quality, which is acting as another significant growth-inducing factor. Apart from this, the introduction of airless, lightweight, and biodegradable 3D printed smart concept product variants is anticipated to fuel the Saudi Arabia tire market over the forecasted period. Looking forward, IMARC Group expects the market to reach 24.7 Million Units by 2027, exhibiting a growth rate (CAGR) of 2.3% during 2022-2027.
Report TOC, Figures and Tables:
Saudi Arabia Tire Market Trends and Drivers:
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Highlights Key Market Segmentation The research report includes the following segments: 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)
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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
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Highlights Breakup by Distribution Channel: • Offline • Online Breakup by Region: • Eastern • Central • Northern • Northwest • Midwest • Southwest Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. click here: https://www.imarcgroup.com/request?type=report&id=2182&flag=C
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Competitive Landscape: • Michelin • Bridgestone • Continental • Goodyear • Sumitomo • Pirelli • Yokohama • Hankook • Toyo • Kumho
9. What are the key driving factors and challenges in the Saudi Arabia tire industry?
8. What are the various stages in the value chain of the Saudi Arabia tire industry?
11. What is the degree of competition in the Saudi Arabia tire industry?
3. What are the key product types in the Saudi Arabia tire industry?
5. What are the key vehicle types in the Saudi Arabia tire industry?
4. What are the key end-use segments in the Saudi Arabia tire industry?
2. What has been the impact of COVID-19 on the Saudi Arabia tire market?
10. What is the structure of the Saudi Arabia tire industry and who are the key players?
1. How has the Saudi Arabia tire market performed so far and how will it perform in the coming years?
Report Description Key Questions Answered in the Report
7. What are the key regional markets in the Saudi Arabia tire industry?
6. What are the key distribution channels in the Saudi Arabia tire industry?
12. What are the profit margins in the Saudi Arabia tire industry?
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1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources. 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends
Report Description of Contents
Contents 5 Saudi Arabia Tire Industry 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Radial 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Bias 6.2.1 Market Trends 6.2.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/saudi-arabia-tire-market/toc
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