Saudi Arabia Tire Market Insights, Share & Growth Trends 2022 to 2027

The Saudi Arabia Tire Market is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of around 8% from 2022 to 2027. This growth is primarily driven by the increasing vehicle ownership, ongoing infrastructural developments, and the rising inclination of manufacturers toward digital sales platforms. This market research report provides comprehensive insights into the trends, challenges, and opportunities within the Saudi Arabia Tire Market, presenting a detailed analysis tailored for stakeholders interested in the evolving dynamics of this sector.

Scope of the Saudi Arabia Tire Market Report

This report encompasses an in-depth analysis of the Saudi Arabia Tire Market, detailing market size by value, historical data, and segmentation. The study focuses on various vehicle types, including Passenger Cars, Light Commercial Vehicles (LCVs), Medium Heavy Commercial Vehicles (MHCVs), Two Wheelers, and Off-the-Road Vehicles (OTR). Furthermore, it segments the market based on tire types (Radial and Bias), seasonality (All-Season and Summer), sales channels (Online and Dealers/Exclusive Outlets), and rim sizes. The report also covers a regional analysis, encompassing East, West, South, and Central regions of Saudi Arabia.

In case you missed it, we are currently revising our reports. Click on “Download Free Sample of the Report” text to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Segmentation of the Saudi Arabia Tire Market

By Vehicle Type:

Passenger Cars
Two Wheelers
Light Commercial Vehicles (LCVs)
Medium Heavy Commercial Vehicles (MHCVs)
Off-the-Road Vehicles (OTR)

Of all types of vehicles, passenger cars are projected to dominate the Saudi Arabia Tire Market with the largest share during 2022-27. It owes principally to the improving economic conditions greater inclination of people toward private ownership of vehicles, i.e., demonstrating rapid growth in the passenger car fleet and, consequently, mounting demand for tires.

By Type of Tire:

Radial
Bias

By Season:

All Season
Summer

By Sales Channel:

Online
Dealers/Exclusive Outlets

By Rim Size:

Up to 12”
12.1” to 15”
15.1” to 18”
18.1” to 20”
20.1” to 22.5”
22.6” to 26”
26.1” to 35”
35.1” to 47”
Above 47”

By Region:

East
West
South
Central

View Full Report - https://www.marknteladvisors.com/research-library/saudi-arabia-tire-market.html

Key Drivers Influencing the Saudi Arabia Tire Industry Growth

The Saudi Arabia Tire Market is significantly influenced by the increasing ownership of vehicles, viewed as essential rather than luxury items. Rising income levels among consumers and the perception of cars as a status symbol are contributing to a surge in vehicle sales. Additionally, the Saudi government's commitment to boosting infrastructure development as part of the Vision 2030 initiative is driving demand for commercial vehicles and their corresponding tire needs. The ongoing construction projects across the country are further propelling the requirement for durable tires, especially radial tires, which offer superior fuel efficiency and performance benefits. Furthermore, the increasing adoption of digital sales channels by tire manufacturers has simplified the buying process for consumers, enhancing tire sales in the country. Such trends present lucrative opportunities for the tire industry to thrive in the coming years.

List of Major Competitors in the Saudi Arabia Tire Market

Hankook Tire Co., Ltd.
Bridgestone Corporation
Goodyear Tire Rubber Company
Michelin Group
Continental AG
Nexen Tire
Toyo Tire and Rubber Company
Kumho Tire
Apollo Tires
Pirelli C. S.p.A.

Key Questions About the Saudi Arabia Tire Market

What is the projected market size of the Saudi Arabia Tire Market by 2027?
Which vehicle type is expected to dominate the Saudi Arabia Tire Market during the forecast period?
What are the key challenges facing tire manufacturers in the Saudi Arabia Tire Market?
How will government policies affect the growth of the Saudi Arabia Tire Market?
What innovations are major competitors introducing to capture market share in the Saudi Arabia Tire Market?

Click to Connect With Our Analyst - https://www.marknteladvisors.com/query/talk-to-our-consultant/saudi-arabia-tire-market.html

Need additional assistance?

Looking for more assistance? Connect with our experienced analysts for insights into current market trends.
Customize your report by adding specific segments and countries to meet your needs. Gain a significant competitive edge by learning how to leverage these insights to enhance your operations and boost revenue.
For further support, don’t hesitate to reach out to our analysts.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Other Report:

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

For Media Inquiries, Please Contact:

Phone: +1 628 895 8081 | +91 120 4278433

Email: [email protected]

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India