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The Middle East and African tyre market is a rapidly developing market. As the economies in the region are rapidly growing and infrastructure development is taking place throughout the region; the Middle East and Africa tyre market find itself on a suitable pedestal to grow upon.This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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As per the research conducted by publisher , under the title- Middle East and Africa Tyre Market Outlook, 2026, the market is evaluated to be more than 100 Million units as of 2020 and is expected to be growing at a CAGR of more than 10% in terms of value from 2021 to 2026.
In order to assess and study the regional trends and patterns in the Middle East and Africa tyre market, the research has been approached by looking at the market through appropriate segments and classification. The segments that were made during the comprehensive evaluation of the markets were based on vehicle types, end-use demand, and the demand for tyres based on their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2 wheeler vehicles, 3 wheelers, and other vehicles including bicycles. The categorization based on end-use demand includes demand for replacement tyres and OEM demand for tyres. Based on design types, the tyre market is segmented as radial tyres and bias-ply tyres. To have a broader understanding of the landscape of the tyre market in the Middle East and Africa, further segmentation has been made based on countries, and the sales channels through which the products are made available to the distributors and customers. The research report also includes profiles of some of the major tyre companies in the world, namely: Bridgestone, Michelin, Sumitomo, Goodyear, Continental, Pirelli, Cooper tires, Apollo, MRF, Hankook, and Maxxis.
The Middle East and Africa tyre market is majorly driven by Saudi Arabia contributing about 1/4th of the overall regional tyre market. UAE and Qatar contribute the least to the Middle East and Africa tyre market revenue as of 2020 by having a share in single digits. As some of the major countries in the Middle East and Africa region are characterized by having high spending capability among their residents, the growth of the tyre market is well-positioned to exploit high growth opportunities. From 2021 to 2026, the rest of the Middle East and Africa regional markets combined excluding the major economies are projected to be registering a growth rate of more than 12%. As of 2020, it was derived that about 89.56 Million units of passenger car tyres were sold in the region, making it one of the major drivers of the tyre market in the region. 3 wheeler and other tyres are expected to be the fastest-growing category during the 2021 to 2026 period, expected to grow at a CAGR of more than 10% in volume terms.
CONSIDERED IN THE REPORT
- Geography: Middle East and Africa
- Base Year: 2020
- Historical year: 2015
- Forecasted Year: 2026
COUNTRIES COVERED
- UAE
- Saudi
- Qatar
- South Africa
- Rest of the Middle East and Africa
ASPECTS COVERED IN THE REPORT
- Market Size by Value (2015-2026F)
- Market Size by Volume (2015-2026F)
- Market Share by Vehicle Type
- Market Share by End Use
- Market Share by Design
- Market Share by Sales Channel
- Market Share by Country
THIS REPORT WOULD HELP YOU ANSWER THE FOLLOWING QUESTIONS:
- What is the size of the Middle East and Africa tyre market?
- How much do different vehicle types contribute to the Middle East and Africa tyre market?
- What are the growth trends of radial tyres and bias ply tyres in Asia-Pacific?
- To what extend did Covid-19 pandemic impact the OEM and replacement demand of tyres in the Middle East and Africa region?
- What are the drivers, development and key challenges in the Asian Pacific tyre market?
Table of Contents
1. Executive Summary2. Report Methodology6. Market Trends and Developments8. Strategic Recommendations9. Disclaimer
3. Global Tyre Market Outlook
4. Middle East & Africa Tyre Market Outlook
5. Market Dynamics
7. Company Profiles
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apollo Tyres
- Bridgestone
- Continental
- Cooper Tires
- Goodyear Tyres
- Hankook Tire
- Maxxis International
- Michelin
- MRF
- Pirelli