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GCC Tire Market Growth Insight – MarkNtel Report Expected 4.8% CAGR Growth Through 2027

  • Writer: Amit Kumar
    Amit Kumar
  • Feb 16, 2024
  • 3 min read


MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on The  GCC Tire Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.


NOTE - In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2024 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


GCC Tire Market Insights 2022-2027

The GCC Tire Market is projected to grow at a CAGR of around 4.8% during the forecast period, i.e., 2022-27.



Top Players in the GCC Tire Market:

  • Hankook

  • Bridgestone

  • Goodyear

  • Michelin

  • Continental

  • Toyo

  • Kumho

  • Apollo


Segmentation Analysis of GCC Tire Market

GCC Tire Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022 to 2027, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

  • By Vehicle Type

  • Passenger Cars

  • SUV

  • Sedan

  • Hatchback & Bakkies

  • Light Commercial Vehicles (LCV)

  • Light Trucks

  • Light Buses

  • Pickup trucks & Vans

  • Medium & High Commercial Vehicles

  • Bus

  • Truck

  • Two Wheelers

  • Moped

  • Scooters

  • Motorcycles

  • Off the Road (OTR)

  • Earthmoving Equipment

  • Material Handling Equipment

  • Industrial & Mining Equipment

Based on the Vehicle Type: Here, Passenger Cars are projected to display the fastest growth in the GCC Tire Market during the forecast period. It owes principally to their growing sales due to the swiftly improving economic status, changing living standards, and a surging inclination toward private ownership of vehicles, thereby expanding the vehicle fleet and directly impacting the tire market across GCC.

Besides, better road connectivity & network across cities are also augmenting the adoption of vehicles for transportation. Moreover, favorable government policies are attracting substantial foreign manufacturers of tires to establish their manufacturing facilities across GCC and offer an extensive range of tires & vehicles to consumers.

  • By Demand Type

  • OEM

  • Replacement

  • By Type of Tire

  • Radial

  • Bias

  • By Season

  • All Season

  • Summer

  • By Rim Size

  • Upto 12

  • 1” to 15”

  • 1.” to 18”

  • 1” to 20”

  • 1” to 22.5”

  • 6” to 26”

  • 1” to 35”

  • 1” to 47”

  • Above 47”

  • By Price Category

  • Low

  • Medium

  • High



A Comprehensive Geographical Analysis:

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • Bahrain

  • Oman

Of all countries across the GCC region, the UAE is more likely to display the fastest growth in the Tire Market during 2022-27, owing principally to the mounting demand for tires due to the increasing vehicle fleet in the country. It is generating lucrative growth opportunities for the leading players to increase their production capacities & fuel the overall market growth in the coming years.



Why Choose 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.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.


Contact us:

Should you have any inquiries, our team of seasoned experts is available to help. You can contact us via phone, email, or by filling out our online contact form. Be assured that we will exert every effort to promptly attend to your query and furnish the necessary information.


Reach us:

Call: +1 628 895 8081, +91 120 4278433

Visit to know more:  www.marknteladvisors.com

 
 
 

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