Saudi Arabia Tire Market Size, Share, Growth, Opportunity and Industry Trends 2023-2028


IMARC Group has recently released a new research study titled “Saudi Arabia Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

How big is the tire market in Saudi Arabia?

The Saudi Arabia tire market size reached 22.2 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 24.9 Million Units by 2028, exhibiting a growth rate (CAGR) of 2.11% during 2023-2028.

Industry Overview: 

A tire is a flexible, circular component made from rubber that surrounds the rim of a wheel to provide traction and absorb shocks, thereby ensuring smooth and efficient vehicle movement. One of the primary characteristics of tires is their tread pattern, which is designed to provide optimal grip on various road surfaces, enhancing the safety and stability of the vehicle. Additionally, tires are reinforced with steel belts or other materials to improve their strength and durability. Another feature of tires is their sidewalls, which contain information about the tire’s size, load-carrying capacity, and speed rating.

Tires are also equipped with a valve stem that allows for inflation and deflation of the tire. The design and construction of tires vary depending on the vehicle type, driving conditions, and specific requirements of the user, such as off-road or high-performance driving.

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Saudi Arabia Tire Market Growth Factors and Trends: 

The increasing urbanization and the growth of the automotive industry are driving the expansion of the tire market in Saudi Arabia. In addition to this, technological advancements, such as the development of eco-friendly and fuel-efficient tires, are significantly contributing to the market growth. Coupled with this, the rising disposable income and the growing popularity of luxury vehicles are also fueling the market growth.

Besides this, the government’s initiatives to promote road safety and implement strict vehicle inspection regulations are boosting the market growth. Moreover, sustainability initiatives like tire recycling and the use of environmentally friendly materials in tire production are increasingly being adopted, attracting environmentally conscious consumers, thus propelling market growth.

Apart from this, government agencies and independent bodies are also stepping in to set guidelines related to tire quality, safety standards, and fair labor practices, instilling consumer confidence and fostering market integrity in Saudi Arabia.

Saudi Arabia Tire Manufactures:

  • Michelin Group
  • Bridgestone Corporation
  • Continental AG
  • Goodyear Tire and Rubber Company
  • Sumitomo Corporation
  • Pirelli & C. S.p.A
  • Yokohama Rubber Company
  • Hankook Tire and Technology
  • Toyo Tire Corporation
  • Kumho Tire

Market Segmentation:

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)

Breakup by Size:

  • Passenger Cars
  • Light Commercial Vehicles
  • Medium and Heavy Commercial Vehicles
  • Two Wheelers
  • Off-The-Road (OTR)

Breakup by Distribution Channel:

  • Offline
  • Online

Breakup by Region:

  • Eastern
  • Central
  • Northern
  • Northwest
  • Midwest
  • Southwest

Speak to Analyst:

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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