Saudi Arabia Tyre Market Forecast and Opportunities, 2019

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Saudi Arabia Tyre Market Forecast and
Opportunities, 2019
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Summary
Saudi Arabia has one of the highest number of per
capita vehicles, globally. In 2013, about 0.74
million units of commercial vehicles and
passenger cars were sold in the Kingdom. Saudi
Arabia hugely lacks in terms of vehicle
production as only a handful automobile assembly
units are located across the country. As a
result, the entire domestic demand for
automobiles as well as tyres is met solely
through imports. However, expanding growth
potential in the automobile sector is attracting
several vehicle manufacturers to Saudi Arabia.
Japanese car maker Isuzu has constructed a
production facility in Dammam Industrial City 2
and plans to manufacture about 25,000 light
trucks and heavy duty trucks by 2017, primarily
to address swelling domestic as well as exports
demand from the MENA region. This is expected to
considerably boost OEM tyre sales in the country
over the next five years.
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According to Saudi Arabia Tyre Market Forecast
Opportunities, 2019, the tyre market in Saudi
Arabia is forecast to grow at a CAGR of around
17 till 2019. Increasing passenger car sales,
expanding automobile fleet size, favorable
government policies and significant foreign
investments in the automotive sector are some of
the key factors propelling tyre demand in Saudi
Arabia. Due to extreme weather conditions,
replacement period for tyres is relatively
shorter, which is also a major reason for
increasing replacement tyre sales in the Kingdom.
Passenger car tyre is the most dominating segment
in the Saudi Arabia tyre market, followed by
commercial vehicle tyre and other vehicle tyre
segments. The Kingdoms Western and Central
regions, comprising Riyadh, Mecca and Madinah,
collectively account for around 57 of the total
tyre sales in Saudi Arabia. Besides major Chinese
brands, some leading tyre manufacturers like
Bridgestone, Michelin, Continental, Goodyear and
Yokohama have established themselves as key
players in the Saudi Arabia tyre market.
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Saudi Arabia Tyre Market Forecast
Opportunities, 2019 discusses following aspects
of the tyre market in Saudi Arabia Saudi
Arabia Tyre Market Size, Share Forecast
Segmental Analysis Passenger Car Tyres,
Commercial Vehicle Tyres, Other Tyres Policy
Regulatory Environment Changing Market
Dynamics Emerging Opportunities Competitive
Landscape Strategic Recommendations
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Why You Should Buy This Report? To gain an
in-depth understanding of tyre market in Saudi
Arabia To identify the on-going trends and
segment wise anticipated growth in the coming
years To help industry consultants, tyre
companies and other stakeholders to align their
market-centric strategies To gain in-depth
understanding of market dynamics, import-export,
trends and opportunities To obtain research
based business decision and add weight to
presentations and marketing materials. To gain
competitive knowledge of leading players To
avail 10 customization in the report without any
extra charges and get the research data or trends
added in the report as per the buyers specific
needs
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Table of Contents

1. Research Methodology
2. Market Overview
3. Analyst View
4. Saudi Arabia Tyre Market Outlook Forecast
5. Passenger Car Tyre Market Outlook Forecast
6. Commercial Vehicle Tyre Market Outlook Forecast
7. Other Tyre Market Outlook Forecast
8. Saudi Arabia Tyre Market Trade Analysis
9. Saudi Arabia Tyre Market Dynamics
10. Policy Regulatory Landscape

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To view the full Executive Summary and Table of
Contents, please visit Saudi Arabia Tyre
Market Forecast and Opportunities, 2019 Contact
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