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GCC Tire Market Price Trends, Size, Share, Report And Forecast 2017-2022

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To know more about market, click here: The GCC tire market has witnessed a healthy growth over the past few years. Some of the major driving factors include infrastructural developments, lack of tire manufacturing facilities, rising disposable incomes and the booming tourism sector. Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Website: Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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Title: GCC Tire Market Price Trends, Size, Share, Report And Forecast 2017-2022


1
GCC Tire Market Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2017-2022
Copyright IMARC. All Rights Reserved
2
About IMARC Group
IMARC is a leading advisor on 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. IMARCs 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
companys expertise. IMARCs tailored approach
combines unfathomable insight into the dynamics
of companies and markets with close cooperation
at all levels of the client organization. This
ensures that our clients achieve unmatchable
competitive advantage, build more proficient
organizations, and secure lasting results.
3
Report Description and Highlights
  • GCC Tire Market Boosted by the Booming Tourism
    Sector
  • The GCC tire market has witnessed a healthy
    growth over the past few years. Some of the major
    driving factors include infrastructural
    developments, lack of tire manufacturing
    facilities, rising disposable incomes and the
    booming tourism sector.
  • IMARC Groups latest report, titled GCC Tire
    Market Industry Trends, Share, Size, Growth,
    Opportunity and Forecast 2017-2022, finds that
    the GCC tire market reached a volume of nearly 40
    Million Units in 2016, growing at a CAGR of
    nearly 6 during 2009-2016. In the GCC countries,
    the majority of the consumers contribute to the
    sales of used vehicles while a small section
    prefers new vehicles. This has resulted in an
    increased demand for tires, particularly
    replacement tires, for the used cars. Apart from
    this, there has also been a trend of vehicle
    customisation among the consumers according to
    their personal tastes and preferences.
  • Highlights of the GCC Tire Market
  • Growing investments in the construction sector
    and increasing per capita GDP in the region act
    as the primary growth-inducing drivers.
  • On the basis of product type, the market is
    segmented into OEM and replacement tires.
  • Saudi Arabia holds the majority of the total
    share, representing the largest market.

4
Report Description and Highlights
Growing investments in the construction sector
and the rising use of vehicles for mining and
industrial purposes have resulted in an
increased demand for vehicles in the GCC region,
which in turn, is stimulating the growth of the
tire market. In addition, in rich countries like
Saudi Arabia and Qatar, the expansion of vehicle
fleet size has been witnessed along with the
adoption of new tire technologies that are being
offered by premium tire brands. Moreover, on
account of hot climatic conditions in the region,
the lifespan of replacement tires is shorter
which leads to an increased consumption of tires
by the consumers. Further, due to the lack of
tire manufacturing facilities, the demand for
tires is addressed mainly through imports which
is beneficial for the entry of new manufacturers
in the market. Increasing vehicle motorization
rate, booming tourism sector and increasing per
capita GDP are some of the other factors driving
the growth of the tire market in the GCC region.
According to the report, the market is further
2022.
expected to reach a volume of around 55 Million Un
its by
Based on type, the market is segmented into OEM
and replacement tires. The market has also been
segmented on the basis of application, which
include passenger vehicles, light commercial
vehicles, and heavy commercial vehicles.
Region-wise, Saudi Arabia represents the largest
market for tires, accounting for the majority of
the total share in the GCC region. The other
major markets include UAE, Kuwait, Qatar,
Bahrain and Oman. Some of the key players
operating in the market are Bridgestone,
Michelin, Continental, Goodyear and
Yokohama. Request Sample of the Report
http//www.imarcgroup.com/request?typereportid8
15flagB
5
Report Description and Highlights
  • The report has examined the GCC tire market on
    the basis of Product Type
  • OEM
  • Replacements
  • Application
  • Passenger vehicles
  • Light commercial vehicles
  • Heavy commercial vehicles
  • Region
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman

6
Report Description and Highlights
  • Major Manufacturers
  • Bridgestone
  • Michelin
  • Continental
  • Goodyear
  • Yokohama
  • Read Full Report _at_ http//www.imarcgroup.com/gcc-t
    ire-market
  • Find more related reports on chemical and
    materials industry http//www.imarcgroup.com/cat
    egories/chemicals-market-reports

7
Report Description and Highlights
2017 IMARC All Rights Reserved This
Publication and all its contents unless
otherwise mentioned are copyrighted in the name
of International Market Analysis Research and
Consulting (IMARC). No part of this publication
may be reproduced, repackaged, redistributed or
resold in whole or in any part. The publication
may also not be used in any form or by and means
graphic electronic or mechanical, including
photocopying, recording, taping or by
information storage or retrieval, or by any other
form, without the express consent of
International Market Analysis Research and
Consulting (IMARC). Disclaimer All contents and
data of this publication, including forecasts,
data analysis and opinion have been based on
information and sources believed to be accurate
and reliable at the time of publishing.
International Market Analysis Research and
Consulting makes no representation of warranty of
any kind as to the accuracy or completeness of
any Information provided. IMARC accepts no
liability whatsoever for any loss or damage
resulting from opinion, errors or inaccuracies if
any found this publication. IMARC, IMARC Group
and Global Therapy Insight Series are registered
trademarks of International Market Analysis
Research and Consulting. All other trademarks
used in this publication are registered
trademarks of their respective companies.
8
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