• Phone: +1-631-791-1145
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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The market for tires in the GCC region was predominantly import driven, with a considerable penetration of Chinese tire brands, owing to their affordability and easy availability. However, over the past several years, the flagships brands have been gaining momentum as a result of high-quality assurance and extended life-cycle of the products they offer. Moreover, the flagships brands are employing various marketing techniques to create opportunities in the areas related to the automobile industry, such as introducing car accessories and providing F&I (finance and insurance) services.  This has contributed significantly in enhancing their profit margins. According to the latest report by IMARC Group titled, “GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the GCC tire market reached a volume of 46 Million Units in 2019, growing at a CAGR of around 6% during 2014-2019.

In the GCC countries, only a small section of consumers contributes to the sales of new vehicles, whereas, the majority of them prefer used vehicles. As a result, there is a high demand for tires, particularly replacement tire, for the used cars. This emerges as a major force behind the growth of the tire market in the region. Apart from this, many consumers also like upgrading and customising their vehicles, and change tires as per their requirements. Some of the other growth inducing factors include rising immigration rates and the establishment of local tire manufacturing facilities. Looking forward, the GCC tire market is expected to witness moderate growth during 2020-2025.

Key Market Segments:

Breakup by Design:

  • Radial
  • Bias


Breakup by End-Use:

  • OEM Market
  • Replacement Market


Breakup by Vehicle Type:

  • Passenger Cars
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Light Commercial Vehicles
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Medium and Heavy Commercial Vehicles
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Two Wheelers
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Three Wheelers
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size
  • Off-The-Road (OTR) 
    • Market Breakup by Rim Size
    • Market Breakup by Tire Size
    • Price Ranges by Rim Size


Breakup by Distribution Channel

  • Offline
  • Online

Breakup by Coutries:

  • Saudi Arabia 
  • UAE
  • Others
    • Kuwait
    • Qatar
    • Bahrain
    • Oman

 

Key Questions Answered in This Report:

  • How has the GCC tire market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the GCC tire industry?
  • What are the key design segments in the GCC tire industry?
  • What are the key end-use segments in the GCC tire industry?
  • What are the key vehicle types in the GCC tire industry?
  • What are the key distribution channels in the GCC tire industry?
  • What are the key regional markets in the GCC tire industry?
  • What are the various stages in the value chain of the GCC tire industry?
  • What are the key driving factors and challenges in the GCC tire industry?
  • What is the structure of the GCC tire industry and who are the key players?
  • What is the degree of competition in the GCC tire industry?
  • What are the profit margins in the GCC tire industry?
  • What are the key requirements for setting up a tire manufacturing plant?
  • How is tire manufactured?
  • What are the various unit operations involved in a tire manufacturing plant?
  • What is the total size of land required for setting up a tire manufacturing plant?
  • What are the machinery requirements for setting up a tire manufacturing plant?
  • What are the raw material requirements for setting up a tire manufacturing plant?
  • What are the packaging requirements for tires?
  • What are the transportation requirements for tires?
  • What are the utility requirements for setting up a tire manufacturing plant?
  • What are the manpower requirements for setting up a tire manufacturing plant?
  • What are the infrastructure costs for setting up a tire manufacturing plant?
  • What are the capital costs for setting up a tire manufacturing plant?
  • What are the operating costs for setting up a tire manufacturing plant?
  • What will be the income and expenditures for a tire manufacturing plant?
  • What is the time required to break-even?

1  Preface
2  Scope and Methodology

   2.1   Objectives of the study
   2.2   Stakeholders
   2.3   Data Sources
        2.3.1 Primary Sources
        2.3.2 Secondary Sources
   2.4    Market Estimation
        2.4.1 Bottom-Up Approach
        2.4.2 Top-Down Approach
   2.5   Forecasting Methodology
3  Executive Summary
4  Introduction

   4.1    Overview
   4.2    Key Industry Trends
5  Global Tire Industry
   5.1    Market Overview
   5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
   5.3    Market Breakup by Design
   5.4    Market Breakup by End-Use
   5.5    Market Breakup by Vehicle Type
   5.6    Market Breakup by Distribution Channel
   5.7    Market Breakup by Season
   5.8    Market Breakup by Region
   5.9    Market Forecast
6  GCC Tire Industry 
   6.1     Market Overview
   6.2    Market Performance
        6.2.1 Volume Trends
        6.2.2 Value Trends
   6.3    Impact of COVID-19
   6.4    Market Breakup by Design
   6.5    Market Breakup by End-Use
   6.6    Market Breakup by Vehicle Type
   6.7    Market Breakup by Distribution Channel
   6.8    Market Breakup by Region
   6.9    Market Forecast
   6.10   SWOT Analysis
        6.10.1    Overview
        6.10.2    Strengths
        6.10.3    Weaknesses
        6.10.4    Opportunities
        6.10.5    Threats
   6.11    Value Chain Analysis
        6.11.1    Research and Development
        6.11.2    Raw Material Suppliers
        6.11.3    Manufactures
        6.11.4    Distributors
        6.11.5    Exporters
        6.11.6    Retailers
        6.11.7    End-User
   6.12   Porter’s Five Forces Analysis
        6.12.1    Overview
        6.12.2    Bargaining Power of Buyers
        6.12.3    Bargaining Power of Suppliers
        6.12.4    Degree of Competition
        6.12.5    Threat of New Entrants
        6.12.6    Threat of Substitutes
   6.13    Key Success and Risk Factors for Manufacturers
   6.14    Price Analysis
        6.14.1    Key Price Indicators
        6.14.2    Price Structure
7   Market Breakup by Design
    7.1    Radial Market
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Bias Market
        7.2.1    Market Trends
        7.2.2    Market Forecast
8   Market Breakup by End-Use
    8.1    OEM Market
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Replacement Market
        8.2.1    Market Trends
        8.2.2    Market Forecast
9   Market Breakup by Vehicle Type
 
  9.1    Passenger Cars
        9.1.1    Market Trends
        9.1.2    Market Breakup by Rim Size
        9.1.3    Market Breakup by Tire Size
        9.1.4    Price Ranges by Rim Size
        9.1.5    Market Forecast
    9.2    Light Commercial Vehicles
        9.2.1    Market Trends
        9.2.2    Market Breakup by Rim Size
        9.2.3    Market Breakup by Tire Size
        9.2.4    Price Ranges by Rim Size
        9.2.5    Market Forecast
    9.3    Medium and Heavy Commercial Vehicles
        9.3.1    Market Trends
        9.3.2    Market Breakup by Rim Size
        9.3.3    Market Breakup by Tire Size
        9.3.4    Price Ranges by Rim Size
        9.3.5    Market Forecast
    9.4    Two Wheelers
        9.4.1    Market Trends
        9.4.2    Market Breakup by Rim Size
        9.4.3    Market Breakup by Tire Size
        9.4.4    Price Ranges by Rim Size
        9.4.5    Market Forecast
    9.5    Three Wheelers
        9.5.1    Market Trends
        9.5.2    Market Breakup by Rim Size
        9.5.3    Market Breakup by Tire Size
        9.5.4    Price Ranges by Rim Size
        9.5.5    Market Forecast
    9.6    Off-The-Road (OTR)
        9.6.1    Market Trends
        9.6.2    Market Breakup by Rim Size
        9.6.3    Market Breakup by Tire Size
        9.6.4    Price Ranges by Rim Size
        9.6.5    Market Forecast
10   Market Breakup by Distribution Channel
    10.1    Offline
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Online
        10.2.1    Market Trends
        10.2.2    Market Forecast
11  Performance of Key Regions
   11.1    Saudi Arabia 
        11.1.1    Market Overview
        11.1.2    Market Performance
        11.1.3    Market by Type
        11.1.4    Market Breakup by Application
        11.1.5    Market Forecast
        11.1.6    Key Players
   11.2     UAE
        11.2.1    Market Overview
        11.2.2    Market Performance
        11.2.3    Market by Type
        11.2.4    Market Breakup by Application
        11.2.5    Market Forecast
        11.2.6    Key Players
   11.3   Other Major Markets in GCC Region
       11.3.1    Kuwait
       11.3.2    Qatar
       11.3.3    Bahrain
       11.3.4    Oman
12 Competitive Landscape
   12.1   Competitive Structure
   12.2   Market Breakup by Key Players
13 Tire Manufacturing Process
   13.1    Product Overview
   13.2    Detailed Process Flow
   13.3    Various Types of Unit Operations Involved
   13.4    Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Costs Involved
   14.1    Land Requirements and Expenditures
   14.2    Construction Requirements and Expenditures
   14.3    Plant Machinery
   14.4    Machinery Pictures
   14.5    Raw Material Requirements and Expenditures
   14.6    Raw Material and Final Product Pictures
   14.7    Packaging Requirements and Expenditures
   14.8    Transportation Requirements and Expenditures
   14.9    Utility Requirements and Expenditures
   14.10   Manpower Requirements and Expenditures
   14.11   Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics

   16.1    Capital Cost of the Project
   16.2    Techno-Economic Parameters
   16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
   16.4    Taxation and Depreciation
   16.5    Income Projections
   16.6    Expenditure Projections
   16.7    Financial Analysis
   16.8    Profit Analysis
17  Key Player Profiles


List of Figures

Figure 1: GCC: Tire Market: Major Drivers and Challenges
Figure 2: Global: Tire Market: Volume Trends (in Million Units), 2014-2019
Figure 3: Global: Tire Market: Value Trends (in Billion US$), 2014-2019
Figure 4: Global: Tire Market: Breakup by Design (in %), 2019
Figure 5: Global: Tire Market: Breakup by End-Use (in %), 2019
Figure 6: Global: Tire Market: Breakup by Vehicle Type (in %), 2019
Figure 7: Global: Tire Market: Breakup by Distribution Channel (in %), 2019
Figure 8: Global: Tire Market: Breakup by Season (in %), 2019
Figure 8: Global: Tire Market: Breakup by Region (in %), 2019
Figure 9: Global: Tire Market Forecast: Volume Trends (in Million Units), 2020-2025
Figure 10: Global: Tire Market Forecast: Value Trends (in Billion US$), 2020-2025
Figure 11: GCC: Tire Market: Price Structure (US$/Unit)
Figure 12: GCC: Tire Market: Volume Trends (in Million Units), 2014-2019
Figure 13: GCC: Tire Market: Value Trends (in Billion US$), 2014-2019
Figure 14: GCC: Tire Market: Breakup by Design (in %), 2019
Figure 15: GCC: Tire Market: Breakup by End-Use (in %), 2019
Figure 16: GCC: Tire Market: Breakup by Vehicle Type (in %), 2019
Figure 17: GCC: Tire Market: Breakup by Distribution Channel (in %), 2019
Figure 19: GCC: Tire Market: Breakup by Region (in %), 2019
Figure 20: GCC: Tire Market Forecast: Volume Trends (in Million Units), 2020-2025
Figure 21: GCC: Tire Market Forecast: Value Trends (in Billion US$), 2020-2025
Figure 22: GCC: Tire Industry: SWOT Analysis
Figure 23: GCC: Tire Industry: Value Chain Analysis
Figure 24: GCC: Tire Industry: Porter’s Five Forces Analysis
Figure 25: GCC: Tire (Radial) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 26: GCC: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 27: GCC: Tire (Bias) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 28: GCC: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 29: GCC: Tire (OEM) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 30: GCC: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 31: GCC: Tire (Replacement) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 32: GCC: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 33: GCC: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2014 & 2019
Figure 34: GCC: Tire (Passenger Cars) Market: Breakup by Rim Size (in %), 2019
Figure 35: GCC: Tire (Passenger Cars) Market: Breakup by Tire Size (in %), 2019
Figure 36: GCC: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 37: GCC: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 38: GCC: Tire (Light Commercial Vehicles) Market: Breakup by Rim Size (in %), 2019
Figure 39: GCC: Tire (Light Commercial Vehicles) Market: Breakup by Tire Size (in %), 2019
Figure 40: GCC: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 41: GCC: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 42: GCC: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Rim Size (in %), 2019
Figure 43: GCC: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Tire Size (in %), 2019
Figure 44: GCC: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 45: GCC: Tire (Two Wheelers) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 46: GCC: Tire (Two Wheelers) Market: Breakup by Rim Size (in %), 2019
Figure 47: GCC: Tire (Two Wheelers) Market: Breakup by Tire Size (in %), 2019
Figure 48: GCC: Tire (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 49: GCC: Tire (Three Wheelers) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 50: GCC: Tire (Three Wheelers) Market: Breakup by Rim Size (in %), 2019
Figure 51: GCC: Tire (Three Wheelers) Market: Breakup by Tire Size (in %), 2019
Figure 52: GCC: Tire (Three Wheelers) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 53: GCC: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 54: GCC: Tire (Off-The-Road) Market: Breakup by Rim Size (in %), 2019
Figure 55: GCC: Tire (Off-The-Road) Market: Breakup by Tire Size (in %), 2019
Figure 56: GCC: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 57: GCC: Tire (Sales Through Offline Distribution Channels) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 58: GCC: Tire (Sales Through Offline Distribution Channels) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 59: GCC: Tire (Sales Through Online Distribution Channels) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 60: GCC: Tire (Sales Through Online Distribution Channels) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 61: Saudi Arabia: Tire Market: Volume Trends (in Million Units), 2014 & 2019
Figure 62: Saudi Arabia: Tire Market: Breakup by Type (in %), 2019
Figure 63: Saudi Arabia: Tire Market: Breakup by Application (in %), 2019
Figure 64: Saudi Arabia: Tire Market Forecast: Volume Trends (in Million Units), 2020-2025
Figure 65: Saudi Arabia: Tire Market: Market Share of Key Players (in %), 2019
Figure 66: UAE: Tire Market: Volume Trends (in Million Units), 2014 & 2019
Figure 67: UAE: Tire Market: Breakup by Type (in %), 2019
Figure 68: UAE: Tire Market: Breakup by Application (in %), 2019
Figure 69: UAE: Tire Market Forecast: Volume Trends (in Million Units), 2020-2025
Figure 70: UAE: Tire Market: Market Share of Key Players (in %), 2019
Figure 71: Others: Tire Market: OEM (in Million Units), 2011 & 2018
Figure 72: Othets: Tire Market Forecast: OEM (in Million Units), 2020-2025
Figure 73: GCC: Tire Market: Market Share of Key Players (in %), 2019
Figure 74: Tire Manufacturing: Detailed Process Flow
Figure 75: Tire Manufacturing: Conversion Rate of Products
Figure 76: Tire Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 77: Tire Industry: Profit Margins at Various Levels of the Supply Chain
Figure 78: Tire Production: Manufacturing Cost Breakup (in %)

 
List of Tables

Table 1: GCC: Tire Market: Key Industry Highlights, 2019 and 2025
Table 2: GCC: Tire Market Forecast: Breakup by Design (in Million Units), 2020-2025
Table 3: GCC: Tire Market Forecast: Breakup by End-Use (in Million Units), 2020-2025
Table 4: GCC: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2020-2025
Table 5: GCC: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2020-2025
Table 6: GCC: Tire Market Forecast: Breakup by Region (in Million Units), 2020-2025
Table 7: GCC: Tire Market: Competitive Structure
Table 8: GCC: Tire Market: Key Players
Table 9: Tire Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: Tire Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: Tire Manufacturing Plant: Costs Related to Machinery (in US$)
Table 12: Tire Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 13: Tire Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Tire Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Tire Manufacturing Plant: Capital Costs (in US$)
Table 17: Tire Manufacturing Plant: Techno-Economic Parameters
Table 18: Tire Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Tire Manufacturing Plant:  Income Projections (in US$)
Table 20: Tire Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Tire Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$) 
Table 22: Tire Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Tire Manufacturing Plant: Profit and Loss Account (in US$)

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