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The GCC tire market was valued at US$ 2.5 Billion in 2020.
We expect the GCC tire market to exhibit a CAGR of 4.8% during 2021-2026.
The growing number of regional tire manufacturing facilities, coupled with the expanding automobile fleet, is currently driving the GCC tire market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the region resulting in temporary closure of numerous manufacturing units for tires.
ased on the end-use, the GCC tire market has been segmented into OEM market and replacement market. Currently, OEM market holds the majority of the total market share.
Based on the vehicle type, the GCC tire market can be categorized into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two wheelers, three wheelers, and off-the-road (OTR). Among these, passenger cars currently exhibit a clear dominance in the market.
On a regional level, the market has been classified into Saudi Arabia, UAE, and Others, including Kuwait, Qatar, Bahrain, and Oman, where Saudi Arabia currently dominates the market.
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