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The GCC tire market was valued at US$ 2.6 Billion in 2021.
We expect the GCC tire market to exhibit a CAGR of 5.5% during 2022-2027.
The growing number of regional tire manufacturing facilities, coupled with the expanding automobile
fleet, is primarily driving the GCC tire market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations of the GCC, resulting in the temporary closure of numerous
manufacturing units for tires.
Based on the design, the GCC tire market can be segmented into radial and bias. Currently, radial design
holds the majority of the total market share.
Based on the end-use, the GCC tire market has been divided into OEM market and replacement market,
where replacement market exhibits a clear dominance in the market.
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 account for the majority of the total market share.
Based on the distribution channel, the GCC tire market has been segregated into offline and online.
Currently, offline channel holds the largest market share.
On a regional level, the market has been classified into Saudi Arabia, UAE, and Others, where Saudi
Arabia currently dominates the GCC tire market.
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