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Pakistan Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The Pakistan tyre market reached a consumption volume of 20.9 Million Units in 2018, expanding at a CAGR of nearly 6.4% during 2011-2018. A tyre is a component fitted around the rim of a wheel in order to transfer the load of a vehicle from the axle to the ground. It can be made of various materials which include natural rubber, synthetic rubber, carbon black, fabric and wire along with other chemical compounds. The footprint of a tyre is designed so that the vehicle’s weight is in accordance with the bearing strength of the surface. Majority of the tyres are pneumatically inflated through which they offer a flexible cushion that absorbs shock when the tyre travels over a rough surface. With an increase in the vehicle motorisation rate in Pakistan, the demand for tyres has witnessed a positive surge in the recent years.

Pakistan Tyre Market Report

The market for tyres is currently witnessing strong growth in Pakistan. There has been an increase in vehicle ownership as well as enhancements in road infrastructure across the country. In addition to this, the government has been focussing on infrastructural and macroeconomic reforms leading to a rapid rise in the industrial, construction and agriculture sectors. This will, in turn, catalyse the growth of the automotive industry of Pakistan. The Government has also implemented increased taxes on imports of tyres in order to promote and strengthen its domestic manufacturers which has further propelled the market growth. Moreover, on account of a consistent rise in the demand for tyres, local as well as foreign investors have started showing a keen interest in the tyre industry of Pakistan. Looking forward, the tyre market in Pakistan is projected to reach 28.5 Million Units by 2024.

Market Summary:

  • Based on the vehicle type, the market has been segmented into two wheelers and three wheelers; passenger cars and light truck tyres; and heavy commercial and OTR tyres. Amongst these, two wheelers and three wheelers currently represent the largest segment.
  • The report has analysed the production aspects of OEM and replacement tyres across the region. Currently, replacement tyres account for the majority of the total market.
  • On the basis of domestic production vs imports, domestic production currently accounts for a higher share in the tyre industry of Pakistan.
  • The Pakistan tyre market has also been segregated on the basis of legitimate and grey market with the legitimate market currently accounting for a higher share.
  • Based on the tyre type, the market has been categorised into bias and radial. Radial tyres currently dominate the market.
  • The market has also been segmented on the basis of tube and tubeless tyres. Tubeless tyres currently represent the biggest segment.
  • On a geographical front, Punjab currently dominates the Pakistan tyre market accounting for the majority of the share. Some of the other major markets include Sindh, Khyber Pakhtunkhwa and Balochistan.


Key Questions Answered in This Report?

  • How has the Pakistan tyre market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the Pakistan tyre industry?
  • What is the breakup of the Pakistan tyre market on the basis of product type?
  • What is the breakup of the Pakistan tyre market on the basis of application?
  • What is the breakup of the Pakistan tyre market on the basis of vehicle type?
  • What are the various stages in the value chain of the Pakistan tyre industry?
  • What are the key driving factors and challenges in the Pakistan tyre industry?
  • What is the structure of the Pakistan tyre industry and who are the key players?
  • What is the degree of competition in the Pakistan tyre industry?
  • What are the profit margins in the Pakistan tyre industry?
  • How are tyres manufactured?
  • What are the various unit operations involved in a tyre manufacturing plant?
  • What is the total size of land required for setting up a tyre manufacturing plant?
  • What are the machinery requirements for setting up a tyre manufacturing plant?
  • What are the raw material requirements for setting up a tyre manufacturing plant?
  • What are the packaging requirements for a tyre manufacturing plant?
  • What are the transportation requirements for a tyre manufacturing plant?
  • What are the utility requirements for setting up a tyre manufacturing plant?
  • What are the manpower requirements for setting up a tyre manufacturing plant?
  • What are the infrastructure costs for setting up a tyre manufacturing plant?
  • What are the capital costs for setting up a tyre manufacturing plant?
  • What are the operating costs for setting up a tyre manufacturing plant?
  • What will be the income and expenditures for a tyre 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    Pakistan Automobile Industry
    5.1    Overview
    5.2    Production Trends
        5.2.1    Market Performance
        5.2.2    Market Breakup by Vehicle Type
        5.2.3    Market Breakup by Region
        5.2.4    Market Forecast
    5.3    Vehicles Registration in Pakistan
        5.3.1    Market Performance
        5.3.2    Vehicle Registration by Region
    5.4    New Industry Entrants
6    Pakistan Tyre Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Market Breakup by Vehicle Type
    6.4    Market Breakup OEM and Replacement Segment
    6.5    Market Breakup by Domestic Production and Imports
    6.6    Market Breakup by Legitimate and Grey Market
    6.7    Market Breakup by Radial and Bias Tyre
    6.8    Market Breakup by Tube and Tubeless Tyre
    6.9    Market Breakup by Region
    6.10    Market Forecast
    6.11    SWOT Analysis
        6.11.1    Overview
        6.11.2    Strengths
        6.11.3    Weaknesses
        6.11.4    Opportunities
        6.11.5    Threats
    6.12    Value Chain Analysis
        6.12.1    Overview
        6.12.2    Research and Development
        6.12.3    Raw Material Procurement
        6.12.4    Tyre Manufacturing
        6.12.5    Marketing
        6.12.6    Distribution
        6.12.7    End-Users
        6.12.8    Recycling
    6.13    Porters Five Forces Analysis
        6.13.1    Overview
        6.13.2    Bargaining Power of Buyers
        6.13.3    Bargaining Power of Suppliers
        6.13.4    Degree of Competition
        6.13.5    Threat of New Entrants
        6.13.6    Threat of Substitutes
    6.14    Price Analysis
        6.14.1    Price Indicators
        6.14.2    Price Structure
7    Market Breakup by Vehicle Type
    7.1    Two Wheeler and Three Wheeler Tyres
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Passenger Cars and Light Truck Tyres
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Heavy Commercial and OTR Tyres
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by OEM and Replacement Segment
    8.1    OEM Tyres
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Replacement Tyres
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Domestic Production and Imports
    9.1    Domestic Production
    9.2    Imports
10    Market Breakup by Legitimate and Grey Market
    10.1    Legitimate Market
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Grey Market
        10.2.1    Market Trends
        10.2.2    Market Forecast
11    Market Breakup by Radial and Bias Tyres
    11.1    Bias Tyres
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Radial Tyres
        11.2.1    Market Trends
        11.2.2    Market Forecast
12    Market Breakup by Tube and Tubeless Tyres
    12.1    Tube Tyres
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Tubeless Tyres
        12.2.1    Market Trends
        12.2.2    Market Forecast
13    Market Breakup by Region
    13.1    Punjab
    13.2    Sindh
    13.3    Khyber Paktunkhwa
    13.4    Balochistan
14    Foreign Direct Investment in Pakistan
15    Tyre Manufacturing Process

    15.1    Product Overview
    15.2    Radial Tyre Component
    15.3    Tyre Design Process
    15.4    Detailed Process Flow
    15.5    Various Types of Unit Operations Involved
    15.6    Tyre Performance Criteria
    15.7    Technical tests
    15.8    Mass Balance and Raw Material Requirements
16    Project Details, Requirements and Costs Involved
    16.1    Land, Location and Site Development
        16.1.1    Overview of Land Location
            16.1.1.1    Project Planning and Phasing of Development
            16.1.1.2    Environmental Impacts
        16.1.2    Land Requirement and Expenditure
    16.2    Plant Layout
    16.3    Plant Machinery
        16.3.1    Machinery Costs
        16.3.2    Machinery Suppliers
        16.3.3    Machinery Pictures
    16.4    Raw Materials
        16.4.1    Raw Material Required and Specifications
        16.4.2    Raw Material Procurement
        16.4.3    Raw Material Expenditure
        16.4.4    Raw Material Supplier
        16.4.5    Raw Material and Final Product Pictures
    16.5    Packaging Requirements and Expenditures
    16.6    Transportation Requirements and Expenditures
    16.7    Utilities Requirements and Expenditures
    16.8    Manpower Requirements and Expenditures
    16.9    Other Capital Investments
17    Loans and Financial Assistance
18    Project Economics

    18.1    Capital Cost of the Project
    18.2    Techno-Economic Parameters
    18.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    18.4    Taxation and Depreciation
    18.5    Income Projections
    18.6    Expenditure Projections
    18.7    Financial Analysis
        18.7.1    Liquidity Analysis
        18.7.2    Profitability Analysis
            18.7.2.1    Payback Period
            18.7.2.2    Net Present Value:
            18.7.2.3    Internal Rate of Return
            18.7.2.4    Profit and Loss Account
        18.7.3    Uncertainty Analysis
        18.7.4    Sensitivity Analysis
    18.8    Economic Analysis
19    Case Study – Apollo Tyre
20    Competitive Landscape

    20.1    Key Players
    20.2    Key Players Profiles
        20.2.1    General Tyre and Rubber Co. Ltd.
            20.2.1.1    Company Overview
            20.2.1.2    Company Description
        20.2.2    Panther Tyres Limited
            20.2.2.1    Company Overview
            20.2.2.2    Company Description
        20.2.3    Diamond Tyres Limited
            20.2.3.1    Company Overview
            20.2.3.2    Company Description
        20.2.4    Service Industries Limited
            20.2.4.1    Company Overview
            20.2.4.2    Company Description
        20.2.5    Ghauri Tyre and Tube Pvt. Limited
            20.2.5.1    Company Overview
            20.2.5.2    Company Description


List of Figures

Figure 1: Pakistan: Tyre Market: Major Drivers and Challenges
Figure 2: Pakistan: Automobile Market: Production Volume (in Million Units), 2011-2018
Figure 3: Pakistan: Automobile Market: Breakup by Vehicle Type (in %), 2018
Figure 4: Pakistan: Automobile Market: Breakup by Region (in %), 2018
Figure 5: Pakistan: Automobile Market Forecast: Production Volume (in Million Units), 2019-2024
Figure 6: Pakistan: Automobile Market: Number of New Registration of Vehicles (in Million Units), 2017-2024
Figure 7: Pakistan: Automobile Market: Breakup by Region (in %), 2018
Figure 8: Pakistan: Automobile Market: Upcoming Automobile Companies
Figure 9: Pakistan: Tyre Market: Volume Trends (in Million Units), 2011-2018
Figure 10: Pakistan: Tyre Market: Sales Value (in Million US$), 2011-2018
Figure 11: Pakistan: Tyre Market: Breakup by Vehicle Type (in %), 2018
Figure 12: Pakistan: Tyre Market: Breakup by OEM and Replacement Segment (in %), 2018
Figure 13: Pakistan: Tyre Market: Breakup by Domestic Production and Imports (in %), 2018
Figure 14: Pakistan: Tyre Market: Breakup by Legitimate and Grey Market (in %), 2018
Figure 15: Pakistan: Tyre Market: Breakup by Radial and Bias Tyres (in %), 2018
Figure 16: Pakistan: Tyre Market: Breakup by Tube and Tubeless Tyres (in %), 2018
Figure 17: Pakistan: Tyre Market: Breakup by Region (in %), 2018
Figure 18: Pakistan: Tyre Market Forecast: Volume Trends (in Million Units), 2019-2024
Figure 19: Pakistan: Tyre Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Pakistan: Tyre Industry: SWOT Analysis
Figure 21: Pakistan: Tyre Industry: Value Chain Analysis
Figure 22: Pakistan: Tyre Industry: Porter’s Five Forces Analysis
Figure 23: Pakistan: Motorcycle Tyre Manufacturing: Price Structure Analysis (in US$/Unit)
Figure 24: Pakistan: Tyre (Two-Wheeler and Three-Wheeler) Market: Production Volume (in Million Units) 2011-2018
Figure 25: Pakistan: Tyre (Two-Wheeler and Three-Wheeler) Market: Consumption Volume (in Million Units) 2011-2018
Figure 26: Pakistan: Tyre (Two-Wheeler and Three-Wheeler) Market Forecast: Production Volume (in Million Units), 2019-2024
Figure 27: Pakistan: Tyre (Two-Wheeler and Three-Wheeler) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 28: Pakistan: Tyre (Passenger Cars and Light Truck Market): Consumption Volume (in Million Units), 2011-2018
Figure 29: Pakistan: Tyre (Passenger Cars and Light Truck) Market Forecast: Production Volume (in Million Units), 2019-2024
Figure 30: Pakistan: Tyre (Passenger Cars and Light Truck) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 31: Pakistan: Tyre (Heavy Commercial and OTR) Market: Production Volume (in Million Units), 2011-2018
Figure 32: Pakistan: Tyre (Heavy Commercial and OTR) Market: Consumption Volume (in Million Units), 2011-2018
Figure 33: Pakistan: Tyre (Heavy Commercial and OTR) Market Forecast: Production Volume (in Million Units), 2019-2024
Figure 34: Pakistan: Tyre (Heavy Commercial and OTR) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 35: Pakistan: Tyre (OEM) Market: Production Volume (in Million Units), 2011-2018
Figure 36: Pakistan: Tyre (OEM) Market: Consumption Volume (in Million Units), 2011-2018
Figure 37: Pakistan: Tyre (OEM) Market Forecast: Production Volume (in Million Units), 2019-2024
Figure 38: Pakistan: Tyre (OEM) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 39: Pakistan: Tyre (Replacement) Market: Consumption Volume (in Million Units), 2011-2018
Figure 40: Pakistan: Tyre (Replacement) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 41: Pakistan: Tyre (Domestic Production) Market: Production Volume (in Million Units), 2011-2018
Figure 42: Pakistan: Tyre (Domestic Production) Market Forecast: Production Volume (in Million Units), 2019-2024
Figure 43: Pakistan: Tyre (Import) Market: Volume Trends (in Million Units), 2011-2018
Figure 44: Pakistan: Tyre Market: Breakup by Legitimate Import and Under-Invoicing (in %), 2018
Figure 45: Pakistan: Tyre (Legitimate) Market: Consumption Volume (in Million Units), 2011-2018
Figure 46: Pakistan: Tyre (Legitimate) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 47: Pakistan: Tyre (Grey) Market: Consumption Volume (in Million Units), 2011-2018
Figure 48: Pakistan: Tyre (Grey) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 49: Pakistan: Tyre (Bias) Market: Consumption Volume (in Million Units), 2011-2018
Figure 50: Pakistan: Tyre (Bias) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 51: Pakistan: Tyre (Radial) Market: Consumption Volume (in Million Units), 2011-2018
Figure 52: Pakistan: Tyre (Radial) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 53: Pakistan: Tyre (Tube) Market: Consumption Volume (in Million Units), 2011-2018
Figure 54: Pakistan: Tyre (Tube) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 55: Pakistan: Tyre (Tubeless) Market: Consumption Volume (in Million Units), 2011-2018
Figure 56: Pakistan: Tyre (Tubeless) Market Forecast: Consumption Volume (in Million Units), 2019-2024
Figure 57: Punjab: Tyre Market: Consumption Volume (in Million Units), 2018 & 2024
Figure 58: Sindh: Tyre Market: Consumption Volume (in Million Units), 2018 & 2024
Figure 59: Khyber Paktunkhwa: Tyre Market: Consumption Volume (in Million Units), 2018 & 2024
Figure 60: Balochistan: Tyre Market: Consumption Volume (in Million Units), 2018 & 2024
Figure 61: Components of Radial Tyre
Figure 62: Tyre Manufacturing: Process Flow
Figure 63: Motorcycle Tyre Manufacturing Process: Conversion Rate of Feedstock
Figure 64: Passenger Car Tyre Manufacturing Process: Conversion Rate of Feedstock
Figure 65: Truck Tyre Manufacturing Process: Conversion Rate of Feedstocks
Figure 66: Pakistan: Tyre Manufacturing Plant: Land Location (Kasur District, Punjab)
Figure 67: Tyre Manufacturing: Plant Layout
Figure 68: Tyre Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 69: Tyre Manufacturing Plant: Breakup of Operational Costs
Figure 70: Apollo Tyre Manufacturing Plant: Layout


List of Tables

Table 1: Pakistan: Automobile Market: Key Industry Highlights, 2018 and 2024
Table 2: Pakistan: Tyre Market: Key Industry Highlights, 2018 and 2024
Table 3: Pakistan: Tyre Market Forecast: Breakup by Vehicle Type (in Million Units), 2019-2024
Table 4: Pakistan: Tyre Market Forecast: Breakup by OEM and Replacement Segment (in Million Units), 2019-2024
Table 5: Pakistan: Tyre Market Forecast: Breakup by Domestic Production and Imports (in Million Units), 2019-2024
Table 6: Pakistan: Tyre Market Forecast: Breakup by Legitimate and Grey Market (in Million Units), 2019-2024
Table 7: Pakistan: Price Difference between Grey and Legitimate Tyre
Table 8: Pakistan: Tyre Market Forecast: Breakup by Tyre Type (in Million Units), 2019-2024
Table 9: Pakistan: Tyre Market Forecast: Breakup by Tube and Tubeless (in Million Units), 2019-2024
Table 10: Pakistan: Tyre Market Forecast: Breakup by Region (in Million Units), 2019 & 2024
Table 11: Tyre Manufacturing Plant: Raw Material Requirements (in Units/Day)
Table 12: Tyre Manufacturing Plant: Project Planning
Table 13: Tyre Manufacturing Plant: Phasing of Development
Table 14: Environmental Impacts during Construction Phase
Table 15: Environmental Impacts during Operation Phase
Table 16: Mitigation Measures during Construction Phase
Table 17: Mitigation measures during operation phase
Table 18: Tyre Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 19: Tyre Manufacturing Plant: Costs Related to Plant Machinery (in US$)
Table 20: Tyre Manufacturing Plant: Suppliers of Machinery
Table 21: Tyre Manufacturing: Specification of SBR 1712
Table 22: Tyre Manufacturing: Specification of SBR 1712
Table 23: Tyre Manufacturing: Specification of PBR 1210
Table 24: Tyre Manufacturing: Specification of Carbon Black
Table 25: Tyre Manufacturing: Specification of Bead Wire
Table 26: Tyre Manufacturing: Specification of Nylon-6,6
Table 27: Tyre Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (US$/Unit)
Table 28: Tyre Manufacturing Plant: Suppliers of Machinery
Table 29: Tyre Manufacturing Plant: Costs Related to Packaging (US$/Unit)
Table 30: Tyre Manufacturing Plant: Costs Related to Utilities (in US$)
Table 31: Tyre Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 32: Tyre Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 33: Details of Financial Assistance Offered by Financial Institutions
Table 34: Tyre Manufacturing Plant: Capital Costs (in US$)
Table 35: Tyre Manufacturing Plant: Manufacturing Capacity
Table 36: Tyre Manufacturing Plant: Operating Costs
Table 37: Tyre Manufacturing Plant: Taxation (in US$/Year)
Table 38: Tyre Manufacturing Plant: Depreciation (in US$/Year)
Table 39: Tyre Manufacturing Plant: Income Projections (in US$)
Table 40: Tyre Manufacturing Plant: Expenditure Projections (in US$/Year)
Table 41: Tyre Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability (US$)
Table 42: Tyre Manufacturing Plant: Liquidity Analysis with Considering the Income Tax Liability (US$)
Table 43: Tyre Manufacturing Plant: Profitability Analysis Without Considering Tax Liability (in US$)
Table 44: Tyre Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability (in US$)
Table 45: Tyre Manufacturing Plant: Profit and Loss Account (in US$)
Table 46: Tyre Manufacturing Plant: Discount Factor Rate (in US$)
Table 47: Tyre Manufacturing Plant: Sensitivity Analysis (in Us$)
Table 48: Tyre Manufacturing Plant: Profit and Loss Account When Key Parameter Prices Increases (in US$)
Table 49: Tyre Manufacturing Plant: Profit and Loss Account When Key Parameter Prices Decreases (in US$)
Table 50: Pakistan Tyre: Company Profiles
Table 51: General Tyres and Rubber Co. Ltd.: Key Financials (in Million US$)
Table 52: Service Industries Ltd.: Key Financials (in Million US$)

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