Saudi Arabia Tire Market

Market Overview:

The Saudi Arabia tire market size reached 22.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 25.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.26% during 2024-2032.

The Saudi Arabia tire market is 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.

Rapid development in the automobile sector of Saudi Arabia is contributing to the growth of the tire market. The expanding consumer base supported by the elevating living standards and increasing per capita expenditure on premium vehicle components further augments the market growth. The rising penetration of international tire brands offering high-quality assurance and extended product life has led to their growing presence in Saudi Arabia. Additionally, several regional tire manufacturing companies are entering into strategic partnerships and alliances with international players for expanding their product portfolios, thus leading to product premiumization. Furthermore, in 2018, Saudi Arabia allowed women to drive a car on their own, ending a ban where women were legally required to be driven by chauffeurs or travel with male family members. This is expected to further drive the demand of tires in Saudi Arabia. Other factors that will catalyse the demand of tires in Saudi Arabia include increasing number of infrastructure projects, growing construction industry, rising demand for replacement tires, etc. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia tire market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, end-use, vehicle type, size and distribution channel.

Breakup by Type:

• Radial
• Bias
   

Breakup by End-Use:

• OEM
• Replacement
   

Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Two Wheelers
• Off-The-Road (OTR)
   

Breakup by Size:

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

Breakup by Distribution Channel:

• Offline
• Online
   

Breakup by Region:

• ​Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Michelin Group, Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Corporation, Pirelli & C. S.p.A, Yokohama Rubber Company, Hankook Tire and Technology, Toyo Tire Corporation and Kumho Tire.

Report Coverage: