Saudi Arabia Tire Set to Grow at 8% CAGR by 2030

According to recent findings, the Saudi Arabia Tire Market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2025-30.

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Saudi Arabia Tire Overview:

The growth of the market is likely to be driven primarily by the rapidly growing vehicle fleet due to the rising per capita income of people their mounting inclination toward private ownership of vehicles across Saudi Arabia. It, in turn, is directly influencing the demand for tires and stimulating the overall market growth.

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Saudi Arabia Tire Outlook and Future Trends :

Surging Inclination of Tire Manufacturers toward Digital Sales Platforms - The increasing government support for digital transformations across industries, i.e., enabling the leading tire manufacturers to adopt online platforms for tire sales, is allowing the customers to choose from a wide variety of tires of different brands, budgets, features, etc., and avail benefits like discounts, door-step deliveries installation, among others. This rapidly increasing digital transformation of tire manufacturers is the key factor projected to drive the Saudi Arabia Tire Market during 2025-30.

Saudi Arabia Tire Segmentation Analysis:

By Type of Vehicles

Passenger Car- Market Size Forecast 2020-2030, Thousand Units
Light Commercial Vehicle- Market Size Forecast 2020-2030, Thousand Units
Medium and Heavy Commercial Vehicles- Market Size Forecast 2020-2030, Thousand Units
Off the Road (OTR) - Market Size Forecast 2020-2030, Thousand Units
Two Wheelers- Market Size Forecast 2020-2030, Thousand Units

According to reports, Saudi Arabia Tire Market with the largest share during 2025-30.

By Demand Category

OEM- Market Size Forecast 2020-2030, Thousand Units
Aftermarket- Market Size Forecast 2020-2030, Thousand Units

By Type of Tire

Radial- Market Size Forecast 2020-2030, Thousand Units
Bias- Market Size Forecast 2020-2030, Thousand Units

According to reports, Here, Radial Tires are anticipated to prominently contribute to the market growth for tires in Saudi Arabia through 2030.

By Sales Channel

Direct Sales- Market Size Forecast 2020-2030, Thousand Units
Exclusive Outlets Multi-brand Stores- Market Size Forecast 2020-2030, Thousand Units
Online- Market Size Forecast 2020-2030, Thousand Units

By Price Category

Budget- Market Size Forecast 2020-2030, Thousand Units
Economy- Market Size Forecast 2020-2030, Thousand Units
Premium- Market Size Forecast 2020-2030, Thousand Units

By Tire Size

Tire Size 1- Market Size Forecast 2020-2030, Thousand Units
Tire Size 2 - Market Size Forecast 2020-2030, Thousand Units
Tire Size 3 - Market Size Forecast 2020-2030, Thousand Units
Tire Size 4 - Market Size Forecast 2020-2030, Thousand Units
Tire Size 5 - Market Size Forecast 2020-2030, Thousand Units

By Region

East
West
South

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Some of the Market players in the Saudi Arabia Tire are:

Continental AG
Bridgestone Corporation
Pirelli C. S.p.A.
Yokohama Rubber Company Limited
Hankook Tire Co., Ltd.
Goodyear Tire Rubber Company
Toyo Tire and Rubber Company
Michelin Group
Sumitomo Rubber Industries Limited
Apollo Tires

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Key Highlights of the Report – Unlock Valuable Market Insights

Market Size, Share Future Projections – Understand the current market dimensions and forecasted growth trajectory.
In-Depth Pricing Analysis – Get clarity on pricing trends and cost structures across segments.
Company Strategies Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
Key Stakeholders Value Chain Insights – Identify the main players and their roles within the industry ecosystem.
Import Export Dynamics – Analyze trade flows, regional export trends, and supply chain movements.
Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
Market Trends Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

Define objectives and research design
Collect data through surveys and interviews
Analyze and validate data using reliable tools
Forecast trends and deliver actionable insights

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