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GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 262 pages | ID: GA0710A4F29EN
IMARC Group

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The GCC tire market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.39% during 2023-2028.

The market for tires in the GCC region was 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. Moreover, the flagships brands are employing various marketing techniques to create opportunities in the areas related to the automobile industry, such as introducing car accessories and providing F&I (finance and insurance) services. This has contributed significantly in enhancing their profit margins.

In the GCC countries, only a small section of consumers contributes to the sales of new vehicles, whereas, the majority of them prefer used vehicles. As a result, there is a high demand for tires, particularly replacement tire, for the used cars. This emerges as a major force behind the growth of the tire market in the region. Apart from this, many consumers also like upgrading and customising their vehicles, and change tires as per their requirements. Some of the other growth inducing factors include rising immigration rates and the establishment of local tire manufacturing facilities.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC tire market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on design, end-use, vehicle type and distribution channel.

Breakup by Design:

Radial
Bias

Breakup by End-Use:

OEM Market
Replacement Market

Breakup by Vehicle Type:

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

Breakup by Distribution Channel:

Offline
Online

Breakup by Country:

Saudi Arabia
UAE
Others
Kuwait
Qatar
Bahrain
Oman

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report
1. What was the size of the GCC tire market in 2022?
2. What is the expected growth rate of the GCC tire market during 2023-2028?
3. What are the key factors driving the GCC tire market?
4. What has been the impact of COVID-19 on the GCC tire market?
5. What is the breakup of the GCC tire market based on the design?
6. What is the breakup of the GCC tire market based on the end-use?
7. What is the breakup of the GCC tire market based on vehicle type?
8. What is the breakup of the GCC tire market based on the distribution channel?
9. What are the key regions in the GCC tire market?
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 GLOBAL TIRE INDUSTRY

5.1 Market Overview
5.2 Market Performance
  5.2.1 Volume Trends
  5.2.2 Value Trends
5.3 Market Breakup by Design
5.4 Market Breakup by End-Use
5.5 Market Breakup by Vehicle Type
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Season
5.8 Market Breakup by Region
5.9 Market Forecast

6 GCC TIRE INDUSTRY

6.1 Market Overview
6.2 Market Performance
  6.2.1 Volume Trends
  6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Market Breakup by Design
6.5 Market Breakup by End-Use
6.6 Market Breakup by Vehicle Type
6.7 Market Breakup by Distribution Channel
6.8 Market Breakup by Region
6.9 Market Forecast
6.10 SWOT Analysis
  6.10.1 Overview
  6.10.2 Strengths
  6.10.3 Weaknesses
  6.10.4 Opportunities
  6.10.5 Threats
6.11 Value Chain Analysis
  6.11.1 Research and Development
  6.11.2 Raw Material Suppliers
  6.11.3 Manufactures
  6.11.4 Distributors
  6.11.5 Exporters
  6.11.6 Retailers
  6.11.7 End-User
6.12 Porter’s Five Forces Analysis
  6.12.1 Overview
  6.12.2 Bargaining Power of Buyers
  6.12.3 Bargaining Power of Suppliers
  6.12.4 Degree of Competition
  6.12.5 Threat of New Entrants
  6.12.6 Threat of Substitutes
6.13 Key Success and Risk Factors for Manufacturers
6.14 Price Analysis
  6.14.1 Key Price Indicators
  6.14.2 Price Structure

7 MARKET BREAKUP BY DESIGN

7.1 Radial Market
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Bias Market
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY END-USE

8.1 OEM Market
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Replacement Market
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY VEHICLE TYPE

9.1 Passenger Cars
  9.1.1 Market Trends
  9.1.2 Market Breakup by Rim Size
  9.1.3 Market Breakup by Tire Size
  9.1.4 Price Ranges by Rim Size
  9.1.5 Market Forecast
9.2 Light Commercial Vehicles
  9.2.1 Market Trends
  9.2.2 Market Breakup by Rim Size
  9.2.3 Market Breakup by Tire Size
  9.2.4 Price Ranges by Rim Size
  9.2.5 Market Forecast
9.3 Medium and Heavy Commercial Vehicles
  9.3.1 Market Trends
  9.3.2 Market Breakup by Rim Size
  9.3.3 Market Breakup by Tire Size
  9.3.4 Price Ranges by Rim Size
  9.3.5 Market Forecast
9.4 Two Wheelers
  9.4.1 Market Trends
  9.4.2 Market Breakup by Rim Size
  9.4.3 Market Breakup by Tire Size
  9.4.4 Price Ranges by Rim Size
  9.4.5 Market Forecast
9.5 Three Wheelers
  9.5.1 Market Trends
  9.5.2 Market Breakup by Rim Size
  9.5.3 Market Breakup by Tire Size
  9.5.4 Price Ranges by Rim Size
  9.5.5 Market Forecast
9.6 Off-The-Road (OTR)
  9.6.1 Market Trends
  9.6.2 Market Breakup by Rim Size
  9.6.3 Market Breakup by Tire Size
  9.6.4 Price Ranges by Rim Size
  9.6.5 Market Forecast

10 MARKET BREAKUP BY DISTRIBUTION CHANNEL

10.1 Offline
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Online
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 PERFORMANCE OF KEY REGIONS

11.1 Saudi Arabia
  11.1.1 Market Overview
  11.1.2 Market Performance
  11.1.3 Market Breakup by Type
  11.1.4 Market Breakup by Application
  11.1.5 Market Forecast
  11.1.6 Key Players
11.2 UAE
  11.2.1 Market Overview
  11.2.2 Market Performance
  11.2.3 Market Breakup by Type
  11.2.4 Market Breakup by Application
  11.2.5 Market Forecast
  11.2.6 Key Players
11.3 Other Major Markets in GCC Region
  11.3.1 Kuwait
  11.3.2 Qatar
  11.3.3 Bahrain
  11.3.4 Oman

12 COMPETITIVE LANDSCAPE

12.1 Competitive Structure
12.2 Market Breakup by Key Players

13 TIRE MANUFACTURING PROCESS

13.1 Product Overview
13.2 Detailed Process Flow
13.3 Various Types of Unit Operations Involved
13.4 Mass Balance and Raw Material Requirements

14 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED

14.1 Land Requirements and Expenditures
14.2 Construction Requirements and Expenditures
14.3 Plant Machinery
14.4 Machinery Pictures
14.5 Raw Material Requirements and Expenditures
14.6 Raw Material and Final Product Pictures
14.7 Packaging Requirements and Expenditures
14.8 Transportation Requirements and Expenditures
14.9 Utility Requirements and Expenditures
14.10 Manpower Requirements and Expenditures
14.11 Other Capital Investments

15 LOANS AND FINANCIAL ASSISTANCE

16 PROJECT ECONOMICS

16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis

17 KEY PLAYER PROFILES


LIST OF TABLES

Table 1: GCC: Tire Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Tire Market Forecast: Breakup by Design (in Million Units), 2023-2028
Table 3: GCC: Tire Market Forecast: Breakup by End-Use (in Million Units), 2023-2028
Table 4: GCC: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2023-2028
Table 5: GCC: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2023-2028
Table 6: GCC: Tire Market Forecast: Breakup by Region (in Million Units), 2023-2028
Table 7: GCC: Tire Market: Competitive Structure
Table 8: GCC: Tire Market: Key Players
Table 9: Tire Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: Tire Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: Tire Manufacturing Plant: Costs Related to Machinery (in US$)
Table 12: Tire Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 13: Tire Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Tire Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Tire Manufacturing Plant: Capital Costs (in US$)
Table 17: Tire Manufacturing Plant: Techno-Economic Parameters
Table 18: Tire Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Tire Manufacturing Plant: Income Projections (in US$)
Table 20: Tire Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Tire Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Tire Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Tire Manufacturing Plant: Profit and Loss Account (in US$)

LIST OF FIGURES

Figure 1: GCC: Tire Market: Major Drivers and Challenges
Figure 2: Global: Tire Market: Sales Volume (in Million Units), 2017-2022
Figure 3: Global: Tire Market: Sales Value (in Billion US$), 2017-2022
Figure 4: Global: Tire Market: Breakup by Design (in %), 2022
Figure 5: Global: Tire Market: Breakup by End-Use (in %), 2022
Figure 6: Global: Tire Market: Breakup by Vehicle Type (in %), 2022
Figure 7: Global: Tire Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Tire Market: Breakup by Season (in %), 2022
Figure 9: Global: Tire Market: Breakup by Region (in %), 2022
Figure 10: Global: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 11: Global: Tire Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 12: Tire Market: Price Structure
Figure 13: GCC: Tire Market: Sales Volume (in Million Units), 2017-2022
Figure 14: GCC: Tire Market: Sales Value (in Billion US$), 2017-2022
Figure 15: GCC: Tire Market: Breakup by Design (in %), 2022
Figure 16: GCC: Tire Market: Breakup by End-Use (in %), 2022
Figure 17: GCC: Tire Market: Breakup by Vehicle Type (in %), 2022
Figure 18: GCC: Tire Market: Breakup by Distribution Channel (in %), 2022
Figure 19: GCC: Tire Market: Breakup by Region (in %), 2022
Figure 20: GCC: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 21: GCC: Tire Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: GCC: Tire Industry: SWOT Analysis
Figure 23: GCC: Tire Industry: Value Chain Analysis
Figure 24: GCC: Tire Industry: Porter’s Five Forces Analysis
Figure 25: GCC: Tire (Radial) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 26: GCC: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 27: GCC: Tire (Bias) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 28: GCC: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 29: GCC: Tire (OEM) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 30: GCC: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 31: GCC: Tire (Replacement) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 32: GCC: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 33: GCC: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2017 & 2022
Figure 34: GCC: Tire (Passenger Cars) Market: Breakup by Rim Size (in %), 2022
Figure 35: GCC: Tire (Passenger Cars) Market: Breakup by Tire Size (in %), 2022
Figure 36: GCC: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 37: GCC: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 38: GCC: Tire (Light Commercial Vehicles) Market: Breakup by Rim Size (in %), 2022
Figure 39: GCC: Tire (Light Commercial Vehicles) Market: Breakup by Tire Size (in %), 2022
Figure 40: GCC: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 41: GCC: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 42: GCC: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Rim Size (in %), 2022
Figure 43: GCC: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Tire Size (in %), 2022
Figure 44: GCC: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 45: GCC: Tire (Two Wheelers) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 46: GCC: Tire (Two Wheelers) Market: Breakup by Rim Size (in %), 2022
Figure 47: GCC: Tire (Two Wheelers) Market: Breakup by Tire Size (in %), 2022
Figure 48: GCC: Tire (Two Wheelers) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 49: GCC: Tire (Three Wheelers) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 50: GCC: Tire (Three Wheelers) Market: Breakup by Rim Size (in %), 2022
Figure 51: GCC: Tire (Three Wheelers) Market: Breakup by Tire Size (in %), 2022
Figure 52: GCC: Tire (Three Wheelers) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 53: GCC: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 54: GCC: Tire (Off-The-Road) Market: Breakup by Rim Size (in %), 2022
Figure 55: GCC: Tire (Off-The-Road) Market: Breakup by Tire Size (in %), 2022
Figure 56: GCC: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 57: GCC: Tire (Offline Sales) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 58: GCC: Tire (Offline Sales) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 59: GCC: Tire (Online Sales) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 60: GCC: Tire (Online Sales) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 61: Saudi Arabia: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 62: Saudi Arabia: Tire Market: Breakup by Type (in %), 2022
Figure 63: Saudi Arabia: Tire Market: Breakup by Application (in %), 2022
Figure 64: Saudi Arabia: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 65: Saudi Arabia: Tire Market: Breakup by Key Players (in %), 2022
Figure 66: UAE: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 67: UAE: Tire Market: Breakup by Type (in %), 2022
Figure 68: UAE: Tire Market: Breakup by Application (in %), 2022
Figure 69: UAE: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 70: UAE: Tire Market: Breakup by Key Players (in %), 2022
Figure 71: GCC: Tire Market: Share of Key Players (in %), 2022
Figure 72: Tire Manufacturing: Detailed Process Flow
Figure 73: Tire Manufacturing: Conversion Rate of Products
Figure 74: Tire Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 75: Tire Industry: Profit Margins at Various Levels of the Supply Chain
Figure 76: Tire Production: Manufacturing Cost Breakup (in %)


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