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Saudi Arabia has one of the highest number of per capita vehicles, globally. In 2013, about 0.74 million units of commercial vehicles and passenger cars were sold in the Kingdom. For More Details: http://bit.ly/1DwdJRy
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Category : Automotive Market Research Reports Aarkstore - Saudi Arabia Tyre Market Forecast and Opportunities, 2019 Browse Complete Report – http://www.aarkstore.com/automotive/81732/saudi-arabia-tyre-market-forecast-and-opportunities
Summary Saudi Arabia has one of the highest number of per capita vehicles, globally. In 2013, about 0.74 million units of commercial vehicles and passenger cars were sold in the Kingdom. Saudi Arabia hugely lacks in terms of vehicle production as only a handful automobile assembly units are located across the country. As a result, the entire domestic demand for automobiles as well as tyres is met solely through imports. However, expanding growth potential in the automobile sector is attracting several vehicle manufacturers to Saudi Arabia. Japanese car maker Isuzu has constructed a production facility in Dammam Industrial City 2 and plans to manufacture about 25,000 light trucks and heavy duty trucks by 2017, primarily to address swelling domestic as well as exports demand from the MENA region. This is expected to considerably boost OEM tyre sales in the country over the next five years.
Description of Content According to “Saudi Arabia Tyre Market Forecast & Opportunities, 2019”, the tyre market in Saudi Arabia is forecast to grow at a CAGR of around 17% till 2019. Increasing passenger car sales, expanding automobile fleet size, favorable government policies and significant foreign investments in the automotive sector are some of the key factors propelling tyre demand in Saudi Arabia. Due to extreme weather conditions, replacement period for tyres is relatively shorter, which is also a major reason for increasing replacement tyre sales in the Kingdom. Passenger car tyre is the most dominating segment in the Saudi Arabia tyre market, followed by commercial vehicle tyre and other vehicle tyre segments. The Kingdom’s Western and Central regions, comprising Riyadh, Mecca and Madinah, collectively account for around 57% of the total tyre sales in Saudi Arabia. Besides major Chinese brands, some leading tyre manufacturers like Bridgestone, Michelin, Continental, Goodyear and Yokohama have established themselves as key players in the Saudi Arabia tyre market. “Saudi Arabia Tyre Market Forecast & Opportunities, 2019” discusses following aspects of the tyre market in Saudi Arabia:
Table of Contents Research Methodology 2. Market Overview 3. Analyst View 4. Saudi Arabia Tyre Market Outlook & Forecast 4.1. Market Size & Forecast 4.1.1. By Value 4.1.2. By Volume 4.2. Market Share & Forecast 4.2.1. By Vehicle Type 4.2.2. By Region 4.2.3. By Company 5. Passenger Car Tyre Market Outlook & Forecast 5.1. Market Size & Forecast 5.1.1. By Value 5.1.2. By Volume 5.2. Market Share & Forecast 5.2.1. By Vehicle Type 6. Commercial Vehicle Tyre Market Outlook & Forecast 6.1. Market Size & Forecast 6.1.1. By Value 6.1.2. By Volume 6.2. Market Share & Forecast 6.2.1. By Vehicle Type 7. Other Tyre Market Outlook & Forecast 7.1. Market Size & Forecast 7.1.1. By Value 7.1.2. By Volume
7.2. Market Share & Forecast 7.2.1. By Vehicle Type 8. Saudi Arabia Tyre Market Trade Analysis 8.1. Import Analysis 9. Saudi Arabia Tyre Market Dynamics 9.1. Drivers 9.2. Challenges 10. Policy & Regulatory Landscape 11. Market Trends & Developments 11.1. Tyre Pressure Monitoring System 11.2. Rising Automobile Sales 11.3. Tyre Recycling Projects 11.4. Used Car Market 12. Saudi Arabia Economic Profile 13. Competitive Landscape 13.1. Goodyear Tyre & Rubber Co. 13.2. Bridgestone Corporation 13.3. Michelin AIM 13.4. Pirelli & C. SpA 13.5. Hankook Tire Co. Ltd. 13.6. Continental AG 13.7. Yokohama Rubber Co. Ltd. 14. Strategic Recommendations List Of Tables Table 1: Saudi Arabia Tyre WASP, 2013 & 2019F (USD)
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Saudi Arabia Tyre Market Forecast and Opportunities, 2019 Published: Dec 2014 | 98 Pages According to “Saudi Arabia Tyre Market Forecast & Opportunities, 2019”, the tyre market in Saudi Arabia is forecast to grow at a CAGR of around 17% till 2019.
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