Middle East & Africa Tire (Tyre) Market Research Report, 2027

Middle East & Africa tire market is expected to grow at a CAGR of more than 10% in terms of value from 2022 to 2027. This report consist industry trends & major growing factors.

Featured Companies

  • 1. Bridgestone
  • 2. Apollo Tyres
  • 3. Ceat Tyres
  • 4. Continental
  • 5. Giti Tire
  • 6. Goodyear Tyres
  • More...

Tire refers to a rubber covering, placed around the rim of metallic wheel to provide flexible cushion with road for traction and smooth acceleration. The modern pneumatic tires are generally made up of synthetic rubber, natural rubber, fabric, wire, carbon black and other chemical compounds. Best quality of tire helps in increasing vehicle’s performance, reduces wear and tear, minimizing rolling resistance, improves mileage and traction, and enhances grip for safety. Owing to this, tire has wide applications in two-wheelers, passenger vehicles, light and commercial trucks, buses, and military vehicles. The Middle East and African tyre market is a rapidly developing market. As the economies in the region are rapidly growing and infrastructure development is taking place throughout the region; the Middle East and Africa tyre market find itself on a suitable pedestal to grow upon. According to the report title, “Middle East and Africa Tire Market Research Report, 2027”, published by Actual Market Research the market is evaluated to be more than 110 Million units as of 2022 and is expected to be growing at a CAGR of more than 10% in terms of value from 2022 to 2027. In order to assess and study the regional trends and patterns in the Middle East and Africa tyre market, the research has been approached by looking at the market through appropriate segments and classification. The segments that were made during the comprehensive evaluation of the markets were based on vehicle types, end-use demand, and the demand for tyres based on their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2-wheeler vehicles, 3 wheelers, and other vehicles including bicycles. The categorization based on end-use demand includes demand for replacement tyres and OEM demand for tyres. Based on design types, the tyre market is segmented as radial tyres and bias-ply tyres. To have a broader understanding of the landscape of the tyre market in the Middle East and Africa, further segmentation has been made based on countries, and the sales channels through which the products are made available to the distributors and customers. The market is expected to grow throughout the forecast period due to large scale mining activity prevalent in the different countries of the region. Along with this the growth of the market is on the back of developing public infrastructure in the region, during the forecast period. By type, radial tyres lead the overall Middle East and Africa tire market Revenue due to their superior performance and durability as compared to biased tyres. Furthermore, in terms of applications, the construction segment dominates the tyres market in the Middle East and Africa region as the countries are focusing on developing public infrastructure as a part of their vision guidelines.

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The Middle East and Africa tyre market is majorly driven by Saudi Arabia contributing about 1/4th of the overall regional tyre market. UAE and Qatar contribute the least to the Middle East and Africa tyre market revenue as of 2021 by having a share in single digits. As some of the major countries in the Middle East and Africa region are characterized by having high spending capability among their residents, the growth of the tyre market is well-positioned to exploit high growth opportunities. From 2022 to 2027, the rest of the Middle East and Africa regional markets combined excluding the major economies are projected to be registering a growth rate of more than 12%. As of 2021, it was derived that about 89.56 Million units of passenger car tyres were sold in the region, making it one of the major drivers of the tyre market in the region. 3 wheeler and other tyres are expected to be the fastest-growing category during the 2022 to 2027 period, expected to grow at a CAGR of more than 10% in volume terms. COVID-19 Impact The market in the region was affected by the pandemic like every other vertical across the globe. The impact on the tire market was crucially negative with both the OEM and replacement segment observing decline. The halt in the production of Automobiles in the market which was observed due to the onset of lockdowns hindered the growth of the market. Along with this the travel restrictions caused a declining demand in the replacement sector. Key Players: Apollo Tires, Bridgestone, CEAT Tires, Continental, Giti, Goodyears Tires, Hankook, JK tires, Kenda Kumho, Maxxis International, Michelin, MRF, Nexen Tire Corp, Pirelli, Sumitomo Rubber Industries, Titan International , Toyo Tire Corporation, Triangle Tire Co, Yokohama, Doublestar Tire, Linglong, Nankang

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Kripa Shah

Kripa Shah

Senior Analyst

Considered in the report • Geography: Middle East and Africa • Base Year: 2021 • Historical year: 2016 • Forecasted Year: 2027 Countries covered • UAE • Saudi • Qatar • South Africa • Rest of the Middle East and Africa Aspects covered in the report • Market Size by Value (2016-2027F) • Market Size by Volume (2016-2027F) • Market Share by Vehicle Type • Market Share by End Use • Market Share by Design • Market Share by Sales Channel • Market Share by Country

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Kripa Shah

The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Automotive and Transport industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Bridgestone
  • Apollo Tyres
  • Ceat Tyres
  • Continental
  • Giti Tire
  • Goodyear Tyres
  • Hankook Tire
  • JK Tyre
  • Kenda Rubber
  • Kumho Tires
  • Maxxis International
  • Michelin
  • MRF
  • Nexen Tire Corp
  • Nokian Tyres
  • Pirelli
  • Sumitomo Rubber Industries
  • Titan International
  • Toyo Tire Corporation
  • Triangle Tyre Co
  • Yokohama
  • Doublestar Tire
  • Linglong
  • Nankang

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic / Demographic Snapshot
  • 5. Global Tire Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Size by Volume
  • 5.3. Market Share
  • 5.3.1. By Vehicle Type
  • 5.3.2. By End Use
  • 5.3.3. By Design
  • 5.3.4. By Sales Channels
  • 5.3.5. By Region
  • 5.3.6. By Country
  • 5.3.7. By Company
  • 6. Middle East & Africa Tire Market Outlook
  • 6.1. Market Size by Value
  • 6.2. Market Size by Volume
  • 6.3. Market Share
  • 6.3.1. By Vehicle Type
  • 6.3.2. By End Use
  • 6.3.3. By Design
  • 6.3.4. By Sales Channels
  • 6.3.5. By Country
  • 6.4. UAE Tire Market Outlook
  • 6.4.1. Market Size by Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Vehicle Type
  • 6.4.2.2. By End Use
  • 6.4.2.3. By Design
  • 6.5. Saudi Arabia Tire Market Outlook
  • 6.5.1. Market Size by Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Vehicle Type
  • 6.5.2.2. By End Use
  • 6.5.2.3. By Design
  • 6.6. Qatar Tire Market Outlook
  • 6.6.1. Market Size by Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Vehicle Type
  • 6.6.2.2. By End Use
  • 6.6.2.3. By Design
  • 6.7. South Africa Tire Market Outlook
  • 6.7.1. Market Size by Value
  • 6.7.2. Market Share
  • 6.7.2.1. By Vehicle Type
  • 6.7.2.2. By End Use
  • 6.7.2.3. By Design
  • 7. Market Dynamics
  • 7.1. Key Drivers
  • 7.2. Key Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXXXXXXXX
  • 8.2. XXXXXXXXXXX
  • 8.3. XXXXXXXXXXX
  • 8.4. XXXXXXXXXXX
  • 9. Company Profiles
  • 9.1. Apollo Tires
  • 9.2. Bridgestone
  • 9.3. CEAT Tires
  • 9.4. Continental
  • 9.5. Cooper Tires
  • 9.6. Giti
  • 9.7. Goodyear Tires
  • 9.8. Hankook
  • 9.9. JK Tires
  • 9.10. Kenda
  • 9.11. Kumho
  • 9.12. Maxxis International
  • 9.13. Michelin
  • 9.14. MRF
  • 9.15. Nexen Tire Corp
  • 9.16. Nokian Tires
  • 9.17. Pirelli
  • 9.18. Sumitomo Rubber Industries
  • 9.19. Titan International
  • 9.20. Toyo Tire Corporation
  • 9.21. Triangle Tire Co
  • 9.22. Yokohama Co
  • 10. Company Overview
  • 10.1. Doublestar Tire
  • 10.2. Linglong
  • 10.3. Nankang
  • 11. Strategic Recommendations
  • 12. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2021
Table 2: Economic Snapshot of Other Prominent Countries 2021
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Tire Market Share By Vehicle Type (Volume) (2016, 2021 & 2027F)
Table 5: Global Tire Market Share By End Use (2016, 2021 & 2027F)
Table 6: Global Tire Market Share By Design (2016, 2021 & 2027F)
Table 7: Global Tire Market Share By Sales Channel (2016, 2021 & 2027F)
Table 8: Global Tire Market Share by Region (2016, 2021 & 2027F)
Table 9: Global Tire Market Share by Country (2016, 2021 & 2027F)
Table 10: Global Tire Market Share by Company (2021)
Table 11: Middle East & Africa Tire Market Share By Vehicle Type (Volume) (2016, 2021 & 2027F)
Table 12: Middle East & Africa Tire Market Share By End Use (2016, 2021 & 2027F)
Table 13: Middle East & Africa Tire Market Share By Design (2016, 2021 & 2027F)
Table 14: Middle East & Africa Tire Market Share By Sales Channel (2016, 2021 & 2027F)
Table 15: Middle East & Africa Tire Market Share by Country (2016, 2021 & 2027F)
Table 16: UAE Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 17: UAE Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 18: UAE Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 19: UAE Tire Market Share By End Use (2016, 2021 & 2027F)
Table 20: UAE Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 21: UAE Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 22: UAE Tire Market Share By Design (2016, 2021 & 2027F)
Table 23: UAE Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 24: UAE Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 25: Saudi Arabia Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 26: Saudi Arabia Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 27: Saudi Arabia Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 28: Saudi Arabia Tire Market Share By End Use (2016, 2021 & 2027F)
Table 29: Saudi Arabia Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 30: Saudi Arabia Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 31: Saudi Arabia Tire Market Share By Design (2016, 2021 & 2027F)
Table 32: Saudi Arabia Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 33: Saudi Arabia Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 34: Qatar Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 35: Qatar Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 36: Qatar Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 37: Qatar Tire Market Share By End Use (2016, 2021 & 2027F)
Table 38: Qatar Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 39: Qatar Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 40: Qatar Tire Market Share By Design (2016, 2021 & 2027F)
Table 41: Qatar Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 42: Qatar Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 43: South Africa Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 44: South Africa Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 45: South Africa Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 46: South Africa Tire Market Share By End Use (2016, 2021 & 2027F)
Table 47: South Africa Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 48: South Africa Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 49: South Africa Tire Market Share By Design (2016, 2021 & 2027F)
Table 50: South Africa Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 51: South Africa Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 52: Key Facts of Apollo Tires
Table 53: Key Facts of Bridgestone
Table 54: Key Facts of Ceat Tires
Table 55: Key Facts of Continental
Table 56: Key Facts of Cooper Tires
Table 57: Key Facts of Giti Tire
Table 58: Key Facts of Goodyear Tires
Table 59: Key Facts of Hankook Tire
Table 60: Key Facts of JK Tire
Table 61: Key Facts of Kenda Rubber
Table 62: Key Facts of Kumho Tires
Table 63: Key Facts of Maxxis International
Table 64: Key Facts of Michelin
Table 65: Key Facts of MRF
Table 66: Key Facts of Nexen Tire Corp
Table 67: Key Facts of Nokian Tires
Table 68: Key Facts of Pirelli
Table 69: Key Facts of Sumitomo Rubber Industries
Table 70: Key Facts of Titan International
Table 71: Key Facts of Toyo Tire Corporation
Table 72: Key Facts of Triangle Tire Co
Table 73: Key Facts of Yokohama Co

List of Figures
Figure 1: Global Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Tire Market Size – By Volume 2016 to 2027F (In Million Units)
Figure 3: Middle East & Africa Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 4: Middle East & Africa Tire Market Size – By Volume 2016 to 2027F (Million Units)
Figure 5: UAE Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 6: Saudi Arabia Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 7: Qatar Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 8: South Africa Tire Market Size – By Value 2016 to 2027F (In USD Billion)

Market Research FAQs

The market is evaluated to be more than 100 Million units as of 2020

The market is expected to be growing at a CAGR of more than 10% in terms of value from 2021 to 2026

The Middle East and Africa Tire market is majorly driven by Saudi Arabia contributing about 1/4th of the overall regional Tire market.

3 wheeler and other Tires are expected to be the fastest-growing category during the 2021 to 2026 period, expected to grow at a CAGR of more than 10% in volume terms.

Apollo Tires, Bridgestone, Continental, Cooper Tires, Goodyear Tires, Hankook Tire, Maxxis International, Michelin, MRF, Pirelli
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Middle East & Africa Tire (Tyre) Market Research Report, 2027

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