According to Markntel Advisors Report, UAE Tire Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
The tire industry in the UAE is extensive and impacted directly by the automotive sector. Hence, the growing sales of vehicles like Passenger Cars, Light Commercial Vehicles, Buses Trucks, Economy Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, among others, in the UAE are positively influencing the demand for tires like Radial Bias through distribution channels like dealers/exclusive outlets online platforms. Besides, with the growing competition between prominent tire manufacturing companies across the UAE, tires are now becoming easily available at affordable price categories, ranging from Budget, Economy, to Premium, while exhibiting high performance excellent driving experiences on different terrains.
UAE Tire Market Research Report Summary:
The UAE Tire Market is projected to grow at around 3.8% CAGR during the forecast period, i.e., 2022-27.
Time Period Captured in the Report:
- Historical Years: 2017-20
- Base Years: 2021
- Forecast Years: 2022-27
Who are the Key Players Operating in the UAE Tire Market?
The top companies of the UAE Tire Market ruling the industry are:
Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Kumho, Pirelli, Sumitomo, Toyo
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What is Included in UAE Tire Market Segmentation?
The UAE Tire Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses and Trucks
- Economy and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- By Demand Category
- OEM
- Replacement
- By Type of Tire
- Radial
- Bias
- By Sales Channel
- Dealer/Exclusive Outlets
- Online
- Others
- By Season
- All season
- Summer
- By Price Category
- Budget
- Economy
- Premium
- By Rim Diameter
- Up to 12”
- 12.1” to 15”
- 15.1.” to 18”
- 18.1” to 20”
- 20.1” to 22.5”
- 22.6” to 26”
- 26.1” to 35”
- 35.1” to 47”
- Above 47”
- By Region
- Ras-al-Khaimah
- Dubai
- Abu Dhabi
- Sharjah
- Others
Explore the Complete UAE Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/uae-tire-market-analysis.html
Market Dynamics:
Key Driver: Stringent Safety Regulations by the UAE Government for Vehicle Tire Maintenance
Since the number of road accidents is rising at a concerning rate, the government of the UAE is imposing stringent regulations for vehicles owners to timely inspect the condition of their vehicles tires and provide necessary them with replacements whenever required. These measures are principally to reduce eliminate the possibilities of accidents in the future, which, in turn, would fuel the sales of tires and drive the UAE Tire Market in the coming years.
Possible Restraint: Alarming Environmental Concerns over the Use of Rubber Tires
Rubber, the base material used for tire production, is a prominent contributor to environmental degradation. Due to this, the UAE government has laid out stringent restrictions to curb the adverse effects. When tires are burnt, they produce harmful acid smoke leave behind an oily residue. Additionally, these fires are not extinguishable and may continue burning for several weeks. Hence, the massive tire production disposal of rubber tires as waste might restrain the growth of the UAE Tire Market in the coming years.
Growth Opportunity: Rapidly Expanding Online Platforms across the UAE
The Covid-19 pandemic has resulted in a crucial role of online platforms in the supply of goods across different locations. As a result, several tire manufacturers are increasingly adopting this digital transformation and providing customers with dedicated online platforms to buy tires. It, in turn, is generating lucrative opportunities for the leading players to expand their product portfolio visibility across the country and contribute to the overall expansion of the UAE Tire Market in the coming years.
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