Better Understanding of UAE Tire market

The growth of UAE Tire market is projected to driven primarily by the burgeoning vehicle sales owing to improving per capita income and living standards, vehicles becoming a status symbol, surging number of private vehicle ownership, and an escalating number of female. Moreover, the rising emphasis on the UAE government toward economic diversification is leading to massive investments in infrastructure development, further raising construction activities, and propelling the demand for robust tires across UAE.

According to the latest report published by Markntel Advisors, the UAE Tire Market is projected to grow at around 3.8% CAGR during the forecast period, i.e., 2022-27.

Market Analytical Overview

• Historical Years: 2017–2020​
• Base Year: 2021​
• Forecast Period: 2022–2027​
• Leading Segment: Passenger Cars​
• Leading Region: Dubai​
• CAGR: 3.8%​
• Market Size: Projected in USD Million/Billion​

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UAE Tire Market Segmentation Analysis 2022

The industry is further bifurcated into:

Based on Type of Vehicles:

• Passenger Car,
• Light Commercial Vehicle,
• Medium and Heavy Commercial Vehicles,
• Off the Road (OTR),
• Two Wheelers

Based on Demand Category:

• OEM
• Replacement

Based on Type of Tires:

• Radial
• Bias

Based on Sales Channel:

• Dealer/Exclusive Outlets,
• Online
• Others

Based on Season:

• All season,
• Winter and Summer

Based on Price Category:

• Budget,
• Economy,
• Premium

Based on Rim Diameter:

• Up to 12”,
• 1” to 15”,
• 1.” to 18”,
• 1” to 20”,
• 1” to 22.5”,
• 6” to 26”,
• 1” to 35”,
• 1” to 47”,
• Above 47”

Based on Region:

• Dubai,
• Abu Dhabi,
• Sharjah,
• Ras-al-Khaimah,
• Others

Access Full Report [Table + Description] – https://www.marknteladvisors.com/research-library/uae-tire-market-analysis.html

UAE Tire Market Trends

• Vehicle Ownership: Rising per capita income and changing lifestyles have led to increased private vehicle ownership, particularly among women, boosting tire demand.
• Infrastructure Projects: Government investments in infrastructure are propelling the need for heavy commercial vehicles, thereby increasing demand for robust tires.
• Tourism Growth: The expanding tourism sector necessitates more public transportation and adventure vehicles, further driving tire sales.

Leading Players in UAE Tire Market

Prominent companies in the UAE tire market include:

• Continental,
• Bridgestone,
• Yokohama,
• Hankook,
• Goodyear,
• Michelin,
• Kumho,
• Pirelli,
• Sumitomo,
• Toyo

FAQs

Q: What is the projected growth rate of the UAE tire market by 2027?

A: The market is expected to grow at a CAGR of 3.8% during the forecast period.

Q: Which vehicle segment leads the UAE tire market?

A: Passenger cars hold the largest market share, driven by increased private vehicle ownership.

Q: What are the main factors driving tire demand in the UAE?

A: Key drivers include rising vehicle ownership, infrastructure development, and growth in tourism activities.

Q: How is the online sales channel impacting the UAE tire market?

A: Online platforms are gaining momentum, offering consumers convenience and a wider selection of tire options.

Q: Are there eco-friendly tire options available in the UAE?

A: Yes, manufacturers are introducing sustainable tire options to meet environmental standards and consumer preferences.

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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