UAE Tire Market to Register 11% CAGR until 2025: TechSci Research

Increasing adoption of passenger cars for personal use and pickup trucks for both commercial and personal use coupled with increasing fleet of commercial vehicles to boost UAE tire market

According to TechSci Research report, UAE Tire Market by Vehicle Type, By Radial vs Bias, By Sales Channel,  By Region, Competition, Forecast & Opportunities, 2025, UAE tire market is anticipated to grow at over 11% to surpass $ 420 million by 2020, owing to rising demand for passenger cars including SUVs and sedans due to the increase in off-roading activities, sports activities, increase of personal use and rising number of tourists in the country. Low cost of fuel, increasing disposable income of people and good road conditions are expected to positively influence the tire market in the UAE during the forecast period. Continuous business expansion of leading tire companies in the country by enriching their product portfolio and customer outreach through dealer additions is anticipated to intensify the competition in the country’s tire market over the course of the next five years. Companies in the UAE are also introducing more performance-oriented tires to better suit different driving conditions, which is further anticipated to promote the level of technological advancements in the UAE tire market. Dubai accounts for the maximum share in the UAE tire market on account of large fleet of passenger cars, increasing number of tourists, rising off roading activities and growing number of construction projects in Dubai.

 

Browse more than 20 market data Figures spread through over 70 Pages and an in-depth TOC on    "UAE Tire Market"

https://www.techsciresearch.com/report/uae-tire-market/1753.html

UAE tire market can be segmented based on vehicle type,  by radial vs bias and by region. In terms of vehicle type, passenger car tire segment dominates the country’s tire market and the trend is expected to continue in the forthcoming years as well. Tires for SUVs will continue to dominate the passenger car tire market due to increasing off roading and sporting activities across the country. In terms of sales channel, the offline sales channel for tires in the UAE is dominating the market and will continue to dominate the market over the next five years. But during the forecast period, the online sales channel is expected to grow at a robust pace.

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Bridgestone, Michelin, Dunlop, Hankook, Yokohama among others are some of the leading players operating in UAE tire market. Apart from the flagship companies, many Chinese players are also increasing their footprint in the UAE tire market by pushing their low-cost products in the market. “Dubai dominated the UAE tire market in 2019, backed by increase in passenger car fleet size, increase in personal transportation and growth of several sporting as well as off roading activities. Demand for tires is anticipated to increase in Abu Dhabi and Sharjah regions as well in coming years, on account of rising number of tourists and on account of increase in commercial projects. The country is anticipated to undergo major infrastructure transformations in energy, communication, transport, water, health and housing sectors in the coming years. This is projected to boost demand for automobiles as well as tires in the country over medium to long term.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based North America management consulting firm.

UAE Tire Market by Vehicle Type, By Radial vs Bias, By Sales Channel,  By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future growth potential of UAE tire market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE tire market.

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