Market by Tire Type, Rim Size, Distribution Channel, and Country Outlook | Forecast 2022-2028
As per Triton’s research report, the tire aftermarket, tire replacement market in the Middle East and Africa is set to register revenue growth at a CAGR of 3.95% during the forecast period 2022-2028.
Report scope can be customized per your requirements - Request Free Sample Report
The
countries assessed in the region comprise:
•
The United Arab Emirates
•
Saudi Arabia
•
Turkey
•
South Africa
• Israel
•
Rest of Middle East & Africa
In
the region, Saudi Arabia accounts for the highest shares in the market. Various construction projects widely support
the region’s growth. Moreover, the rise in renovation projects is anticipated
to create demand for tire aftermarket services. The growing safety regulations
are also estimated to propel the region’s tire aftermarket, tire replacement
market on a growth path over the forecast period.
Saudi Arabia is the largest importer of
automotive parts and vehicles in the region. The nation offers raw materials at
competitive prices to automotive manufacturers, contributing to the growth of
the automotive sector. The industry is focusing on attracting domestic and
international investments and increasing export capability, which supports
economic diversification under the Kingdom’s 2030 Vision Plan. Besides this,
the demand for luxury vehicles has grown immensely, which is set to boost the
demand for aftermarket tires.
The United Arab Emirates, on the other hand, is
heavily dependent on imports. While the nation does not have significant
automobile production, there is a high demand for aftermarket tires owing to
the growing adoption of luxury vehicles.
The 16-18 rim size category is expected to
witness significant growth over the forecast period, owing to the high demand
for off-road performance vehicles. This rim size has gained prominence mainly
because it helps provide additional grip, enhances braking performance, and
ride comfort. The market’s growth is
determined mainly based on rim size, distribution channel, and tire type.
The rim size segment includes 16-18 inches, 13-15 inches, 19-21 inches, and
more than 21 inches.
Toyo
Tires, Continental AG, The Yokohama Rubber Co Ltd, MRF, Pirelli & C SpA,
Goodyear Tires, and Apollo Tyres are among the key companies thriving in the
studied market.
Continental AG manufactures and markets brake
systems, tires, infotainment solutions, technical elastomers, and others. It
provides tire and tire replacement solutions for passenger cars, trucks, buses,
and construction vehicles. The company offers products under brands such as
Phoenix, Matador, Uniroyal, etc. Continental serves clients across numerous
counties, including Middle East and African countries.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the tire aftermarket, tire replacement market revenue growth in the Middle East and Africa and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Middle
East and Africa tire aftermarket, tire replacement market’s growth during the
upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market By Vehicle Type, Power ..
VIEW REPORT
Market by Vehicle, Component, ..
VIEW REPORT
Market by Vehicle Type, Displa ..
VIEW REPORT
Market by Component, Applicati ..
VIEW REPORT
Market by Solution, Applicatio ..
VIEW REPORT
Market by Vehicle Type, Applic ..
VIEW REPORT
Market by Vehicle Type, Type, ..
VIEW REPORT
Market by End-user, Vehicle, T ..
VIEW REPORT1. MIDDLE
EAST AND AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. GROWING
INCLINATION TOWARD THE DEVELOPMENT OF AIRLESS TIRES
2.1.2. TIRE
CUSTOMIZATION AND PERSONALIZATION ACCELERATE MARKET EXPANSION
2.2. IMPACT
OF COVID-19 ON TIRE AFTERMARKET, TIRE REPLACEMENT MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. MERGERS
& ACQUISITIONS
2.6.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.6.3. PARTNERSHIPS
2.6.4. BUSINESS
EXPANSIONS & DIVESTITURES
2.7. MARKET
DRIVERS
2.7.1. SPIKE
IN DEMAND FOR FUEL-EFFICIENT TIRES
2.7.2. MANDATORY
TIRE LABELING NORMS
2.7.3. RISING
RACING TOURNAMENTS BOOSTING TIRE REPLACEMENT
2.8. MARKET
CHALLENGES
2.8.1. UNCERTAINTY
IN THE PRICING OF AUTOMOTIVE RAW MATERIALS
2.8.2. POLITICAL
INSTABILITY IN AFRICAN COUNTRIES
2.9. MARKET
OPPORTUNITY
2.9.1. ELECTRIC
VEHICLE TIRE REPLACEMENT IS A LUCRATIVE SEGMENT
3. MIDDLE
EAST AND AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - BY TIRE TYPE
3.1. RADIAL
TIRE
3.2. BIAS
TIRE
4. MIDDLE
EAST AND AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - BY RIM SIZE
4.1. 13- 15
INCHES
4.2. 16 -18
INCHES
4.3. 19-21
INCHES
4.4. MORE
THAN 21 INCHES
5. MIDDLE
EAST AND AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - BY DISTRIBUTION
CHANNEL
5.1. ORIGINAL
EQUIPMENT SUPPLIER (OES)
5.2. INDEPENDENT
AFTERMARKET (IAM)
6. MIDDLE
EAST AND AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET – COUNTRY OUTLOOK
6.1. UNITED
ARAB EMIRATES
6.2. SAUDI
ARABIA
6.3. TURKEY
6.4. SOUTH
AFRICA
6.5. ISRAEL
6.6. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. MICHELIN
7.2. BRIDGESTONE
CORPORATION
7.3. CONTINENTAL
AG
7.4. GOODYEAR
TIRES
7.5. PIRELLI
& C SPA
7.6. SUMITOMO
RUBBER INDUSTRIES LTD
7.7. TOYO
TIRES
7.8. THE
YOKOHAMA RUBBER CO LTD
7.9. APOLLO
TYRES
7.10. MRF
7.11. CEAT
LIMITED
7.12. NEXEN
TIRE CORPORATION
7.13. HANKOOK
TIRE & TECHNOLOGY CO LTD
7.14. JK
TYRE
7.15. MAXXIS
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028
(IN $ BILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LISTS THE MERGERS
& ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES & DEVELOPMENTS
TABLE 5: LIST OF PARTNERSHIPS
TABLE 6: LIST OF BUSINESS
EXPANSIONS & DIVESTITURES
TABLE 7: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028
(IN $ BILLION)
TABLE 8: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY TIRE TYPE, 2022-2028 (IN $
BILLION)
TABLE 9: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY RIM SIZE, 2022-2028 (IN $
BILLION)
TABLE 10: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY DISTRIBUTION CHANNEL,
2022-2028 (IN $ BILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY TIRE TYPE, 2021 & 2028
(IN %)
FIGURE 3: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY RADIAL TIRE, 2022-2028 (IN
$ BILLION)
FIGURE 4: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY BIAS TIRE, 2022-2028 (IN $
BILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY RIM SIZE, 2021 & 2028
(IN %)
FIGURE 6: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY 13- 15 INCHES, 2022-2028
(IN $ BILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY 16 -18 INCHES, 2022-2028
(IN $ BILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY 19 -21 INCHES, 2022-2028
(IN $ BILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, MORE THAN 21 INCHES,
2022-2028 (IN $ BILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY DISTRIBUTION CHANNEL, 2021
& 2028 (IN %)
FIGURE 11: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY ORIGINAL EQUIPMENT
SUPPLIER (OES), 2022-2028 (IN $ BILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY INDEPENDENT AFTERMARKET
(IAM), 2022-2028 (IN $ BILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET, BY COUNTRY OUTLOOK, 2021
& 2028 (IN %)
FIGURE 14: UNITED ARAB
EMIRATES TIRE AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 15: SAUDI ARABIA TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 16: TURKEY TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 17: SOUTH AFRICA TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 18: ISRAEL TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 19: REST OF MIDDLE EAST
& AFRICA TIRE AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)