The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Tire Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
GCC Tire Industry Analytical Overview (2022-2027): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, GCC Tire Market is projected to grow at a CAGR of around 4.8% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022 to 2027.
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What is Included in GCC Tire Market Segmentation?
The report has segmented the market into the following categories:
By Vehicle Type
– Passenger Cars
– – SUV
– – Sedan
– – Hatchback & Bakkies
– Light Commercial Vehicles (LCV)
– – Light Trucks
– – Light Buses
– – Pickup trucks & Vans
– Medium & High Commercial Vehicles
– – Bus
– – Truck
– Two Wheelers
– – Moped
– – Scooters
– – Motorcycles
– Off the Road (OTR)
– – Earthmoving Equipment
– – Material Handling Equipment
– – Industrial & Mining Equipment
Here, Passenger Cars are projected to display the fastest growth in the GCC Tire Market during the forecast period. It owes principally to their growing sales due to the swiftly improving economic status, changing living standards, and a surging inclination toward private ownership of vehicles, thereby expanding the vehicle fleet and directly impacting the tire market across GCC.
By Demand Type
– OEM
– Replacement
By Type of Tire
– Radial
– Bias
By Season
– All Season
– Summer
By Rim Size
– Upto 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 Price Category
– Low
– Medium
– High
– By Country
– Saudi Arabia
– UAE
– Qatar
– Kuwait
– Bahrain
– Oman
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Who are the Key Players Operating in the GCC Tire Industry?
The top companies of the GCC Tire market ruling the industry are:
- Hankook
- Bridgestone
- Goodyear
- Michelin
- Continental
- Toyo
- Kumho
- Apollo
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Tire Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Tire industry?
- Which is the Leading segment in the market?
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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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