UAE Tire Market Forecast & Opportunities to 2021 - Key Vendors are Bridgestone, Continental & Pirelli Tyre - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "UAE Tire Market Forecast & Opportunities, 2021" report to their offering.

The demand for tires in the UAE grew at a CAGR of over 5% through 2021. Increasing construction activities, growing urbanization, booming tourism sector and increasing per capita GDP are driving adoption of new tire technologies in the country.

Further, passenger car tire segment dominated demand for tires in the country and the segment is anticipated to continue dominating the UAE tire market through 2021. Although, Chinese branded tires are extremely popular in the country due to their cheaper prices, few of the major flagship tire brands operating in the country include Michelin, Pirelli, Goodyear and Bridgestone.

Despite being impacted by falling oil prices and uncertainties prevailing across neighbouring countries, automobile market in the UAE grew during 2011-2015. As per OICA, motorization rate (for passenger cars and commercial vehicles) in the UAE stood at 216 vehicles per 1,000 people as of 2014. This is projected to drive demand for tires in the country in the coming years as well. Increasing sales of vehicles and expanding vehicle fleet size is projected to pump growth in replacement demand for tires in the country during 2016-2021.

Companies Mentioned:

  • Bridgestone Middle East & Africa FZE
  • Continental AG
  • Goodyear Middle East FZE
  • Hankook Tire Co., Ltd.
  • Kumho Tire Co. Inc
  • Michelin AIM FZE
  • Pirelli Tyre S.p.A
  • Sumitomo Rubber Middle East FZE
  • Toyo Tire & Rubber Co., Ltd
  • Yokohama Rubber Co., Ltd.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. UAE Tire Market Outlook

5. UAE Passenger Car Tire Market Outlook

6. UAE Medium & Heavy Commercial Vehicle Tire Market Outlook

7. UAE Light Commercial Vehicle Tire Market Outlook

8. UAE Off-The-Road (OTR) Tire Market Outlook

9. UAE Two-Wheeler Tire Market Outlook

10. Import-Export Analysis

11. Market Dynamics

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. UAE Economic Profile

15. Competitive Landscape

16. Strategic Recommendation

For more information about this report visit http://www.researchandmarkets.com/research/546x9q/uae_tire_market

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Tires

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Automotive Tires