DUBLIN--(BUSINESS WIRE)--The "GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to ResearchAndMarkets.com's offering.
The GCC tire market reached a volume of nearly 40 Million Units in 2016, growing at a CAGR of more than 6% during 2009-2016.
In the GCC countries, only a small section of consumers contributes to the sales of new vehicles, whereas, the majority of them prefer used vehicles. As a result, there is a high demand for tires, particularly replacement tire, for the used cars. This emerges as a major force behind the growth of the tire market in the region. Apart from this, many consumers also like upgrading and customising their vehicles, and change tires as per their requirements. Some of the other growth inducing factors include rising immigration rates and the establishment of local tire manufacturing facilities. Further, the market is expected to reach a volume of around 55 Million Units by 2022.
The market is segmented on the basis of type, including OEM and replacement tires. An evaluation of the market on the basis of key applications is also given, which include passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The market is also segmented on a regional basis, covering the major GCC countries. These include Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman. Amongst these, Saudi Arabia represents the largest market for tires, followed by UAE and Kuwait. An analysis of the competitive landscape provides the details of the key players operative in the market.
Some of the major players are:
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Tire Industry
6 GCC Tire Industry
7 Performance of Key Regions
8 Market by Type
9 Market by Application
10 Competitive Landscape
11 Tire Manufacturing Process
12 Project Details, Requirements and Costs Involved
13 Loans and Financial Assistance
14 Project Economics
15 Key Player Profiles
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