Markntel Advisors’ report, UAE Tire Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2027, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the UAE Tire presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
UAE Tire Market Research Report & Market Summary:
The UAE Tire Market is projected to grow at around 3.8% CAGR during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the burgeoning vehicle sales owing to improving per capita income & living standards, vehicles becoming a status symbol, surging number of private vehicle ownership, and an escalating number of female drivers across the UAE.
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UAE Tire Market Dynamics:
Key Driver-
Stringent Safety Regulations by the UAE Government for Vehicle & Tire Maintenance – Since the number of road accidents is rising at a concerning rate, the government of the UAE is imposing stringent regulations for vehicles owners to timely inspect the condition of their vehicles & tires and provide necessary them with replacements whenever required. These measures are principally to reduce & eliminate the possibilities of accidents in the future, which, in turn, would fuel the sales of tires and drive the UAE Tire Market in the coming years.
UAE Tire Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses and Trucks
- Economy and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
Here, Passenger cars dominated the UAE Tire Market with the largest share in recent years. It attributes principally to the increasing establishment of prominent automakers & tire manufacturers across the UAE, coupled with their active participation in the market with the introduction of new vehicles & tire models, to expand their product portfolio & visibility across the country and boost the tire industry during the forecast period.
By Demand Category
- OEM
- Replacement
Of both, OEM (Original Equipment Manufacturer) acquired the lion’s share of the UAE Tire Market in recent years. It was principally due to the rapid establishment of prominent automakers & tire manufacturers across the UAE and their massive production of automobiles & tires in the country, displaying an extensive availability of products at OEMs. Besides, the growing number of OEMs of prominent companies is also for expanding the product portfolio & visibility across the country.
By Type of Tire
- Radial
- Bias
Of both, Radial Tires acquired the largest share of the UAE Tire Market, and the same trend is likely to be followed over the forecast years. It owes to their benefits like robust grip, better vehicle control, excellent durability & load capacity, vehicle stability, & enhanced fuel efficiency, among others.
By Sales Channel
- Dealer/Exclusive Outlets
- Online
- Others
Here, Online sales channels are anticipated to gain significant momentum in the UAE Tire Market over the forecast years, principally due to the rapid inclination of consumers toward digital platforms as a primary store for purchasing goods owing to ease of access and hassle-free deliveries.
By Season
- All season
- Summer
By Price Category
- Budget
- Economy
- Premium
By Rim Diameter
- Up to 12”
- 1” to 15”
- 1.” to 18”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
By Region
- Ras-al-Khaimah
- Dubai
- Abu Dhabi
- Sharjah
- Others.
As indicated in the latest market research report published by Markntel Advisors, “UAE Tire Research Report: Forecast (2022-2027)”, this report offers a detailed analysis of the industry, featuring insights into the UAE Tire industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/uae-tire-market-analysis.html
Top Companies Operating in the UAE Tire Market:
- Continental
- Bridgestone
- Yokohama
- Hankook
- Goodyear
- Michelin
- Kumho
- Pirelli
- Sumitomo
- Toyo.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & UAE Tire Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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