LONDON, Sept. 21, 2016 /PRNewswire/ -- Persistence Market Research (PMR) offers a ten-year forecast of the Kingdom of Saudi Arabia (KSA) tire market between 2016 and 2026. The report defines 2015 as the base year and provides data for the following 10 years. In terms of market value, the KSA tire market is expected to register a CAGR of 10.8% during the forecast period.
This research report provides a detailed analysis of the KSA tire market while identifying the factors contributing to the growth of the market across the key province. This study offers insights into the market dynamics and trends of various regional markets that are influencing the current nature and future dynamics of the KSA tire market during the forecast period.
The report provides insights on various tire product types that include pneumatic and non-pneumatic. The increase in the demand of vehicle sale and favorable government policy is a major factor creating a significant growth in KSA tire market. In order to meet varying consumer demands, manufacturers and new players in the market are investing in R&D initiatives to develop and launch new and innovative products, which is met through imports in the kingdom. A detailed analysis by each product type further empowers clients to formulate strategies for every stage of their business.
As per the analysis, product availability plays a very important role, and hence this report further offers an in-depth analysis of the number of tire retail outlets in the kingdom and their impact analysis. The growth of the KSA tire market is primarily driven by robust sales through channels such as original equipment manufacturer (OEM) and Replacement. This report covers all the data and analysis on growth and strategic insights on sales channel in the market.
Increasing product penetration in markets in the various province through replacement channel is getting prominence in the kingdom. Sales of a tire through e-Commerce is further anticipated to result in significant growth over the forecast period, owing to increasing penetration of the Internet in various untapped markets across the Kingdom. This report offers business insights to clients about how all channels are contributing to growth and enhancement of this rapidly growing market.
The next section of the report includes analysis of the KSA tire market on the basis of vehicle type. It provides a market outlook for 2016–2026 and sets the forecast within the context of tire markets. This study discusses the tire market size and its dynamics on the basis of a type of end use vehicle (two-wheeler, four wheeler, aircraft & others). It talks about the market share of each of the segment in the overall KSA tire market. Four-wheeler vehicle tire segment is the prominent segment among the rest three types of vehicle segment. The four-wheeler tire segment is further bifurcated on the basis of type (passenger car, commercial car, others) for the period 2016-2026.
In the final section of the report, a competitive landscape has been provided to present the client with a dashboard view of various comparison points including brand share, product offerings, strategy, and technology amongst others. It also enables identification and evaluation of key competitors based on an in-depth assessment of their capabilities and success in the marketplace.
Report covers in-depth analysis on the following key segments:
By product Type
By Vehicle type
By Product type, the market is segmented into:
By Vehicle type, the market is segmented into:
Others (three wheeler)
By Application, the market is segmented into:
By Region, the market is segmented into:
Key companies covered:
The Bridgestone Group
Goodyear Tire and Rubber Company
Pirelli & C Spa
Hankook Tire Company
Cooper tire & rubber company
Yokohama Rubber Company Ltd.
Toyo Tire & Rubber Company Ltd.
Apollo Tyres Ltd.
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