Saudi Arabia tyre market forecast & opportunities, 2018

2013

TechSci Research TechSci Research

2013

TechSci Research Market Intelligence Experts

Saudi Arabia Tyre Market Forecast & Opportunities, 2018

Saudi Arabia Tyre Market Forecast & Opportunities, 2018 © TechSci Research Page 2

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Table of Contents

1. Executive Summary 2. Saudi Arabia Tyre Market Outlook

2.1. Market Size & Forecast 2.1.1. By Value 2.1.2. By Volume

2.2. Market Share & Forecast 2.2.1. By Segment 2.2.2. By Region

3. Saudi Arabia Replacement Tyre Market 3.1. Market Size & Forecast

3.1.1. By Value 3.1.2. By Volume

4. Saudi Arabia Passenger Car Tyre Market Outlook 4.1. Market Size & Forecast


4.2. Market Share & Forecast 4.2.1. By Segment

5. Saudi Arabia Commercial Vehicle Tyre Market Outlook 5.1. Market Size & Forecast



6. Saudi Arabia Other Tyre Market Outlook 6.1. Market Size & Forecast



7. Raw Material Analysis 8. Trade Dynamics

8.1. Import 8.2. Export

9. Sales Distribution Analysis 10. SWOT Analysis of Saudi Arabia Automotive Market 11. Market Dynamics

11.1. Drivers 11.2. Challenges

12. Policy and Regulatory Landscape 13. Market Trends & Developments

13.1. Tyre Pressure Monitoring System (TPMS) 13.2. Automobile Sales 13.3. Tyre Recycling Projects 13.4. Used Car Market 13.5. Small Cars Market

14. Saudi Arabia Economic Outlook 15. Competitive Landscape

15.1. Goodyear 15.2. Bridgestone 15.3. Michelin 15.4. Pirelli 15.5. Hankook


15.6. Continental 15.7. Yokohama

16. Strategic Recommendations 17. Research Methodology 18. Disclaimer


List of Figures

Figure 1: Saudi Arabia Tyre Market Size, By Value, 2006-2012 (USD Billion)

Figure 2: Saudi Arabia Tyre Market Size, By Value, 2013E-2018F, (USD Billion)

Figure 3: Saudi Arabia Tyre Market Size, By Volume, 2006-2012 (Million Units)

Figure 4: Saudi Arabia Tyre Market Size, By Volume, 2013E-2018F (Million Units)

Figure 5: Saudi Arabia Tyre Market Share, By Segment, By Volume, 2012

Figure 6: Saudi Arabia Tyre Market Share, By Segment, By Volume, 2018F

Figure 7: Saudi Arabia Tyre Market Share, By Region, By Volume, 2012

Figure 8: Saudi Arabia Tyre Market Share, By Region, By Volume, 2018F

Figure 9: Saudi Arabia Replacement Tyre Market Size, By Value, 2009-2018F (USD Billion)

Figure 10: Saudi Arabia Replacement Tyre Market Size, By Volume, 2009-2018F (Million Units)

Figure 11: Saudi Arabia Passenger Car Tyre Market Size, By Value, 2009-2012 (USD Million)

Figure 12: Saudi Arabia Passenger Car Tyre Market Size, By Value, 2013E-2018F (USD Billion)

Figure 13: Saudi Arabia Passenger Car Tyre Market Size, By Volume, 2009-2012 (Million Units)

Figure 14: Saudi Arabia Passenger Car Tyre Market Size, By Volume, 2013E-2018F (Million Units)

Figure 15: Saudi Arabia Passenger Car Tyre Market Share, By Segment, By Volume, 2012

Figure 16: Saudi Arabia Passenger Car Tyre Market Share, By Segment, By Volume, 2018F

Figure 17: Saudi Arabia Commercial Vehicle Tyre Market Size, By Value, 2009-2012 (USD Billion)

Figure 18: Saudi Arabia Commercial Vehicle Tyre Market Size, By Value, 2013E-2018F (USD Billion)

Figure 19: Saudi Arabia Commercial Vehicle Tyre Market Size, By Volume, 2009-2012 (Million Units)

Figure 20: Saudi Arabia Commercial Vehicle Tyre Market Size, By Volume, 2013E-2018F (Million Units)

Figure 21: Saudi Arabia Commercial Vehicle Tyre Market Share, By Segment, By Volume, 2012

Figure 22: Saudi Arabia Commercial Vehicle Tyre Market Share, By Segment, By Volume, 2018F

Figure 23: Saudi Arabia Other Tyre Market Size, By Value, 2009-2012 (USD Million)

Figure 24: Saudi Arabia Other Tyre Market Size, By Value, 2013E-2018F (USD Million)

Figure 25: Saudi Arabia Other Tyre Market Size, By Volume, 2009-2012 (Million Units)

Figure 26: Saudi Arabia Other Tyre Market Size, By Volume, 2013E-2018F (Million Units)

Figure 27: Saudi Arabia Other Market Share, By Segment, By Volume, 2012

Figure 28: Saudi Arabia Other Market Share, By Segment, By Volume, 2018

Figure 29: Raw Material Share in Tyre Manufacturing, 2012

Figure 30: Raw Material Cost, By Segment (%), 2012

Figure 31: World Rubber Consumption, 2008-2014F (Thousand Tons)

Figure 32: Saudi Arabia Total Import, By Value, 2006-2012 (USD Billion)

Figure 33: Saudi Arabia Tyre Import, By Volume, 2006-2018F (Million Units)

Figure 34: Saudi Arabia Total Export, By Value, 2006-2012 (USD Billion)

Figure 35: Saudi Arabia Tyre Re-Export, By Volume, 2006-2018F (Thousand Units)

Figure 36: Saudi Arabia Tyre Market: Distribution Channel Analysis

Figure 37: Saudi Arabia Automotive Sales, By Volume, 2006-2012 (Thousand Units)

Figure 38: Saudi Arabia GDP, 2010-2016F (USD Billion)

Figure 39: Saudi Arabia GDP Per Capita, 2010-2016F (USD)

Figure 40: Saudi Arabia GDP by PPP Per Capita, 2010-2016F (USD)

Figure 41: Saudi Arabia Inflation Rate, By Consumer Price, 2010-2016F

Figure 42: Saudi Arabia Population, 2010-2016F (Million)


List of Tables

Table 1: Saudi Arabia Tyre Sales, By Segment, By Volume, 2006-2018F

Table 2: Saudi Arabia Tyre Market: Import Duties

Table 3: Company Profile: Goodyear Tyre & Rubber Co.

Table 4: Company Profile: Bridgestone Corporation

Table 5: Company Profile: Michelin Tyre PLC

Table 6: Company Profile: Pirelli & C. SpA

Table 7: Company Profile: Hankook Tire Co. Ltd.

Table 8: Company Profile: Continental AG

Table 9: Company Profile: Yokohama Rubber Co. Ltd.


Saudi Arabia Tyre Market Outlook

The Middle East is witnessing a XXXXXXX of investments and the regional markets are

XXXXXXX fast as a result of increasing population base, including natives and expatriates and

XXXXXX purchasing power of the people. Saudi Arabia is one of the XXXXXX economies in the

world and the largest in the Middle East.

The automotive market in Saudi Arabia is XXXXXX fast, however, the country relies on

XXXXXX to meet the majority of its automotive demand. The demand for automobiles in the

country is XXXXXXX at a XXXXX rate. XXXXX disposable income, XXXXX taxes on personal

income, etc. are few of the factors that are contributing significantly towards the XXXXX of

passenger car sales. XXXXXX demand of commercial vehicles such as trucks and heavy duty

trucks can be attributed to the XXXXXX construction sector. The XXXXXX demand for

automobiles is creating demand for tyres in the replacement market.

The Saudi Arabian tyre market is one of the XXXXXXX markets in the Middle East. The

XXXXXX per capita income, XXXXXXX automotive sector and XXXXXXX re-export market for

tyres are the key drivers for the tyre market in the country. As the country is the largest XXXXXX

of oil, the XXXXXX in oil prices is contributing to the country’s economic development. In

addition, the economic development is contributing to the XXXXXX of the automotive sector,

which is eventually contributing to the XXXXXXXX demand for tyres in the country.

As the country, entirely relies on XXXXXX for meeting its tyre demand, the prices of tyres are

XXXXXXX as compared to the countries with domestic tyre production facilities. This is because

the custom duties, freight charges, etc. add up to the total cost of the tyres. The market for tyres

is also XXXXXXX as a result of the country’s geographic position. The hot and humid climate in

the country shortens the life of tyres because of which the vehicles require replacement after an


interval of one and a half years. The XXXXXXXX replacement of tyres is contributing

significantly to the demand of tyres for replacement.


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Research Methodology

With the top management of more than 20 years’ experience in developed and emerging

markets, TechSci’s research methodology tender an exceptional combination of connoisseur

industry knowledge and in-country local research expertise. TechSci Research move towards

building market consensus view of size, shape, structure, environment and trends across each

category.

Our dedicated team of industry experts intensively monitored and analyzed various aspects

governing the performance of Saudi Arabia’s tyre market. The team has analyzed the

constructive outlooks of various segments and speculated a positive future of the industry

ahead. Taking in to consideration, various government initiatives, private investments, and

regulatory involvement, our team of analysts have provided a prudent analysis of the industry’s

performance in future. This would facilitate our clients in planning their investment decision and

explore several growth opportunities in this field.

For our study, we have gathered information through primary research surveys with vendors,

channel partners and customers followed by an exhaustive search of credible paid databases

such as LexisNexis, EIU, Hoovers, etc. Our team of experts have been prudently evaluated all

the collected information and personated them in chronological order to depict a meaningful and

clear picture of Saudi Arabia’s tyre market.

It is worth to mention here that while compiling the data we have also crossed checked all the

collected information from multiple sources and data warehouses so that we can present the

most accurate and precise information of the concerned industry.

In addition, we have also identified and analyzed all emerging trends including the important

drivers and challenges that the industry is confronting. Along with this, we have also identified


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Saudi Arabia Tyre Market Forecast &

Opportunities, 2018

the possible growth areas in terms of expected sales in the country. With the coordination of

these factors, we have presented a coherent analysis of the performance of the Saudi Arabia

tyre industry in detail.

We have also presented various forecasts for the industry. The forecasts are based on our

economic and judgmental analysis on the basis of analyzed drivers, challenges and

opportunities prevalent in the industry. Most importantly, while forecasting, we have given due

consideration to the R&D investments, sector demand, and developments which are essential in

determining the prospective growth potentials of the sector. Thus, our report has intended to

depict the most unbiased picture of Saudi Arabia’s tyre industry that will prove decisive to our

clients.