Qatar Tire Market Share, Trends, Demand, Business Challenges, Key Manufacturers, Competition and Growth Opportunities Till 2033

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Qatar Tire Market Share, Trends, Demand, Business Challenges, Key Manufacturers, Competition and Growth Opportunities Till 2033: SPER Market Research



 Published: Oct-2023
 Author: SPER Analyst


Qatar Tire Market is projected to be worth USD 2.26 billion by 2033 and is anticipated to surge at a CAGR of 6.35%.

A tyre encircles the rim of the wheel to distribute the weight of the car from the axle through the wheel to the ground and to create traction on the road. The majority of tyres, including those for vehicles and bicycles, are pneumatically inflated units that furthermore include a flexible cushion to absorb stress as the tyre travels over uneven ground. Applying a bearing pressure that won't result in the surface deforming excessively allows the contact patch, the footprint that tyres give, to be adjusted to match the vehicle's weight with the surface's bearing capacity.

Qatar Tire Market Driving Factors and Challenges
The main factors behind the tyre market's expansion are the sales of passenger automobiles and construction equipment, both of which are anticipated to increase in Qatar over the next few years. The tyre sector in the nation should benefit from this. Because they are widely accessible and less expensive than flagship brands, Chinese tyre brands have a considerable position in Qatar's tyre market. This is due to the fact that imports and replacement goods dominate the market. Weather conditions in Qatar make the typical tyre shell life only last four years. The short product lifespans, growing development projects brought on by the Qatar National Vision Plan 2030, and infrastructure projects associated with the FIFA World Cup 2022 are anticipated to be beneficial for the Qatar tyre industry. The additional elements driving the demand for tyres in Qatar is the growing government emphasis on infrastructure improvements, which has led to swiftly accelerating development projects in the country and rising sales of medium and heavy commercial vehicles. The top players are anticipating profitable growth prospects to increase their import and distribution capacities in order to fulfil the expanding demand for tyres across the country in the ensuing years.


However there are several challenges that limit the expansion of tyre market in Qatar. The primary factors that could restrict the extensive use of rubber in tyre manufacture and, consequently, restrain Qatar's tyre market's expansion are the rising worries regarding carbon emissions and the stringent government laws designed to reduce them. The fluctuating price of raw materials, which affects the total cost of making tyres and makes it challenging for tyre producers to set a fixed price, is another important issue that is projected to restrict the market's growth over the upcoming years.

Impact of COVID-19 on Qatar Tire Market
The decelerating effects of the COVID-19 pandemic in Qatar had an impact on both the automotive and tyre industries, having a double-edged impact on both industries. Even though the government imposed strict mobility restrictions and recurrent lockdowns to stop the spread of this deadly disease, the major market players had to deal with a number of novel issues, particularly with regard to the production, importation, and distribution of tyres throughout the nation. A number of significant issues prevented the market from expanding, including supply chain interruptions that made raw materials unavailable, delays in the delivery of already-produced goods, fluctuations in the price of raw materials and finished goods, and project cancellations.

Qatar Tire Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Apollo Tyres Ltd., Bridgestone Corporation, Continental AG, Goodyear Tires, Hankook Tire Co. Ltd., Michelin AIM FZE, Pirelli Tyre (Suisse) SA Middle East Branch, TOYO Tire & Rubber Co., Ltd., Yokohama Ali Bin Khalifa Al Hitmi & Co., Others.


Qatar Tire Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, Qatar Tire Market is segmented as; Light Commercial Vehicles (Light Buses, Light Trucks, Pickup Trucks & Vans), Medium & Heavy Commercial Vehicles (Bus, Truck), Off the Road (Earthmoving Equipment, Industrial & Mining Equipment, Material Handling Equipment), Passenger Cars (Hatchback & Bakkies, Sedan, SUV), Two Wheelers (Moped, Motorcycles, Scooters).

By Demand Category: Based on the Demand Category, Qatar Tire Market is segmented as; OEM, Replacement.

By Tire Type: Based on the Tire Type, Qatar Tire Market is segmented as; Bias, Radial (Tube, Tubeless).

By Rim Size: Based on the Rim Size, Qatar Tire Market is segmented as; Up to 12, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”.

By Region: This research also includes data for Ad Dawhah, AI Khor, AI Rayyan, AI Wakrah.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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