UAE Automotive Tire Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Players and Future Investment Strategies Till 2033


UAE Automotive Tire Market Share, Trends, Revenue, Growth Drivers, Challenges, Key Players and Future Investment Strategies Till 2033: SPER Market Research

 Published: Jun-2023
 Author: SPER Analyst

UAE Tire Market is projected to be worth USD 0.98 billion by 2033 and is anticipated to surge at a CAGR of 11.24%.

A tyre is a material circle that surrounds the rim of a wheel. A tyre is a flexible material membrane that surrounds a rim and distributes the weight of the vehicle to the road while also providing high adhesion between the road and the vehicle. Tyres are made from fabric, wire, natural rubber, carbon black, and synthetic rubber. They are both strong and flexible, which helps with vibration absorption. 

UAE Tire Market Driving Factors and Challenges
UAE tire market is driven by many factors. One of the factor is the high number of existing construction projects and more in the pipeline, the demand for medium and heavy commercial vehicles is likely to increase during the projection period. The continued focus of prominent tyre firms across the country on increasing dealerships and expanding their tyre product offering is expected to increase competitiveness in the UAE tyre market. Tyre manufacturers are also focusing more on developing performance-oriented tyres to better fit various driving conditions, which is expected to raise the level of technological improvements in the UAE tyre market in the approaching years.

The flourishing tourism industry in the UAE is another crucial factor driving the demand for tires. The growing number of tourists visiting the country has led to an increased demand for public transportation vehicles. Additionally, there is a rising demand for sports vehicles, especially for adventure and off-roading activities, further boosting the tire market.

Increased pollution as a result of rubber tire use is the main challenge faced by the tire market in UAE. Due to tire safety regulations, large amounts of rubber tyres are disposed of as waste in the UAE. Tyre burning emits toxic smoke that is severely damaging to individuals and the environment. These problems are a key impediment to the expansion of the UAE tyre market.

Moreover, the presence of counterfeit tires in the market poses a significant challenge. These fake tires, which do not meet quality standards, not only undermine the reputation of genuine tire manufacturers but also jeopardize road safety for consumers. Combatting counterfeit products requires stringent measures, including effective regulatory enforcement and public awareness campaigns.

Impact of COVID-19 on UAE Tire Market
The abrupt emergence of the COVID-19 greatly slowed the UAE's economic activities. As a result, the UAE tire market faced a number of hurdles in order to overcome the instability generated by the epidemic. Because the government imposed a rigorous lockdown, imports and exports were temporarily prohibited, resulting in a tyre shortage during this time. Furthermore, fewer replacement tyres were sold as a result of shutdown limitations. Furthermore, demand for automobiles fell precipitously during this period, causing the tyre industry to suffer massive losses. 

UAE 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; Michelin, Goodyear Tire and Rubber Company, Dunlop Tyres, Continental AG, Bridgestone Corporation, Pirelli & C. S.p.A., Yokohama Rubber Company, Cooper Tire and Rubber Company, Hankook Tire & Technology, Firestone Tire and Rubber Company, Others. 

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UAE Tire Market Segmentation:

By Type of Vehicle: Based on Vehicle, UAE Tire Market is segmented as; Medium and Heavy Commercial Vehicles, Off the Road, Passenger Car, Light Commercial Vehicle, Two Wheelers.

By Type of Tire: Based on the Type of Tire, UAE Tire Market is segmented as; Radial, Bias.

By Rim Diameter: Based on the Rim Diameter, UAE Tire Market is segmented as; Upto 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 Sales Channel: Based on the Sales Channel, UAE Tire Market is segmented as; Dealer/Exclusive Outlets, Online, Others.

By End User: Based on the End User, UAE Tire Market is segmented as; OEM, Replacements.

By Region: This study also includes data for the Northern Region, Eastern Region, Western Region, and Southern Region.

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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