UAE Tire Market Growth, Size, Trends, Revenue, Demand, Challenges and Future Competition: SPER Market Research

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Published: Jun 2023	Report ID: AMIN2397	Pages: 1 - 107	Formats^*:
Category : Automotive & Transportation

UAE Tire Market Overview

According to SPER Market Research, the UAE Tire Market is estimated to reach USD 0.98 billion by 2033 with a CAGR 11.24%.

A tire is made of rubber and comprises of a compressed air cushion that fits around the wheel. Its major function is to protect the rim of the wheel while also providing tractive force between the vehicle and the road surface. Tyres also provide a flexible cushion that dampens vibrations and absorbs vehicle shock. The tire market refers to the global industry that encompasses the manufacturing, distribution, and sale of tires for various vehicles, including cars, motorcycles, trucks, buses, and off-road vehicles.

Exploring the Growth Drivers of the UAE Tire Industry

The growth of the tire market in the UAE is primarily fuelled by several factors. Firstly, the increasing vehicle sales can be attributed to the rising per capita income, improving living standards, and the status symbol associated with vehicle ownership. The country has witnessed a surge in the number of private vehicle owners, including a significant rise in the number of female drivers. These trends contribute to the growing demand for tires in the market. Furthermore, favourable government initiatives and strict regulations regarding tire safety also play a significant role in driving market growth. The government's focus on ensuring road safety and promoting responsible driving practices creates a conducive environment for the tire market to thrive.

What challenges does the UAE Tire Market face?

The concerns about the environmental impact of rubber tires is one of the challenge facing by the tire market in UAE. Rubber, the primary material used in tyre manufacturing, is a significant contribution to environmental degradation. As a result, the UAE government has imposed rigorous regulations to mitigate the negative impacts. When tyres are burned, they emit toxic acid fumes and leave an oily residue. Furthermore, these fires are not extinguishable and may burn for several weeks. As a result, the large tyre production and waste disposal of rubber tyres may limit the growth of the UAE Tyre Market in the coming years.

In what ways has the COVID-19 pandemic affected UAE Tire Market?

The Covid-19 pandemic in 2020 had a negative impact on various industries in the UAE, including the tire industry. With the imposition of stringent movement restrictions, travel bans, and nationwide lockdown by the UAE government, the tire market faced a number of challenges, including disruptions in the raw material supply chain, labour shortages, increased demand-supply gaps, delivery delays and cancellations, manufacturing unit shutdowns, and so on. As a result, the top businesses in the UAE tire market suffered enormous financial losses.

Furthermore, certain building projects remained operating during the crisis, resulting in a large increase in demand for heavy truck tyres. However, restricted transportation and logistics made fulfilling the targets difficult. However, as Covid-19 cases decreased, the government relaxed the restrictions and let market operations to resume. As a result, the top players improved their production capacity to satisfy the increasing tyre demand across the country, while also introducing new product lines to increase their visibility and contribute to the market's normal growth rate.

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Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Type of Vehicle, By Type of Tire, By Rim Diameter, By Sales Channel, By End User
Regions covered	Eastern Region, Northern Region, Southern Region, Western Region
Companies Covered	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.

Key Target Audience:

Commercial Vehicle Owners
Distributors
Fleet Operators
Suppliers
Tire manufacturers
Others

UAE Tire Market Segmentation:

1. By Type of Vehicle:

UAE Tire Market Value Share and Forecast, By Type of Vehicle, 2023-2033
Light Commercial Vehicle
Medium and Heavy Commercial Vehicles
Off the Road (OTR)
Passenger Car
Two Wheelers

2. By Type of Tire:

UAE Tire Market Value Share and Forecast, By Type of Tire, 2023-2033
Bias
Radial

3. By Rim Diameter:

UAE Tire Market Value Share and Forecast, By Rim Diameter, 2023-2033
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”

4. By Sales Channel:

UAE Tire Market Value Share and Forecast, By Sales Channel, 2023-2033
Dealer/Exclusive Outlets
Online
Others

5. By Region:

Eastern Region
Northern Region
Southern Region
Western Region

Key Topics Covered in the Report:

UAE Tire Market Size (FY’2023-FY’2033)
Overview of UAE Tire Market
Segmentation of UAE Tire Market By Type of Vehicle (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road, Two Wheelers)
Segmentation of UAE Tire Market By Type of Tire (Radial, Bias)
Segmentation of UAE Tire Market By Rim Diameter (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”)
Segmentation of UAE Tire Market By Sales Channel (Dealer/Exclusive Outlets, Online, Others)
Segmentation of UAE Tire Market By End User (OEM, Replacements)
Statistical Snap of UAE Tire Market
Growth Analysis of UAE Tire Market
Problems and Challenges in UAE Tire Market
Competitive Landscape in the UAE Tire Market
Impact of COVID-19 and Demonetization on UAE Tire Market
Details on Recent Investment in UAE Tire Market
Competitive Analysis of UAE Tire Market
Key Players in the UAE Tire Market
SWOT Analysis of UAE Tire Market
UAE Tire Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the UAE Tire Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. UAE Tire Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in UAE Tire Market

7. UAE Tire Market, By Type of Vehicle (USD Million)

7.1. UAE Tire Market Value Share and Forecast, By Type of Vehicle, 2023-2033
7.2. Light Commercial Vehicle
7.3. Medium and Heavy Commercial Vehicles
7.4. Off the Road (OTR)
7.5. Passenger Car
7.6. Two Wheelers

8. UAE Tire Market, By Type of Tire (USD Million)

8.1. UAE Tire Market Value Share and Forecast, By Type of Tire, 2023-2033
8.2. Bias
8.3. Radial

9. UAE Tire Market, By Rim Diameter (USD Million)

9.1. UAE Tire Market Value Share and Forecast, By Rim Diameter, 2023-2033
9.2. Upto 12”
9.3. 12.1” to 15”
9.4. 15.1.” to 18”
9.5. 18.1” to 20”
9.6. 20.1” to 22.5”
9.7. 22.6” to 26”
9.8. 26.1” to 35”
9.9. 35.1” to 47”
9.10. Above 47”

10. UAE Tire Market, By Sales Channel (USD Million)

10.1. UAE Tire Market Value Share and Forecast, By Sales Channel, 2023-2033
10.2. Dealer/Exclusive Outlets
10.3. Online
10.4. Others

11. UAE Tire Market, By End User (USD Million)

11.1. UAE Tire Market Value Share and Forecast, By Type of Tire, 2023-2033
11.2. OEM
11.3. Replacements

12. UAE Tire Market Forecast, 2019-2033 (USD Million)

12.1. UAE Tire Market Size and Market Share

13. UAE Tire Market, By Type of Vehicle, 2019-2033 (USD Million)

13.1. UAE Tire Market Size and Market Share By Type of Vehicle (2019-2026)
13.2. UAE Tire Market Size and Market Share By Type of Vehicle (2027-2033)

14. UAE Tire Market, By Type of Tire, 2019-2033 (USD Million)

14.1. UAE Tire Market Size and Market Share By Type of Tire (2019-2026)
14.2. UAE Tire Market Size and Market Share By Type of Tire (2027-2033)

15. UAE Tire Market, By Rim Diameter, 2019-2033 (USD Million)

15.1. UAE Tire Market Size and Market Share By Rim Diameter (2019-2026)
15.2. UAE Tire Market Size and Market Share By Rim Diameter (2027-2033)

16. UAE Tire Market, By Sales Channel, 2019-2033 (USD Million)

16.1. UAE Tire Market Size and Market Share By Sales Channel (2019-2026)
16.2. UAE Tire Market Size and Market Share By Sales Channel (2027-2033)

17. UAE Tire Market, By End User, 2019-2033 (USD Million)

17.1. UAE Tire Market Size and Market Share By End User (2019-2026)
17.2. UAE Tire Market Size and Market Share By End User (2027-2033)

18. UAE Tire Market, By Region, 2019-2033 (USD Million)

18.1. UAE Tire Market Size and Market Share by Region (2019-2026)
18.2. UAE Tire Market Size and Market Share by Region (2027-2033)
18.3. Eastern Region
18.4. Northern Region
18.5. Southern Region
18.6. Western Region

19. Company Profile

19.1. Bridgestone Corporation
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Cooper Tire and Rubber Company
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Dunlop Tyres
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Firestone Tire and Rubber Company
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Goodyear Tire and Rubber Company
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Hankook Tire & Technology
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Michelin
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Pirelli & C. S.p.A.
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Yokohama Rubber Company
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Others

20. List of Abbreviations

21. Reference Links

22. Conclusion

23. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is UAE Tire Market?

UAE Tire Market is projected to reach USD 0.98 billion by 2033, growing at a CAGR of 11.24% during the forecast period.

What is the growth rate of UAE Tire Market?

UAE Tire Market grew in market size from 2023. The Market is expected to reach USD 0.98 billion by 2033, at a CAGR of 11.24% during the forecast period.

What is the anticipated CAGR of UAE Tire Market during the forecast period?

UAE Tire Market CAGR of 11.24% during the forecast period.

What is the market size of UAE Tire Market?

UAE Tire Market size is USD 0.98 billion from 2023 to 2033.

How can I get a sample report on UAE Tire Market?

You can get the sample pages by clicking the link -Click Here

Which segment is expected to lead UAE Tire Market?

UAE Tire Market Segment is Covered By Type of Vehicle, By Type of Tire, By Rim Diameter, By Sales Channel, By End User

Which region is expected to have the highest market share in UAE Tire Market?

The Middle East region is anticipated to have the highest market share in UAE Tire Market.

Who are the key players in UAE Tire Market?

The key players in the market include Companies Covered 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.

What is the conclusion of UAE Tire Market?

The country has witnessed a surge in the number of private vehicle owners, including a significant rise in the number of female drivers.