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Saudi Arabia Tyre Market Forecast and Opportunities, 2020
 

Bharat Book Bureau provides the report, on “Saudi Arabia Tyre Market Forecast and Opportunities, 2020”.  In 2014, the country’s central region accounted for the largest share in the tyre market, followed by western, eastern, southern and northern region of Saudi Arabia. (https://www.bharatbook.com/automotive-market-research-reports-315113/saudi-arabia-tyre-forecast-opportunities.html)

July 27th 2015- Mumbai, India: Bharatbook.com announces a report on “Saudi Arabia Tyre Market Forecast and Opportunities, 2020”. This trend is likely to continue through 2020 as consumer tend to opt for Chinese tyres due to their highly discounted prices compared to branded tyres.

Saudi Arabia is one of the leading automotive markets  in the Middle East (https://www.bharatbook.com/automotive-market-research-reports-315113/saudi-arabia-tyre-forecast-opportunities.html). Demand for tyres in the country, which is met through imports, has been increasing at a rapid pace on account of growing vehicle sales over the last five years. Shortening tyre replacement period coupled with increasing automobile sales are expected to drive the country’s tyre industry through 2020. Increase in infrastructure development activities, favorable government policies and surging foreign investments in automotive sector are anticipated to fuel the demand for vehicles, and thereby tyres, in Saudi Arabia in the coming years. One of the major trends that has been gaining increasing market traction over the last decade has been growing sales of tyres in the unorganized tyre market; a segment that is hugely dominated by Chinese tyre brands. This trend is likely to continue through 2020 as consumer tend to opt for Chinese tyres due to their highly discounted prices compared to branded tyres.

According to this Research report “Saudi Arabia Tyre Market Forecast & Opportunities, 2020”, tyre market in Saudi Arabia is forecast to grow at a CAGR of over 13% during 2015-20. During 2010-14, passenger car tyre segment dominated the country’s tyre market, followed by the commercial vehicle tyre segment, and the same trend is expected to continue over the next five years. In 2014, the country’s central region accounted for the largest share in the tyre market, followed by western, eastern, southern and northern region of Saudi Arabia. Major global tyre companies that currently operate in the country include Bridgestone, Continental and Michelin. “Saudi Arabia Tyre Market Forecast and Opportunities, 2020” report discusses the following aspects:

• Saudi Arabia Tyre Market Size, Share & Forecast

• Segmental Analysis – Passenger Car Tyres, Commercial Vehicle Tyres & Others

• Policy & Regulatory Landscape

• Changing Market Trends and Emerging Opportunities

• Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

• To gain an in-depth understanding of tyre market in Saudi Arabia

• To identify the on-going trends and segment wise anticipated growth in the coming years

• To help industry consultants, tyre companies and other stakeholders to align their market-centric strategies

• To obtain research based business decision and add weight to presentations and marketing material

• To gain competitive knowledge of leading players

• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tyre distributors and retailers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
 

About Bharat Book Bureau :

Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry analysis, country reports , business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

In case the reports don’t match your requirement then we can do a specialized Custom Research for you. Our multifarious capabilities, cross-sector expertise and detailed knowledge of various markets, put us in a unique position to take up Custom Research demands of yourself.

 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 26706 times
PR Category : Travel & Tourism
Posted on : Monday, August 3, 2015  2:42:00 PM UAE local time (GMT+4)
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