The GCC Tire Market is projected to grow by around 4.8% CAGR during the forecast period, i.e., 2020-25, cites a recent research study conducted by MarkNtel Advisors. The key highlights of the research report include the industry growth drivers, restraints, opportunities, trends, & extensive insights into the market dynamics amidst the Covid-19 crisis. Besides, a thorough analysis of the GCC Tire Market across various segments, countries, and leading competitors has also been added to the study.
The study provides a predictable market size for 2020 based on demand and price analysis. The report forecasts the GCC Tire market size to 2025 in both the short and long term. The COVID-19 pandemic has had an unfavorable influence on various markets, where small and medium-sized firms are struggling to stay afloat in the short term.
The growth of the market is attributed to the rising number of UAE and Saudi Arabia government initiatives to setup tire manufacturing facilities in Jubail and Abu Dhabi. Moreover, the extensive investment made by the governments toward the infrastructure and construction sector, a host of international events, rapid urbanization, and burgeoning demand for luxury vehicles among people is some of the factors fueling the growth of the market. Moreover, the rising inclination toward electric vehicles in order to curb the emission level is also projected to strongly contribute toward the growth of the market in the forecast period.
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Key points covered in the report:
- GCC Tire Market dynamics, market size, trend analysis, leading market players, opportunities, recent developments.
-Economy synopsis and forecast analysis for 2020-2025.
-The research on GCC Tire Industry includes a detailed analysis of the key market participants.
-Market strategies that are increasingly being used by prominent GCC Tire Companies.
-Assessment of market factors including market growth drivers, significant challengers, inhibitors, and opportunities.
-Strategic profiling of key market players and thorough evaluation of their growth tactics.
-PESTEL Analysis, Porter’s Five Forces Model, Competitors Analysis, Value Chain Analysis, Recommendations and Price Analysis.
The study is beneficial for industry stakeholders in justifying numerous key questions, such as which market segments should be targeted, marketing strategies to be applied, revenue generation techniques, in order to strategize investments and take advantage of market growth.
“We are constantly monitoring the changing dynamics of the Covid-19 outbreak & provide detailed impact analysis on the market”.
Key Companies & Market Share Insights:
Owing to the vast number of major and small-scale manufacturers, the market is extremely concentrated and competitive. Major corporations pursue numerous marketing tactics, such as geographic expansion, in order to boost sales and capitalize on new businesses and markets for new and existing products/services. Major industry players are: Carrier, Aftron, Trane, Daiken, LG, Mitsubishi, etc
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Market Segmentation includes:
The GCC Tire Market is categorized. This section brings the segmentation statistics and provides insights regarding growing and dominating segments. The data has been represented using charts and graphs to make it reader friendly.
GCC Tire Market Fragments, By Vehicle Type
- Passenger Cars
- SUV
- Sedan
- Hatchback & Bakkies
- Light Commercial Vehicles (LCV)
- Light Trucks
- Light Buses
- Pickup trucks & Vans
- Medium & High Commercial Vehicles
- Bus
- Truck
- Two Wheelers
- Moped
- Scooters
- Motorcycles
- Off the Road (OTR)
- Earthmoving Equipment
- Material Handling Equipment
- Industrial & Mining Equipment
GCC Tire Market Fragments, By Demand Type
- OEM
- Replacement
GCC Tire Market Fragments, By Type of Tire
- Radial
- Bias
GCC Tire Market Fragments, By Season
- All Season
- Summer
GCC Tire Market Fragments, By Rim Size
- 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”
GCC Tire Market Fragments, By Price Category
- Low
- Medium
- High
GCC Tire Market Fragments, By Country
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Oman
The study outlines all of the issues that are being faced by GCC Tire Market. This enables the reader to gain a better understanding of the market and grab the lucrative opportunities. The analysts conducted a thorough examination of the current market scenario while concentrating on new business objectives. A comprehensive evaluation of evolving stakeholders’ needs and the entire environment study is included.
Recommendations:
To grab the market opportunities, the analysts at MarkNtel Advisors provide strategic recommendations based on the statistical data and other relevant information. These recommendations are well researched and meant to boost the growth of the business considering the ongoing crisis of the Covid-19 pandemic. Our team uses the best research techniques and the latest methodology to provide cost-effective measures to the stakeholders and deliver professional services.
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About Us:
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.
If you are looking for a custom-made report, feel free to reach out MarkNtel Advisors & avail customization facilities get connect at sales@marknteladvisors.com and call at +1 604 800 2571.
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