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Kuwait Tyre Market Forecast and Opportunities, 2019
asd
Publish Date: March, 2014 No. of Pages: 92
Format: PDF
Electronic Access - Single User License$1800
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Electronic Access - Multi-User License $4500

High Disposable Income coupled with Rapid Growth in Automobile Sector to Boost Tyre Market in Kuwait


Kuwait is one of the wealthiest countries across the globe with more than 95% of urban population. The automobile sales have been growing at a rapid pace in the country, which has consequently driven the demand for tyres in both OEM and replacement markets. The country has a hot and humid climate, which results in shorter replacement period of around 1.5 years for tyres. The demand for technologically improved tyres, which provide more fuel efficiency and enhanced safety is growing in the country. However, in the absence of any tyre manufacturing facility in the country, Kuwait is fully dependent on the imports of tyres. Major global tyre manufacturers such as Bridgestone, Michelin, Yokohama and Goodyear are the leading players in the Kuwait tyre market.

According to “Kuwait Tyre Market Forecast & Opportunities, 2019”, the tyre market in Kuwait is projected to grow at a CAGR of around 11% during 2014-19. The continuous increase in the demand for automobiles coupled with the growing demand for retreaded tyres in the replacement market is expected to drive the tyre industry in Kuwait over the next five years. In 2012, sales of passenger cars grew at a Y-o-Y rate of 16%, while the commercial vehicle sales grew at 25%. Since tyres are replaced at regular intervals in the country, which is relatively more frequent than other countries, the demand for tyres in replacement market continues to grow. “Kuwait Tyre Market Forecast & Opportunities, 2019” report elaborates following aspects of tyre market expansion in Kuwait:
  • Kuwait Tyre Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car, Commercial and OTR
  • Changing Market Trends & Emerging Opportunities
  • Policy & Regulatory Landscape
  • Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of tyre industry in Kuwait.
  • To identify the on-going trends and anticipated growth in the coming years
  • To help industry consultants, tyre manufacturers and other stakeholders to align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing materials.
  • 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 manufacturers and channel partners. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

1.     Executive Summary

2.     Kuwait Tyre Market Outlook

2.1.   Market Size & Forecast

2.1.1. By Value

2.1.2. By Volume

2.2.   Market Share & Forecast

2.2.1. By Region

2.2.2. By Segment

2.2.3. By Company

3.     Kuwait Retreading Tyre Market Outlook

3.1.   Market Size & Forecast

3.1.1. By Value

3.1.2. By Volume

3.2.   Market Share & Forecast

3.2.1. By Segment

4.     Kuwait Passenger Car Tyre Market Outlook

4.1.   Market Size & Forecast

4.1.1. By Value

4.1.2. By Volume

4.2.   Market Share & Forecast

4.2.1. By Segment

5.     Kuwait Commercial Tyre Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2.   Market Share & Forecast

5.2.1. By Segment

6.     Kuwait OTR Tyre Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2.   Market Share & Forecast

6.2.1. By Segment

7.     Sales & Distribution Analysis

8.     Market Dynamics

8.1.   Market Drivers

8.2.   Market Restraints

9.     Policy & Regulatory Landscape

10.  Industry Risk Analysis

11.  Market Trends & Developments

11.1.Seal Inside Technology

11.2.Black/ White Walled Tyres

11.3.Tyre Retread Market

11.4.Automobile Sales

11.5.Unorganized Market

12.  Kuwait Economic Profile

13.  Competitive Landscape

13.1.Porter’s Five Forces Model

13.2.Leading Distributors in Kuwait

13.2.1.   Abdulhadi Al Mailem Trading Co W.L.L.

13.2.2.   Bridgestone Tyre Distributors Co

13.2.3.   Al Mutawa and Sahni Tyres and Spare Parts Co W.L.L.

13.2.4.   Jawhar & Mozaffar Trading Co W.L.L.

13.2.5.   Al Ghannam Tires Center Co W.L.L.

13.2.6.   Al-Sayer Group

13.2.7.   Kuwait Automotive Import Co. W.L.L.

13.3.Company Profiles

13.3.1.   Michelin

13.3.2.   Continental AG

13.3.3.   Hankook Tire Co. Ltd.

13.3.4.   Apollo Tyres Ltd.

13.3.5.   Toyo Tire & Rubber Co., Ltd.

13.3.6.   Yokohama Rubber Co. Ltd.

13.3.7.   Goodyear Tyre & Rubber Co.

13.3.8.   Sumitomo Rubber Industries Ltd.

13.3.9.   Pirelli & Co. SpA

13.3.10. Bridgestone Corporation

14.  Strategic Recommendations

15.  Research Methodology

 

List of Figures

 

Figure 1: Kuwait Tyre Market Size, By Value, 2009-2013 (USD Billion)

Figure 2: Kuwait Tyre Market Size, By Value, 2014E-2019F (USD Billion)

Figure 3: Kuwait Tyre Market Size, By Volume, 2009-2013 (Million Units)

Figure 4: Kuwait Tyre Market Size, By Volume, 2014E-2019F (Million Units)

Figure 5: Kuwait Tyre Market Share, By Region, By Volume, 2013

Figure 6: Kuwait Tyre Market Share, By Region, By Volume, 2019F

Figure 7: Kuwait Tyre Market Share, By Segment, By Volume, 2013

Figure 8: Kuwait Tyre Market Share, By Segment, By Volume, 2019F

Figure 9: Kuwait Tyre Market Share, By Company, By Volume, 2013        

Figure 10: Kuwait Tyre Market Share, By Company, By Volume, 2019F

Figure 11: Kuwait Retreaded Tyre Market Size, By Value, 2009-2013 (USD Million)

Figure 12: Kuwait Retreaded Tyre Market Size, By Value, 2014E-2019F (USD Million)

Figure 13: Kuwait Retreaded Tyre Market Size, By Volume, 2009-2013 (Million Units)

Figure 14: Kuwait Retreaded Tyre Market Size, By Volume, 2014E-2019F (Million Units)

Figure 15: Kuwait Retreaded Tyre Market Share, By Segment, By Volume, 2013

Figure 16: Kuwait Retreaded Tyre Market Share, By Segment, By Volume, 2019F

Figure 17: Kuwait Passenger Car Tyre Market Size, By Value, 2009-2013 (USD Million)

Figure 18: Kuwait Passenger Car Tyre Market Size, By Value, 2014E-2019F (USD Million)

Figure 19: Kuwait Passenger Car Tyre Market Size, By Volume, 2009-2013 (Million Units)

Figure 20: Kuwait Passenger Car Tyre Market Size, By Volume, 2014E-2019F (Million Units)

Figure 21: Kuwait Passenger Car Tyre Market Share, By Segment, By Volume, 2013

Figure 22: Kuwait Passenger Car Tyre Market Share, By Segment, By Volume, 2019F

Figure 23: Kuwait Commercial Tyre Market Size, By Value, 2009-2013 (USD Million)

Figure 24: Kuwait Commercial Tyre Market Size, By Value, 2014E-2019F (USD Million)

Figure 25: Kuwait Commercial Tyre Market Size, By Volume, 2009-2013 (Million Units)

Figure 26: Kuwait Commercial Tyre Market Size, By Volume, 2014E-2019F (Million Units)

Figure 27: Kuwait Commercial Tyre Market Share, By Segment, By Volume, 2013

Figure 28: Kuwait Commercial Tyre Market Share, By Segment, By Volume, 2019F

Figure 29: Kuwait OTR Tyre Market Size, By Value, 2009-2013 (USD Million)

Figure 30: Kuwait OTR Tyre Market Size, By Value, 2014E-2019F (USD Million)

Figure 31: Kuwait OTR Tyre Market Size, By Volume, 2009-2013 (Million Units)

Figure 32: Kuwait OTR Tyre Market Size, By Volume, 2014E-2019F (Million Units)

Figure 33: Kuwait OTR Tyre Market Share, By Segment, By Volume, 2013

Figure 34: Kuwait OTR Tyre Market Share, By Segment, By Volume, 2019F

Figure 35: Kuwait Tyre Market: Distribution Channel Analysis

Figure 36: Kuwait Automobile(Passenger & Commercial Vehicle) Sales, By Volume, 2009-2013 (Thousand Units)

Figure 37: Kuwait GDP, 2010-2016F (USD)

Figure 38: Kuwait GDP Per Capita, 2010-2016F (USD)

Figure 39: Kuwait GDP PPP Per Capita, 2010-2016F (USD)

Figure 40: Kuwait Inflation, By Consumer Price Index (%), 2010-2016F

Figure 41: Kuwait Population Size, 2010-2016F (Million)

Figure 42: Kuwait Tyre Market: Porter’s Five Forces Model

 

 

List of Tables

 

Table 1: Kuwait Tyre Market: Industry Risk Analysis

Table 2: Company Profile: Abdulhadi Al Mailem Trading Co W.L.L.

Table 3: Company Profile: Bridgestone Tyre Distributors Co .

Table 4: Company Profile: Al Mutawa and Sahni Tyres And Spare Parts Co W.L.L

Table 5: Company Profile: Jawhar & Mozaffar Trading Co W.L.L.

Table 6: Company Profile: Al Ghannam Tires Center Co W.L.L.

Table 7: Company Profile: Al-Sayer Engineering

Table 8: Company Profile: Kuwait Automotive Import Co. W.L.L.

Table 9: Company Profile: Michelin

Table 10: Company Profile: Continental AG

Table 11: Company Profile: Hankook Tyre Co. Ltd.

Table 12: Company Profile: Apollo Tyres Ltd.

Table 13: Company Profile: Toyo Tire & Rubber Co., Ltd.

Table 14: Company Profile: Yokohama Rubber Co. Ltd.

Table 15: Company Profile: Goodyear Tyres

Table 16: Company Profile: Sumitomo Rubber Industries

Table 17: Company Profile: Pirelli & Co. SpA

Table 18: Company Profile: Bridgestone

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