Bridgestone Ranked #1 in Customer Satisfaction Survey in UAE
Continuously expanding vehicle
fleet, increasing automobile sales coupled with growing tourism is likely to
drive UAE tire market through 2022
According to TechSci Research report, “UAE
Tire Market By Vehicle Type, By Radial vs Bias, By Online vs Offline Sales
Channel, Competition Forecast & Opportunities, 2012-2022”, the country’s tire market is projected to cross $ 900 million by 2022.
Rising automobile sales and expanding vehicle fleet are two of the major drivers
of the UAE tire market. In addition, rising per capita income is also expected
to positively contribute to the sales of tire in the country over the next five
years.
Browse 38
market data Figures and Tables spread through 93 Pages and an in-depth TOC on "UAE
Tire Market"
https://www.techsciresearch.com/report/uae-tire-market/1753.html
With a majority volume share in 2016, passenger car tires
segment dominated the UAE tire market, followed by the medium & heavy
commercial vehicle tire segment. The dominance of passenger cars is on account
of rising sales of passenger cars as well as expanding passenger car fleet.
Additionally, with rising number of nuclear families, demand for passenger cars
is also likely to increase further in the coming years, thereby resulting in surge
in demand for passenger car tires through 2022. Chinese brands are quite
popular in the UAE tire market, followed by Japan’s Bridgestone and France’s
Michelin. These brands accounted for a cumulative share of more than 60% in 2016
in the UAE tire market. The popularity of these brands is backed by their
strong market presence and high product quality due to which Bridgestone was
also ranked #1 by customer satisfaction survey conducted by TechSci.
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Radial tires are the most preferred type of tires in the
UAE and the segment grabbed a volume share of over 90% in 2016. In 2016, more
than 95% of tires were sold through the offline mode in the UAE, however, with
rising internet penetration, online sales of tires are anticipated to increase
in the coming years. Among regions, majority of the demand emanates from Dubai and
Abu Dhabi, and this trend is expected to prevail through 2022. “With developing
infrastructure in the country, demand for tires is expected to grow at a robust
pace in the UAE over the next five years. Furthermore, stabilizing crude oil
prices along with the reviving economy is further expected to spur demand in
the country’s automobile sector as well as in the replacement tire category
through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“UAE Tire Market By
Vehicle Type, By Radial vs Bias, By Online vs Offline Sales Channel,
Competition Forecast & Opportunities, 2012-2022” has analyzed the potential
of tire market across UAE, and provides statistics and information on market
sizes, shares and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. Besides, the report also identifies and analyzes emerging
trends along with essential drivers and key challenges faced by the industry.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
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employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
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