Press Release

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 research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants 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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