Press Release

Tire Market to Grow with a CAGR of 4.79% in Saudi Arabia through to 2028

The major drivers for the Saudi Arabia Tire Market are the growing vehicle sales and the need for replacement tires, driven by urbanization and economic growth.

According to TechSci Research report, “Saudi Arabia Tire Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Saudi Arabia Tire Market stood at USD 513 Million in 2022 and is anticipated to grow with a CAGR of 4.79% in the forecast period, 2024-2028. The Saudi Arabian tire market is on the verge of experiencing significant growth in the coming years. This growth can be attributed to the flourishing automobile sector, which is witnessing a surge in demand, as well as the increasing purchasing power of the population. In addition, the market is characterized by intense competition among key international players, resulting in a continuous influx of cutting-edge products that cater to the ever-evolving needs and preferences of consumers. With a strong emphasis on quality and innovation, the tire market in Saudi Arabia is set to thrive and contribute to the overall development of the automotive industry in the region.

The demand for tires is primarily driven by the robust sales of passenger vehicles, which have been experiencing steady growth in the country. With the increasing number of people opting for personal transportation, there is a surge in the demand for tires to keep up with the rising vehicle count. Additionally, the ongoing expansion and development in the logistics and transportation sectors have also contributed to the increased demand for commercial vehicles. As a result, the tire market is experiencing a significant boost, with manufacturers striving to meet the growing demands of both individual consumers and commercial businesses.

To prioritize safety on the roads, the government has implemented a comprehensive set of strict regulations aimed at ensuring tire safety. These regulations encompass various aspects, including tread depth, tire pressure, and overall tire quality. The emphasis on safety has led to a significant increase in demand for high-quality and durable tires in the market.

In response to this demand, tire manufacturers are continuously investing in research and development to meet the stringent requirements set by the government. They are constantly exploring innovative technologies and materials to create tires that not only meet safety standards but also offer enhanced performance and longevity.

By striving to meet and exceed these rigorous standards, tire manufacturers are committed to providing customers with reliable and long-lasting tire options. This dedication to quality and safety has resulted in the availability of a wide range of tire choices that cater to different driving needs and preferences.

As consumers, it is crucial to recognize the importance of selecting the right tires for our vehicles. By choosing tires that comply with the government's safety regulations and opting for reputable brands known for their commitment to excellence, we can contribute to safer roads and enjoy a smoother and more secure driving experience.

Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on "Saudi Arabia Tire Market 

The Saudi Arabia tire market is a fundamental component of the nation's automotive industry, underpinning the extensive and diverse vehicle fleet comprising passenger cars, trucks, SUVs, buses, and more. These tires are essential not only for vehicle performance but also for ensuring road safety, playing a crucial role in the efficiency of the automotive supply chain. This market caters to a wide array of tire types, including all-season, summer, winter, and specialized tires designed to meet the varying needs of the Saudi automotive landscape, whether it's off-road adventures, high-performance driving, or extreme weather conditions.

Economic growth has been a significant driver of the tire market in Saudi Arabia. The nation's economy, primarily bolstered by the oil industry, has witnessed periods of substantial expansion. This economic prosperity has led to an increase in disposable income among the populace, prompting higher rates of vehicle ownership. As more individuals invest in vehicles, the demand for tires grows, further fueling the growth of the tire market.

Saudi Arabia's consistent investments in infrastructure development and road network expansion have a direct and positive impact on the tire market. The government's commitment to improving the country's transportation infrastructure has resulted in the construction of new roads, highways, and various infrastructure projects. These developments not only require a substantial number of tires for construction vehicles and machinery but also stimulate the demand for tires for passenger vehicles that utilize these newly constructed and upgraded roads. As a result, the expansion of the road network serves as a significant driver of the tire market.

The diverse climatic conditions in Saudi Arabia present unique challenges and opportunities for the tire market. The nation experiences extreme weather variations, from scorching desert heat to sporadic heavy rainfall and flash floods. These climatic shifts can have a profound impact on the lifespan and performance of tires. In extreme heat, tires may wear out more rapidly, necessitating more frequent replacements. Conversely, sudden rain and flash floods can cause damage to tires or increase the demand for specialized tires designed for wet conditions. This variability in climate serves as both a challenge and an opportunity, compelling consumers to replace or upgrade their tires to better suit the changing weather patterns.

Government regulations and safety standards have played a significant role in shaping the Saudi Arabia tire market. The government has implemented stringent safety standards and regulations for vehicles, which include tire-related requirements. These regulations aim to ensure road safety and reduce accidents. For instance, there are specific requirements for tire tread depth, tire labeling, and tire pressure. Non-compliance with these regulations can result in fines or even impoundment of vehicles. This strict enforcement of safety standards and regulations encourages consumers to invest in high-quality and compliant tires, thus driving the market for premium and safety-oriented tire brands.

Technological advancements and innovation in the tire industry have also significantly impacted the Saudi Arabia tire market. Globally, the tire industry is continually evolving with advancements in technology and innovative tire options. Saudi consumers are increasingly seeking technologically advanced and eco-friendly tire choices. Innovations such as run-flat tires, low rolling resistance tires, and smart tires have gained popularity in the Saudi market as consumers look for tires that offer better fuel efficiency, longer lifespan, and improved safety. Consequently, manufacturers are introducing these innovative tire options to cater to the evolving preferences of Saudi consumers, driving market growth through product innovation.

In conclusion, the Saudi Arabia tire market is influenced by a multitude of market drivers, each playing a unique role in shaping the industry's growth and dynamics. The nation's economic prosperity, infrastructure development, climatic variability, government regulations, and technological advancements all significantly impact the demand for tires. Understanding these market drivers is essential for manufacturers, retailers, and stakeholders looking to thrive in the competitive and ever-evolving tire market of Saudi Arabia. As the country continues to modernize and expand, the tire industry is likely to experience sustained development, making it an attractive sector for investment and business expansion.

Major companies operating in Saudi Arabia Tire Market are:

  • Bridgestone Corporation
  • Continental AG
  • Goodyear Tire & Rubber Company
  • Sumitomo Rubber Industries Ltd
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Yokohama Rubber Company Limited
  • Kumho Tire Co. Inc.  


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“The Saudi Arabia tire market is a dynamic and essential component of the nation's automotive industry. With a diverse range of tire types catering to various vehicle needs, it plays a pivotal role in ensuring road safety and vehicle performance. Economic growth, government infrastructure investments, and climatic variations all contribute to the market's expansion. Government regulations emphasizing safety and the adoption of innovative tire technologies further drive market growth. As Saudi Arabia continues to develop and modernize, the tire industry stands as a fundamental sector, poised for ongoing evolution and innovation to meet the diverse demands of the nation's automotive landscape.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Saudi Arabia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers, OTR), By Tire Construction Type (Radial, Bias), By Demand Category Type (OEM, Replacement), By Region, Competition, Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Saudi Arabia Tire Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Tire Market.      


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