Bahrain Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025

Bahrain tire market was valued USD 0.08 Billion in 2019 and is projected to be valued USD 0.10 Billion by 2025 on account of increase in motorization rate, expanding automobile fleet size and risings sale of passenger vehicles in the country. Apart from that, Bahrain is getting sufficient support from other GCC countries in order to strengthen its infrastructure sector. The country’s diversification of non-oil sector, along with growing construction activities and rising disposable income are anticipated to positively the tire market of Bahrain.

Furthermore, as of 2019, there were no automobile and tire manufacturing facilities in Bahrain, and consequently, demand for tires is solely emanating from the replacement segment and is also entirely addressing through the import route. With increasing penetration of Chinese tires and rise in online sales, Bahrain tire market is expected to grow significantly over the next five years.

Bahrain tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market is split into passenger car, LCV, M&HCV, OTR, two-wheeler and three -wheeler. Among them , the passenger car tire segment is expected to dominate the market through 2025 and hold a market share of 80.15%. The reasons behind the increasing demand for passenger car ties are presence of large passenger car fleet in the country. Based on demand category, Bahrain tire market can be categorized into replacement vs OEM. Among the two, the replacement segment held 100% market share in 2019 and the trend is projected to remain the same through 2025 due to lack of any domestic automobile manufacturing facility in the country. 

Major companies operating in Bahrain tire market include Bridgestone Middle East & Africa FZE, Continental AG, Yokohama Rubber Co. Ltd., Hankook Tire Co. Ltd., Michelin AIM FZE, Goodyear Middle East FZE, Pirelli Tyre (Suisse) SA (Middle East Branch), Sumitomo Rubber Middle East FZE, Toyo Tire & Rubber CO., LTD. and Shandong Wanda BOTO Tyre Co. Ltd., among others. The country’s tire market is expected to be dominated by Chinese tires during the forecast period as these tires are inexpensive and are easily available both online and offline. Apart from that, leading companies are adopting growth strategies such as product innovation, mergers & acquisitions, partnerships, collaborations and joint ventures.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

• To analyze and forecast the market size of Bahrain tire market.
• To classify and forecast Bahrain tire market based on vehicle type, demand category, radial vs bias, company and region.
• To identify drivers and challenges for Bahrain tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Bahrain tire market.
• To identify and analyze the profile of leading players involved in the manufacturing tires in Bahrain.

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Bahrain.

TechSci Research calculated the market size for Bahrain tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

• Tire manufacturers, suppliers, distributors and other stakeholders
• Vehicle manufacturing companies
• Raw material suppliers
• Associations, organizations, forums and alliances related to tires
• Government bodies such as regulatory authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Bahrain tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Bahrain Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

• Bahrain Tire Market, By Demand Category:
• OEM
• Replacement
• Bahrain Tire Market, By Tire Type:
• Radial vs Bias
• Bahrain Tire Market, By Region:
• Capital Governorate
• Northern Governorate
• Muharraq Governorate
• Southern Governorate

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Bahrain tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis