Israel 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

Israel tire market was valued USD 0.57 Billion in 2019 and is projected to be valued USD 0.71 Billion by 2025. Major factors driving tire market growth in Israel include increasing automobile sales, expanding vehicle fleet, favourable government policies like low interest rates and continuing economic growth in the country. Israel’s vehicle fleet is dominated by passenger cars, followed by the commercial vehicles. Consequently, the passenger car tire segment has a major share in the country’s tire market, and it is anticipated that the dominance of passenger car tire segment will continue over the next five years.

Israel tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on demand category, the market can be split into replacement vs OEM. The tire market is entirely dependent on the replacement demand due to absence of any automobile manufacturing in the country. Based on tire type, the market is split into radial vs bias. Among the two, radial tires are projected to dominate the market during the forecast period and hold 95% market share by 2025. The reasons can be attributed to the smooth driving experience offered by radial tires in comparison with bias tires.

Major companies operating in Israel tire market are Alliance Tire Company Ltd., Bridgestone Corporation, Giti Tire Pte. Ltd., Goodyear Tire & Rubber Company, Hankook Tire Co. Ltd., Michelin SCA, Pirelli & C. S.p.A., Shandong Hengfeng Rubber & Plastic Co., Ltd., Sumitomo Rubber Industries Ltd. and Toyo Tire & Rubber Co., Ltd., among others. Alliance Tyre is the only domestic tyre manufacturing company in the country. Moreover, leading companies are adopting growth strategies such as new product launches, partnerships, joint ventures, mergers & acquisitions and collaborations.

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

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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 Israel.

TechSci Research calculated the market size for Israel 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, Israel tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Israel 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

• Israel Tire Market, By Demand Category:
• OEM
• Replacement
• Israel Tire Market, By Tire Type:
• Radial vs Bias
• Israel Tire Market, By Region:
• The Mediterranean Coastal Plain
• The Central Hills
• The Jordan Rift Valley
• The Negev Desert

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Israel 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