Kuwait Tyre Market Size, Share by Type 2020- TechSci Research

Summary

Report Description

According to the OICA, Kuwait registered the highest vehicle motorization rate (for passenger cars and commercial vehicles) of 727 vehicles per 1,000 people amongst al GCC countries in 2013. Kuwait is one of the wealthiest countries in the world, with more than 95% of urban population. Automobile sales in Kuwait grew at a CAGR of over 8% during 2010-2014 and are poised to demonstrate a similar trend during the forecast period. This growth in automobile sales is being supported by rising disposable income of people in Kuwait, increasing urbanization and growing infrastructure and construction sector in the country. Due to absence of automobile manufacturing in Kuwait, tire market is completely dependent on replacement demand.

According to “Kuwait Tyre Market Forecast & Opportunities, 2020’’, high vehicle ownership, growing vehicle fleet and increasing automobile sales are projected to drive the tire market in Kuwait during 2015-2020. In 2014, Kuwait tire market was dominated by flagship brands. Increasing penetration of low priced Chinese tire brands is projected to bite into the share of branded tires in the coming years. Hot and humid climatic conditions in the country have shortened the replacement period of tires to around 1.5 years, thereby driving growth in Kuwait tire market. Apart from major global tire manufacturers such as Bridgestone, Michelin, Yokohama, Cooper, Hankook, Toyo etc., demand for tires in Kuwait is also addressed by Chinese brands such as Boto, Westlake, Odyking, Karo, etc. “Kuwait Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tire market expansion in Kuwait:

Kuwait Tire Market Size, Share & Forecast
Segmental Analysis – Passenger Car Tires, Light Commercial Vehicle Tires, Medium & Heavy Commercial Tires & OTR Tires
Policy & Regulatory Landscape
Changing Market Trends and Emerging Opportunities
Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

To gain an in-depth understanding of tire market in Kuwait
To identify the on-going trends and segment wise anticipated growth in the coming years
To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing material
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table of content

1. Research Methodology

2. Analyst View

3. Product Overview

4. Kuwait Tyre Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Vehicle Type (Passenger Cars, OTR, LCV & MHCV)

4.2.2. By Company

4.2.3. By Region

5. Kuwait Passenger Car (PC) Tyre Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type

6. Kuwait Light Commercial Vehicle(LCV) Tyre Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

7. Kuwait Medium & Heavy Commercial (M&HCV) Tyre Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

8. Kuwait Off-the Road (OTR) Tyre Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

9. Import-Export Analysis

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

12. Policy & Regulatory Landscape

13. Kuwait Economic Profile

14. Competitive Landscape

14.1. Bridgestone Tyre

14.2. Continental Tyre

14.3. Yokohama Tyre

14.4. Hankook Tyre

14.5. Michelin Tyre

14.6. Goodyear Tyre

14.7. Pirelli Tyre

14.8. Apollo Tyre

14.9. Cooper Tyre

14.10. Toyo Tyre

15. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Kuwait Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 2: Kuwait Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 3: Kuwait Tyre Market Share, By Company, 2014-2020F

Figure 4: Kuwait Tyre Market Share, By Region, By Volume, 2014 & 2020F

Figure 5: Kuwait Passenger Car Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 6: Kuwait Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 7: Kuwait Light Commercial Vehicle Tyre Market, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 8:Kuwait Medium & Heavy Commercial Vehicle Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 9: Kuwait OTR Tyre Market Size, By Value (USD Billion), By Volume (Million Units), 2010-2020F

Figure 10: Tyre Imports & Exports, By Value, 2010-2013 (USD Million)

List of Tables

Table 1: Kuwait Tyre Average Selling Prices, Flagship vs Chinese Tyres, 2010–2014 (USD)

Table 2:Kuwait Passenger Car Sales, By Volume, 2010–2014 (Units)

Table 3: Kuwait Passenger Car Fleet Size, By Volume, 2010–2014 (Units)

Table 4: Kuwait Light Commercial Vehicle Sales, By Volume, 2010–2014 (Units)

Table 5: Kuwait Medium & Heavy Commercial Vehicle Sales, By Volume, 2010–2014 (Units)

Table 6: Kuwait Commercial Vehicle Fleet Size, By Volume, 2010–2014 (Units)

Frequently asked questions

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Sakshi Bajaal

Principal Consultant

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Press Release

Passenger Car Segment to Continue its Dominance in Kuwait Tyre Market until 2020

Dec, 2015

Growing automobile sales and booming construction sector are expected to drive Kuwait tyre market over the next five years

Kuwait Tyre Market Forecast and Opportunities, 2020

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