Middle East & Africa Ultra High-Performance (UHP) Tire Market By Vehicle Type (Passenger Car & Two-wheeler), By Tire Type (Summer & All Season and Winter), By Demand Category (OEM & Replacement), By Country, Competition Forecast & Opportunities, 2023

Middle East & Africa UHP tire market was valued at around $ 1 billion in 2017 and is projected to reach nearly $ 1.6 billion by 2023 on account of increasing sales of premium vehicles including passenger cars across Middle East & Africa. Moreover, growth in the SUV and CUV vehicle segments is further expected to push the sales of UHP tires as these vehicles are usually equipped with UHP tires. Additionally, an increasing number of automakers across the region are focusing on offering UHP tires in their performance vehicles, which would further steer growth in MEA UHP tire market over the coming years.

Years considered for this report:

Historical Years: 2013 - 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

• To analyze and forecast the market size of Middle East & Africa UHP tire market.
• To classify and forecast Middle East & Africa UHP tire market based on vehicle type, tire type, demand category and country.
• To identify drivers and challenges for Middle East & Africa UHP tire market.
• To examine competitive developments such as growth opportunities, new product developments, mergers & acquisitions, etc., in Middle East & Africa UHP tire market.
• To conduct the pricing analysis for UHP tire market across Middle East & Africa.
• To identify and analyze the profiles of leading players in Middle East & Africa UHP tire market.

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Some of the top players in Middle East & Africa UHP tire market include Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, Hankook Tire Co., Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Kumho Tire Co., Inc., Toyo Tire & Rubber Co. Ltd, and Cooper Tire & Rubber Company.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of UHP tire dealers operating in Middle East & Africa. 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 UHP tire suppliers across Middle East & Africa.

TechSci Research calculated the market size for Middle East & Africa UHP tire market 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 OICA, Economic Intelligence Unit (EIU), company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

• Tire manufacturing companies, distributors and other stakeholders
• Major raw material suppliers
• Government bodies such as regulating authorities and policy makers
• Associations, organizations, forums and alliances related to UHP tires
• Market research and consulting firms

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

Report Scope:

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

• Market, by Vehicle Type:
• Passenger Car
• Two-Wheeler

• Market, by Tire Type:

• Summer & All-Season  
• Winter  

• Market, by Demand Category:

• OEM
• Replacement

• Market, by Country:

• Saudi Arabia
• South Africa
• UAE
• Rest of Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Middle East & Africa UHP tire market

Available Customizations:

With the given market data, TechSci Research offers customizations according to 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

• Profit margin analysis in case of direct and indirect sales channel.