Middle East OTR Tire Market By Vehicle Type (Agriculture Equipment, Industrial Equipment’s, ATVs, etc.), By Company, By Demand Category (OEM Vs. Replacement) Forecast & Opportunities, 2022

Middle East OTR tire market stood at $ 1.17 billion in 2016, and is projected to exhibit a CAGR of 10.25%, in value terms, to reach $ 2.05 billion by 2022, on the back of increasing use of equipment in agriculture and industrial sectors. Moreover, increasing investments in construction sector of Middle East is resulting in growth in demand for OTR vehicles in the region, which in turn generates the demand for OTR tires. Iran and Saudi Arabia dominate the region’s OTR market on back of increasing requirement for continuous OTR vehicle for mining, construction and industrial purposes.

Years considered for this report:

Historical Years: 2012 – 2015

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2017–2022

Objective of the Study:

• To assess the demand-supply scenario of Middle East OTR tire market, which covers production, imports, exports, demand, supply, and net inventory status
• To analyze and forecast the market size of Middle East OTR tire market, in terms of value as well as volume
• To classify and forecast Middle East OTR tire market based on vehicle type, demand category and regional distribution
• To identify drivers and challenges for Middle East OTR tire market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Middle East OTR tire market
• To conduct the pricing analysis for Middle East OTR tire market
• To identify and analyze the profile of leading players involved in manufacturing of OTR tire in Middle East

Click here to download the brochure

Some of the major players operating in Middle East OTR Tire Market are Continental AG, Compagnie Générale des Établissements Michelin, Bridgestone Corporation, The Yokohama Rubber Co., Ltd, Sumitomo Rubber Industries, Ltd, Toyo Tire & Rubber Company, Hangzhou Zhongce Rubber Co. Ltd., Triangle Tyre Co. Ltd, CEAT Limited, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading OTR tire manufacturers across Middle East. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were asked about their competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to limitations of secondary research. TechSci Research analyzed product offerings, distribution network, and country-wise presence of major OTR tire manufacturers across Middle East.

TechSci Research calculated the market size for Middle East OTR market using a bottom-up approach, where manufacturers’ volume sales data for various applications were recorded as well as forecast for the future years was done. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, and databases such as Society of Motor Manufacturers and Traders (SMMT), company websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Dealers/ Distributors of OTR tires
• Raw material suppliers
• End users of OTR tires
• Research organizations and consulting companies
• Associations, organizations, forums and alliances related to OTR Tire
• Original Equipment Manufacturers (OEMs)
• Industry associations
• Market research and consulting firms

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

Report Scope:

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

• Market, by Vehicle Type:
• Agriculture Equipment
• Industrial Equipment
• ATVs
• Others
• Market, by Demand Category:
• OEM
• Replacement
• Market, by Country:
• Iran
• Saudi Arabia 
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Middle East OTR Tire market.

Available Customizations:

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

Raw Material Analysis

• Detailed list of different raw materials used in production of OTR Tire, list of existing suppliers of raw materials, pricing analysis of raw materials, analysis of difference between imported and domestically procured raw materials.

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.