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
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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:
- Market, by Country:
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.
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]