Saudi Arabia retread tire market
is expected to grow at a significant CAGR during the forecast period. Rise in
production of automobile production and increasing sales of vehicles is
contributing significantly to the retread tire growth. Increasing economic
growth of Saudi Arabia is creating new avenues for the growth of the retread
tires. Surge in disposable income among the consumers is increasing the
expenditure capacity of consumers. Rapid urbanization in search of better job
opportunities and to adopt quality living standards is a crucial factor for the
growth of the Saudi Arabia retread tire market. Growth in focus of the leading
authorities to shift the generation of income from oil and gas to other
industries is accelerating the growth of the automotive industry in Saudi
Arabia. Rise in preference of consumers of vehicle ownership is surging the
demand for retread tires in Saudi Arabia. Retread tires are cost-effective in
nature which is the major reason for their high demand. Retread tires are
environment friendly in nature which is aiding in expansion of the market as
consumers are preferring the sustainable solutions over other solutions. Heavy
and commercial vehicles are preferring retreading of tires which is augmenting
the retread tire market growth. High wire and tear of tires is resulting in
increasing the demand for retread tire. Fleet owners are preferring retread
tires as it affordable and are safe in nature thereby propeling the demand in
Saudi Arabia. Automobile manufacturers are investing heavily for development of
technology to produce retread tires in similar quality as original tires. Also,
the high demand from motorsport industry have encouraged the retread tire
manufacturers to produce the tires with unique characteristics.
Saudi Arabia retread tire market
is segmented based on vehicle type, regional
distribution, and company. Based on regional distribution, Saudi Arabia
retread tire is divided majorly into region namely western region, northern
& central region, eastern region, and southern region.
The major players operating on the
retread tire market are Al-Jawad Tire Retreading, General
Group, Al Howail Tyre Retreading Factory, Marangoni Retreading Systems, and
others. Major companies are developing advanced technologies and launching new services
to stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
Objective of the Study:
- To analyze and estimate the market size of Saudi
Arabia retread tire market from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia retread tire market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia retread
tire market based on vehicle type, regional distribution, and company.
- To identify dominant region or segment in the Saudi
Arabia retread tire market.
- To identify drivers and challenges for Saudi
Arabia retread tire market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia retread tire market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia retread tire market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia retread tire market.

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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Saudi Arabia retread tire market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Retread tire manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to retread tire market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Attribute
|
Details
|
Base Year
|
2021
|
Historical Years
|
2017 – 2020
|
Estimated Year
|
2022E
|
Forecast Period
|
2023F – 2027F
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
|
Report Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
Segments Covered
|
·
Vehicle Type
·
Retread Process
|
Region Scope
|
Western Region, Northern & Central Region, Eastern Region
and Southern Region
|
Key Companies Profiled
|
Al-Jawad Tire Retreading, General Group, Al Howail Tyre
Retreading Factory, Marangoni Retreading Systems.
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Saudi Arabia retread
tire market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia Retread Tire Market, By Vehicle Type:
- OTR
- Passenger Car
- Commercial Vehicle
- Saudi Arabia Retread Tire Market, By Retread
Process:
- Saudi Arabia Retread Tire Market, By Region:
- Western Region
- Northern & Central Region
- Eastern Region
- Southern Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia retread 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).
Saudi Arabia retread tire market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us 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]