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.
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Objective of the Study:
- To analyze and estimate the market size of Saudi Arabia retread
tire market from 2018 to 2021.
- To estimate and forecast the market size of Saudi Arabia retread
tire market from 2022 to 2028 and growth rate until 2028.
- 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.
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
|
2022
|
|
Historical
Years
|
2018 – 2021
|
|
Estimated
Year
|
2023E
|
|
Forecast
Period
|
2024F – 2028F
|
|
Quantitative
Units
|
Revenue in
USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F
|
|
Report
Coverage
|
Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments
Covered
|
·
Vehicle
Type
|
|
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:
- 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]