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Middle East & Africa Tire (Tyre) Market Outlook, 2026

Middle East & Africa Tire (Tyre) Market Outlook, 2026

Bonafide Research 13-07-2021 120 Pages Figures : 8 Tables : 48
Region : MEA Category : Automotive & Transport Automotive Parts

1. Bridgestone

2. Apollo Tyres

3. Continental

4. Cooper Tires

5. Goodyear Tyres

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The Middle East and African tire market is a rapidly developing market. As the economies in the region are rapidly growing and infrastructure development is taking place throughout the region; the Middle East and Africa tire market find itself on a suitable pedestal to grow upon.

As per the research conducted by Bonafide Research, under the title- Middle East and Africa Tire Market Outlook, 2026, the market is evaluated to be more than 100 Million units as of 2020 and is expected to be growing at a CAGR of more than 10% in terms of value from 2021 to 2026.

In order to assess and study the regional trends and patterns in the Middle East and Africa tire market, the research has been approached by looking at the market through appropriate segments and classification. The segments that were made during the comprehensive evaluation of the markets were based on vehicle types, end-use demand, and the demand for tires based on their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2 wheeler vehicles, 3 wheelers, and other vehicles including bicycles. The categorization based on end-use demand includes demand for replacement tires and OEM demand for tires. Based on design types, the tire market is segmented as radial tires and bias-ply tires. To have a broader understanding of the landscape of the tire market in the Middle East and Africa, further segmentation has been made based on countries, and the sales channels through which the products are made available to the distributors and customers. The research report also includes profiles of some of the major tire companies in the world, namely: Bridgestone, Michelin, Sumitomo, Goodyear, Continental, Pirelli, Cooper tires, Apollo, MRF, Hankook, and Maxxis.

The Middle East and Africa tire market is majorly driven by Saudi Arabia contributing about 1/4th of the overall regional tire market. UAE and Qatar contribute the least to the Middle East and Africa tire market revenue as of 2020 by having a share in single digits. As some of the major countries in the Middle East and Africa region are characterized by having high spending capability among their residents, the growth of the tire market is well-positioned to exploit high growth opportunities. From 2021 to 2026, the rest of the Middle East and Africa regional markets combined excluding the major economies are projected to be registering a growth rate of more than 12%. As of 2020, it was derived that about 89.56 Million units of passenger car tires were sold in the region, making it one of the major drivers of the tire market in the region. 3 wheeler and other tires are expected to be the fastest-growing category during the 2021 to 2026 period, expected to grow at a CAGR of more than 10% in volume terms.

CONSIDERED IN THE REPORT
• Geography: Middle East and Africa
• Base Year: 2020
• Historical year: 2015
• Forecasted Year: 2026

COUNTRIES COVERED
• UAE
• Saudi
• Qatar
• South Africa
• Rest of the Middle East and Africa

ASPECTS COVERED IN THE REPORT
• Market Size by Value (2015-2026F)
• Market Size by Volume (2015-2026F)
• Market Share by Vehicle Type
• Market Share by End Use
• Market Share by Design
• Market Share by Sales Channel
• Market Share by Country

THIS REPORT WOULD HELP YOU ANSWER THE FOLLOWING QUESTIONS:
• What is the size of the Middle East and Africa tire market?
• How much do different vehicle types contribute to the Middle East and Africa tire market?
• What are the growth trends of radial tires and bias ply tires in Asia-Pacific?
• To what extend did Covid-19 pandemic impact the OEM and replacement demand of tires in the Middle East and Africa region?
• What are the drivers, development and key challenges in the Asian Pacific tire market?

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