According to the research report titled ‘Saudi Arabia Tire Market Analysis, 2020‘, available with Market Study Report, Saudi Arabia tire market is expected to register a growth rate of 8% during 2020-2025.
 

Saudi Arabia tire market is witnessing significant gains owing to government support in form of removal of restrictions on women driving vehicles which has significantly boosted the demand for passenger cars in the country. The government made a decision that allowed women to drive, in the year 2017. Following this, the number of women drivers have grown with almost 20% of the women in Saudi Arabia estimated to drive cars by 2020, as cited by the PwC.   
 

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Also, escalating vehicle sales and rising government’s efforts to establish local production units are adding momentum to Saudi Arabia tire market expansion. Moreover, increasing government expenditure on infrastructure development is contributing to the industry growth.
 

In addition, the presence of extreme weather conditions in the country causes frequent wear tear of the tires, hence increasing the need for tire replacement. Moreover, the Ministry of Commerce has advised the citizens to limit the usage of car tires for a maximum period of 2 years, which further contributes to the growth.
 

In terms of vehicle type, Saudi Arabia tire industry is bifurcated into two-wheeler, off the road vehicle (OTR), medium & high commercial vehicle (MHCV), passenger car, and light commercial vehicle (LCV). Based on demand, the market is divided into replacement, and OEM. 
 

In terms of type of tire, Saudi Arabia tire market is classified into radial, and bias. Based on season, the market is fragmented into all season, summer, and others. With respect to sales channel, the industry is fragmented into dealers/exclusive outlets, online, and others.
 

Speaking of rim size, Saudi Arabia tire market is segmented into above 47-inch, 35.1 inch to 47-inch, 26.1 inch to 35 inch, 22.6 inch to 26 inch, 20.1 inch to 22.5 inch, 18.1 inch to 20 inch, 15.1. inch to 18 inch,12.1 inch to 15 inches, and up to 12 inches. Based on price, the industry is bifurcated into high, low, medium.
 

Major players influencing Saudi Arabia tire market trends are Nexen Tire Corporation, Goodyear Tire and Rubber Company, Kumho Tire Co., Inc., Toyo Tire Corporation, Bridgestone Corporation, Apollo Tyres Limited, Continental AG, Dunlop Tyres, Hankook Tire & Technology Group, and Michelin Group.