The Saudi Arabia tire market size reached 22.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 25.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.26% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | 22.6 Million Units |
Market Forecast in 2032 | 25.5 Million Units |
Market Growth Rate 2024-2032 | 1.26% |
The Saudi Arabia tire market is predominantly import driven, with a considerable penetration of Chinese tire brands owing to their affordability and easy availability. However, over the past several years, the flagships brands have been gaining momentum as a result of high-quality assurance and extended life cycle of the products they offer.
Rapid development in the automobile sector of Saudi Arabia is contributing to the growth of the tire market. The expanding consumer base supported by the elevating living standards and increasing per capita expenditure on premium vehicle components further augments the market growth. The rising penetration of international tire brands offering high-quality assurance and extended product life has led to their growing presence in Saudi Arabia. Additionally, several regional tire manufacturing companies are entering into strategic partnerships and alliances with international players for expanding their product portfolios, thus leading to product premiumization. Furthermore, in 2018, Saudi Arabia allowed women to drive a car on their own, ending a ban where women were legally required to be driven by chauffeurs or travel with male family members. This is expected to further drive the demand of tires in Saudi Arabia. Other factors that will catalyse the demand of tires in Saudi Arabia include increasing number of infrastructure projects, growing construction industry, rising demand for replacement tires, etc.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia tire market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, end-use, vehicle type, size and distribution channel.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Breakup by End-Use:
Breakup by Vehicle Type:
Breakup by Size:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the market has also been examined with some of the key players being Michelin Group, Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Corporation, Pirelli & C. S.p.A, Yokohama Rubber Company, Hankook Tire and Technology, Toyo Tire Corporation and Kumho Tire.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Units |
Segment Coverage | Type, End-Use, Vehicle Type, Size, Distribution Channel, Region |
Region Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Companies Covered | Michelin Group, Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Corporation, Pirelli & C. S.p.A, Yokohama Rubber Company, Hankook Tire and Technology, Toyo Tire Corporation and Kumho Tire |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Saudi Arabia tire market reached a volume of 22.6 Million Units in 2023.
We expect the Saudi Arabia tire market to exhibit a CAGR of 1.26% during 2024-2032.
The introduction of premium-quality tires with enhanced stability, improved reliability, high puncture resistance, etc., to reduce the increasing number of fatal road accidents is primarily driving the Saudi Arabia tire market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for vehicles, thereby negatively impacting the Saudi Arabia market for tires.
Based on the type, the Saudi Arabia tire market has been segmented into radial and bias. Currently, radial accounts for the majority of the total market share.
Based on the end-use, the Saudi Arabia tire market can be divided into OEM and replacement, where replacement currently holds the largest market share.
Based on the vehicle type, the Saudi Arabia tire market has been categorized into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two wheelers, and Off-The-Road (OTR). Among these, passenger cars exhibit a clear dominance in the market.
Based on the distribution channel, the Saudi Arabia tire market can be segregated into offline and online. Currently, offline channel accounts for the majority of the total market share.
On a regional level, the market has been classified into Northern and Central Region, Western Region, Eastern Region, and Southern Region.
Some of the major players in the Saudi Arabia tire market include Michelin Group, Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Corporation, Pirelli & C. S.p.A, Yokohama Rubber Company, Hankook Tire and Technology, Toyo Tire Corporation, and Kumho Tire.