According to the latest report by IMARC Group, titled "Pakistan Tyre Market Report by Vehicle Type (Two-Wheeler and Three-Wheeler, Passenger Cars and Light Truck, Heavy Commercial and OTR), OEM and Replacement Segment (OEM, Replacement), Domestic Production and Imports (Domestic Production, Imports), Legitimate and Grey Market (Legitimate, Grey), Radial and Bias Tyres (Bias, Radial), Tube and Tubeless Tyres (Tube Tyres, Tubeless Tyres), and Region 2025-2033," the Pakistan tyre market reached a volume of 25.0 Million Units in 2024. Tyres are widely utilized in various types of automobiles. They generally comprise a bead, sidewall, inner liner and body ply that is mounted over a wheel rim to act as a cushion. These components are usually molded together that help in providing smooth transactions between the surface and the wheel. Tyres are widely utilized to support the weight of the vehicle while transmitting braking or traction force to the road surface. Additionally, they are also designed for reducing vibrations and absorbing road shocks while changing and maintaining the direction of travel.
Pakistan Tyre Market Trends:
The market in Pakistan is majorly driven by significant growth in the automotive sector. Moreover, the rising demand for enhanced comfort while traveling among the masses is providing a boost to the market growth. This has encouraged numerous leading players in the market to heavily invest in product innovations, which is creating a positive outlook for the market. Apart from this, the increasing population and the inflating disposable income levels of individuals across the country have led to a considerable rise in the sales of personal vehicles, which is providing an impetus to the market growth. The market is further driven by continual technological advancements and the widespread integration of advanced techniques with the manufacturing process. Other factors, including rapid urbanization, continuous improvements in the construction and agriculture infrastructure and extensive research and development (R&D) activities conducted by key players to introduce improved product variants, are further projected to drive the market growth across Pakistan. Looking forward, the market volume is projected to reach 36.0 Million Units by 2033, expanding at a CAGR of 4.1% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD, Million Units |
Segment Coverage | Vehicle Type, OEM and Replacement Segment, Domestic Production and Imports, Legitimate and Grey Market, Radial and Bias Tyres, Tube and Tubeless Tyres, Region |
Region Covered | Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan |
Companies Covered | General Tyre and Rubber Co. Ltd., Panther Tyres Limited, Diamond Tyres Limited, Service Industries Limited and Ghauri Tyre and Tube Pvt. Limited |
Customization Scope | 10% Free Customization |
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) |
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