DUBLIN, Apr. 07, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/tv2pqq/uae_tyre_market) has announced the addition of the "UAE Tyre Market Forecast and Opportunities 2019" report to their offering.
Tyre market in the UAE is projected to grow at 11% CAGR until 2019
Passenger car tyre remained the leading market segment in 2013, holding significant majority share in volume as well as value sales. Urban cities in the UAE such as Dubai, Abu Dhabi and Sharjah are among the leading demand generators for tyres. Industry events such as Automechanika' and Green Auto Show' also have a profound impact on the UAE's ever-growing automotive trade, which in turn are influencing tyre sales in the country. Global automotive tyre manufacturers such as Bridgestone, Michelin, Continental, Goodyear, and Pirelli are the key tyre players in the country.
The UAE is among the major economic epicenters in Gulf Cooperation Council due to the presence of significant oil reserves. The country is characterized by affluent consumers with high purchasing power at par with most of the developed countries worldwide. On account of significant industrial growth, the country's automotive industry has been flourishing at a rapid pace. In addition, the country has been witnessing immense developments in infrastructure in the form of new hotels, commercial complexes and sky-rise buildings being built. All these factors are creating significant impetus in the country's tyre demand.
Since the country experiences extreme climatic conditions throughout the year, vehicle owners need to replace their tyre sets frequently, which has been creating tremendous demand in the replacement market. However, the country is largely dependent on tyre imports from other countries to address the domestic demand for tyres.
Trends & Developments
- Tyre Pressure Monitoring System (TPMS): An Innovative Feature
- Anti-Collision Braking Assistance: The Next Big Thing
- Emergence of Tyre Recycling Market
- Lucrative Re-Export Scenario
- Continuous Growth in Automotive Sales
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Tyre: Product Overview
4. UAE Tyre Market Outlook
5. UAE Passenger Car Tyre Market Outlook
6. UAE Commercial Vehicle Tyre Market Outlook
7. UAE OTR Tyre Market Outlook
8. UAE Two-Wheeler Market Outlook
9. UAE Retread Tyre Market Outlook
10. UAE Tyre Market Price Point Analysis
11. Market Dynamics
12. Policy & Regulatory Landscape
13. Market Trends & Developments
14. UAE Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
Companies Mentioned
- Bridgestone Middle East & Africa FZE
- Goodyear Middle East FZE
- Continental AG
- Michelin AIM
- Pirelli Tyre (Suisse) SA
- The Yokohama Rubber Co., Ltd
- Toyo Tires & Rubber Co., Ltd
- Hankook Tire Co. Ltd
- Kumho Tyre Co. Inc
- Sumitomo Rubber Industries, Ltd
For more information visit http://www.researchandmarkets.com/research/tv2pqq/uae_tyre_market
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
