DUBLIN--(BUSINESS WIRE)--The "GCC Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

GCC tire market reached a value of US$ 2.5 Billion in 2020. Looking forward, the GCC tire market is expected to exhibit moderate growth during the next five years.

The market for tires in the GCC region was 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.

Moreover, the flagships brands are employing various marketing techniques to create opportunities in the areas related to the automobile industry, such as introducing car accessories and providing F&I (finance and insurance) services. This has contributed significantly in enhancing their profit margins.

In the GCC countries, only a small section of consumers contributes to the sales of new vehicles, whereas, the majority of them prefer used vehicles. As a result, there is a high demand for tires, particularly replacement tire, for the used cars. This emerges as a major force behind the growth of the tire market in the region.

Apart from this, many consumers also like upgrading and customising their vehicles, and change tires as per their requirements. Some of the other growth inducing factors include rising immigration rates and the establishment of local tire manufacturing facilities.

Key Questions Answered in This Report:

  • How has the GCC tire market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the GCC tire industry?
  • What are the key design segments in the GCC tire industry?
  • What are the key end-use segments in the GCC tire industry?
  • What are the key vehicle types in the GCC tire industry?
  • What are the key distribution channels in the GCC tire industry?
  • What are the key regional markets in the GCC tire industry?
  • What are the various stages in the value chain of the GCC tire industry?
  • What are the key driving factors and challenges in the GCC tire industry?
  • What is the structure of the GCC tire industry and who are the key players?
  • What is the degree of competition in the GCC tire industry?
  • What are the profit margins in the GCC tire industry?
  • What are the key requirements for setting up a tire manufacturing plant?
  • How is tire manufactured?
  • What are the various unit operations involved in a tire manufacturing plant?
  • What is the total size of land required for setting up a tire manufacturing plant?
  • What are the machinery requirements for setting up a tire manufacturing plant?
  • What are the raw material requirements for setting up a tire manufacturing plant?
  • What are the packaging requirements for tires?
  • What are the transportation requirements for tires?
  • What are the utility requirements for setting up a tire manufacturing plant?
  • What are the manpower requirements for setting up a tire manufacturing plant?
  • What are the infrastructure costs for setting up a tire manufacturing plant?
  • What are the capital costs for setting up a tire manufacturing plant?
  • What are the operating costs for setting up a tire manufacturing plant?
  • What will be the income and expenditures for a tire manufacturing plant?
  • What is the time required to break-even?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Tire Industry

6 GCC Tire Industry

7 Market Breakup by Design

8 Market Breakup by End-Use

9 Market Breakup by Vehicle Type

10 Market Breakup by Distribution Channel

11 Performance of Key Regions

12 Competitive Landscape

13 Tire Manufacturing Process

14 Project Details, Requirements and Costs Involved

15 Loans and Financial Assistance

16 Project Economics

17 Key Player Profiles

For more information about this report visit https://www.researchandmarkets.com/r/49vj5n

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