A recent research study by MarkNtel Advisors, a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals, cited that the UAE Tire Market is projected to grow at a CAGR of around 3.8% during the forecast period, i.e., 2022-27 The report methodically analyses several aspects that have influenced the market dynamics in the past few years.

Apart from this, the probable factors, based on primary & secondary research, which shall shape the UAE Tire Market landscape in the future have also been included in the study to make stakeholders well-versed with the industry and help them stay ahead of their competitors. Moreover, to ensure that the analysis is accurate & precise, our analysts deeply examine the recent market patterns as well as historical milestones to project lucrative prospects while facilitating exponential growth for businesses.

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Key Driver: Stringent Safety Regulations by the UAE Government for Vehicle & Tire Maintenance

Since the number of road accidents is rising at a concerning rate, the government of the UAE is imposing stringent regulations for vehicles owners to timely inspect the condition of their vehicles & tires and provide necessary them with replacements whenever required. These measures are principally to reduce & eliminate the possibilities of accidents in the future, which, in turn, would fuel the sales of tires and drive the UAE Tire Market in the coming years.

Key Offerings from the UAE Tire Market Research Report:

• Estimated CAGR of the UAE Tire Marketduring 2022-27.
• Detailed insights into factors expected to drive and challenge the growth of the UAE Tire Marketin the coming years
• Precise estimation of the size of the UAE Tire Market
• Accurate predictions about upcoming trends in the UAE Tire Marketand changes in consumer behavior
• Growth of the UAE Tire Marketacross different region
• An in-depth analysis of the UAE Tire Market’s competitive dynamics and detailed information about key vendors

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Competitive Benchmarking in the UAE Tire Market

The prominent players profiled in the UAE Tire Market are

-Continental

-Bridgestone

-Yokohama

-Hankook

-Goodyear

-Michelin

-Kumho

-Pirelli

-Sumitomo

-Toyo

Each company operating in this industry is vetted based on their products’ values, abilities, and other significant characteristics. The study also covers numerous mergers & acquisitions, along with the recent products launched by these players, to familiarize the stakeholders with the most recent market trends.

How has the UAE Tire Market been segmented?

The report comprehensively analyses each high-performing segment, elucidating the factors contributing to their success and larger market share. It examines their significant impact on the UAE Tire Market regarding sales, expansion, job opportunities, and other crucial factors. Categorizing the components as follows:

By Type of Vehicles

-Passenger Car

-Light Commercial Vehicle

-Buses and Trucks

-Economy and Heavy Commercial Vehicles

-Off the Road (OTR)

-Two Wheelers

By Demand Category

-OEM

-Replacement

By Type of Tire

-Radial

-Bias

By Sales Channel

-Dealer/Exclusive Outlets

-Online

-Others

By Season

-All season

-Summer

By Price Category

-Budget

-Economy

-Premium

By Rim Diameter

-Up to 12”

-12.1” to 15”

-15.1.” to 18”

-18.1” to 20”

-20.1” to 22.5”

-22.6” to 26”

-26.1” to 35”

-35.1” to 47”

-Above 47”

The report also focuses on critical Region such as

By Region

-Ras-al-Khaimah

-Dubai

-Abu Dhabi

-Sharjah

-Others

where the UAE Tire Market is partially or predominantly active, emphasizing geographically dominant areas.

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Key Questions Answered in UAE Tire Market Report:

1. What are the growth projections for the UAE Tire Market during 2023-28?
2. What are the different patterns, obstacles, & trends will affect the growth and scope of the UAE Tire Market?
3. What are the critical opportunities for each segment & sub-segment enlisted in the UAE Tire Market research report?
4. What are the primary growth tactics used by the leading participants operating in the UAE Tire Market?

Note: We also offer customized research services & reports tailored to meet our client's specific requirements, including market sizing, demand & supply assessment, company profiling, competitive assessment, & trend analysis, among others, to help them succeed in today's fast-paced markets.

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