Middle East & Africa Automotive Tire Aftermarket Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Tire Type (Radial Tire and Bias Tire), Distribution Channel (OES and IAM), and Rim Size (13–15, 16–18, 19–21, and More than 21)
The automotive tire aftermarket market in the MEA is expected to grow from US$ 9,354.72 million in 2021 to US$ 12,568.39 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.
Governments of various countries are enforcing several stringent regulations for vehicles and vehicle manufacturers. As a result, tire manufacturers have adopted environment-friendly raw materials without compromising on lighter tires, which significantly reduces vehicle weight, thus, providing higher fuel efficiency and less consumption. Major players in the automotive tire aftermarket are constantly working on various technologies. For instance, in 2019, Sumitomo Rubber Industries, Ltd. and Kansai University developed a new technology to generate electric power from a tire's rotation. The tire uses the build-up of static electricity, also known as frictional charging, to produce power from tire rotation. In 2020, Goodyear developed a self-generating design to extend the life of tires, making them more adaptable to several conditions. The Goodyear recharge tire concept utilizes a tread that can be replenished using fluid-filled capsules. The tread compound is made of biological material and reinforced with fibers based on spider silk. Therefore, the growing demand for green tires will propel the growth of the automotive tire aftermarket.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA automotive tire aftermarket market, which is expected to grow at a decent CAGR during the forecast period.
MEA Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
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MEA Automotive Tire Aftermarket Market Segmentation
The MEA automotive tire aftermarket market is segmented into tire type, distribution channel, rim size, and country. The MEA automotive tire aftermarket market, based on tire type, is bifurcated into radial and bias. The radial segment held a larger market share in 2020. In terms of distribution channel, the MEA automotive tire aftermarket market is bifurcated into OES and IAM. The IAM segment held a larger market share in 2020. Based on rim size, the MEA automotive tire aftermarket market is segmented into 13–15, 16–18, 19–21, and more than 21. The 13–15 segment held the largest market share in 2020. Based on country, the MEA automotive tire aftermarket market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA.
Apollo Tires Ltd; Bridgestone Corporation; Continental AG; Michelin; NEXEN TIRE AMERICA INC; PIRELLI and C. S.P.A.; Sumitomo Rubber Industries, Ltd.; The Goodyear Tire and Rubber Company; Yokohama Rubber Co., Ltd; and ZHONGCE RUBBER GROUP CO. LTD. are among the leading companies in the MEA automotive tire aftermarket market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Automotive Tire Aftermarket Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA Automotive Tire Aftermarket Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand for Fuel-Efficient Tires
5.1.2 Stringent Government Regulations Regarding Tire Labelling
5.2 Market Restraints
5.2.1 Inconsistent Raw Material Prices
5.3 Market Opportunities
5.3.1 High Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Green Tires in Fleets Becoming Popular
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Tire Aftermarket Market – MEA Analysis
6.1 MEA Automotive Tire Aftermarket Market Overview
6.2 MEA Automotive Tire Aftermarket Market Revenue Forecast and Analysis
7. MEA Automotive Tire Aftermarket Market Analysis – By Tire Type
7.1 Overview
7.2 MEA Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
7.3 Radial tire
7.3.1 Overview
7.3.2 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
7.4 Bias tire
7.4.1 Overview
7.4.2 Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8. MEA Automotive Tire Aftermarket Market Analysis – By Distribution Channel
8.1 Overview
8.2 MEA Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
8.3 OES
8.3.1 Overview
8.3.2 OES: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8.4 IAM
8.4.1 Overview
8.4.2 IAM: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9. MEA Automotive Tire Aftermarket Market Analysis – By Rim Size
9.1 Overview
9.2 MEA Automotive Tire Aftermarket Market, by Rim Size (2020 And 2028)
9.3- 15
9.3.1 Overview
9.3.2- 15: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.4-18
9.4.1 Overview
9.4.2-18: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.5-21
9.5.1 Overview
9.5.2-21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.6 More than 21
9.6.1 Overview
9.6.2 More than 21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
10. MEA Automotive Tire Aftermarket Market – Country Analysis
10.1 Overview
10.1.1 MEA: Automotive Tire Aftermarket Market, by Key Country
10.1.1.1 South Africa: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Automotive Tire Aftermarket Market, by Tire type
10.1.1.1.2 South Africa: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.1.3 South Africa: Automotive Tire Aftermarket Market, by Rim Size
10.1.1.2 UAE: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 UAE: Automotive Tire Aftermarket Market, by Tire type
10.1.1.2.2 UAE: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.2.3 UAE: Automotive Tire Aftermarket Market, by Rim Size
10.1.1.3 Saudi Arabia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Saudi Arabia: Automotive Tire Aftermarket Market, by Tire type
10.1.1.3.2 Saudi Arabia: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.3.3 Saudi Arabia: Automotive Tire Aftermarket Market, by Rim Size
10.1.1.4 Rest of MEA: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Automotive Tire Aftermarket Market, by Tire type
10.1.1.4.2 Rest of MEA: Automotive Tire Aftermarket Market, by Distribution channel
10.1.1.4.3 Rest of MEA: Automotive Tire Aftermarket Market, by Rim Size
11. Automotive Tire Aftermarket Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Automotive Tire Aftermarket Market-Company Profiles
12.1 APOLLO TIRES LTD
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PIRELLI AND C. S.P.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Rubber Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 THE GOODYEAR TIRE AND RUBBER COMPANY
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 YOKOHAMA RUBBER CO., LTD
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ZHONGCE RUBBER GROUP CO. LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NEXEN TIRE AMERICA INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BRIDGESTONE CORPORATION
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MICHELIN
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA: Automotive Tire Aftermarket Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 11. Saudi Arabia: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Automotive Tire Aftermarket Market, by Tire type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Automotive Tire Aftermarket Market, by Distribution channel– Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Automotive Tire Aftermarket Market Segmentation
Figure 2. MEA Automotive Tire Aftermarket Market Segmentation – By Country
Figure 3. MEA Automotive Tire Aftermarket Market Overview
Figure 4. MEA Automotive Tire Aftermarket Market, by Tire type
Figure 5. MEA Automotive Tire Aftermarket Market, by Country
Figure 6. MEA: PEST Analysis
Figure 7. MEA Automotive Tire Aftermarket Market- Ecosystem Analysis
Figure 8. MEA Automotive Tire Aftermarket Market Impact Analysis of Drivers and Restraints
Figure 9. MEA Automotive Tire Aftermarket Market Revenue Forecast and Analysis (US$ Million)
Figure 10. MEA Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
Figure 11. MEA Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
Figure 14. MEA OES: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA IAM: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Automotive Tire Aftermarket Market, by Rim Size (2020 and 2028)
Figure 17. MEA 13- 15 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA 16-18: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA 19-21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA More than 21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA: Automotive Tire Aftermarket Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. MEA: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2022 and 2028)
Figure 23. South Africa: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. UAE: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of MEA: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
- Apollo Tires Ltd
- Bridgestone Corporation
- Continental AG
- Michelin
- NEXEN TIRE AMERICA INC
- PIRELLI and C. S.P.A.
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire and Rubber Company
- Yokohama Rubber Co., Ltd
- ZHONGCE RUBBER GROUP CO. LTD.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC automotive tire aftermarket market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC automotive tire aftermarket market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the automotive tire aftermarket market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution