Driven by favorable government policies and lack of luxury or value-added taxations (VATs), the KSA tire market is anticipated to reach US$ 2,123 Mn in revenues by 2016. Growing demand for four-wheeler vehicles and robust sales of luxury and top-end cars will continue to influence the growth of the KSA tire market.

Sales will continue to remain strong through the OEM channel, owing to consumer preference for buying tires directly from manufacturers. While overall revenues are ... Read more

The global KSA Tire Market is estimated to be valued at US$ 4288.49 Mn or Bn in 2023 and is expected to exhibit a CAGR of 11.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Tires are an essential part of automobiles and heavy vehicles. They provide traction to keep the vehicle moving and absorbing shocks from the road. Advances in material science and tire technology provide ... Read more

Tires are an essential component for automobiles and vehicles as they provide traction and cushioning effect between the road and vehicle. The growing automotive industry in the Kingdom of Saudi Arabia (KSA) is driving substantial demand for tires in the country. KSA is witnessing considerable sales of passenger cars and commercial vehicles in light of various government initiatives to diversify the economy away from oil. With rising disposable income, urbanization, and ... Read more