Middle East and Africa Truck & Bus Tire Market Size, Share, Growth Report 2030

The Middle East and Africa Truck & Bus Tire Market size is estimated to grow at a CAGR of around 6.6% during the forecast period, i.e., 2024–30.                    

Middle East and Africa Truck & Bus Tire Market Driver:

Expansion of the Logistics & Transportation Industry Driving Market Growth – The MEA region's growing e-commerce, retail, and manufacturing sectors are driving the rise of the logistics and transportation industries. Commercial vehicles are necessary for moving goods and supplies over long distances, creating a greater demand for truck tires to equip these vehicles. Furthermore, the MEA region's manufacturing sector is developing, with investments in industries including automotive, electronics, textiles, and food processing. For Instance,

·        In 2023, Baoshan Iron & Steel Co. invested about USD 4 billion in expanding its manufacturing capacity to enhance Saudi Arabia's steel industry ecosystem & improve supply chain localization.

As industrial activities grow, so does the demand for transportation of raw materials, components, and completed products between manufacturing sites, warehouses, and distribution locations. This increases the demand for commercial vehicles and truck tires to support supply chain operations, which is expected to significantly boost market growth in the coming years.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Middle East and Africa Truck & Bus Tire Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Type of Vehicle
• Truck- Market Size & Forecast 2019-2030 (Thousand Units)
• Light Trucks- Market Size & Forecast 2019-2030 (Thousand Units)
• Medium & Heavy Trucks- Market Size & Forecast 2019-2030 (Thousand Units)
• Bus- Market Size & Forecast 2019-2030 (Thousand Units)
• Light Buses- Market Size & Forecast 2019-2030 (Thousand Units)
• Medium & Heavy Buses- Market Size & Forecast 2019-2030 (Thousand Units)
• By Application
• Public Transport- Market Size & Forecast 2019-2030 (Thousand Units)
• General Cargo Transport- Market Size & Forecast 2019-2030 (Thousand Units)
• Building & Construction- Market Size & Forecast 2019-2030 (Thousand Units)
• Agriculture Transportation- Market Size & Forecast 2019-2030 (Thousand Units)
• Others (Chemical Transportation, Mining Transportation, etc.) - Market Size & Forecast 2019-2030 (Thousand Units)
• By Demand Type
• OEM- Market Size & Forecast 2019-2030 (Thousand Units)
• Aftermarket- Market Size & Forecast 2019-2030 (Thousand Units)
• By Price Category
• Budget- Market Size & Forecast 2019-2030 (Thousand Units)
• Premium- Market Size & Forecast 2019-2030 (Thousand Units)
• Economy- Market Size & Forecast 2019-2030 (Thousand Units)
• By Tire Type
• Radial- Market Size & Forecast 2019-2030, (Thousand Units)
• Bias- Market Size & Forecast 2019-2030, (Thousand Units)
• By Tire Size
• Tire Size 1- Market Size & Forecast 2019-2030 (Thousand Units)
• Tire Size 2-Market Size & Forecast 2019-2030 (Thousand Units)
• Tire Size 3- Market Size & Forecast 2019-2030 (Thousand Units)
• Tire Size 4- Market Size & Forecast 2019-2030 (Thousand Units)
• Tire Size 5- Market Size & Forecast 2019-2030 (Thousand Units)
• By Sales Channel
• Direct Sales- Market Size & Forecast 2019-2030, (Thousand Units)
• Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2030, (Thousand Units)
• Online- Market Size & Forecast 2019-2030, (Thousand Units)
• By Country
• The UAE
• Saudi Arabia
• Oman
• Qatar
• Kuwait
• Bahrain
• Morocco
• Egypt
• Israel
• South Africa
• Nigeria
• Rest of the Middle East & Africa

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Michelin Middle East, Goodyear Tire and Rubber Industries, Bridgestone Middle East and Africa FZE, Sumitomo Rubber Industries, Kumho Tire Co., Inc., Apollo Tyres Ltd., The Yokohama Rubber Co., Ltd., JK Tires and Industries Ltd., Hankook Middle East and Africa, Continental AG, Maxxis Tyre, Hangchou Zhongce Rubber Co. Ltd. (ZC Rubber), and others

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