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. The market growth imputes the surging transportation of goods and passengers in the region. Economic expansion and urbanization have accelerated construction and infrastructure development, increasing demand for products and passenger transportation in the region. These projects include road construction, highway extensions, and transportation network enhancements, all of which aim to improve connectivity and facilitate the efficient flow of goods and people across the region. With surging transportation activities, the demand for trucks and buses arises, ultimately creating the demand for truck and bus tires in the Middle East and African countries..
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Strategic Takeaways from the Report:
- Market Sizing and Forecasting
- Regulatory and Policy Influence
- Competitive Trends and M&A Activity
- Innovation Drivers and Disruptive Technologies
- Investment Hotspots and Emerging Niches
- Geographical Dynamics and Trade Flows
Middle East and Africa Truck & Bus Tire Market Segment Overview & Classification
This market is categorized to offer targeted insights across various operational and consumer-related verticals.
Segment List:
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)
Out of them all, the truck segment is anticipated to hold a major share of the market in the forecast period, owing to countries’ economic structures and transportation needs.
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)
Based on the application, the building & construction segment holds a major share of the Truck & Bus Tire Industry in the region.
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.
Saudi Arabia, the UAE, South Africa, Egypt, and Nigeria are expected to be the major markets for truck and bus tire suppliers during 2024–30.
These divisions help clarify demand patterns and expected shifts.
Market Opportunities
Government Initiatives Towards Agriculture Activities to Open New Doors – Governments in the region are promoting a variety of programs to increase agricultural productivity in the Middle East and Africa. The shifting focus on self-sufficiency in food production is prompting Middle Eastern and African countries to establish a variety of initiatives and efforts to enhance the agriculture industry. To boost productivity and offset the impact of water shortages on crop yields, governments have made significant expenditures on updating agricultural infrastructure, such as irrigation systems, greenhouses, and storage facilities. For Instance,
- In 2023, the Saudi Arabian government granted the Saudi Agricultural Development Fund about USD 610 million to boost the agriculture sector in the country.
The agricultural industry is predicted to grow, increasing demand for agricultural transport such as fertilizers, seeds, and crop produce. With the surging demand for agricultural transportation, the demand for heavy-duty trucks is expected to rise, relying on truck tires. Hence, the government’s focus on increasing agricultural productivity in the Middle East and Africa is expected to create opportunities for the Middle East and African truck & Bus Tire Market.
Middle East and Africa Truck & Bus Tire Market Competitive Snapshot from 2024-2030
The report highlights established and emerging players in the global Middle East and Africa Truck & Bus Tire Market, evaluating their strengths, challenges, and potential for innovation.
Key Competitors Include:
- 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)
Their activities include partnerships, product launches, and geographic expansions.
Middle East and Africa Truck & Bus Tire Industry 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.
Frequently Asked Questions (FAQs):
- What industries are most impacted by this market?
- How is technology reshaping operations and offerings?
- Which competitors dominate the landscape?
- What risks could disrupt market expansion?
- How should businesses respond to demand fluctuations?
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