Saudi Arabia Tire Market to Grow with a CAGR of 4.79% through 2030.

The major drivers for the Saudi Arabia Tire Market are the growing vehicle sales and the need for replacement tires, driven by urbanization and economic growth.

According to TechSci Research report, “Saudi Arabia Tire Market - By Region, Competition Forecast & Opportunities, 2030F”, The Saudi Arabia tire market was valued at USD 537.57 Billion in 2024 and is expected to reach USD 711.80 Million by 2030 with a CAGR of 4.79% during the forecast period. 

The global tire industry is constantly evolving with advancements in technology and tire innovation. Saudi Arabia is no exception to this trend, with a growing consumer demand for technologically advanced and eco-friendly tire options. Advancements such as run-flat tires, low rolling resistance tires, and smart tires have gained popularity in the Saudi market as consumers seek tires that offer better fuel efficiency, longer lifespan, and improved safety. As a result, manufacturers are introducing these innovative tire options to cater to the evolving preferences of Saudi consumers, driving growth through product innovation.

The Saudi Arabian government has implemented stringent safety standards and regulations for vehicles, including tire-related requirements. These regulations aim to ensure road safety and reduce accidents. For example, there are specific requirements for tire tread depth, tire labeling, and tire pressure. Non-compliance with these regulations can result in fines or even impoundment of vehicles. This strict enforcement of safety standards and regulations encourages consumers to invest in high-quality and compliant tires, driving the market for premium and safety-oriented tire brands.

Saudi Arabia has implemented stringent regulations related to vehicle safety and tire quality. These regulations are in place to ensure road safety and reduce accidents. Compliance with these standards is not only a legal requirement but also a consumer expectation. Tire manufacturers and retailers must adhere to these regulations, which often involve rigorous testing and quality control processes. Failing to meet these standards can result in fines, legal consequences, or damage to a brand's reputation. Ensuring regulatory compliance while maintaining high-quality products can be a challenge for businesses in the tire industry, as it requires significant investments in testing and quality assurance processes.    

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Tire Market” 

The Saudi Arabia Tire Market is segmented into Vehicle Type, Demand Category, Tire Construction Type, and Region

Based on vehicle type, passenger cars represent the fastest-growing segment in Saudi Arabia's tire market in 2024. Rising vehicle ownership, expanding urbanization, and increasing disposable income levels are driving demand for high-quality tires in this segment. The growth of ride-hailing services and leasing companies has further accelerated the need for durable and fuel-efficient tires, as fleet operators prioritize cost-effective and long-lasting options. With Saudi Arabia's Vision 2030 initiatives encouraging domestic tourism and infrastructure development, more people are relying on personal vehicles for long-distance travel, increasing tire replacement rates. Consumer preferences are shifting toward premium and all-season tires, ensuring enhanced safety and performance across different road conditions. Stringent government regulations mandating tire quality standards and regular inspections are also contributing to market growth by reducing the influx of substandard imports. Advancements in tire technology, including low rolling resistance and noise-reduction features, are attracting consumers seeking improved fuel efficiency and driving comfort. E-commerce platforms are making tire purchases more convenient, further boosting sales as digital adoption increases in the automotive sector. The expanding network of service centers and tire retailers across major cities ensures easy accessibility and professional maintenance, reinforcing steady demand throughout 2024.

Western Saudi Arabia is the fastest-growing region in 2024 for the tire market, benefiting from rapid urban expansion, tourism growth, and major infrastructure projects. Cities like Jeddah and Mecca experience high vehicle density, driving continuous demand for passenger car tires. The influx of religious pilgrims for Hajj and Umrah significantly increases transportation activities, leading to frequent tire replacements for rental and private vehicles. Government investments in megaprojects such as the Red Sea tourism initiative and smart city developments further fuel automotive demand, subsequently boosting tire sales. The region’s strategic position as a commercial and trade hub enhances distribution networks, making tire availability more efficient for consumers and businesses. Rising economic activities in logistics and construction have also contributed to increased tire consumption, particularly in the premium and high-performance segments. Western Saudi Arabia's well-developed highway infrastructure supports a growing number of daily commuters, reinforcing the need for durable and long-lasting tires. The hot climate and challenging road conditions necessitate frequent tire maintenance, pushing demand for high-quality options that offer heat resistance and enhanced grip. Tire manufacturers and retailers are expanding their presence in the region to capitalize on rising consumer demand, ensuring consistent market growth throughout the year.

Major companies operating in Saudi Arabia Tire Market are:

• Bridgestone Corporation
• Continental AG
• Goodyear Tire & Rubber Company
• Sumitomo Rubber Industries Ltd
• Michelin Group
• Pirelli & C. S.p.A.
• Yokohama Rubber Company Limited
• Kumho Tire Co. Inc.
• Hankook Tire & Technology Co., Ltd
• JK Tyre & Industries Ltd.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Technological advancements in tire manufacturing have introduced innovative features such as run-flat and self-repairing tire technology to the Saudi market. Run-flat tires are designed to allow vehicles to continue driving for a certain distance even after a puncture, reducing the need for immediate replacement or roadside assistance. These tires have gained popularity among consumers seeking added safety and convenience. Similarly, self-repairing tires incorporate technologies that can automatically seal small punctures, ensuring uninterrupted travel. These features cater to the demand for improved road safety and reduced downtime, making them attractive options for consumers in Saudi Arabia”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Saudi Arabia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers, OTR), By Tire Construction Type (Radial, Bias), By Demand Category (OEM, Replacement), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Saudi Arabia Tire Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Tire Market.      

Contact

Techsci Research LLC

420 Lexington Avenue

Suite 300, New York

United States- 10170

M: +13322586602

Email: sales@techsciresearch.com

Web:  https://www.techsciresearch.com