Kuwait Tire Market Forecast & Opportunities, 2021

  • Industry : Automotive
  • Pages : 112
  • Published Date : July, 2016
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Report Description

Report Description

Increasing demand for tires in Kuwait can be attributed to expanding passenger car fleet size and rising construction activities. Further, automobile sales in Kuwait grew at a CAGR of around 6% during 2011-2015 and are poised to demonstrate a similar trend during the forecast period. Anticipated growth in automobile sales is being supported by rising disposable income levels, increasing urbanization, and growing infrastructure and construction sectors in the country. Moreover, replacement demand for tires in the country is mainly addressed through imports, due to absence of domestic tire manufacturing facilities in the country. Kuwait mainly imports tires from Japan, China, South Korea, Thailand, India, US, Germany and Brazil.

According to TechSci Research report, “Kuwait Tire Market Forecast & Opportunities, 2021”, Kuwait tire market is projected to grow at a CAGR of over 11% during 2016-2021, on account of expanding vehicle fleet size, rapid infrastructure developments and increasing urbanization. Furthermore, passenger car tire segment dominates the country’s tire market followed by light commercial vehicle tire and medium & heavy commercial vehicle tire segments. Expanding passenger car fleet size and rising sales of passenger cars is projected to augur well for Kuwait tire market in the coming years. Bridgestone, Yokohama, Michelin and Goodyear are few of the leading players operating in Kuwait tire market. However, increasing penetration of low cost Chinese tires is largely hampering volume sales of premium tire brands. Nevertheless, on the back of high consumer confidence and strong dealership network, premium tire companies are expected to maintain their dominance in Kuwait tire market during the forecast period. “Kuwait Tire Market Forecast and Opportunities, 2021” report elaborates following aspects of tire market in Kuwait:

  • Kuwait Tire Market Size, Share & Forecast
  • Segmental Analysis – By Vehicle Type (Passenger Car Tires, Medium & Heavy Commercial Vehicle Tires, Light Commercial Vehicle Tires, Two-Wheeler Tires & OTR Tires) & By Tire Type (Radial vs. Bias)
  • Import & Export Analysis
  • Policy and Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

  • To gain an in-depth understanding of tire market in Kuwait
  • To identify the on-going trends and segment wise anticipated growth in the next five years
  • To help industry consultants, tire companies, distributors and other stakeholders align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire manufacturers, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table of content

Table of content

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Kuwait Tire Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume

4.2.    Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Off-the-Road and Two-Wheeler)

4.2.2.By Tire Type (Radial Vs. Bias)

4.2.3.By Company

4.2.4.By Region

5.       Kuwait Passenger Car (PC) Tire Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value & Volume

5.2.    Market Share & Forecast

5.2.1.By Vehicle Type (Sedan, Premium/Luxury, Hatchback & SUV)

5.2.2.By Tire Type (Radial Vs. Bias)

6.       Kuwait Off-The-Road (OTR) Tire Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Vehicle Type (Mining, Agriculture, Construction & Others)

6.2.2.By Tire Type (Radial Vs. Bias)

7.       Kuwait Light Commercial Vehicle (LCV) Tire Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Vehicle Type (Light Trucks & Pick up Trucks)

7.2.2.By Tire Type (Radial Vs. Bias)

8.       Kuwait Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Vehicle Type (Trucks, Buses, & Tractor Trailers & Heavy Trucks)

8.2.2.By Tire Type (Radial Vs. Bias)

9.       Kuwait Two-Wheeler (2W) Tire Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Vehicle Type (Motor Cycles & Automatic Transmission Vehicles)

9.2.2.By Tire Type (Radial Vs. Bias)

10.   Import-Export Analysis

11.   Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.   Market Trends & Developments

12.1.  Rising Popularity of Seal Inside Technology

12.2.  Growing Demand for Black/ White Walled Tires

12.3.  Increasing Retread Tire Market

12.4.  Growing Automobile Sales

12.5.  Expanding Unorganized Market

13.   Policy & Regulatory Landscape

14.   Kuwait Economic Profile

15.   Competitive Landscape

15.1.  Bridgestone Tire Distribution Co. W.L.L

15.2.  Yokohama Rubber Co. Ltd.

15.3.  Michelin UAE

15.4.  Goodyear Middle East FZE

15.5.  Hankook Tire Co. Ltd.

15.6.  Continental AG

15.7.  Sumitomo Rubber Middle East FZE

15.8.  Pirelli Tyre(Suisse) SA (Middle East Branch)

15.9.  Toyo Tire & Rubber Co., LTD.

15.10. Hangzhou Zhongce Rubber Co. Ltd. (ZC Rubber)

16.   Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Kuwait Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 2:  Kuwait Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 3: Kuwait Tire Market Share, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F

Figure 4: Kuwait Tire Market Share, By Company, By Volume, 2015-2021F

Figure 5: Kuwait Tire Market Share, By Region, By Volume, 2015 & 2021F

Figure 6: Kuwait Tire Market Share, By Region, By Volume, 2015-2021F

Figure 7: Kuwait Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 8: Kuwait Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 9: Kuwait Passenger Car Tire Market Share, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F

Figure 10: Kuwait Off-The-Road Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 11: Kuwait Off-The-Road Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 12: Kuwait Off-the-Road Tire Market Share, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F

Figure 13: Kuwait Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 14: Kuwait Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 15: Kuwait Light Commercial Vehicle Tire Market Share, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F

Figure 16: Kuwait Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2011-2021F

Figure 17: Kuwait Construction Industry Overview, 2015

Figure 18: Kuwait Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 19: Kuwait Medium & Heavy Commercial Vehicles Tire Market Share, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F

Figure 20: Kuwait Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F

Figure 21: Kuwait Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 22: Kuwait Two-Wheeler Tire Market Share, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F

Figure 23: Kuwait Tire Imports, By Volume, 2013 & 2014 (Million Units)

Figure 24: Kuwait Tire Exports, By Volume, 2013 & 2014 (Million Units)

Figure 25: Kuwait Vehicle Sales, 2011-2015 (Thousand Units)

 

List of Tables

Table 1: Kuwait Tire Market Average Selling Price, 2011-2015 (USD)

Table 2: Kuwait Vehicle Sales, By Volume, 2011-2015 (Units)

Table 3: Kuwait Tire Market Size, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F (Million Units)

Table 4: Kuwait Passenger Car Sales, By Volume, 2011-2015 (Units)

Table 5: Kuwait Passenger Car Tire ASP, 2011-2015 (USD)

Table 6: Kuwait Passenger Car Tire Market, By Vehicle Type, By Volume, 2015-2021F (Million Units)

Table 7: Kuwait Passenger Car Tire Market Size, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F (Million Units)

Table 8: Kuwait Off-the-Road Tire Market Size, By Vehicle Type, By Volume, 2014-2020F (Million Units)

Table 9: Kuwait OTR Tire Market Size, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F (Million Units)

Table 10: Kuwait Light Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Million Units)

Table 11: Kuwait Light Commercial Vehicle Tire Market Size, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F (Million Units)

Table 12: Kuwait Partial List of Major Public Authority for Housing Welfare Awarded Contracts, By Award Year (USD Million)

Table 13: Kuwait Upcoming Infrastructure Projects, By Value, As of 2015 (USD Billion)

Table 14: Kuwait List of Major Upcoming Hotels, By Location, By Company, By Number of Rooms, As of 2015

Table 15: Kuwait Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Million Units)

Table 16: Kuwait Medium & Heavy Commercial Vehicle Tire Market Size, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F (Million Unit)

Table 17: Kuwait Two-Wheeler Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)

Table 18: Kuwait Two-Wheeler Tire Market Size, By Tire Type (Radial vs. Bias), By Volume, 2015-2021F (Thousand Units)

Table 19: Kuwait Tire Imports, By Vehicle Type, By Value, 2013 & 2014 (USD Million)

Table 20: Kuwait Tire Exports, By Vehicle Type, By Value, 2013 & 2014 (USD Million)

Table 21: Kuwait Passenger Car Fleet, By Volume, 2011-2015 (Thousand Units)

Table 22: Kuwait Import Duties on Tires, 2014

Table 23: Kuwait Free Trade Agreements
Frequently asked questions

Frequently asked questions

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