Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 120 Million

CAGR (2023-2028)

6.17%

Fastest Growing Segment

Passenger Cars

Largest Market

Dubai

Market Overview

UAE Advanced Tire Market has valued at USD 120 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.17%. The United Arab Emirates (UAE) advanced tire market has experienced remarkable growth in recent years. This growth can be attributed to several factors, including the flourishing automobile sector in the country and the increasing demand for high-performance tires. In addition to the presence of prominent global tire manufacturers, the market stands out due to their offerings' innovative design, fuel efficiency, and exceptional longevity. Moreover, the UAE's strategic location as a regional trade and logistics hub, coupled with its robust infrastructure and favorable business policies, contributes to making it an extremely lucrative market for advanced tire manufacturers. The country's well-connected transportation network and efficient distribution channels further enhance its appeal for tire manufacturers looking to establish a strong presence in the region. Furthermore, the UAE is witnessing a growing adoption of electric and autonomous vehicles. This trend is expected to have a significant impact on the demand for advanced tires in the future. As electric and autonomous vehicles become more prevalent on the UAE's roads, the need for specialized tires to cater to their unique requirements will increase. This presents a promising opportunity for advanced tire manufacturers to tap into a niche market and offer tailored solutions that meet the evolving needs of the automotive industry. Overall, the United Arab Emirates' advanced tire market is poised for continued growth, driven by various factors such as a thriving automobile sector, favorable business environment, and the increasing adoption of electric and autonomous vehicles. With the country's strategic advantages and the ever-growing demand for high-performance tires, it is an exciting time for manufacturers to explore and capitalize on the opportunities presented by this dynamic market.    

Key Market Drivers

Expanding Automotive Sector

The United Arab Emirates (UAE) boasts a thriving automotive industry, supported by its robust economy and high levels of disposable income. The demand for advanced tires in the UAE has been steadily rising, and it is intricately connected to the rapid expansion of this sector. With consumers in the UAE increasingly investing in personal vehicles, luxury cars, and sports cars, there is a growing need for high-performance advanced tires that not only meet but exceed the expectations of these discerning vehicle owners. These advanced tires are designed to provide exceptional grip, durability, and handling capabilities, perfectly complementing the performance and style of these vehicles.

The expanding automotive landscape in the UAE serves as a primary driver for the flourishing advanced tire market. As more and more individuals choose to own and drive vehicles in the country, the demand for advanced tires continues to soar. This trend has paved the way for innovation and growth in the industry, with tire manufacturers constantly pushing the boundaries of technology and design to meet the evolving needs of the market. The UAE's automotive industry is not only contributing to the economy but also driving advancements in tire technology, benefiting both consumers and the industry as a whole.

Preference for High-Performance Vehicles

The UAE is known for its affinity for luxury and high-performance vehicles. The region boasts a considerable number of luxury car enthusiasts, and sports and supercars are a common sight on its roads. Such vehicles demand advanced tires that offer superior handling, braking, and stability, which aligns with the consumer preference for performance-oriented driving experiences. This preference for high-performance vehicles directly contributes to the demand for advanced tires in the UAE.

Extreme Weather Conditions

The UAE experiences extreme weather conditions, including scorching temperatures and occasional sandstorms. These conditions can significantly affect tire performance and durability. Advanced tires are designed to withstand such challenges, offering better heat resistance, tread life, and grip on both dry and wet surfaces. As a result, consumers in the UAE prioritize advanced tires that can perform optimally in the region's challenging climate.

Safety and Enhanced Performance

Safety is of utmost importance for consumers in the UAE. In an effort to meet this demand, advanced tires have been meticulously engineered to incorporate a wide range of superior safety features. These cutting-edge tires not only provide shorter braking distances and enhanced traction, but they also offer enhanced stability and control, even in challenging road conditions. With stringent safety regulations in place and an increasing awareness of the significance of road safety, consumers are now more inclined than ever to invest in advanced tires that not only offer peace of mind, but also ensure optimum safety during their daily commutes and travels. By choosing these technologically advanced tires, individuals can confidently navigate the roads, knowing that they have taken an extra step towards safeguarding themselves and their loved ones.

Technological Advancements

The UAE is a technologically advanced country with a penchant for innovation. This extends to the automotive sector, where consumers expect the latest technological advancements. Advanced tire technology, including run-flat tires, self-sealing tires, and smart tire sensors, is gaining traction among consumers who value cutting-edge features that enhance convenience, safety, and performance.

Performance-Oriented Events and Motorsports

The UAE hosts various motorsport events, including Formula 1 races and off-road rallies. Such events not only fuel the enthusiasm for high-performance vehicles but also create a demand for advanced tires designed for motorsports and off-road applications. The presence of these events stimulates interest in advanced tire options among motorsport enthusiasts and adventure seekers.      


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Key Market Challenges

Intense Competition

The UAE Advanced Tire Market is a highly competitive landscape, with a wide array of tire brands and manufacturers eagerly competing for consumer attention. This intense and dynamic competition presents both domestic and international players with unique challenges as they strive to establish a robust foothold in the market. To truly thrive and succeed, companies must not only invest in strategic marketing efforts, but also focus on meticulous product differentiation and the incorporation of innovative features that set them apart from the crowded field. By doing so, they can effectively capture the interest and loyalty of discerning customers who seek exceptional quality, performance, and reliability in their tire choices.

Price Sensitivity

While the United Arab Emirates (UAE) is renowned for its affluent population, it is important to note that consumers in this region are still price-sensitive, especially considering the easy accessibility of price comparisons through digital platforms. Advanced tires, with their superior features and cutting-edge technology, often come with a premium price tag. Convincing price-conscious consumers to invest in these tires can present a significant challenge. It requires tire manufacturers and retailers to effectively communicate not only the immediate benefits but also the long-term advantages and value that advanced tires bring to the table. By highlighting aspects such as improved fuel efficiency, enhanced safety, and prolonged lifespan, tire manufacturers and retailers can demonstrate the compelling reasons why investing in advanced tires is a smart decision for consumers in the UAE.

Consumer Awareness and Education

Many consumers in the United Arab Emirates (UAE) may not be fully aware of the numerous advantages and innovative features that advanced tires offer. This lack of awareness presents a potential obstacle to the market's growth potential. Manufacturers and retailers face the significant challenge of not only introducing but also educating consumers about the various safety, performance, and durability benefits that advanced tires bring. By highlighting the exceptional grip on different road surfaces, enhanced fuel efficiency, and extended tread life, we can encourage wider adoption and drive the expansion of the market for advanced tires in the UAE.

Road Conditions and Maintenance

Despite the UAE's modern infrastructure, road conditions can vary significantly, with some areas experiencing wear and tear due to extreme weather conditions and heavy traffic. Maintaining advanced tire performance on less-than-ideal road surfaces can be challenging. Manufacturers must address this by developing tires with enhanced durability and resistance to road hazards to meet the demands of diverse driving conditions.

Counterfeit Products and Consumer Trust

The presence of counterfeit and substandard tires in the market is a persistent challenge. Counterfeit tires not only pose safety risks but also erode consumer trust in the authenticity and quality of advanced tires. Ensuring the authenticity of products and educating consumers about the importance of purchasing from reputable sources is an ongoing challenge for the industry.

Regulatory Compliance

The UAE has regulations and standards in place to ensure tire safety and performance. Compliance with these regulations is crucial for tire manufacturers and importers. Navigating the complex regulatory landscape, including labeling requirements and safety standards, can be challenging, particularly for new market entrants and smaller players. Adherence to these regulations is essential to building consumer trust and avoiding legal issues.     

Key Market Trends

Rising Demand for Run-Flat Tires

Run-flat tires, designed with reinforced sidewalls to enable a vehicle to keep moving even after a puncture or loss of tire pressure, are gaining significant popularity in the UAE. These innovative tires offer not only enhanced safety and convenience but also provide a peace of mind to drivers and passengers in a region known for its extreme temperatures and challenging road conditions. By eliminating the immediate need for tire changes on busy highways, run-flat tires ensure that drivers can continue their journey without compromising their safety or causing unnecessary delays. With their ability to withstand the rigors of unexpected tire failures, run-flat tires are revolutionizing the driving experience in the UAE, making them an ideal choice for those seeking a reliable and hassle-free solution.

Growing Interest in Eco-Friendly Tires

As environmental concerns become increasingly important worldwide, UAE consumers are showing interest in eco-friendly tires. These tires are designed to reduce rolling resistance, leading to improved fuel efficiency and lower carbon emissions. With a growing awareness of sustainability, eco-conscious consumers are choosing tires that align with their environmental values.

Smart Tire Technology

Smart tire technology is making inroads into the UAE Advanced Tire Market. These tires are equipped with sensors that monitor tire pressure, temperature, and tread wear in real-time. Drivers receive alerts and information through smartphone apps or in-car displays, allowing them to take timely action and maintain optimal tire performance. Smart tire technology enhances safety, fuel efficiency, and tire longevity, making it a desirable feature for tech-savvy consumers.

Online Tire Purchases and E-Commerce Growth

In recent years, the United Arab Emirates (UAE), much like numerous other regions, has experienced a remarkable surge in the popularity of online tire purchases. The advent of e-commerce platforms and dedicated tire websites has revolutionized the way consumers shop for tires, offering unparalleled convenience and a plethora of options. With the ability to effortlessly browse through a wide range of tire brands, compare prices, and access valuable customer reviews, online tire sales have witnessed a significant upward trajectory. What truly resonates with consumers is the flexibility and comfort of ordering tires from the confines of their homes, with the added convenience of having them conveniently delivered or professionally installed at a time that suits them best. This growing trend reflects the evolving preferences of consumers who seek hassle-free solutions and the ability to make informed decisions when it comes to their tire purchases.

Customization and Personalization

Consumers in the UAE are increasingly seeking customization and personalization options when it comes to their vehicles, including their tires. Advanced tire manufacturers are responding to this trend by offering a range of tire sizes, tread patterns, and sidewall designs. Buyers can choose tires that not only meet their performance requirements but also align with their aesthetic preferences, allowing for a personalized driving experience.

High-Performance and Sports Car Segment Growth

The UAE's love for high-performance and luxury vehicles continues to drive demand for advanced tires, particularly in the high-end sports car segment. With an increasing number of sports and supercars on the road, there is a growing need for tires that deliver exceptional handling, grip, and speed capabilities. Tire manufacturers are introducing specialized tires designed for high-performance vehicles, catering to the niche market of automotive enthusiasts.

Segmental Insights

Vehicle Type Insights

In the United Arab Emirates (UAE), the advanced tire market is segmented by vehicle type, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Among these segments, passenger cars hold the largest share due to their high prevalence in the country. With advancements in tire technologies, such as run-flat tires, eco-friendly tires, and nitrogen tires, being increasingly adopted, the passenger car segment is witnessing significant growth.

Moreover, the light commercial vehicle and heavy commercial vehicle segments also contribute substantially to the market. This can be attributed to the expanding logistics and construction sectors in the UAE, which necessitate reliable and high-performance tires to meet the demands of transportation and heavy-duty applications. The increasing construction projects, infrastructure development, and transportation requirements in the country are driving the demand for advanced tires that can withstand challenging terrains and heavy loads.

Furthermore, the UAE's position as a global trade hub further amplifies the need for efficient transportation, leading to the adoption of advanced tire technologies in commercial vehicles. As the country experiences rapid economic growth and infrastructure development, the advanced tire market is expected to further flourish. The increasing demand for durable and efficient tires across various vehicle types, coupled with the government's emphasis on sustainability and environmental initiatives, is driving the adoption of advanced tire technologies in the UAE.   

Tire Type Insights  

The advanced tire market in the UAE is a thriving industry driven by continuous innovation and the increasing consumer demand for high-quality products. These tires are meticulously designed with cutting-edge technology and incorporate superior materials to ensure exceptional durability, enhanced safety features, and optimal fuel efficiency.

In recent years, there has been a notable surge in the demand for eco-friendly tires within the UAE market. This growing trend is a result of heightened consumer awareness concerning environmental issues and the importance of fuel conservation. As a response, tire manufacturers have been focusing on developing and offering a wide range of environmentally friendly tire options to cater to the eco-conscious consumers.

Moreover, the expansion of the luxury car market in the UAE has significantly contributed to the rising demand for high-performance tires. These tires are engineered to deliver superior traction, enhanced speed capabilities, and maximum comfort, aligning perfectly with the discerning needs of luxury car owners.

The tire manufacturers operating within this region are deeply committed to meeting the diverse needs and preferences of consumers. Hence, they continue to invest in research and development to develop technologically advanced, efficient, and reliable tires that surpass expectations in terms of performance, safety, and longevity. By constantly pushing the boundaries of tire technology, these manufacturers strive to provide exceptional products that cater to the ever-evolving demands of the UAE market.

With a dynamic and progressive market landscape, the advanced tire industry in the UAE is poised for continued growth and innovation, ensuring that consumers have access to top-of-the-line products that enhance their driving experience and provide peace of mind on the roads.


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Regional Insights

In the United Arab Emirates (UAE), the advanced tire market is experiencing remarkable growth due to several factors. One key driver is the thriving automotive industry in the country, which has witnessed a significant increase in demand for high-quality tires. As the average disposable income of consumers continues to rise, there is a growing preference for advanced and superior tires that offer enhanced performance and durability.

Technological advancements in the tire industry have also played a crucial role in driving this growth. For instance, the integration of tire pressure monitoring systems (TPMS) in smart tires has gained popularity among consumers in the UAE. This innovative feature provides real-time monitoring of tire pressure, ensuring optimal safety and performance on the roads.

Moreover, with the UAE being home to several luxury car manufacturers, there is a specific market segment that demands advanced tires to complement their high-end vehicles. This niche market further contributes to the robust growth of the advanced tire market in the UAE.

Overall, the expanding automotive industry, increasing disposable income, and technological advancements are driving the demand for advanced tires in the UAE. This trend is expected to continue, as car owners and enthusiasts alike seek top-notch tires that cater to their discerning needs and elevate their driving experience.   

Recent Developments

  • Infineon Technologies AG combines its proven automotive expertise with its patented glass- Silicon-glass MEMS sensor for the automotive tire pressure monitoring system (TPMS) market to launch the XENSIV™ SP49 tire pressure monitoring sensor. The Sensor integrates MEMS sensors and ASIC and provides smart tire features that Enable advanced tire pressure monitoring systems.
  • In 2022, Maxam has partnered with Case Construction to supply OTR tires.

Key Market Players

  • 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

By Vehicle Type

By Tire Type

By Technology

By Material Type

By Region

  • On-Highway Vehicle
  • Off-Highway Vehicle
  • Run-Flat
  • Airless
  • Pneumatic
  • On-Highway Vehicle Technology
  • Off-Highway Vehicle Technology
  • Natural Rubber
  • Synthetic Rubber
  • Steel
  • Elastomers
  • Others
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ajman
  • Rest of UAE

 

 

Report Scope:

In this report, the UAE Advanced Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • UAE Advanced Tire Market, By Vehicle Type:

o   On-Highway Vehicle

o   Off-Highway Vehicle

  • UAE Advanced Tire Market, By Tire Type:  

o   Run-Flat

o   Airless

o   Pneumatic

  • UAE Advanced Tire Market, By Technology: 

o   On-Highway Vehicle Technology

o   Off-Highway Vehicle Technology

  • UAE Advanced Tire Market, By Material Type: 

o   Natural Rubber

o   Synthetic Rubber

o   Steel

o   Elastomers

o   Others

  • UAE Advanced Tire Market, By Region:   

o   Dubai

o   Abu Dhabi

o   Sharjah

o   Ajman

o   Rest of UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the UAE Advanced Tire Market.

Available Customizations:

UAE Advanced Tire Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

UAE Advanced Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]   

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on UAE Advanced Tire Market Outlook

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Awareness

5.3.  Brand Satisfaction Level

6.    UAE Advanced 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 Market Share Analysis (On-Highway Vehicle and Off-Highway Vehicle)

6.2.2.     By Technology Market Share Analysis (On-Highway Vehicle Technology and Off-Highway Vehicle Technology)

6.2.3.     By Tire Type Market Share Analysis (Run-Flat, Airless and Pneumatic)

6.2.4.     By Material Type Market Share Analysis (Natural Rubber, Synthetic Rubber, Steel, Elastomers and Others)  

6.2.5.     By Regional Market Share Analysis

6.2.5.1.         Dubai Market Share Analysis

6.2.5.2.         Abu Dhabi Market Share Analysis

6.2.5.3.         Sharjah Market Share Analysis

6.2.5.4.         Ajman Market Share Analysis

6.2.5.5.         Rest of UAE Market Share Analysis

6.2.6.     By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2022)

6.3.  UAE Advanced Tire Market Mapping & Opportunity Assessment

6.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2.     By Technology Market Mapping & Opportunity Assessment

6.3.3.     By Tire Type Market Mapping & Opportunity Assessment

6.3.4.     By Material Type Market Mapping & Opportunity Assessment

6.3.5.     By Regional Market Mapping & Opportunity Assessment

7.    UAE On-Highway Vehicle Advanced 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 Market Share Analysis

7.2.2.     By Technology Market Share Analysis

7.2.3.     By Tire Type Market Share Analysis

7.2.4.     By Material Type Market Share Analysis

8.    UAE Off-Highway Vehicle Advanced 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 Market Share Analysis

8.2.2.     By Technology Market Share Analysis

8.2.3.     By Tire Type Market Share Analysis

8.2.4.     By Material Type Market Share Analysis

9.    Market Dynamics

9.1.  Market Drivers

9.2.  Market Challenges

10.  Market Trends & Developments

11.  SWOT Analysis

11.1.                Strength

11.2.                Weakness

11.3.                Opportunities

11.4.                Threats

12.  Porter’s Five Forces Model

12.1.                Competitive Rivalry

12.2.                Bargaining Powers of Suppliers

12.3.                Bargaining Powers of Buyers

12.4.                Threat of New Entrants

12.5.                Threat of Substitutes

13.  Policy & Regulatory Landscape

14.  UAE Economic Profiles

15.  Competitive Landscape

15.1.                Company Profiles (Up to 10 Major Companies)

15.1.1.  Bridgestone Corporation

15.1.1.1.      Company Details

15.1.1.2.      Key Products Offered

15.1.1.3.      Recent Development

15.1.1.4.      Key Management Personnel

15.1.2.  Continental AG

15.1.2.1.      Company Details

15.1.2.2.      Key Products Offered

15.1.2.3.      Recent Development

15.1.2.4.      Key Management Personnel

15.1.3.  Goodyear Tire & Rubber Company

15.1.3.1.      Company Details

15.1.3.2.      Key Products Offered

15.1.3.3.      Recent Development

15.1.3.4.      Key Management Personnel

15.1.4.  Sumitomo Rubber Industries Ltd

15.1.4.1.      Company Details

15.1.4.2.      Key Products Offered

15.1.4.3.      Recent Development

15.1.4.4.      Key Management Personnel

15.1.5.  Michelin Group

15.1.5.1.      Company Details

15.1.5.2.      Key Products Offered

15.1.5.3.      Recent Development

15.1.5.4.      Key Management Personnel

15.1.6.  Pirelli & C. S.p.A.

15.1.6.1.      Company Details

15.1.6.2.      Key Products Offered

15.1.6.3.      Recent Development

15.1.6.4.      Key Management Personnel

15.1.7.  Yokohama Rubber Company Limited

15.1.7.1.      Company Details

15.1.7.2.      Key Products Offered

15.1.7.3.      Recent Development

15.1.7.4.      Key Management Personnel

15.1.8.  Kumho Tire Co. Inc.

15.1.8.1.      Company Details

15.1.8.2.      Key Products Offered

15.1.8.3.      Recent Development

15.1.8.4.      Key Management Personnel

16.  Strategic Recommendations

16.1.                Key Focus Areas

16.1.1.  Target Regions

16.1.2.  Target Vehicle Type

16.1.3.  Target Demand Category

17. About Us & Disclaimer  

Figures and Tables

Frequently asked questions

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The market size of the UAE Advanced Tire Market was estimated to be USD 120 Million in 2022.

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In the UAE Advanced Tire Market, the passenger cars segment was dominant in 2022. The growing demand for personal vehicles coupled with the increasing emphasis on vehicle safety contributed significantly to this dominance. Moreover, advancements in tire technologies, such as the integration of sensors for monitoring tire pressure and temperature, have further bolstered the market's growth in this segment.

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In the UAE Advanced Tire Market, the dominant region is Dubai. The city's rapid urbanization, combined with its strong emphasis on technological advancements and a robust automotive industry, contributes significantly to its leading position in the advanced tire market.

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The major drivers for the UAE Advanced Tire Market include a growing automotive industry, a preference for high-performance and luxury vehicles, and increasing awareness of the safety and performance benefits offered by advanced tires in a region known for its high temperatures and diverse road conditions.

profile

Srishti Verma

Business Consultant
Press Release

Advanced Tire Market to Grow with a CAGR of 6.17% in UAE through to 2028

Nov, 2023

The major drivers for the UAE Advanced Tire Market include a growing automotive industry, a preference for high-performance and luxury vehicles, and increasing awareness of the safety and performance