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Ksa Tire Market To Witness CAGR Of 8% Rise In Value Share During The Period 2016-2026

Driven by favorable government policies and lack of luxury or value-added taxations (VATs), the KSA tire market is anticipated to reach US$ 2,123 Mn in revenues by 2016. Growing demand for four-wheeler vehicles and robust sales of luxury and top-end cars will continue to influence the growth of the KSA tire market.<br><br>Sales will continue to remain strong through the OEM channel, owing to consumer preference for buying tires directly from manufacturers. While overall revenues are expected to increase steadily, stringent regulation regarding used tires coupled with Implementation of stringent import standards by Saudi Arabia Standard Organization (SASO) can pose challenges to the growth of the market.<br><br>To remain u2018aheadu2019 of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/11437<br><br>By vehicle-type, the four-wheeler segment will continue to account for a leading share of the market. Demand will be substantial for cars and other passenger four-wheelers, owing to high temperatures recorded in Saudi Arabia throughout the year. As a result, the passenger cars will continue to be the most-prominent four-wheeler sub-segment, accounting to more than US$ 1,435 Mn revenues in 2016.<br><br>Rising R&D initiatives by manufacturers will fuel the product-wise growth of the KSA tire market, which is expected to supplement the sales of pneumatic and non-pneumatic tires. Increasing penetration of internet and online transactions in Saudi Arabia is will continue to influence the growth of the market.<br><br>Compared to the rest of the provinces, the Western and Central Provinces of the Kingdom are forecasted to represent a speedy growth in the demand for four wheeler vehicle tires. In the future, the provincial cities of Riyadh and Mecca are expected to be the concentrated hubs of Saudi Arabiau2019s total tire retail outlets.<br><br>Prominent global tire companies such as The Bridgestone Group, Continental AG, Pirelli & C Spa, and Michelin Group, will continue to strengthen their dominance in the KSA tire market. Companies such as<br><br>The Bridgestone Group<br>Michelin Group<br>Goodyear tire and Rubber Company<br>Pirelli & C Spa<br>Continental AG <br>Hankook Tire Company<br>Cooper tire & rubber company <br>Yokohama rubber company ltd. <br>Toyo tire & rubber company ltd. <br>Apollo tyres ltd.<br>Other.<br>For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/11437<br><br>

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Ksa Tire Market To Witness CAGR Of 8% Rise In Value Share During The Period 2016-2026

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  1. Driven by favorable government policies and lack of luxury or value-added taxations (VATs), the KSA tire market is anticipated to reach US$ 2,123 Mn in revenues by 2016. Growing demand for four-wheeler vehicles and robust sales of luxury and top- end cars will continue to influence the growth of the KSA tire market. Sales will continue to remain strong through the OEM channel, owing to consumer preference for buying tires directly from manufacturers. While overall revenues are expected to increase steadily, stringent regulation regarding used tires coupled with Implementation of stringent import standards by Saudi Arabia Standard Organization (SASO) can pose challenges to the growth of the market. To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/11437 By vehicle-type, the four-wheeler segment will continue to account for a leading share of the market. Demand will be substantial for cars and other passenger four- wheelers, owing to high temperatures recorded in Saudi Arabia throughout the year. As a result, the passenger cars will continue to be the most-prominent four-wheeler sub-segment, accounting to more than US$ 1,435 Mn revenues in 2016. Rising R&D initiatives by manufacturers will fuel the product-wise growth of the KSA tire market, which is expected to supplement the sales of pneumatic and non- pneumatic tires. Increasing penetration of internet and online transactions in Saudi Arabia is will continue to influence the growth of the market. Compared to the rest of the provinces, the Western and Central Provinces of the Kingdom are forecasted to represent a speedy growth in the demand for four wheeler vehicle tires. In the future, the provincial cities of Riyadh and Mecca are expected to be the concentrated hubs of Saudi Arabia’s total tire retail outlets. Prominent global tire companies such as The Bridgestone Group, Continental AG, Pirelli & C Spa, and Michelin Group, will continue to strengthen their dominance in the KSA tire market. Companies such as The Bridgestone Group Michelin Group

  2. Goodyear tire and Rubber Company Pirelli & C Spa Continental AG Hankook Tire Company Cooper tire & rubber company Yokohama rubber company ltd. Toyo tire & rubber company ltd. Apollo tyres ltd. Other. For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/11437

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