Middle East and Africa Automotive Tire Aftermarket Market to 2028 - By Size, Share, Growth by End User and Forecast| Business Market Insights

The automotive tire aftermarket market in the MEA is expected to grow from US$ 9,354.72 million in 2021 to US$ 12,568.39 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

Governments of various countries are enforcing several stringent regulations for vehicles and vehicle manufacturers. As a result, tire manufacturers have adopted environment-friendly raw materials without compromising on lighter tires, which significantly reduces vehicle weight, thus, providing higher fuel efficiency and less consumption. Major players in the automotive tire aftermarket are constantly working on various technologies. For instance, in 2019, Sumitomo Rubber Industries, Ltd. and Kansai University developed a new technology to generate electric power from a tire's rotation. The tire uses the build-up of static electricity, also known as frictional charging, to produce power from tire rotation. In 2020, Goodyear developed a self-generating design to extend the life of tires, making them more adaptable to several conditions. The Goodyear recharge tire concept utilizes a tread that can be replenished using fluid-filled capsules. The tread compound is made of biological material and reinforced with fibers based on spider silk. Therefore, the growing demand for green tires will propel the growth of the automotive tire aftermarket.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA automotive tire aftermarket market, which is expected to grow at a decent CAGR during the forecast period.

MEA Automotive Tire Aftermarket

Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Automotive Tire Aftermarket Strategic Insights
Strategic insights for the Middle East & Africa Automotive Tire Aftermarket provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Middle East & Africa Automotive Tire Aftermarket Report Scope

Report Attribute	Details
Market size in 2021	US$ 9,354.72 Million
Market Size by 2028	US$ 12,568.39 Million
Global CAGR (2021 - 2028)	4.3%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Tire Type Radial Tire Bias Tire By Distribution Channel OES IAM By Rim Size 13-15 16-18 19-21 More than 21
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Apollo Tires Ltd Bridgestone Corporation Continental AG Michelin NEXEN TIRE AMERICA INC PIRELLI and C. S.P.A. Sumitomo Rubber Industries, Ltd. The Goodyear Tire and Rubber Company Yokohama Rubber Co., Ltd ZHONGCE RUBBER GROUP CO. LTD.

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Middle East & Africa Automotive Tire Aftermarket Regional Insights

The geographic scope of the Middle East & Africa Automotive Tire Aftermarket refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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MEA Automotive Tire Aftermarket Market Segmentation

The MEA automotive tire aftermarket market is segmented into tire type, distribution channel, rim size, and country. The MEA automotive tire aftermarket market, based on tire type, is bifurcated into radial and bias. The radial segment held a larger market share in 2020. In terms of distribution channel, the MEA automotive tire aftermarket market is bifurcated into OES and IAM. The IAM segment held a larger market share in 2020. Based on rim size, the MEA automotive tire aftermarket market is segmented into 13–15, 16–18, 19–21, and more than 21. The 13–15 segment held the largest market share in 2020. Based on country, the MEA automotive tire aftermarket market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA.

Apollo Tires Ltd; Bridgestone Corporation; Continental AG; Michelin; NEXEN TIRE AMERICA INC; PIRELLI and C. S.P.A.; Sumitomo Rubber Industries, Ltd.; The Goodyear Tire and Rubber Company; Yokohama Rubber Co., Ltd; and ZHONGCE RUBBER GROUP CO. LTD. are among the leading companies in the MEA automotive tire aftermarket market.

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