Saudi Arabia Smart Tire Market (2024-2030) | Forecast, Share, Industry, Size, Revenue, Companies, Outlook, Analysis, Trends, Value & Growth

Market Forecast By Technologies (Pneumatics Tires And Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles And Commercial Vehicles), By Distribution Channels (OEM And Aftermarket), By Regions (Central Region, Western Region, Eastern Region, Southern Region), Key Countries And Competitive Landscape

Product Code: ETC001417 Publication Date: Jul 2024 Updated Date: Jul 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Key Highlights of the Report:

Saudi Arabia Smart Tire Market Highlights

Report Name Saudi Arabia Smart Tire Market
Forecast period 2024-2030
CAGR 5%
Growing Sector Automobile

Topics Covered in the Saudi Arabia Smart Tire Market Report

The Saudi Arabia Smart Tire Market report thoroughly covers the market by Technologies, Vehicle types, Distribution channels, and Regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would assist stakeholders in devising and aligning their market strategies according to the current and future market dynamics.

Saudi Arabia Smart Tire Market Synopsis

The Saudi Arabia Smart Tire Market is predicted to witness substantial growth in the forecast period. The growth can be attributed to rising disposable income, growing automotive sector, and technological advancements in tire manufacturing.

According to 6Wresearch, the Saudi Arabia Smart Tire Market is projected to grow at a CAGR of 5% during the forecast period. The growth in the market is driven by increasing demand for advanced features in vehicles and safety features. With a rise in changing consumer preferences, there has been an increase in demand for vehicles equipped with smart tire technologies such as electronic stability control, tire pressure monitoring system and automatic tire inflation system. Furthermore, government initiatives promoting the adoption of these technologies are also contributing to market growth. Moreover, rising disposable income and an overall growing automotive sector in Saudi Arabia are further fueling the demand for smart tires. As consumers become more financially stable, they spend more on vehicles with advanced features, including smart tires.

One of the major challenges facing the Saudi Arabia Smart Tire Market is the high costs associated with incorporating smart tire technology. Consumers may be hesitant to invest in more expensive vehicles with advanced features, including smart tires, particularly in a market where cost is an important factor for many buyers. Additionally, manufacturers may face difficulties in keeping up with the pace of technological advancements and may struggle to produce these products at an affordable cost.

Saudi Arabia Smart Tire Market: Key Players

Key players in the market include Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, and Michelin. These companies are focusing on strategies like collaborations, mergers & acquisitions, and technological advancements to strengthen their footprints in the market. Currently, Bridgestone Corporation holds the dominant share in the market.

Saudi Arabia Smart Tire Market: Governmental Regulations

The Saudi Arabian government has taken several initiatives to promote the adoption of smart tires in vehicles. The Ministry of Communications and Information Technology (MCIT) launched a program called “Saudi IoT” which aims to support and develop innovative technologies, including smart tire technology. Additionally, the Saudi Arabian Standards, Metrology and Quality Organization (SASO) has set mandatory regulations for all passenger vehicle tires to have a Tire Pressure Monitoring System.

Future Insights of the Market

Saudi Arabia Smart Tire Market is expected to continue its growth trajectory with the increasing adoption of smart technologies in vehicles. Furthermore, as the government continues to promote initiatives and regulations that prioritise vehicle safety and technological advancements, the market is likely to witness a further boost in demand for smart tires. Additionally, collaborations between key players and new entrants in the market are expected to bring about innovative solutions and drive market growth.

Market Segmentation by Technologies

According to Dhaval, Research Manager, 6Wresearch, pneumatic tires hold a significant market share due to their extensive use in passenger vehicles.

Market Segmentation by Vehicle Types

The Passenger Vehicles is expected to hold the dominant share given the rising demand for personal vehicles in Saudi Arabia.

Market Segmentation by Region

The Central Region holds the dominant share in the Saudi Arabia Smart Tire Market. This can be attributed to its high population and urbanisation rates, along with increasing investments in infrastructure development projects.

Key Attractiveness of the Report

  • 10 Years Market Numbers
  • Historical Data Starting from 2020 to 2023
  • Base Year: 2023
  • Forecast Data until 2030
  • Key Performance Indicators Impacting the Market
  • Major Upcoming Projects and Developments

Key Highlights of the Report:

  • Saudi Arabia Smart Tire Market Overview
  • Saudi Arabia Smart Tire Market Outlook
  • Saudi Arabia Smart Tire Market Forecast
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Smart Tire Market Size and Saudi Arabia Smart Tire Market Forecast of Revenues & Volume, Until 2030
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume, by Vehicle Types, for the Period 2020-2030
  • Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues & Volume, by Vehicle Types, Until 2030
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume, by Tire Types, for the Period 2020-2030
  • Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues & Volume, by Tire Types , Until 2030
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume, by Distribution Channels, for the Period 2020-2030
  • Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues & Volume, by Distribution Channels, Until 2030
  • Historical Data of Central Region Smart Tire Market Revenues, for the Period 2020-2030
  • Market Size & Forecast of Central Region Smart Tire Market Revenues, Until 2030
  • Historical Data of Western Region Smart Tire Market Revenues, for the Period 2020-2030
  • Market Size & Forecast of Western Region Smart Tire Market Revenues, Until 2030
  • Historical Data of Eastern Region Smart Tire Market Revenues, for the Period 2020-2030
  • Market Size & Forecast of Eastern Region Smart Tire Market Revenues, Until 2030
  • Historical Data of Southern Region Smart Tire Market Revenues, for the Period 2020-2030
  • Market Size & Forecast of Southern Region Smart Tire Market Revenues, Until 2030
  • Market Drivers and Restraints
  • Saudi Arabia Smart Tire Market Price Trends
  • Saudi Arabia Smart Tire Market Trends and Applications Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Saudi Arabia Smart Tire Market Share, By Players
  • Saudi Arabia Smart Tire Market Share, By Regions
  • Saudi Arabia Smart Tire Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Segmentation

The market research offers a comprehensive analysis of the following market segments:

By Technologies

  • Pneumatic Tires
  • Non- Pneumatic Tires

By Vehicle Types

  • Passenger Vehicles
  • Commercial Vehicles

By Distribution Channels

  • OEM
  • Aftermarket

By Regions

  • Central Region
  • Western Region
  • Eastern Region
  • Southern Region
Saudi Arabia Smart Tire Market (2024-2030): FAQs
The market growth can be attributed to the rising demand for smart technologies in vehicles, increasing personal vehicle ownership, and government initiatives towards smart transportation.
High costs associated with the incorporation of smart tire technology pose challenges to the market.
The Passenger Vehicles are expected to hold the dominant share in the market.
Key players include Bridgestone Corporation, The Goodyear Tire & Rubber Company, Continental AG, and Michelin.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Saudi Arabia Smart Tire Market Overview
3.1 Saudi Arabia Smart Tire Market Revenues & Volume, 2020-2030F
3.2 Saudi Arabia Smart Tire Market Revenue Share, By Tire Types, 2020 & 2030F
3.3 Saudi Arabia Smart Tire Market Revenue Share, By Vehicle Types, 2020 & 2030F
3.4 Saudi Arabia Smart Tire Market Revenue Share, By Distribution Channel, 2020 & 2030F
3.5 Saudi Arabia Smart Tire Market Revenue Share, By Regions, 2020 & 2030F
3.6 Saudi Arabia Smart Tire Market Industry Life Cycle
3.7 Saudi Arabia Smart Tire Market- Porter’s Five Forces, 2030
4. Saudi Arabia Smart Tire Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Saudi Arabia Smart Tire Market Trends
6. Saudi Arabia Smart Tire Market Overview, By Tire Types
6.1 Saudi Arabia Smart Tire Market Revenues & Volume, By Pneumatic Tires, 2020-2030F 
6.2 Saudi Arabia Smart Tire Market Revenues & Volume, By Non-Pneumatic Tires, 2020-2030F 
7. Saudi Arabia Smart Tire Market Overview, By Vehicle Types
7.1 Saudi Arabia Smart Tire Market Revenues & Volume, By Passenger Cars, 2020-2030F 
7.2 Saudi Arabia Smart Tire Market Revenues & Volume, By Commercial Vehicles, 2020-2030F 
8. Saudi Arabia Smart Tire Market Overview, By Distribution Channel
8.1 Saudi Arabia Smart Tire Market Revenues & Volume, By OEM, 2020-2030F 
8.2 Saudi Arabia Smart Tire Market Revenues & Volume, By Aftermarkets, 2020-2030F 
9. Saudi Arabia Smart Tire Market Overview, By Regions
9.1 Saudi Arabia Smart Tire Market Revenues, By Central Region, 2020-2030F 
9.2 Saudi Arabia Smart Tire Market Revenues, By Eastern Region, 2020-2030F 
9.3 Saudi Arabia Smart Tire Market Revenues, By Western Region, 2020-2030F 
9.4 Saudi Arabia Smart Tire Market Revenues, By Southern Region, 2020-2030F 
10. Saudi Arabia Smart Tire Market Opportunity Assessment
10.1 Saudi Arabia Smart Tire Market Opportunity Assessment, By Tire Types, 2030F
10.2 Saudi Arabia Smart Tire Market Opportunity Assessment, By Vehicle Types, 2030F
10.3 Saudi Arabia Smart Tire Market Opportunity Assessment, By Distribution Channel, 2030F
11. Saudi Arabia Smart Tire Market Competitive Landscape
11.1 Saudi Arabia Smart Tire Market  Revenue Share, By Companies, 2023
11.2 Saudi Arabia Smart Tire Market  Competitive Benchmarking, By Operating Parameters
12. Company Profiles
13. Strategic Recommendations
14. Disclaimer

Middle East & Africa Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (UAE, Saudi Arabia, Turkey, Qatar, South Africa and Rest of the Region) and Competitive Landscape

Europe Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (Germany, Italy, France, United Kingdom and Rest of Europe) and Competitive Landscape

Asia Pacific Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand and Rest of APAC) and Competitive Landscape

Global Smart Tire Market (2019-2025): Market Forecast By Technologies (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific and Rest of World), Key Countries and Competitive Landscape

Southeast Asia Tire Market (2018-2024): Market Forecast By Tire Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Philippines Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape

Southeast Asia Tire Market (2018-2024): Market Forecast By Tire Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Indonesia Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Types (Radial and Bias), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers)) and Competitive Landscape

India Two Wheeler Tire Market (2019-2025): Market Forecast By Vehicle Types (Scooter Tire, Underbone/Moped Tire, Motorcycle (Upto 250cc) and Motorcycle (Above 250cc), By Tire Types (Radial Tire (Motorcycle Radial and Scooter Radial), Bias Tire (Motorcycle Bias and Scooter Bias)), By End User Market (OEM and Replacement), By Rim Size (Motorcycle Rim (16 Inch, 17 Inch, 18 Inch and 19 Inch), Scooter Rim (10 Inch and 12 Inch)), By Regions (Eastern, Western, Northern and Southern) and Competitive Landscape

 

Market Forecast By Technologies (Pneumatics Tires And Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles And Commercial Vehicles), By Distribution Channels (OEM And Aftermarket), By Regions (Central Region, Western Region, Eastern Region, Southern Region), Key Countries And Competitive Landscape

Product Code: ETC001417 Publication Date: Nov 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Rising sales of all vehicle types coupled with continuously growing vehicle fleet size in the country has propelled the growth of smart tire market in Saudi Arabia. Also, increasing demand for tire in Off-The-Road vehicles market would lead to further increase in market demand. Moreover, emerging autonomous vehicle network and growing demand for connected vehicles would further spur the demand for smart tire market over the coming years.

According to 6Wresearch, Saudi Arabia Smart Tire Market size is anticipated to register growth during 2019-25. Growing government spending to support tourism and transportation sector in Saudi Arabia would complement the growth of Smart tire market over the next six years. In 2018, Central region of Saudi Arabia dominated the market revenues and is expected to lead the market share during the forecast period owing to growing automobile industry, growing preference for IoT enabled tires to maintain optimum vehicle efficiency.

In Saudi Arabia smart tire market, passenger vehicle segment captured majority of the market revenue share owing to increasing adoption of smart tires in passenger vehicles. Moreover, rising disposable income together with increasing demand for replacement of tires would fuel the market growth. Further, growing government spending on infrastructure and construction projects including on-going construction of smart city, “NEOM” would complement the market growth.

The Saudi Arabia smart tire market report thoroughly covers the market by vehicle types, tire types, distribution channels and regions including the central region, western region, eastern region southern region. The Saudi Arabia smart tire industry outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia smart tire market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Saudi Arabia Smart Tire Market Overview
  • Saudi Arabia Smart Tire Market Outlook
  • Saudi Arabia Smart Tire Market Forecast
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume for the Period 2015-2018
  • Saudi Arabia Smart Tire Market Size and Saudi Arabia Smart Tire Market Forecast of Revenues & Volume, Until 2025
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume, by Vehicle Types, for the Period 2015-2018
  • Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues & Volume, by Vehicle Types, Until 2025
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume, by Tire Types, for the Period 2015-2018
  • Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues & Volume, by Tire Types , Until 2025
  • Historical Data of Saudi Arabia Smart Tire Market Revenues & Volume, by Distribution Channels, for the Period 2015-2018
  • Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues & Volume, by Distribution Channels, Until 2025
  • Historical Data of Central Region Smart Tire Market Revenues, for the Period 2015-2018
  • Market Size & Forecast of Central Region Smart Tire Market Revenues, Until 2025
  • Historical Data of Western Region Smart Tire Market Revenues, for the Period 2015-2018
  • Market Size & Forecast of Western Region Smart Tire Market Revenues, Until 2025
  • Historical Data of Eastern Region Smart Tire Market Revenues, for the Period 2015-2018
  • Market Size & Forecast of Eastern Region Smart Tire Market Revenues, Until 2025
  • Historical Data of Southern Region Smart Tire Market Revenues, for the Period 2015-2018
  • Market Size & Forecast of Southern Region Smart Tire Market Revenues, Until 2025
  • Market Drivers and Restraints
  • Saudi Arabia Smart Tire Market Price Trends
  • Saudi Arabia Smart Tire Market Trends and Applications Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Saudi Arabia Smart Tire Market Share, By Players
  • Saudi Arabia Smart Tire Market Share, By Regions
  • Saudi Arabia Smart Tire Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Saudi Arabia Smart Tire Market report provides a detailed analysis of the following market segments:

  •          By Tire Types

o    Pneumatic Tires

o    Non- Pneumatic Tires

  •          By Vehicle Types:

o    Passenger Cars

o    Commercial Vehicles

  •         By Distribution Channels:

o    OEM

o    Aftermarket

  •         By Regions:

o    Central Region

o    Western Region

o    Eastern Region

o    Southern Region

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