Product Code: ETC350019 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The tire retreading market in Saudi Arabia plays a crucial role in sustainable resource management within the automotive industry. Tire retreading involves renewing worn-out tire treads, extending their lifespan and reducing waste. This market aligns well with environmental conservation efforts and cost-effective solutions for fleet management. The practice supports the circular economy by minimizing the disposal of used tires and conserving valuable resources. The market`s growth is driven by its contribution to reducing environmental impact and offering economical alternatives to new tire purchases.
In the Saudi Arabia tire retreading market, the primary driver is the emphasis on sustainable and cost-effective tire solutions. Retreading allows for extending the lifespan of tires, reducing environmental impact, and lowering operational costs for commercial vehicles. As the transportation and logistics sectors continue to expand, the demand for retreaded tires is expected to rise. Moreover, government regulations focusing on sustainable practices are also contributing to the growth of the tire retreading industry.
Challenges in the Saudi Arabia tire retreading market include ensuring the safety and performance of retreaded tires, as well as educating consumers about their benefits. Overcoming skepticism and demonstrating the cost-effectiveness of retreaded tires are noteworthy hurdles.
The COVID-19 pandemic had a notable impact on the tire retreading market in Saudi Arabia. With reduced economic activity, including restrictions on travel and transportation, the demand for new tires was affected. This indirectly impacted the tire retreading market, as retreading is often a cost-effective alternative to buying new tires. As vehicle usage decreased and many commercial fleets were temporarily grounded, the need for tire maintenance and retreading declined. However, as economic activities gradually resumed, and the focus on cost savings increased, the tire retreading market showed signs of recovery as businesses looked to extend the life of their existing tires.
Tire retreading in Saudi Arabia has attracted key players like Riyadh Al Waha for Tyre and Rubber Industries and Retaj Al Riyadh for Tyre Retreading. These players have been pivotal in the process of retreading tires, offering sustainable and cost-effective alternatives to new tires.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Tire Retreading Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Tire Retreading Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Tire Retreading Market - Industry Life Cycle |
3.4 Saudi Arabia Tire Retreading Market - Porter's Five Forces |
3.5 Saudi Arabia Tire Retreading Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.6 Saudi Arabia Tire Retreading Market Revenues & Volume Share, By Vehicle-Type, 2021 & 2031F |
4 Saudi Arabia Tire Retreading Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Tire Retreading Market Trends |
6 Saudi Arabia Tire Retreading Market, By Types |
6.1 Saudi Arabia Tire Retreading Market, By Process Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Tire Retreading Market Revenues & Volume, By Process Type, 2021-2031F |
6.1.3 Saudi Arabia Tire Retreading Market Revenues & Volume, By Pre Cure, 2021-2031F |
6.1.4 Saudi Arabia Tire Retreading Market Revenues & Volume, By Mold Cure, 2021-2031F |
6.2 Saudi Arabia Tire Retreading Market, By Vehicle-Type |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Tire Retreading Market Revenues & Volume, By Heavy Trucks and Buses, 2021-2031F |
6.2.3 Saudi Arabia Tire Retreading Market Revenues & Volume, By Light Commercial Vehicle, 2021-2031F |
6.2.4 Saudi Arabia Tire Retreading Market Revenues & Volume, By Off-Road Vehicles, 2021-2031F |
6.2.5 Saudi Arabia Tire Retreading Market Revenues & Volume, By Passenger Cars, 2021-2031F |
7 Saudi Arabia Tire Retreading Market Import-Export Trade Statistics |
7.1 Saudi Arabia Tire Retreading Market Export to Major Countries |
7.2 Saudi Arabia Tire Retreading Market Imports from Major Countries |
8 Saudi Arabia Tire Retreading Market Key Performance Indicators |
9 Saudi Arabia Tire Retreading Market - Opportunity Assessment |
9.1 Saudi Arabia Tire Retreading Market Opportunity Assessment, By Process Type, 2021 & 2031F |
9.2 Saudi Arabia Tire Retreading Market Opportunity Assessment, By Vehicle-Type, 2021 & 2031F |
10 Saudi Arabia Tire Retreading Market - Competitive Landscape |
10.1 Saudi Arabia Tire Retreading Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Tire Retreading Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |