Middle East & Africa (MEA) Smart Tire Market (2024-2030) | Value, Growth, Revenue, Share, Outlook, Industry, Forecast, Trends, Size, Companies & Analysis

Topics Covered in Middle East & Africa (MEA) Smart Tire Market Report

Middle East & Africa (MEA) Smart Tire Market report thoroughly covers the market by Tire Type, by Vehicles Type, by Distribution Channels type, by Countries type. The market report provides an unbiased and detailed analysis of the ongoing 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.

Middle East & Africa (MEA) Smart Tire Market Synopsis

Middle East & Africa (MEA) Smart Tire Market has been Developing and is predicted to rise more at a significant growth rate during the forecast period 2024 to 2030. There are several factors contributing to the market growth such as advancements in technology, increasing adoption of electric vehicles, and government initiatives towards road safety.

According to 6Wresearch, Middle East & Africa (MEA) Smart Tire Market size is expected to grow at a significant CAGR of 6.6% during 2024-2030. One of the major factors for Middle East & Africa (MEA) Smart Tire Market is the growing awareness about vehicle safety and performance. Smart tires come equipped with sensors that can monitor various parameters such as pressure, temperature, and tread wear in real-time. These vehicles are equipped with sensors that can collect real-time data about tire pressure, temperature, and tread depth. This has led to the rise in demand for smart tires, which can provide accurate information to drivers and improve overall vehicle performance.

In addition, The MEA region has implemented various regulations and policies promoting the use of sustainable transportation methods. This includes incentives for electric and hybrid vehicles, as well as initiatives to reduce emissions from vehicles. These regulations are expected to drive the adoption of smart tires, as they can contribute towards achieving these sustainability goals.

The market is also dealing with a number of challenges that are hampering its growth. One major challenge that may hinder the growth of the MEA smart tire market. These include high initial costs associated with production and lack of awareness among consumers about the benefits of smart tires. Additionally, concerns over data privacy and security may also pose a challenge to market growth.

Middle East & Africa (MEA) Smart Tire Market Leading Players

Some significant companies that are operating in the market and continuously contributing to its success are Continental AG, Michelin, Bridgestone Corporation, Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Hankook Tire Co. Ltd., Sumitomo Rubber Industries Ltd., Yokohama Rubber Co. Ltd., and Toyo Tire Corporation.

Middle East & Africa (MEA) Smart Tire Market Government Regulations

Governments in the MEA region has started to recognize the potential benefits of smart tires and have implemented various initiatives and regulations to promote their use. These initiatives aim to leverage technology for a more sustainable and efficient transportation system. This has led to the implementation of regulations mandating the use of smart tires in commercial vehicles, such as taxis and buses, in some MEA countries.

Future Insights of the Market

With the increasing focus on road safety and rising adoption of advanced technologies in vehicles, the demand for smart tires is expected to grow significantly in the MEA region. In addition, government regulations mandating the use of advanced safety features in vehicles are also driving the market growth. The region is also experiencing rapid urbanization and industrialization, which is leading to an increase in road transportation. These factors are further contributing to the demand for smart tires in the MEA region.

Market Segmentation by Tire Types

According to Dhaval, Research Manager, 6Wresearch, there has been a growing demand for non-pneumatic tires in the MEA region, particularly in the off-road vehicle segment. With the rise of outdoor activities such as desert safaris and adventure sports, these tires are becoming a popular choice for vehicles used in such terrains. increasing concerns about environmental sustainability and reducing carbon emissions are also driving the adoption of non-pneumatic tires. These tires have a longer lifespan compared to traditional pneumatic tires, reducing the need for frequent replacements and ultimately contributing to a greener environment.

Market Segmentation by Vehicles Type

On the basis of Vehicles type commercial vehicles are expected to contribute significantly to the growth of the MEA smart tire market. The growing logistics and transportation industry in countries like Saudi Arabia and UAE is fueling the demand for commercial vehicles, leading to an increase in demand for smart tires.

Market Segmentation by Distribution Channels type

The OEM segment, which includes original equipment manufacturers, has emerged as a major user of smart tires. This can be attributed to the growing production of new vehicles with advanced features and the shift towards electric and autonomous vehicles. Smart tires provide valuable data to vehicle manufacturers, helping them improve the overall performance and safety of their vehicles.

Market Segmentation by Countries type

Tukey has been witnessing a significant rise in the adoption of smart tires. The Turkish government's efforts towards promoting sustainable transportation and reducing CO2 emissions have led to an increase in the sales of electric vehicles and hybrid cars. As a result, there has been a surge in demand for smart tires that offer features such as low rolling resistance and real-time monitoring of tire pressure and temperature.

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 Developments and Projects.

Key Highlights of the Report

• Middle East and Africa Smart Tire Market Overview
• Middle East and Africa Smart Tire Market Outlook
• Middle East and Africa Smart Tire Market Forecast
• Historical Data of Middle East and Africa Smart Tire Market Revenues & Volume for the Period 2020-2030
• Middle East and Africa Smart Tire Market Size and Middle East and Africa Smart Tire Market Forecast of Revenues & Volume, Until 2030
• Historical Data of Middle East and Africa Smart Tire Market Revenues & Volume, By Tire Types, for the Period 2020-2030
• Market Size & Forecast of Middle East and Africa Smart Tire Market Revenues & Volume, By Tire Types, Until 2030
• Historical Data of Middle East and Africa Smart Tire Market Revenues and Volume, By Vehicle Type, for the Period 2020-2030
• Market Size & Forecast of Middle East and Africa Smart Tire Market Revenues and Volume, By Vehicle Type, Until 2030
• Historical Data of Middle East and Africa Smart Tire Market Revenues and Volume, By Distribution Channels, for the Period 2020-2030
• Market Size & Forecast of Middle East and Africa Smart Tire Market Revenues and Volume, By Distribution Channels, Until 2030
• Historical Data of UAE Smart Tire Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of UAE Smart Tire Market Revenues and Volume, Until 2030
• Historical Data of Saudi Arabia Smart Tire Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues and Volume, Until 2030
• Historical Data of Turkey Smart Tire Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Turkey Smart Tire Market Revenues and Volume, Until 2030
• Historical Data of Qatar Smart Tire Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Qatar Smart Tire Market Revenues and Volume, Until 2030
• Historical Data of Oman Smart Tire Market Revenues and Volume, for the Period 2020-2030
• Historical Data of South Africa Smart Tire Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of South Africa Smart Tire Market Revenues and Volume, Until 2030
• Market Drivers and Restraints
• Middle East and Africa Smart Tire Market Price Trends
• Middle East and Africa Smart Tire Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East and Africa Smart Tire Market Share, By Players
• Middle East and Africa Smart Tire Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Tire Type

• Pneumatics Tires
• Non- Pneumatics Tires

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Distribution Channels

• OEM
• Aftermarket

By Countries Type

• UAE
• Saudi Arabia
• Turkey
• Qatar
• South Africa