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
Product Code: ETC000721 | Publication Date: Jul 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
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 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 2025-2031. 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.
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.
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.
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.
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.
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.
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.
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.
The report offers a comprehensive study of the subsequent market segments
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 Middle East and Africa Smart Tire Market Overview |
3.1 Middle East and Africa Smart Tire Market Revenues & Volume, 2021-2031F |
3.2 Middle East and Africa Smart Tire Market Revenue Share, By Tire Types, 2021 & 2031F |
3.3 Middle East and Africa Smart Tire Market Revenue Share, By Vehicle Types, 2021 & 2031F |
3.4 Middle East and Africa Smart Tire Market Revenue Share, By Distribution Channel, 2021 & 2031F |
3.5 Middle East and Africa Smart Tire Market Revenue Share, By Regions, 2021 & 2031F |
3.6 Middle East and Africa Smart Tire Market Industry Life Cycle |
3.7 Middle East and Africa Smart Tire Market- Porter’s Five Forces, 2021 |
4 Middle East and Africa Smart Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East and Africa Smart Tire Market Trends |
6 Saudi Arabia Smart Tire Market Overview |
6.1 Saudi Arabia Smart Tire Market Revenues & Volume, 2021-2031F |
6.2 Saudi Arabia Smart Tire Market Revenues & Volume, By Tire Types, 2021-2031F |
6.3 Saudi Arabia Smart Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
6.4 Saudi Arabia Smart Tire Market Revenues & Volume, By Distribution Channel, 2021-2031F |
7 UAE Smart Tire Market Overview |
7.1 UAE Smart Tire Market Revenues & Volume, 2021-2031F |
7.2 UAE Smart Tire Market Revenues & Volume, By Tire Types, 2021-2031F |
7.3 UAE Smart Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
7.4 UAE Smart Tire Market Revenues & Volume, By Distribution Channel, 2021-2031F |
8 Qatar Smart Tire Market Overview |
8.1 Qatar Smart Tire Market Revenues & Volume, 2021-2031F |
8.2 Qatar Smart Tire Market Revenues & Volume, By Tire Types, 2021-2031F |
8.3 Qatar Smart Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
8.4 Qatar Smart Tire Market Revenues & Volume, By Distribution Channel, 2021-2031F |
9 Turkey Smart Tire Market Overview |
9.1 Turkey Smart Tire Market Revenues & Volume, 2021-2031F |
9.2 Turkey Smart Tire Market Revenues & Volume, By Tire Types, 2021-2031F |
9.3 Turkey Smart Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
9.4 Turkey Smart Tire Market Revenues & Volume, By Distribution Channel, 2021-2031F |
10 South Africa Smart Tire Market Overview |
10.1 South Africa Smart Tire Market Revenues & Volume, 2021-2031F |
10.2 South Africa Smart Tire Market Revenues & Volume, By Tire Types, 2021-2031F |
10.3 South Africa Smart Tire Market Revenues & Volume, By Vehicle Types, 2021-2031F |
10.4 South Africa Smart Tire Market Revenues & Volume, By Distribution Channel, 2021-2031F |
11 Rest of Middle East and Africa Fire Protection Market Overview |
11.1 Rest of Middle East and Africa Smart Tire Market Revenues & Volume, 2021-2031F |
12 Middle East and Africa Smart Tire Market Opportunity Assessment |
12.1 Middle East and Africa Smart Tire Market Opportunity Assessment, By Tire Types, 2031F |
12.2 Middle East and Africa Smart Tire Market Opportunity Assessment, By Vehicle Types, 2031F |
12.3 Middle East and Africa Smart Tire Market Opportunity Assessment, By Distribution Channel, 2031F |
12.4 Middle East and Africa Smart Tire Market Opportunity Assessment, By Countries, 2031F |
13 Middle East and Africa Smart Tire Market Competitive Landscape |
13.1 Middle East and Africa Smart Tire Market Revenue Share, By Companies, 2024 |
13.1.1 Saudi Arabia Smart Tire Market Revenue Share, By Companies, 2024 |
13.1.2 UAE Smart Tire Market Revenue Share, By Companies, 2024 |
13.1.3 Qatar Smart Tire Market Revenue Share, By Companies, 2024 |
13.1.5 Turkey Smart Tire Market Revenue Share, By Companies, 2024 |
13.1.6 South Africa Smart Tire Market Revenue Share, By Companies, 2024 |
13.2 Middle East and Africa Smart Tire Market Competitive Benchmarking, By Operating Parameters |
14 Company Profiles |
15 Strategic Recommendations |
16 Disclaimer |
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
Product Code: ETC000721 | Publication Date: Aug 2019 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Growing investment in fleet expansion, rising vehicle density, increasing demand for construction tire in the OTR market, rising sales of new vehicles as well as strengthening distribution channels are some of the key growth drivers of the Middle East and Africa smart tire market. Smart tires are equipped with sensors and control system. Advancement in technology has resulted in efficient vehicle performance as well as better adjustment functionality of tread rubber based on changes in road conditions.
According to 6Wresearch, the Middle East and Africa (MEA) smart tire market size has substantial growth prospects during 2019-25. In the MEA market, UAE, Saudi Arabia and Qatar are anticipated to play vital role for the growth of the market. Further, players are expanding significantly to gain key share of the market. For instance, Goodyear is strengthening its value proposition and product line in the Middle East region. In March 2019, the company introduced around 60 dealers and distributors in UAE and Saudi Arabia.
The Middle East and Africa smart tire market is dominated by passenger car and commercial vehicle segments. The share of passenger vehicle is expected to surge due to growing number of connected vehicles in the region.
The Middle East and Africa smart tire market report thoroughly covers the market by Tire Types, vehicle types, distribution channels and countries. The Middle East and Africa smart tire market outlook report provides an unbiased and detailed analysis of the on-going Middle East and Africa 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:
• 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 2015-2018
• Middle East and Africa Smart Tire Market Size and Middle East and Africa Smart Tire Market Forecast of
Revenues & Volume, Until 2025
• Historical Data of Middle East and Africa Smart Tire Market Revenues & Volume, By Tire Types, for the
Period 2015-2018
• Market Size & Forecast of Middle East and Africa Smart Tire Market Revenues & Volume, By Tire Types, Until 2025
• Historical Data of Middle East and Africa Smart Tire Market Revenues and Volume, By Vehicle Type, for
the Period 2015-2018
• Market Size & Forecast of Middle East and Africa Smart Tire Market Revenues and Volume, By Vehicle Type,
Until 2025
• Historical Data of Middle East and Africa Smart Tire Market Revenues and Volume, By Distribution Channels,
for the Period 2015-2018
• Market Size & Forecast of Middle East and Africa Smart Tire Market Revenues and Volume, By Distribution
Channels, Until 2025
• Historical Data of UAE Smart Tire Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of UAE Smart Tire Market Revenues and Volume, Until 2025
• Historical Data of Saudi Arabia Smart Tire Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Smart Tire Market Revenues and Volume, Until 2025
• Historical Data of Turkey Smart Tire Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Turkey Smart Tire Market Revenues and Volume, Until 2025
• Historical Data of Qatar Smart Tire Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Qatar Smart Tire Market Revenues and Volume, Until 2025
• Historical Data of Oman Smart Tire Market Revenues and Volume, for the Period 2015-2018
• Historical Data of South Africa Smart Tire Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of South Africa Smart Tire Market Revenues and Volume, Until 2025
• 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
Markets Covered
The Middle East and Africa smart tire market report provides a detailed analysis of the following market segments:
• By Tire Types:
o Pneumatics Tires
o Non- Pneumatics Tires
• By Vehicle Types:
o Passenger Vehicles
o Commercial Vehicles
• By Distribution Channels:
o OEM
o Aftermarket
• By Counties:
o UAE
o Saudi Arabia
o Turkey
o Qatar
o South Africa
o Rest of the Region
• Other Key Reports Available:
• Global Smart Tire Market Report
• Europe Smart Tire Market Report
• North America Smart Tire Market Report
• APAC Smart Tire Market Report
• UAE Smart Tire Market Report
• Saudi Arabia Smart Tire Market Report
• Turkey Smart Tire Market Report
• Qatar Smart Tire Market Report
• South Africa Smart Tire Market Report