Market Forcast By Origin(Local Manufacturing,Imports), By Types(Radial Tires, Bias Tires), By End Users(OEM, Replacement), By Vehicle Types(Trucks, Light Trucks, Two-Wheelers, Passenger Cars)and Competitive Landscape
Product Code: ETC001635 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Pakistan tire market has determined a steady growth over the past years due to developing ownership of vehicles in the country. The occurrence of high vehicle motorization rate in the country is boosting the demand for tires in the Pakistan market. Numerous technological progress in the tire manufacturing process has led to the increase of demand for radial tires all over Pakistan, as these tires offer various benefits such as high fuel-saving, improved mileage, puncture resistance, etc.
According to 6Wresearch, Pakistan Tire (Tyre) Market is projected to grow during 2020-2026. The government of Pakistan is aiming to boost and support domestic manufacturers by increasing the import tax. Pakistan is moving towards urbanization and modernization which is leading towards the rise in demand for automotive vehicles. The government is also focusing on macroeconomic reforms and infrastructure which are compelling towards the expansion of the automotive industry in Pakistan. Native and overseas investors or manufacturers of the tire market has started showing interest in the Pakistan tire market.
The two-wheeler segment holds the major share in the Pakistan tire market due to its affordability, high sales of two-wheelers in the country. The Pakistan tire manufacturers are offering such flexible and shock absorbing tires that at the time of transportation the difficulty is minimum due to which the growth in the Pakistan tire market is anticipated during the forecast period.
Pakistan Tire market report thoroughly covers the market by origin, types, vehicle types, and end-users. Pakistan Tire market outlook provides an unbiased and detailed analysis of the on-going Pakistan 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. The Pakistan tire market is expected to garner potential revenues during the forecast period 2020-26F as a result of the to-date rubber industry in the country. A good quality rubber tends to provide the tire with long life and good friction and helps to bring in a best in the class end product and is assisting to make the tire a durable and flexible product and is expected to benefit the Pakistan tire market gain strong growth potential in the coming years and the timeframe thereafter. Further, an increase in commercial and passenger vehicles is expected to trigger significant demand projections for tires and is anticipated to propel the positive growth of the Pakistan tire market in the foreseeable future.
Pakistan Tire market is estimated to gain traction during the forecast period 2020-26F on the back of rising demand for vehicles in the country. The tire market in the country has been increasing backed by increased adoption of compressed natural gas-based vehicles due to its affordable feature as a result is leaving a positive impact on the market growth in the foreseeable future. Additionally, rising commercial vehicles like buses that are helpful in carrying passengers, as a result, are estimated to strengthen tire demand in the market and would proliferate the exponential growth of the Pakistan tire market in the upcoming six years.
Pakistan tire market is estimated to register sound growth in the upcoming six years backed by the rising potential growth of the residential sector coupled with the increased adoption of two-wheelers in the country which is estimated to instigate the use of tires and that would benefit Pakistan tire market to grow exponentially in the forthcoming years. Further, based on product type, Commercial trucks are estimated to boost the tires demand in the country owing to rising goods transportation activity perform domestically which is being done through commercial trucks and that would benefit to secure the progressive growth of the Pakistan tire market in the coming timeframe.
Key Highlights of the Report
Markets Covered:
The Pakistan Tire Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Pakistan Tire Market Overview |
3.1 Country Indicators |
3.2 Pakistan Tire Market Revenues and Volume, 2016-2026F |
3.3 Pakistan Tire Market Revenue Share, By Origin, 2019 & 2026F |
3.4 Pakistan Tire Market Revenue Share, By Types, 2019 & 2026F |
3.5 Pakistan Tire Market Revenue Share, By End Users, 2019 & 2026F |
3.6 Pakistan Tire Market Revenue Share, By Vehicle Types, 2019 & 2026F |
3.7 Pakistan Tire Market - Industry Life Cycle |
3.8 Pakistan Tire Market - Porter’s Five Forces |
4. Pakistan Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Pakistan Tire Market Trends |
6. Pakistan Tire Market Overview, By Origin |
6.1 Pakistan Local Manufacturing Tire Market Revenues and Volume, 2016-2026F |
6.2 Pakistan Imports Tire Market Revenues and Volume, 2016-2026F |
7. Pakistan Tire Market Overview, By Types |
7.1 Pakistan Tire Market Revenue and Volume, By Biased Tire, 2016-2026F |
7.2 Pakistan Tire Market Revenue and Volume, By Radial Tire, 2016-2026F |
8. Pakistan Tire Market Overview, By End Users |
8.1 Pakistan Tire Market Revenue and Volume, By Replacement, 2016-2026F |
8.2 Pakistan Tire Market Revenue and Volume, By OEM, 2016-2026F |
9. Pakistan Tire Market Overview, By Vehicles Types |
9.1 Pakistan Tire Market Revenue and Volume, By Trucks, 2016-2026F |
9.2 Pakistan Tire Market Revenue and Volume, By Light Trucks, 2016-2026F |
9.3 Pakistan Tire Market Revenue and Volume, By Two-Wheelers, 2016-2026F |
9.4 Pakistan Tire Market Revenue and Volume, By Passenger Cars, 2016-2026F |
10. Pakistan Tire Market Key Performance Indicators |
11. Pakistan Tire Market Opportunity Assessment |
11.1 Pakistan Tire Market Opportunity Assessment, By Origin, 2026F |
11.2 Pakistan Tire Market Opportunity Assessment, By Types, 2026F |
11.3 Pakistan Tire Market Opportunity Assessment, By End Users, 2026F |
11.4 Pakistan Tire Market Revenue Share, By Vehicle Types, 2026F |
12. Pakistan Tire Market Competitive Landscape |
12.1 Pakistan Tire Market Revenue Share, By Companies, 2019 |
12.2 Pakistan Tire Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |