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

Pakistan Tire (Tyre) Market Highlights

Report Name	Pakistan Tire (Tyre) Market
Forecast period	2024-2030
CAGR	10.5%
Growing Sector	Transportation

Topics Covered in the Pakistan Tire (Tyre) Market Report

The Pakistan Tire (Tyre) Market report thoroughly covers the market by Types, Origin, End Users, and Vehicle Types. 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.

Pakistan Tire (Tyre) Market Synopsis

The Pakistan Tire (Tyre) Market has seen steady growth due to demand for all types of tires. It is expected that the market will witness growth in the coming years. This growth is driven by urbanization, the rising income of people, the growing automotive industry, and the availability of raw materials.

According to 6Wresearch, the Pakistan Tire (Tyre) Market size is expected to grow at a significant CAGR of 10.5% during 2024-2030. The automotive industry of Pakistan is growing due to the rise in disposable income of people and government policies. The increase in a number of vehicles has raised the need for tyres in the market. There is a growing demand for replacement tyres due to an increase in vehicle sales. As tyres have an average lifespan of 3  years, people are replacing their torn tyres more frequently. Pakistan is a major producer of rubber which is a raw material used in tire manufacturing. The availability of raw materials at affordable cost is a significant driver for the market. Moreover, with the introduction of technology in materials, design, and manufacturing processes the manufacturers are able to produce more efficient and durable tyres, thus driving the growth of the market.

The biggest challenge faced by the market is smuggling, as tyres are imported into the country without paying import taxes. Moreover, low-quality tyres are imported into the country due to their rising demand. This creates safety issues for the consumers. The tyre industry in Pakistan does not receive adequate support from the government, hindering its growth and competitiveness in the market.

Pakistan Tire (Tyre) Industry: Leading Players

Key players in the Pakistan Tire (Tyre) Market include General Tyre and Rubber Company of Pakistan Limited, Service Industries Limited, Atlas Honda Limited, Pak Suzuki Moto Company Limited, Yokohama Tire Pakistan Private Limited, Continental Tyres Pakistan Private Limited, Dunlop Pakistan Limited, Ghandhara Industries Limited, Servis Tyres (Service Sales Corporation), and Michelin Tyre Company Limited. These players dominate the market and account for a significant share of sales in the country. They offer a wide range of tyres for various types of vehicles, including cars, motorcycles, trucks, and buses.

Pakistan Tire (Tyre) Market: Government Regulations

The government initiatives aim to improve the quality of tyres, increase domestic production, and attract foreign investment. The government has implemented strict quality control regulations for an imported tyre to ensure that only high-quality tyres enter the market. moreover, to boost the tyre market the government has set up special economic zones for the manufacturing of tyres. the government has also taken measures to promote research and development in the tyre industry. They have set up research centres and provided funds for innovation and technology adoption. Additionally, they have launched campaigns to increase awareness of the importance of the quality of tyres.

Future Insights of the Market

In future, the Pakistan Tire (Tyre) market will have steady growth due to domestic consumption and exports. There will increase in demand for automobiles due to the growth of the country’s economy. Thus increased number of vehicles will drive the growth of the market. Technological advancements have led to the development of eco-friendly tyres which have lower carbon emissions and hence will drive the market. Moreover, government initiatives have opened opportunities for small-scale manufacturers to establish their presence in the market.

Market Segmentation by Origin

According to Ravi Bhandari, Research Head, 6Wresearch, the import segment is growing in the market due to the increasing demand for high-quality tyres from international brands and government initiatives promoting trade in the country.

Market Segmentation by Type

Based on the types, radial tyres are gaining popularity in the market due to their superior performance, durability and increasing demand from commercial vehicles.

Market Segmentation by Vehicle Types

Among vehicle types, passenger cars are growing significantly in the market due to the increasing number of car buyers in Pakistan and the rise in disposable income of the people.

Key Attractiveness of the Report

• 10 Years of 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

• Pakistan Tire Market Overview
• Pakistan Tire Market Outlook
• Pakistan Tire Market Forecast
• Historical Data of Pakistan Tire Market Revenues and Volume, for the Period 2020-2030
• Pakistan Tire Market Size and Pakistan Tire Market Forecast of Revenues and Volume, Until 2030
• Historical Data of Pakistan Tire Market Revenues and Volume, By Vehicle Types, for the Period 2020-2030
• Market Size & Forecast of Pakistan Tire Market Revenues and Volume, By Vehicle Types, until 2030
• Historical Data of Pakistan Tire Market Revenues and Volume, By Types, for the Period 2020-2030
• Market Size & Forecast of Pakistan Tire Market Revenues and Volume, By Types, until 2030
• Historical Data of Pakistan Tire Market Revenues and Volume, By Origin, for the Period 2020-2030
• Market Size & Forecast of Pakistan Tire Market Revenues and Volume, By Origin, until 2030
• Historical Data of Pakistan Tire Market Revenues and Volume, By End Users, for the Period 2020-2030
• Market Size & Forecast of Pakistan Tire Market Revenues and Volume, By End Users, until 2030
• Historical Data of Pakistan Tire Market Revenues and Volume, By Regions, for the Period 2020-2030
• Market Size & Forecast of Pakistan Tire Market Revenues and Volume, By Regions, until 2030
• Market Drivers and Restraints
• Pakistan Tire Market Trends and Industry Life Cycle
• Pakistan Tire Market Revenue Share, By Players
• Pakistan Tire Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

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