Saudi Arabia Two Wheeler Tire Market Research Report, 2029

The two-wheeler tire market in Saudi Arabia has evolved significantly in recent years, driven by increasing urbanization, a growing middle class, and rising disposable incomes. The surge in motorcycle and scooter usage is largely attributed to their practicality for navigating congested urban areas, making them an appealing choice for daily commutes and recreational activities. As the number of two-wheelers on the roads increases, so does the demand for tires, particularly due to their frequent wear and tear from regular use and the harsh climatic conditions prevalent in the region. The Saudi government has implemented stringent regulations to ensure road safety, which includes specific standards for tire quality such as tread depth and labeling requirements. These regulations are crucial for maintaining safety on the roads and reducing accidents, thereby influencing consumer behavior towards high-quality tires. Compliance with these regulations is mandatory for manufacturers and retailers within the market. In Saudi Arabia, two-wheeler tires are primarily used for personal transportation, delivery services, and tourism. The rise in inbound tourism has led to an increased reliance on rental scooters and motorcycles, further amplifying the demand for durable tires. Logistics companies are increasingly utilizing scooters and mopeds for efficient product delivery amidst urban traffic congestion, necessitating regular tire replacements to maintain operational efficiency. The market is characterized by the presence of several prominent players who contribute to its growth. Major companies include Goodyear, Hankook, Toyo Tire, Bridgestone, and Pirelli, among others. These companies are engaged in continuous innovation and improvement of tire technology to meet the evolving demands of consumers. Collaborations between local manufacturers and international brands are also emerging, enhancing production capabilities within the country. According to the research report "Saudi Arabia Two Wheeler Tire Market Research Report, 2029," published by Actual Market Research, the Saudi Arabia Two Wheeler Tire market is expected to reach a market size of more than USD 220 Million by 2029. One of the primary factors is the increasing vehicle ownership among the population, spurred by rising disposable incomes and urbanization. As more individuals seek efficient and cost-effective transportation options, motorcycles and scooters have become popular choices, leading to a corresponding increase in tire demand. The growing trend of using two-wheelers for both personal transport and commercial purposes, such as delivery services, further amplifies this demand. The climatic conditions in Saudi Arabia, characterized by extreme heat and sandy environments, necessitate frequent tire replacements. The harsh weather accelerates wear and tear on tires, compelling consumers to prioritize quality and durability when purchasing replacements. This creates a robust market for high-performance tires designed to withstand such conditions, presenting manufacturers with opportunities to innovate and cater to specific consumer needs. The government's investment in infrastructure projects, aligned with the Saudi Vision 2030 initiative, is another significant factor contributing to market growth. These projects aim to enhance connectivity and urban development, which in turn increases the demand for two-wheelers as a practical mode of transport within expanding urban areas. The establishment of smart cities like NEOM is expected to further stimulate this sector by promoting modern transportation solutions. Tire companies are investing heavily in research and development to create tires specifically designed for electric vehicles. They are experimenting with new silica and rubber compounds to provide better traction, handling, and lower rolling resistance. These innovations help improve the efficiency and performance of EVs.

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The Saudi Arabian two-wheeler tire market is segmented by technology into ICE vehicles and EVs, and both categories will impact the demand for tires differently. ICE vehicles dominate the market primarily because the country has relied on gasoline-powered scooters and motorcycles for several decades. These vehicles are favored because of their power, greater miles per gallon, and low prices. The demand for tires in this segment is robust and is expressed primarily by the demands of strength and performance arising out of the variation in driving conditions in the country, from mainland highways to arid desert tracks. Two wheeler tires, engineered to meet higher speed ranges and rugged terrains for motorcycles used largely for commuting as well as sporting. Despite efforts to reduce the emission levels of ICE, its market share continues to be substantial for Saudi Arabia as it has established infrastructure and low front-end costs. EVs presently comprise a smaller market size but are gradually increasing with Saudi Arabia aiming towards sustainable transport solutions under its Vision 2030. Electric two-wheeler tires need to support the lighter vehicles with lesser wear and tear, focusing on energy efficiency as well as reducing rolling resistance. The rising environmental consciousness among people together with governmental support is fueling the desire for electric two-wheelers especially in urban areas. The end-users of the two-wheeler market in Saudi Arabia comprise both personal and commercial users, which are driving the demand for tires and growth within this market individually. The personal segment represents the largest share of the demand for two-wheeler tires in the country. A better, affordable means of transportation for personal usage and an overall surge in traffic volume with increased urbanization have made more Saudis resort to scooters and motorcycles for daily commutes. This segment is highly influenced by the youth and middle-income groups, who are searching for economical means of commuting Saudi cities. As the culture changes with women being allowed to drive and increased adoption of two-wheelers by women, the personal category continues to grow further, thereby driving the tyre demand in this market. Personal users seek tyres that are durable, safe, and fuel-efficient. For private use, tires have to be comfortable, agile, and perform optimally on both asphalted roads and desert terrain. The commercial segment though smaller is gaining steadily. This would encompass two-wheelers being used in delivery services, courier businesses, and other business activities that can take place in urban cities. The sudden spurt of e-commerce and food delivery activities in Saudi Arabia has increased the demand for two-wheelers, notably motorcycles for commercial use. Tires in this class should have more mileage and much tougher usage, which require much better strength, load-carrying capacity, and overall performance compared to constant usage. Saudi Arabia two-wheeler tires market is bifurcated into vehicle types such as scooters, motorcycles, and others. The scooter market segment, in which the scooterize category has been gaining, due to increased urbanization along with the necessity of affordable, fuel-efficient transportation plays a major role in the dynamics of the market. Demand for scooter tyres will likely increase with more people living in cities preferring compact, nimble, small-sized vehicles for short-distance commutes that the government encourages through sustainable urban transport policies. Motorcycles are the most popular two-wheeler tyres in Saudi Arabia. This segment is due to the dominant culture of motorcycle usage, both as a mode of transportation and for recreation. High-performance and off-road tires account for the majority of sales due to the massive expanse of desert terrains in this country, in addition to the encouraging interest in adventure motorcycling. In addition, motorcycles are perceived as a practical means of traversing traffic streams, leading to increased demand for tough, high-quality tires in this category. Others and electric bikes, mopeds are growing but slower. It is still in its nascent stage; however, the trend is slowly shifting towards environment-friendly vehicles. As the Saudi government continues to advance green solutions to transportation in consonance with its aspirations as depicted by the vision 2030, hence, demand for this category of tires can be anticipated in later years.

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Nikita Jabrela

Business Development Manager

Considered in this report • Geography: Saudi Arabia • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Saudi Arabia Two Wheeler Tire Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Vehicle Type: • Scooter • Motorcycle • Others

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By Technology: • Internal Combustion Engines (ICE) • Electric By End-User: • Personal • Commercial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to tire industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.