Saudi Arabia Four Wheeler Tire Market Research Report 2021-2027
Posted by arshiyashaikh on March 23rd, 2022
Saudi Arabia Four Wheeler Tire Market was valued at USD2,147.25 million in 2021, and it is anticipated to grow at a CAGR of 10.08% to reach USD3,639.62 million by 2027. Favorable government policies, growing expenditure capacity of consumers, and increased average life of four wheeler vehicles are the primary factors driving the growth of the Saudi Arabia four wheeler tire market in the forecast period.
The surge in the country\'s employment rate enables more consumers to spend significant amounts on the maintenance of vehicles to live a quality life. Rapid urbanization and industrialization coupled with road infrastructure development are bolstering the sales of four wheeler vehicles. The introduction of advanced features in four wheeler automobiles and the launch of vehicles having high fuel mileage, seating capacity, and more excellent performance are expected to create lucrative opportunities for the Saudi Arabia four wheeler tire market.
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Joined: February 5th, 2019
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