Tire Market to Witness a Pronounce Growth during 2018-2025Posted by Harsh on July 9th, 2019 Proliferating demand for tires from four wheeler vehicles segment will continue to provide an impetus to tire market in the Kingdom of Saudi Arabia. The market is expected to gain revenues around US$ XX Bn by 2018. Driven by robust sales of tires throughout the forecast period, KSA tire market will witness an impressive CAGR of XX% through to 2025. Get More Information at Professional@ https://www.trendsmarketresearch.com/report/sample/3490 Rising inclination of population to purchasing top-end, luxury cars is expected to have a positive impact on the market in the long run. Increasing consumer preference toward OEMs will continue to fuel tire sales. Overall market revenues are foreseen to witness steady increase. Implementation of strict import standards by SASO and regulatory legislation associated with used tire sales may however restrain the market growth during the forecast period. Request For Discount Professional@ https://www.trendsmarketresearch.com/report/discount/3490 By vehicle type, four wheeler vehicles will remain the most prominent segment, led by cars and passenger vehicles, accounting for more than US$ XX Bn to total market revenues in 2018. Within four wheeler vehicles segment, passenger cars are anticipated to attract the maximum growth opportunities, owing to growing demand for passenger cars and light trucks. Commercial cars are expected to retain the second largest market position. KSA Tire Market Projected to Reach a Value of US$ XX Mn in 2018, Registering a Healthy CAGR of XX% by 2025 End Like it? Share it!More by this author |