Pakistan Rubber Tyre Market: By Tyre: OEM Tyres, Replacement Tyres; By Components: Tube Tyre, Tubeless; By Segment: Legitimate Market, Grey Market; By Region: Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan; Price Analysis; Trade Analysis; SWOT Analysis; Porter’s Five Forces Analysis; Foreign Direct Investment in Pakistan; Manufacturing Process; Loans and Financial Assistance; Production Cost Analysis; Project Economics; Competitive Landscape & Supplier Analysis; Events and Developments

Pakistan Rubber Tyre Market Key Insights:
 

Market Outlook
 
The Pakistan rubber tyre market attained a value of around USD 415 million in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of almost 24% to reach USD 1510 million by 2025. The Pakistan rubber tyre industry is being driven by the production of low-cost tyres in the region and the adoption of advanced technology to fulfil the demand for sustainable and durable tyres.

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Properties and Applications

The Pakistan rubber tyre industry can be divided based on tyres, components, segments, designs, vehicle types, and regions.

• Tyre:
  • OEM Tyres
  • Replacement Tyres
• Component:
  • Tube Tyre
  • Tubeless
• Segment:
  • Legitimate Market
  • Grey Market
• Design:
  • Radial Tyre 
  • Bias Tyre
• Vehicle-Type:
  • Two Wheeler and Three Wheeler Tyres
  • Passenger Cars and Light Truck Tyres
  • Heavy Commercial and OTR Tyres
  • Others

The EMR report looks into the regional Pakistan rubber tyre markets like Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan, among others.

Market Analysis

The increased automotive tyre production owing to the use of advanced technologies in Pakistan is a key factor driving the demand for rubber tyres in the region. The rise in tyre production is expected to influence prominent players to invest more in the business and expand it through various segments like electric and internal combustion engine. Further, the growing use of nitrogen-inflated tyres coupled with the increased demand for tubeless tyres in the region is providing a boost to the industry.

Vehicle manufacturing has increased due to the growing consumer preference for features such as advanced driving assistance system (ADAS) and others in comparison to traditional vehicles. In addition, Pakistan is experiencing an increase in the number of electric vehicles due to favourable government policies, which is expected to expand over the forecast period, driving the market for rubber tyre further.

The radial segment, among other designs, dominates the rubber tyre industry in Pakistan. Further, the two wheeler vehicle-type segment dominates the industry, and its growing demand among consumers is expected to aid the industry growth in the future.

Competitive Landscape

The report presents a detailed analysis of the following key players in the Pakistan rubber tyre industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Bridgestone Group 
• General Tyre And Rubber Co. Ltd
• Panther Tyres Limited
• Ghauri Tyre & Tube (Pvt.) Ltd.
• The Goodyear Tyre & Rubber Company (NASDAQ: GT)
• Diamond Tyres Limited
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Questions Answered in the Report:

• How has the Pakistan rubber tyre industry performed in the previous years (2015-2019)?
• What is the forecast assessment of the industry for 2020-2025?
• What are the major drivers for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints for the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major price indicators of the industry in Pakistan?
• What are the major demand indicators of the industry in Pakistan?
• What are the price trends of OEM tyres and replacement tyres in the rubber tyre industry in Pakistan?
• Who are the key manufacturers of OEM tyres and replacement tyres in the rubber tyre industry in Pakistan?
• What are the import and export trends in the Pakistan rubber tyre market?
• Who are the top importers and exporters of rubber tyre in the industry in Pakistan?
• What is the degree of competition in the industry?
• What are the major events and developments taking place within the industry?

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