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Pakistan Rubber Tyre Market Size, Share, Growth, Forecast: By Vehicle Type: Two-Wheeler and Three Wheeler Tyres, Passenger Cars and Light Truck Tyres, Heavy Commercial and OTR Tyres; By Segment: OEM, Replacement; By Market Type: Legitimate Market, Grey Market; By Design; By Type; Regional Analysis; Competitive Landscape; 2024-2032
Pakistan Rubber Tyre Market Outlook
The Pakistan rubber tyre market attained a volume of about 29.61 million units in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.76% to reach nearly 63.05 million units by 2032.
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Rise in Vehicle Ownership is Augmenting the Market Growth of Rubber Tyres in Pakistan
The Pakistan rubber tyre industry is witnessing growth on account of increased vehicle ownership in the country. This can be attributed to the various infrastructural and macroeconomic reforms undertaken by the governing agencies in Pakistan, which is pushing the market growth of various industries, including the automotive and tyre industries. In addition to this, vehicle manufacturing has increased in recent years in Pakistan due to the growing consumer preference for advanced features like advanced driving assistance system (ADAS) along with other features. This has been incrementing the demand for tyres, thereby augmenting the growth of the market. Furthermore, the rise in the number of electronic vehicles in Pakistan on account of favourable government policies to promote sustainability is another key factor invigorating the growth of the market.
Rubber Tyre: Market Segmentation
Rubber tyres represent a significant component in automobiles that aid in transferring a load of a vehicle from the axle to the ground.
Based on vehicle type, the market can be divided into:
- Two-Wheeler and Three Wheeler Tyres
- Passenger Cars and Light Truck Tyres
- Heavy Commercial and OTR Tyres
On the basis of segment, the market can be categorised into:
- OEM
- Replacement
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The market, based on market type, can be segmented into:
- Legitimate Market
- Grey Market
On the basis of design, the market can be classified into:
- Radial
- Bias
Based on type, the market can be segmented into:
- Tube Tyres
- Tubeless Tyres
The EMR report looks into the regional markets of rubber tyre in Pakistan like Sindh, Punjab, Khyber Pakhtunkhwa, and Balochistan, among others.
Supportive Government Policies to Promote Domestic Manufacturers to Push the Market Growth
In line with increased demand for tyres, the Pakistani rubber tyre industry is witnessing growth due to robust local and foreign investments. In addition to this, the robust competition in terms of strong penetration of leading tyre manufacturers in the region is promoting the adoption of advanced technology to increase the life cycle of tyres in a cost-friendly manner, which is contributing to the growth of the market. Additionally, the growing preference for nitrogen gas in car tyres to produce sustainable and durable tyres is providing impetus to the Pakistan rubber tyre industry. Furthermore, supportive government policies, such as the imposition of taxes on imports to support domestic manufacturers, is boosting the growth of the market.
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Key Industry Players in the Pakistan Rubber Tyre Market
The report presents a detailed analysis of the following key players in the Pakistan rubber tyre market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- General Tyre and Rubber Co. Ltd.
- Panther Tyres Limited
- Diamond Tyres Limited
- Ghauri Tyre and Tube Pvt. Limited
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Segment |
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| Breakup by Market Type |
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| Breakup by Design |
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Pakistan
7 Opportunities and Challenges in the Market
8 Pakistan Rubber Tyre Market Analysis
8.1 Key Industry Highlights
8.2 Pakistan Rubber Tyre Historical Market (2018-2023)
8.3 Pakistan Rubber Tyre Market Forecast (2024-2032)
8.4 Pakistan Rubber Tyre Market by Vehicle Type
8.4.1 Two-Wheeler and Three Wheeler Tyres
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Passenger Cars and Light Truck Tyres
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Heavy Commercial and OTR Tyres
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Pakistan Rubber Tyre Market by Segment
8.5.1 OEM
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Replacement
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Pakistan Rubber Tyre Market by Market Type
8.6.1 Legitimate Market
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Grey Market
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Pakistan Rubber Tyre Market by Design
8.7.1 Radial
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Bias
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Pakistan Rubber Tyre Market by Type
8.8.1 Tube Tyres
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Tubeless Tyres
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Pakistan Rubber Tyre Market by Region
8.9.1 Sindh
8.9.2 Punjab
8.9.3 Khyber Pakhtunkhwa
8.9.4 Balochistan
8.9.5 Others
9 Regional Analysis
9.1 Sindh
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Punjab
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Khyber Pakhtunkhwa
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Balochistan
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Foreign Direct Investment in Pakistan
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
14.3 Mass Balance and Raw Material Requirements
15 Project Details and Cost Analysis
15.1 Land, Location and Site Development
15.2 Plant Machinery
15.3 Cost of Raw Material
15.4 Packaging
15.5 Transportation
15.6 Utilities
15.7 Manpower
15.8 Other Capital Investment
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 General Tyre and Rubber Co. Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Panther Tyres Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Diamond Tyres Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ghauri Tyre and Tube Pvt. Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Pakistan Rubber Tyre Market: Key Industry Highlights, 2018 and 2032
2. Pakistan Rubber Tyre Historical Market: Breakup by Vehicle Type (Million Units), 2018-2023
3. Pakistan Rubber Tyre Market Forecast: Breakup by Vehicle Type (Million Units), 2024-2032
4. Pakistan Rubber Tyre Historical Market: Breakup by Segment (Million Units), 2018-2023
5. Pakistan Rubber Tyre Market Forecast: Breakup by Segment (Million Units), 2024-2032
6. Pakistan Rubber Tyre Historical Market: Breakup by Market Type (Million Units), 2018-2023
7. Pakistan Rubber Tyre Market Forecast: Breakup by by Market Type (Million Units), 2024-2032
8. Pakistan Rubber Tyre Historical Market: Breakup by Design (Million Units), 2018-2023
9. Pakistan Rubber Tyre Market Forecast: Breakup by Design (Million Units), 2024-2032
10. Pakistan Rubber Tyre Historical Market: Breakup by Type (Million Units), 2018-2023
11. Pakistan Rubber Tyre Market Forecast: Breakup by Type (Million Units), 2024-2032
12. Pakistan Rubber Tyre Historical Market: Breakup by Region (Million Units), 2018-2023
13. Pakistan Rubber Tyre Market Forecast: Breakup by Region (Million Units), 2024-2032
14. Major Importing Countries by Volume
15. Major Exporting Countries by Volume
16. Major Importing Countries by Value
17. Major Exporting Countries by Value
18. Pakistan Rubber Tyre Market Structure
Key Questions Answered in the Report
In 2023, the Pakistan rubber tyre market attained a volume of nearly 29.61 million units.
The market is projected to grow at a CAGR of 8.76% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 63.05 million units by 2032.
The market is being driven by the rising ownership of vehicles owing to advanced vehicular technology and the introduction of electronic vehicles.
The market growth can be associated with the improved technology to increase the durability and lifespan of tyres, supporting government policies, and increasing investments in the industry.
The major regions in the industry in Pakistan are Sindh, Punjab, Khyber Pakhtunkhwa, and Balochistan, among others.
The major types of rubber tyres are two-wheeler and three wheeler tyres, passenger cars and light truck tyres, and heavy commercial and OTR tyres.
The major segments of rubber tyres are OEM and replacement.
The different market types of rubber tyres are legitimate market and grey market.
The various designs of rubber tyres are radial and bias.
The significant types of rubber tyres are tube tyres and tubeless tyres.
The major players in the industry are General Tyre and Rubber Co. Ltd., Panther Tyres Limited, Diamond Tyres Limited, and Ghauri Tyre and Tube Pvt. Limited, among others.
Analyst Review
The Pakistan rubber tyre market attained a volume of nearly 29.61 million units in 2023, driven by increasing vehicle ownership in Pakistan. Aided by favourable government policies, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.76%. The market is projected to reach about 63.05 million units by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of vehicle type, the market can be segmented into two-wheeler and three wheeler tyres, passenger cars and light truck tyres, and heavy commercial and OTR tyres. The market, based on segment, can be classified into OEM and replacement. Based on market type, the market can be divided into legitimate market and grey market. Based on design, the market can be categorised into radial and bias. The market, based on type, can be divided into tube tyres and tubeless tyres. The major regional markets for rubber tyre in Pakistan are Sindh, Punjab, Khyber Pakhtunkhwa, and Balochistan, among others. The key players in the above market include General Tyre and Rubber Co. Ltd., Panther Tyres Limited, Diamond Tyres Limited, and Ghauri Tyre and Tube Pvt. Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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