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Pakistan Rubber Tyre and Tube Market by Channel (OEM and Aftermarket), Component (Tyre, and Tubes), Design (Radial and Bias), and Vehicle Type (Passenger Car, Commercial Vehicles, Two Wheeler, Three Wheeler, Agriculture Tractor, and OTR/TBR)): Opportunity Analysis and Industry Forecast, 2018–2025

A05877
Pages: 177
Dec 2019 | 1296 Views
 
Author(s) : Pranav Padalkar , Supradip Baul
Tables: 86
Charts: 62
 

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Pakistan Rubber Tyre and Tube Market Outlook: 2025

Pakistan rubber tyre and tube market size was valued at $762.7 million in 2017, and is projected to reach $2.77 billion by 2025, registering a CAGR of 17.4% from 2018 to 2025. The radial type by design segment was the highest revenue contributor in 2017, accounting for $595.8 million, and is estimated to reach $2.11 billion by 2025, registering a CAGR of 17.1% during the forecast period. 

A tyre is a component fitted around the rim of a wheel to transfer the load of a vehicle from the axle to the ground. Rubber tyre consists of tread, jointless cap piles, beads, and other materials, which include synthetic rubber, carbon black, and fabric. The major function of the tyre is to protect the wheel rim and offer tractive force between the road surface and the vehicle. Since, it is manufactured from rubber, it also provides a flexible cushion, thereby reducing the impact of the vibrations and absorbing the shock of the vehicle. There is an exponential increase in the demand for tyre due to the rise in vehicle production in Pakistan to cater the increase in requirement of vehicles across all segments. Thus, the tyre demand is ultimately governed by automobile production. 

Pakistan Rubber Tyre and Tube Market

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In addition, the growth of Pakistan rubber tyre and tube market is driven due to the intense competition between tyre manufacturers to produce sustainable, durable in quality, and also due to the production of low cost tyres to meet the demand for tyre are the factors anticipated to lead the growth of Pakistan rubber tyre and tube market. In addition, the adoption of advanced technology in the manufacturing process of tyre to offer high product differentiation to the consumer leads to a high level of performance and durability, which is also expected to drive the growth of the rubber tyre market in Pakistan. Furthermore, the rise in trend of using nitrogen gas in car tyre in Pakistan and an increase in the lifespan of vehicles are the factors expected to project the aftermarket growth of the rubber tyre market in Pakistan. Pakistan rubber tyre and tube market share is rising due to increasing production of all type vehicles in this region.

However, the developments in the market of retreading tyre in which worn tyres are replaced by tread are expected to limit the growth of new tyre market. The cost of raw material required for this process is lesser than manufacturing new tyre. Therefore, a rise in services in Pakistan related to retreading process is expected to restrain the Pakistan rubber tyre and tube market growth. However, the fluctuating prices of raw materials such as natural rubber and reinforcing materials hinder the growth of the tyre market in Pakistan. Pakistan rubber tyre and tube market trends are decided on the basis of forecast from 2018 to 2025 and the driving factors that are affecting to their growth.

Furthermore, improvements in economy that result in favorable conditions for the manufacturing sector and anticipated rise in automotive sector create an opportunity for the expansion of the rubber tyre market in Pakistan. Such factors along with the governments supports and latest innovation in rubber industry is helping to rise the Pakistan rubber tyre and tube market share.

The Pakistan rubber tyre and tube market is segmented based on tyre, component, design, and vehicle type. The Pakistan rubber tyre and tube market forecasted on the basis of year on year growth from 2018 to 2025 by considering the driving and restraining factors. One of the major factors that is driving the growth of the market includes increase in sales of passenger and electric vehicles and rapid economic improvement. Furthermore, automotive manufacturers are shifting their focus to reduce the overall vehicle weight with the use of advanced tyre material; thus driving the growth of the Pakistan rubber tyre and tube market.

Pakistan Rubber Tyre and Tube Market
By Channel Type

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OEM by channel type segment is projected as the most lucrative segments

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The key players operating in the Pakistan rubber tyre and tube market include General Tyre and Rubber Co. Ltd., Servis Tyre, the Goodyear Tyre & Rubber Company, Bridgestone group, Pirelli Tyre S.p.A, Michelin, Ghauri Tyre & Tube Ltd., Continental Corporation, Sumitomo Rubber Industries Ltd., and Yokohama Rubber Co., Ltd. Also some local manufacturers such as panther tyres limited, Crown Tyres limited , CECO tyres, HAQ tyres & rubber industries and others.

Rise in competition among tyre manufacturers

Pakistan automotive sector is experiencing exponential growth due to a rise in the demand for automobiles and use of collaborative & consolidation manufacturing in tyre business. This in turn boosts the growth of the automotive tyres, as tyres are one of the basic components of the vehicle. Thus, the rubber tyre manufacturers in Pakistan are witnessing strong competition to capture a larger market share. For instance, South Korea’s second largest tyre manufacturer Kumho Tyre has sealed a deal with a Pakistani company—Century Engineering Industries—to transfer its tyre making technology for the next 10 years due to rise in intense competition in the rubber tyre market. Also, this factor is responsible for swift changes in the tyre market that makes it more dynamic. Original tyres are installed by vehicle manufacturers at the factory, which is recognized as a primary division of the tyre market, whereas the replacement aftermarket is another division market. Thus, tyre manufacturers are engaged in producing sustainable and high durable tyres with a high level of performance to attract more vehicle manufacturers. Therefore, there is a rise in competition among tyre manufacturers in Pakistan. This in turn fosters the growth of Pakistan rubber tyre and tube market.

Pakistan Rubber Tyre and Tube Market
By Vehicle Type

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Two wheeler by vehicle type segment is projected as the most lucrative segments

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Increase in total vehicle production in Pakistan

In the recent years, consumers have shifted their interest to automotive vehicles, as these vehicles facilitate luxury features such as advance driving assistance system (ADAS), and others that are technologically advanced as against traditional vehicles. In addition, there is a rise in number of electric vehicles in Pakistan due to favorable government policies. This creates a demand for the production of different variant of electric vehicle. For instance, there is an increase of 15-18% from 2014 to 2017 in the overall production of vehicles in Pakistan. The implementation of advanced technologies in production helps boost the growth for Pakistan rubber tyre and tube market. All such factors are creating awareness in Pakistan. Also, the easy availability, affordability and company expansions in this region are important factors that create a huge demand for the rubber tyre industry in Pakistan. 

Pakistan Rubber Tyre and Tube Market
By Design Type

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Radial by design type segment is projected as the most lucrative segments

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Growth in market of retreading tyres

The retreading tyre Pakistan rubber tyre and tube market is witnessing huge investments from manufacturers. This fosters the growth of the market. Retreading is the process that replaces the tread on worn tyres. It helps save tyre and material cost to a huge extent, when compared to manufacturing a new one. Retreading directly reduces the aftermarket cost of the OEMs. Factors such as existence of cheaper tyre brands and discomfort of roads are responsible for the growth of the retreading tyre market. Thus, the retreading tyre market poses as a serious threat to the Pakistan rubber tyre and tube market.

Pakistan Rubber Tyre and Tube Market
By Component Type

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Tyre by design type segment is projected as the most lucrative segments

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Volatile prices of raw materials

The materials used to manufacture rubber tyres are tread, jointless cap plies, steel-cord for belt plies, textile cord ply, Bead reinforcement, apex, and core. Also, it consists of synthetic rubber, natural rubber, steel wire, and carbon black along with the petrochemical reinforcing materials such as polyester, fabric, nylon, steel, and rayon. The pricing of these raw materials plays a vital role in deciding the overall price of the tyre. Prices of these metals fluctuate occasionally due to global economic ups and downs in the market, as these are traded on a community exchange basis. Inflation and increase in the demand for these raw materials fuel their prices in the recent past. Domestic players that are currently operating in Pakistan Rubber Tyre and tube market are satisfying only 20% demand for tyre and for their expansion they require a large amount of raw materials. In addition, the rise in price of such raw materials hinder the market growth for local players. Uncertainty in the pricing of these raw materials along with the high dominance of smuggled tyre proves to be a major restraint for the Pakistan rubber tyre and tube market growth.

Improving economy that results in favorable conditions for the manufacturing sector

Due to the rapid enhancement of technology, most of the manufacturing companies are adopting automation to increase the productivity and profitability. To increase safety concerns governments are coming up with stringent tyre performance regulation including fuel saving and wet grip-related braking distance reduction. Thus, creating ample growth opportunities for tyre manufacturing companies to launch tyres that can address the government regulations. Therefore, with increase in technological advancements, vendors are coming up with high efficient tyres that enhance the overall fuel efficiency of vehicles. Kumho tyres launched pneumatic tyres “Ecsta PA31” that can offer high performance in the vehicles such as sport sedans and coupes. These steps from giant player will helps to boost the Pakistan rubber tyre and tube market opportunity in future.

This results in speedy industrialization and urbanization. Furthermore, this company has sealed a deal with a Pakistani company—Century Engineering Industries to transfer its tyre making technology. This influences the sales of passenger cars, which may provide opportunities to the rubber tyre market in Pakistan.

Anticipated rise in the automobile sector

There is rapid change in the world automotive environment due to globalization. This results in a rapid rise in the demand for vehicles across all segments in all the countries. Thus, there is a global expansion of the automobile sector, which leads to an anticipated speedy growth of the automobile sector. The auto industry of Pakistan eventually plans to shift to electric vehicles to keep the environment clean, and safe. For instance, CNEVROVER brand has imported 4 Units in CBU condition of Chinese battery-operated cars in Karachi and more units are on the way to Pakistan, which are currently for R&D and testing phase. Also, they are planning to build an assembly plant in Karachi for the manufacturing and assembling of Cnevrover electric cars. This factor directly creates opportunities for the growth of the Pakistan rubber tyre and tube market.

Key Benefits for Pakistan Rubber Tyre and Tube Market:

  • This study presents analytical depiction of Pakistan rubber tyre and tube market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current Pakistan rubber tyre and tube market size is quantitatively analyzed from 2017 to 2025 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the Pakistan rubber tyre industry.

Pakistan Rubber Tyre and Tube Market Segments:

By Channel

  • OEM
  • Aftermarket

By Component

  • Tyre
  • Tubes

By Vehicle Type

  • Passenger Car
  • Commercial Vehicles
  • Two-wheeler
  • Three-wheeler
  • Agriculture Tractor
  • OTR/TBR 

By Design

  • Radial Tyre
  • Bias Tyre
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Key market segments
1.5.    Research methodology

1.5.1.    Primary research
1.5.2.    Secondary research
1.5.3.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top impacting factors
3.2.2.    Top investment pockets
3.2.3.    Top winning strategies

3.3.    Porter’s five forces analysis
3.4.    Market share analysis (2018)
3.5.    Market dynamics

3.5.1.    Drivers

3.5.1.1.    Rise in competition among tyre manufacturers
3.5.1.2.    Increase in total vehicle production in Pakistan

3.5.2.    Restraint

3.5.2.1.    Growth in market of retreading tyres
3.5.2.2.    Volatile prices of raw materials

3.5.3.    Opportunities

3.5.3.1.    Improving economy that results in favorable conditions for the manufacturing sector
3.5.3.2.    Anticipated rise in the automobile sector

3.6.    Consumption of rubber/ Butyl
3.7.    Local VS Import/Export (Units).

3.7.1.    Local production (2017-2025)
3.7.2.    Trade balance

3.7.2.1.    Import

3.7.2.1.1.    Import (2014-2018)

3.7.2.2.    Export

3.7.2.2.1.    Export (2014-2018)
3.7.2.2.2.    Export Prices

3.8.    Valves

3.8.1.    Key market trends, growth factors, and opportunities
3.8.2.    Market Size and Forecast

CHAPTER 4:    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY CHANNEL

4.1.    OEM

4.1.1.    Pakistan OEM rubber tyre market
4.1.2.    Pakistan OEM rubber tube market

4.2.    Aftermarket

4.2.1.    Pakistan rubber tyre replacement market
4.2.2.    Pakistan Aftermarket rubber tyre retreading market
4.2.3.    Pakistan rubber tube replacement market

CHAPTER 5:    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY COMPONENT

5.1.    Overview
5.2.    Tyre

5.2.1.    Key market trends, growth factors and opportunities
5.2.2.    Market Size and Forecast

5.3.    Tubes

5.3.1.    Key market trends, growth factors, and opportunities
5.3.2.    Market Size and Forecast

CHAPTER 6:    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY DESIGN

6.1.    Overview
6.2.    Radial tyre

6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market Size and Forecast

6.3.    Bias tyre

6.3.1.    Key market trends, growth factors, and opportunities
6.3.2.    Market Size and Forecast

CHAPTER 7:    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY VEHICLE TYPE

7.1.    Overview
7.2.    Passenger car

7.2.1.    Key market trends, growth factors and opportunities
7.2.2.    Market Size and Forecast
7.2.3.    Passenger car OEM market
7.2.4.    Passenger car Aftermarket

7.3.    Commercial vehicles

7.3.1.    Key market trends, growth factors and opportunities
7.3.2.    Market Size and Forecast
7.3.3.    Commercial Vehicle OEM market
7.3.4.    Commercial Vehicle Aftermarket

7.4.    Two wheeler

7.4.1.    Key market trends, growth factors and opportunities
7.4.2.    Market Size and Forecast
7.4.3.    Two wheeler OEM market
7.4.4.    Two Wheeler by Aftermarket

7.5.    Three wheeler

7.5.1.    Key market trends, growth factors and opportunities
7.5.2.    Market Sizer and Forecast
7.5.3.    Three wheeler by OEM
7.5.4.    Three Wheeler by Aftermarket

7.6.    Agriculture tractor

7.6.1.    Key market trends, growth factors and opportunities
7.6.2.    Market Size and Forecast
7.6.3.    Agriculture Tractor OEM market
7.6.4.    Agriculture Tractor Aftermarket

7.7.    OTR/TBR

7.7.1.    Key market trends, growth factors and opportunities
7.7.2.    Market Size and Forecast
7.7.3.    OTR/TBR OEM market
7.7.4.    OTR/TBR Aftermarket

CHAPTER 8:    COMPANY PROFILES

8.1.    BRIDGESTONE GROUP

8.1.1.    Company overview
8.1.2.    Company snapshot
8.1.3.    Operating business segments
8.1.4.    Product portfolio
8.1.5.    Business performance
8.1.6.    Key strategic moves and developments

8.2.    GENERAL TYRE AND RUBBER CO. LTD

8.2.1.    Company overview
8.2.2.    Company snapshot
8.2.3.    Product portfolio
8.2.4.    Business performance
8.2.5.    Key strategic moves and developments

8.3.    MICHELIN

8.3.1.    Company overview
8.3.2.    Company snapshot
8.3.3.    Operating business segments
8.3.4.    Product portfolio
8.3.5.    Business performance
8.3.6.    Key strategic moves and developments

8.4.    PIRELLI TYRE S.P.A.

8.4.1.    Company overview
8.4.2.    Company snapshot
8.4.3.    Product portfolio
8.4.4.    Business performance
8.4.5.    Key strategic moves and developments

8.5.    THE GOODYEAR TYRE & RUBBER COMPANY

8.5.1.    Company overview
8.5.2.    Company snapshot
8.5.3.    Operating business segments
8.5.4.    Product portfolio
8.5.5.    Business performance
8.5.6.    Key strategic moves and developments

8.6.    SUMITOMO RUBBER INDUSTRIES LTD.

8.6.1.    Company overview
8.6.2.    Company snapshot
8.6.3.    Operating business segments
8.6.4.    Product portfolio
8.6.5.    Business performance
8.6.6.    Key strategic moves and developments

8.7.    THE YOKOHAMA RUBBER CO., LTD.

8.7.1.    Company overview
8.7.2.    Company snapshot
8.7.3.    Operating business segments
8.7.4.    Product portfolio
8.7.5.    Business performance
8.7.6.    Key strategic moves and developments

8.8.    CONTINENTAL CORPORATION

8.8.1.    Company overview
8.8.2.    Company snapshot
8.8.3.    Operating business segments
8.8.4.    Product portfolio
8.8.5.    Business performance

8.9.    GHAURI TYRE & TUBE (PVT) LTD.

8.9.1.    Company overview
8.9.2.    Company snapshot
8.9.3.    Product portfolio

8.10.    DIAMOND TYRES LTD

8.10.1.    Company overview
8.10.2.    Company snapshot
8.10.3.    Product portfolio

8.11.    SERVIS TYRES

8.11.1.    Company overview
8.11.2.    Company snapshot
8.11.3.    Operating business segments
8.11.4.    Product portfolio
8.11.5.    Business performance

8.12.    PANTHER TYRES LIMITED

8.12.1.    Company overview
8.12.2.    Company snapshot
8.12.3.    Operating business segments
8.12.4.    Product portfolio
8.12.5.    Key strategic moves and developments

8.13.    CROWN TYRES LIMITED

8.13.1.    Company overview
8.13.2.    Company snapshot
8.13.3.    Operating business segments
8.13.4.    Product portfolio

8.14.    CECO TYRE

8.14.1.    Company overview
8.14.2.    Company snapshot
8.14.3.    Operating business segments
8.14.4.    Product portfolio

8.15.    HAQ TYRES & RUBBER INDUSTRIES

8.15.1.    Company overview
8.15.2.    Company snapshot
8.15.3.    Operating business segments
8.15.4.    Product portfolio

LIST OF TABLES

TABLE 01.    LOCAL PRODUCTION (2017-2025)
TABLE 02.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY IMPORT, 2014-2018 ($MILLION)
TABLE 03.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY IMPORT, 2014-2018 (UNITS)
TABLE 04.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY EXPORT, 2014-2018 ($MILLION)
TABLE 05.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY EXPORT, 2014-2018 (UNITS)
TABLE 06.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY CHANNEL, 2017-2025 ($MILLION)
TABLE 07.    PAKISTAN OEM RUBBER TYRE AND TUBE MARKET, 2017-2025 ($MILLION)
TABLE 08.    PAKISTAN OEM RUBBER TYRE MARKET, 2017-2025 ($MILLION)
TABLE 09.    PAKISTAN OEM RUBBER TYRE MARKET, 2017-2025 (UNITS)
TABLE 10.    PAKISTAN OEM RUBBER TUBE MARKET, 2017-2025 ($MILLION)
TABLE 11.    PAKISTAN OEM RUBBER TUBE MARKET, 2017-2025 (UNITS)
TABLE 12.    PAKISTAN RUBBER TYRE AND TUBE AFTERMARKET, 2017-2025 ($MILLION)
TABLE 13.    PAKISTAN RUBBER TYRE REPLACEMENT MARKET, 2017-2025 ($MILLION)
TABLE 14.    PAKISTAN RUBBER TYRE REPLACEMENT MARKET, 2017-2025 (UNITS)
TABLE 15.    PAKISTAN RUBBER TYRE RETREADING MARKET, 2017-2025 ($MILLION)
TABLE 16.    PAKISTAN RUBBER TYRE RETREADING MARKET, 2017-2025 (UNITS)
TABLE 17.    PAKISTAN RUBBER TUBE REPLACEMENT MARKET, 2017-2025 ($MILLION)
TABLE 18.    PAKISTAN RUBBER TUBE REPLACEMENT MARKET, 2017-2025 (UNITS)
TABLE 19.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY COMPONENT, 2017-2025($MILLION)
TABLE 20.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY COMPONENT, 2017-2025 (UNITS)
TABLE 21.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY DESIGN, 2017-2025($MILLION)
TABLE 22.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY DESIGN, 2017-2025 (UNITS)
TABLE 23.    PAKISTAN RUBBER TYRE AND TUBE MARKET, BY VEHICLE TYPE, 2017–2025 ($MILLION)
TABLE 24.    PAKISTAN PASSENGER CAR OEM RUBBER TYRE MARKET, 2017–2025 ($MILLION)
TABLE 25.    PAKISTAN PASSENGER CAR RUBBER TYRE AFTERMARKET,2017–2025 ($MILLION)
TABLE 26.    PAKISTAN COMMERCIAL VEHICLE OEM RUBBER TYRE MARKET,2017–2025 ($MILLION)
TABLE 27.    PAKISTAN COMMERCIAL VEHICLE RUBBER TYRE AFTERMARKET, 2017–2025 ($MILLION)
TABLE 28.    PAKISTAN TWO WHEELER OEM RUBBER TYRE MARKET, 2017–2025 ($MILLION)
TABLE 29.    PAKISTAN TWO WHEELER RUBBER TYRE AFTERMARKET, 2017–2025 ($MILLION)
TABLE 30.    PAKISTAN THREE WHEELER OEM RUBBER TYRE MARKET, 2017–2025 ($MILLION)
TABLE 31.    PAKISTAN THREE WHEELER RUBBER TYRE AFTERMARKET, 2017–2025 (UNITS)
TABLE 32.    PAKISTAN AGRICULTURE TRACTOR OEM RUBBER TYRE MARKET,2017–2025 ($MILLION)
TABLE 33.    PAKISTAN AGRICULTURE TRACTOR RUBBER TYRE AFTERMARKET, 2017–2025 (UNITS)
TABLE 34.    PAKISTAN OTR/TBR OEM RUBBER TYRE MARKET, 2017–2025 ($MILLION)
TABLE 35.    PAKISTAN OTR/TBR RUBBER TYRE AFTERMARKET, 2017–2025 ($MILLION)
TABLE 36.    BRIDGESTONE CORPORATION.: COMPANY SNAPSHOT
TABLE 37.    BRIDGESTONE CORPORATION.: OPERATING SEGMENTS
TABLE 38.    BRIDGESTONE CORPORATION: PRODUCT PORTFOLIO
TABLE 39.    GENERAL TYRE AND RUBBER CO. LTD.: COMPANY SNAPSHOT
TABLE 40.    GENERAL TYRE AND RUBBER CO. LTD.: PRODUCT PORTFOLIO
TABLE 41.    MICHELIN: COMPANY SNAPSHOT
TABLE 42.    MICHELIN: OPERATING SEGMENTS
TABLE 43.    MICHELIN: PRODUCT PORTFOLIO
TABLE 44.    PIRELLI TYRE SPA: COMPANY SNAPSHOT
TABLE 45.    GENTHERM: PRODUCT PORTFOLIO
TABLE 46.    THE GOODYEAR TYRE & RUBBER COMPANY: COMPANY SNAPSHOT
TABLE 47.    THE GOODYEAR TYRE & RUBBER COMPANY: OPERATING SEGMENTS
TABLE 48.    THE GOODYEAR TYRE & RUBBER COMPANY: PRODUCT PORTFOLIO
TABLE 49.    SUMITOMO RUBBER INDUSTRIES, LTD..: COMPANY SNAPSHOT
TABLE 50.    SUMITOMO RUBBER INDUSTRIES, LTD..: OPERATING SEGMENTS
TABLE 51.    SUMITOMO RUBBER INDUSTRIES, LTD..: PRODUCT PORTFOLIO
TABLE 52.    THE YOKOHAMA RUBBER CO., LTD..: COMPANY SNAPSHOT
TABLE 53.    THE YOKOHAMA RUBBER CO., LTD..: OPERATING SEGMENTS
TABLE 54.    THE YOKOHAMA RUBBER CO., LTD. PRODUCT PORTFOLIO
TABLE 55.    CONTINENTAL CORPORATION: COMPANY SNAPSHOT
TABLE 56.    CONTINENTAL CORPORATION.: OPERATING SEGMENTS
TABLE 57.    CONTINENTAL CORPORATION.: PRODUCT PORTFOLIO
TABLE 58.    GHAURI TYRE & TUBE (PVT) LTD: COMPANY SNAPSHOT
TABLE 59.    GHAURI TYRE & TUBE (PVT) LTD: PRODUCT PORTFOLIO
TABLE 60.    DIAMOND TYRE LTD: COMPANY SNAPSHOT
TABLE 61.    DIAMOND TYRE LTD : PRODUCT PORTFOLIO
TABLE 62.    SERVIS TYRES: COMPANY SNAPSHOT
TABLE 63.    SERVIS TYRES :OPERATING SEGMENTS
TABLE 64.    SERVIS GROUP.: PRODUCT PORTFOLIO
TABLE 65.    PANTHER TYRES LIMITED: COMPANY SNAPSHOT
TABLE 66.    PANTHER TYRES LIMITED:OPERATING SEGMENTS
TABLE 67.    PANTHER TYRES LIMITED.: PRODUCT PORTFOLIO
TABLE 68.    CROWN TYRES LIMITED: COMPANY SNAPSHOT
TABLE 69.    CROWN TYRES LIMITED:OPERATING SEGMENTS
TABLE 70.    CROWN TYRES LIMITED.: PRODUCT PORTFOLIO
TABLE 71.    CECO TYRE: COMPANY SNAPSHOT
TABLE 72.    CECO TYRE:OPERATING SEGMENTS
TABLE 73.    CECO TYRE: PRODUCT PORTFOLIO
TABLE 74.    HAQ TYRES AND RUBBER INDUSTRIES: COMPANY SNAPSHOT
TABLE 75.    HAQ TYRES AND RUBBER INDUSTRIES:OPERATING SEGMENTS
TABLE 76.    HAQ TYRES AND RUBBER INDUSTRIES: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.    KEY MARKET SENGMENT
FIGURE 02.    EXECUTIVE SUMMARY
FIGURE 03.    TOP IMPACTING FACTORS
FIGURE 04.    TOP INVESTMENT POCKETS
FIGURE 05.    TOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 06.    TOP WINNING STRATEGIES, BY YEAR, 2015–2019*
FIGURE 07.    TOP WINNING STRATEGIES, BY COMPANY, 2015–2019*
FIGURE 08.    MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.    HIGHER THREAT OF NEW ENTRANTS
FIGURE 10.    MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 11.    HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 12.    MODERATE -TO-LOW BARGAINING POWER OF BUYERS
FIGURE 13.    MARKET SHARE ANALYSIS (2018)
FIGURE 14.    RUBBER VS BUTYL (2018)
FIGURE 15.    PAKISTAN RUBBER VALVE MARKET, 2017 TO 2025 ($MILLION)
FIGURE 16.    PAKISTAN RUBBER VALVE MARKET, 2017 TO 2025 (UNITS)
FIGURE 17.    PAKISTAN RUBBER TYRE AND TUBE MARKET SHARE, BY COMPONENT, 2017–2025 (%)
FIGURE 18.    PAKISTAN RUBBER TYRE MARKET, 2017 TO 2025 ($MILLION)
FIGURE 19.    PAKISTAN RUBBER TYRE MARKET, 2017 TO 2025 (UNITS)
FIGURE 20.    PAKISTAN RUBBER TUBE MARKET, 2017 TO 2025 ($MILLION)
FIGURE 21.    PAKISTAN RUBBER TUBE MARKET, 2017 TO 2025 (UNITS)
FIGURE 22.    PAKISTAN RUBBER TYRE AND TUBE MARKET SHARE, BY DESIGN, 2017–2025 (%)
FIGURE 23.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR RADIAL TYRE, 2017 TO 2025 ($MILLION)
FIGURE 24.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR RADIAL TYRE, 2017 TO 2025 (UNITS)
FIGURE 25.    PAKISTAN RUBBER TYRE MARKET FOR BIAS TYRE, 2017 TO 2025 ($MILLION)
FIGURE 26.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR BIAS TYRE, 2017 TO 2025 (UNITS)
FIGURE 27.    PAKISTAN RUBBER TYRE AND TUBE MARKET SHARE, BY VEHICLE TYPE, 2017–2025 (%)
FIGURE 28.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR PASSENGER CAR, 2017 TO 2025 ($MILLION)
FIGURE 29.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR PASSENGER CAR, 2017 TO 2025 (UNITS)
FIGURE 30.    PAKISTAN RUBBER TYRE AND TUBEMARKET FOR COMMERCIAL VEHICLES, 2017 TO 2025 ($MILLION)
FIGURE 31.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR COMMERCIAL VEHICLES, 2017 TO 2025 (UNITS)
FIGURE 32.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR TWO WHEELER , 2017 TO 2025 ($MILLION)
FIGURE 33.    PAKISTAN RUBBER TYRE AND TUBE  MARKET FOR TWO WHEELER , 2017 TO 2025 (UNITS)
FIGURE 34.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR THREE WHEELER , 2017 TO 2025 ($MILLION)
FIGURE 35.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR THREE WHEELER , 2017 TO 2025 (UNITS)
FIGURE 36.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR AGRICULTURE TRACTOR, 2017 TO 2025 ($MILLION)
FIGURE 37.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR AGRICULTURE TRACTOR, 2017 TO 2025 (UNITS)
FIGURE 38.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR OTR/TBR, 2017 TO 2025 ($MILLION)
FIGURE 39.    PAKISTAN RUBBER TYRE AND TUBE MARKET FOR OTR/TBR, 2017 TO 2025 (UNITS)
FIGURE 40.    BRIDGESTONE CORPORATION: REVENUE, 2015–2017 ($MILLION)
FIGURE 41.    BRIDGESTONE CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 42.    BRIDGESTONE CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 43.    GENERAL TYRE AND RUBBER CO. LTD : REVENUE, 2016–2018 ($MILLION)
FIGURE 44.    MICHELIN: REVENUE, 2016–2018 ($MILLION)
FIGURE 45.    MICHELIN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 46.    MICHELIN: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 47.    PIRELLI TYRE SPA: NET SALES, 2016–2018 ($MILLION)
FIGURE 48.    PIRELLI TYRE SPA: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 49.    THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 50.    THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 51.    THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 52.    SUMITOMO RUBBER INDUSTRIES, LTD..: NET SALES, 2016–2018 ($MILLION)
FIGURE 53.    SUMITOMO RUBBER INDUSTRIES, LTD..: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54.    SUMITOMO RUBBER INDUSTRIES, LTD..: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55.    THE YOKOHAMA RUBBER CO., LTD. REVENUE, 2015–2017 ($MILLION)
FIGURE 56.    THE YOKOHAMA RUBBER CO., LTD. REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57.    THE YOKOHAMA RUBBER CO., LTD..: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58.    CONTINENTAL CORPORATION.: REVENUE, 2016–2018 ($MILLION)
FIGURE 59.    CONTINENTAL CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60.    CONTINENTAL CORPORATION REVENUE SHARE BY REGION, 2017 (%)
FIGURE 61.    SERVIS TYRES.: REVENUE, 2015–2017 ($MILLION)
FIGURE 62.    SERVIS TYRES : REVENUE SHARE BY SEGMENT, 2017 (%)

 
 

A rubber tyre is a component fitted around the rim of a wheel to transfer the load of a vehicle from the axle to the ground. Majority of the tyre are pneumatically inflated that offers a flexible cushion with shock absorption when the tyre travels over a rough surface. Furthermore, there is an exponential increase in the demand for tyre due to the rise in vehicle production in Pakistan to cater the increase in requirement of vehicles across all segments. Thus, the tyre demand is ultimately governed by automobile production. 

The growth of Pakistan rubber tyre is driven by rise in intensive competition between tyre manufacturers to produce sustainable, durable, and low cost tyres to meet the demand for tyre. Moreover, the adoption of advanced technology in the manufacturing process of tyre to offer high product differentiation to the consumer leads to a high level of performance and durability, which is also expected to drive the growth of the rubber tyre market in Pakistan. Furthermore, the rise in trend of using nitrogen gas in car tyre in Pakistan and an increase in the lifespan of vehicles are the factors expected to project the aftermarket growth of the rubber tyre market in Pakistan. 

Growth in market of retreading tyres and volatile prices of raw materials are the key factors that limit the growth of the market. Furthermore, improvements in economy that result in favorable conditions for the manufacturing sector and anticipated rise in automotive sector create an opportunity for the expansion of the rubber tyre market in Pakistan.

 

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