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Pakistan Rubber Tyre Market by Tyre (Pneumatic Rubber Tyre, Retreaded Rubber Tyre, Cushioned and Solid Rubber Tyre, and Others), Component (Tyre, Tubes, and Valves), 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

AU_184977
Pages: 164
Jul 2019 | 1327 Views
 
Author(s) : Pranav Padalkar
Tables: 40
Charts: 71
 

Pakistan Rubber Tyre Market Outlook - 2025

Pakistan rubber tyre market size was valued at $272.10 million in 2017, and is projected to reach $1,592.90 million by 2025, registering a CAGR of 24.8% from 2018 to 2025. The radial type by design segment was the highest revenue contributor in 2017, accounting for $207.7 million, and is estimated to reach $1,196.4 million by 2025, registering a CAGR of 24.6% 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 Market Outlook

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In addition, the growth of Pakistan rubber tyre 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 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 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 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 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 market share.

The Pakistan rubber tyre market is segmented based on tyre, component, design, and vehicle type. The Pakistan rubber tyre 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 market.

Pakistan Rubber Tyre Market by Vehicle type

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The key players operating in the Pakistan rubber tyre 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.

Pakistan Rubber Tyre Market Top Impacting Factors

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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 market.

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 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. 

Growth in market of retreading tyres

The retreading tyre 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 market.

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 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 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 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 market.

Key Benefits for Pakistan Rubber Tyre Market:

  • This study presents analytical depiction of Pakistan rubber tyre 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 market size is quantitatively analyzed from 2018 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 Market Segments:

By Tyre

  • Pneumatic Rubber Tyre
  • Retreaded Rubber Tyre
  • Cushioned & Solid Rubber Tyre
  • Others

By Component

  • Tyre
  • Tubes
  • Valves

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 descriptio
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 (2017)
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

CHAPTER 4:    PAKISTAN RUBBER TYRE MARKET, BY TYRE

4.1.    Overview
4.2.    Pneumatic rubber tyre

4.2.1.    Key market trends, growth factors and opportunities
4.2.2.    Market Size and Forecast

4.3.    Retreaded rubber tyre

4.3.1.    Key market trends, growth factors, and opportunities
4.3.2.    Market Size and Forecast

4.4.    Cushioned and solid rubber tyre

4.4.1.    Key market trends, growth factors, and opportunities
4.4.2.    Market Size and Forecast

4.5.    Others

4.5.1.    Key market trends, growth factors, and opportunities
4.5.2.    Market Size and Forecast

CHAPTER 5:    PAKISTAN RUBBER TYRE 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

5.4.    Valves

5.4.1.    Key market trends, growth factors, and opportunities
5.4.2.    Market Size and Forecast

CHAPTER 6:    PAKISTAN RUBBER TYRE 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 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

7.3.    Commercial vehicles

7.3.1.    Key market trends, growth factors and opportunities
7.3.2.    Market Size and Forecast

7.4.    Two wheeler

7.4.1.    Key market trends, growth factors and opportunities
7.4.2.    Market Size and Forecast

7.5.    Three wheeler

7.5.1.    Key market trends, growth factors and opportunities
7.5.2.    Market Sizer and Forecast

7.6.    Agriculture tractor

7.6.1.    Key market trends, growth factors and opportunities
7.6.2.    Market Size and Forecast

7.7.    OTR/TBR

7.7.1.    Key market trends, growth factors and opportunities
7.7.2.    Market Size and Forecast

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.    SERVIS TYRES

8.10.1.    Company overview
8.10.2.    Company snapshot
8.10.3.    Operating business segments
8.10.4.    Product portfolio
8.10.5.    Business performance


LIST OF TABLES

TABLE 01.    LOCAL PRODUCTION (2017-2025)
TABLE 02.    PAKISTAN RUBBER TYRE MARKET, BY IMPORT, 2014-2018 ($MILLION)
TABLE 03.    PAKISTAN RUBBER TYRE MARKET, BY IMPORT, 2014-2018 (UNITS)
TABLE 04.    PAKISTAN RUBBER TYRE MARKET, BY EXPORT, 2014-2018 ($MILLION)
TABLE 05.    PAKISTAN RUBBER TYRE MARKET, BY EXPORT, 2014-2018 (UNITS)
TABLE 06.    PAKISTAN RUBBER TYRE MARKET, BY TYRE, 2017-2025($MILLION)
TABLE 07.    PAKISTAN RUBBER TYRE MARKET, BY TYRE, 2017-2025 (UNITS)
TABLE 08.    PAKISTAN RUBBER TYRE MARKET, BY COMPONENT, 2017-2025($MILLION)
TABLE 09.    PAKISTAN RUBBER TYRE MARKET, BY COMPONENT, 2017-2025 (UNITS)
TABLE 10.    PAKISTAN RUBBER TYRE MARKET, BY DESIGN, 2017-2025($MILLION)
TABLE 11.    PAKISTAN RUBBER TYRE MARKET, BY DESIGN, 2017-2025 (UNITS)
TABLE 12.    PAKISTAN RUBBER TYRE MARKET, BY VEHICLE TYPE, 2017–2025 ($MILLION)
TABLE 13.    PAKISTAN RUBBER TYRE MARKET, BY VEHICLE TYPE, 2017–2025 (UNITS)
TABLE 14.    BRIDGESTONE CORPORATION.: COMPANY SNAPSHOT
TABLE 15.    BRIDGESTONE CORPORATION.: OPERATING SEGMENTS
TABLE 16.    BRIDGESTONE CORPORATION: PRODUCT PORTFOLIO
TABLE 17.    GENERAL TYRE AND RUBBER CO. LTD.: COMPANY SNAPSHOT
TABLE 18.    GENERAL TYRE AND RUBBER CO. LTD.: PRODUCT PORTFOLIO
TABLE 19.    MICHELIN: COMPANY SNAPSHOT
TABLE 20.    MICHELIN: OPERATING SEGMENTS
TABLE 21.    MICHELIN: PRODUCT PORTFOLIO
TABLE 22.    PIRELLI TYRE SPA: COMPANY SNAPSHOT
TABLE 23.    GENTHERM: PRODUCT PORTFOLIO
TABLE 24.    THE GOODYEAR TYRE & RUBBER COMPANY: COMPANY SNAPSHOT
TABLE 25.    THE GOODYEAR TYRE & RUBBER COMPANY: OPERATING SEGMENTS
TABLE 26.    THE GOODYEAR TYRE & RUBBER COMPANY: PRODUCT PORTFOLIO
TABLE 27.    SUMITOMO RUBBER INDUSTRIES, LTD..: COMPANY SNAPSHOT
TABLE 28.    SUMITOMO RUBBER INDUSTRIES, LTD..: OPERATING SEGMENTS
TABLE 29.    SUMITOMO RUBBER INDUSTRIES, LTD..: PRODUCT PORTFOLIO
TABLE 30.    THE YOKOHAMA RUBBER CO., LTD..: COMPANY SNAPSHOT
TABLE 31.    THE YOKOHAMA RUBBER CO., LTD..: OPERATING SEGMENTS
TABLE 32.    THE YOKOHAMA RUBBER CO., LTD. PRODUCT PORTFOLIO
TABLE 33.    CONTINENTAL CORPORATION: COMPANY SNAPSHOT
TABLE 34.    CONTINENTAL CORPORATION.: OPERATING SEGMENTS
TABLE 35.    CONTINENTAL CORPORATION.: PRODUCT PORTFOLIO
TABLE 36.    GHAURI TYRE & TUBE (PVT) LTD: COMPANY SNAPSHOT
TABLE 37.    GHAURI TYRE & TUBE (PVT) LTD: PRODUCT PORTFOLIO
TABLE 38.    SERVIS TYRES: COMPANY SNAPSHOT
TABLE 39.    SERVIS TYRES :OPERATING SEGMENTS
TABLE 40.    TS TECH CO., LTD.: 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 (2017)
FIGURE 14.    RUBBER VS BUTYL (2018)
FIGURE 15.    PAKISTAN RUBBER TYRE MARKET SHARE, BY TYRE, 2017–2025 (%)
FIGURE 16.    PAKISTAN PNEUMATIC RUBBER TYRE MARKET SIZE, 2017 TO 2025 ($MILLION)
FIGURE 17.    PAKISTAN PNEUMATIC RUBBER TYRE MARKET, 2017 TO 2025 (UNITS)
FIGURE 18.    PAKISTAN RETREADED RUBBER TYRE MARKET, 2017 TO 2025 ($MILLION)
FIGURE 19.    PAKISTAN RETREADED RUBBER TYRE MARKET, 2017 TO 2025 (UNITS)
FIGURE 20.    PAKISTAN CUSHIONED AND SOLID RUBBER TYRE MARKET, 2017 TO 2025 ($MILLION)
FIGURE 21.    PAKISTAN CUSHIONED AND SOLID RUBBER TYRE MARKET, 2017 TO 2025 (UNITS)
FIGURE 22.    PAKISTAN RUBBER TYRE FOR OTHERS, 2017 TO 2025 ($MILLION)
FIGURE 23.    PAKISTAN RUBBER TYRE FOR OTHERS, 2017 TO 2025 (UNITS)
FIGURE 24.    PAKISTAN RUBBER TYRE MARKET SHARE, BY COMPONENT, 2017–2025 (%)
FIGURE 25.    PAKISTAN RUBBER TYRE MARKET FOR TYRE, 2017 TO 2025 ($MILLION)
FIGURE 26.    PAKISTAN RUBBER TYRE MARKET FOR TYRE, 2017 TO 2025 (UNITS)
FIGURE 27.    PAKISTAN RUBBER TYRE MARKET FOR TUBES, 2017 TO 2025 ($MILLION)
FIGURE 28.    PAKISTAN RUBBER TYRE MARKET FOR TUBES, 2017 TO 2025 (UNITS)
FIGURE 29.    PAKISTAN RUBBER TYRE MARKET FOR VALVES, 2017 TO 2025 ($MILLION)
FIGURE 30.    PAKISTAN RUBBER TYRE MARKET FOR VALVES, 2017 TO 2025 (UNITS)
FIGURE 31.    PAKISTAN RUBBER TYRE MARKET SHARE, BY DESIGN, 2017–2025 (%)
FIGURE 32.    PAKISTAN RUBBER TYRE MARKET FOR RADIAL TYRE, 2017 TO 2025 ($MILLION)
FIGURE 33.    PAKISTAN RUBBER TYRE MARKET FOR RADIAL TYRE, 2017 TO 2025 (UNITS)
FIGURE 34.    PAKISTAN RUBBER TYRE MARKET FOR BIAS TYRE, 2017 TO 2025 ($MILLION)
FIGURE 35.    PAKISTAN RUBBER TYRE MARKET FOR BIAS TYRE, 2017 TO 2025 (UNITS)
FIGURE 36.    PAKISTAN RUBBER TYRE MARKET SHARE, BY VEHICLE TYPE, 2017–2025 (%)
FIGURE 37.    PAKISTAN RUBBER TYRE MARKET FOR PASSENGER CAR, 2017 TO 2025 ($MILLION)
FIGURE 38.    PAKISTAN RUBBER TYRE MARKET FOR PASSENGER CAR, 2017 TO 2025 (UNITS)
FIGURE 39.    PAKISTAN RUBBER TYRE MARKET FOR COMMERCIAL VEHICLES, 2017 TO 2025 ($MILLION)
FIGURE 40.    PAKISTAN RUBBER TYRE MARKET FOR COMMERCIAL VEHICLES, 2017 TO 2025 (UNITS)
FIGURE 41.    PAKISTAN RUBBER TYRE MARKET FOR TWO WHEELER , 2017 TO 2025 ($MILLION)
FIGURE 42.    PAKISTAN RUBBER TYRE MARKET FOR TWO WHEELER , 2017 TO 2025 (UNITS)
FIGURE 43.    PAKISTAN RUBBER TYRE MARKET FOR THREE WHEELER , 2017 TO 2025 ($MILLION)
FIGURE 44.    PAKISTAN RUBBER TYRE MARKET FOR THREE WHEELER , 2017 TO 2025 (UNITS)
FIGURE 45.    PAKISTAN RUBBER TYRE MARKET FOR AGRICULTURE TRACTOR, 2017 TO 2025 ($MILLION)
FIGURE 46.    PAKISTAN RUBBER TYRE MARKET FOR AGRICULTURE TRACTOR, 2017 TO 2025 (UNITS)
FIGURE 47.    PAKISTAN RUBBER TYRE MARKET FOR OTR/TBR, 2017 TO 2025 ($MILLION)
FIGURE 48.    PAKISTAN RUBBER TYRE MARKET FOR OTR/TBR, 2017 TO 2025 (UNITS)
FIGURE 49.    BRIDGESTONE CORPORATION: REVENUE, 2015–2017 ($MILLION)
FIGURE 50.    BRIDGESTONE CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 51.    BRIDGESTONE CORPORATION: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 52.    GENERAL TYRE AND RUBBER CO. LTD : REVENUE, 2016–2018 ($MILLION)
FIGURE 53.    MICHELIN: REVENUE, 2016–2018 ($MILLION)
FIGURE 54.    MICHELIN: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 55.    MICHELIN: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56.    PIRELLI TYRE SPA: NET SALES, 2016–2018 ($MILLION)
FIGURE 57.    PIRELLI TYRE SPA: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 58.    THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 59.    THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60.    THE GOODYEAR TYRE & RUBBER COMPANY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61.    SUMITOMO RUBBER INDUSTRIES, LTD..: NET SALES, 2016–2018 ($MILLION)
FIGURE 62.    SUMITOMO RUBBER INDUSTRIES, LTD..: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 63.    SUMITOMO RUBBER INDUSTRIES, LTD..: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 64.    THE YOKOHAMA RUBBER CO., LTD. REVENUE, 2015–2017 ($MILLION)
FIGURE 65.    THE YOKOHAMA RUBBER CO., LTD. REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 66.    THE YOKOHAMA RUBBER CO., LTD..: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 67.    CONTINENTAL CORPORATION.: REVENUE, 2016–2018 ($MILLION)
FIGURE 68.    CONTINENTAL CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 69.    CONTINENTAL CORPORATION REVENUE SHARE BY REGION, 2017 (%)
FIGURE 70.    SERVIS TYRES.: REVENUE, 2015–2017 ($MILLION)
FIGURE 71.    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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