Pakistan Tyre (Tire) Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

1. Pakistan Tyre Market Research Report, Share, Size, Growth and Outlook By 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Pakistan Tyre Market Report By Vehicle Type (Two Wheeler & Three Wheeler Tyres, Passenger Cars & Light Truck Tyres and Heavy Commercial & OTR Tyres), OEM and Replacement Segment (OEM Tyres and Replacement Tyres, Legitimate and Grey Market, Domestic Production and Imports, Radial and Bias Tyres, Tube and Tubeless Tyres, Region Market Overview: According to the latest report by IMARC Group, titled “Pakistan Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the Pakistan tyre market size reached 20.9 Million Units in 2018, growing at a CAGR of nearly 6.4% during 2011-2018. Tyres are strong and flexible pneumatic structures that are manufactured using natural or synthetic rubber wire, fabric and carbon black. They fit around a wheel’s rim to transfer the vehicle’s load and offer a secure grip between the vehicle and the road. Besides this, they enhance the overall performance of the vehicle by providing a cushion which absorbs shocks and reduces vibrations. They are installed in cars, trucks, buses, tractors, bicycles and motorcycles; common conveyances including wheelchairs and golf carts; and industrial vehicles like forklifts. At present, Pakistan is witnessing an increase in the vehicle motorization rate, and consequent growth in the automotive industry, which is spurring the demand for tyres in the country.

4. Report Description and Highlights Report Description Market Trends: The Pakistan tyre market is currently experiencing growth owing to the increasing demand for vehicles. This can be accredited to the rising population, rapid urbanization and inflating income levels of consumers. Apart from this, the government in the country is focusing on macroeconomic reforms that are resulting in the growth of the construction, industrial and agriculture sectors. For example, the Government of Pakistan recently approved the Seed Act Bill and Plant Breeders Bill, reduced the prices of fertilizers and increased loans for farmers to enhance agricultural activities, which, in turn, is boosting the sales of tyres in the sector. It is also raising taxes on the imports of tyres to promote domestic manufacturers. Further, with the rising demand for tyres, local as well as foreign manufacturers are investing in the region to expand their businesses. For instance, General Tyre and Rubber Company (GTR), the leading company in Pakistan, has planned to set up its new manufacturing unit in the Special Economic Zone (SEZ) in Faisalabad. Looking forward, the market is projected to reach a consumption volume of 28.5 Million Units by 2024. Pakistan Tyre Market Segmentation: Market Segmentation by Vehicle Type Request for a sample report: https://www.imarcgroup.com/pakistan-tyre-market/requestsample

5. Market Forecast Sample Figure: Global: Wireless Sensors Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Two Wheeler and Three Wheeler Tyres • Passenger Cars and Light Truck Tyres • Heavy Commercial and OTR Tyres • On the basis of the vehicle type, the market has been segmented into two-wheelers and three-wheelers, passenger cars and light trucks, and heavy commercial and off-the-road (OTR) vehicles. At present, the two-wheelers and three-wheelers segment leads the market, holding the largest share. • Market Segmentation by OEM and Replacement Segment • OEM Tyres • Replacement Tyres • Based on the original equipment manufacturer (OEM) and replacement segments, replacement tyres exhibit a clear dominance in the market. • Market Segmentation by Domestic Production and Imports • Domestic Production • For more information, click here: https://www.imarcgroup.com/pakistan-tyre-market

7. Market Segmentation Report Description • Imports • On assessing the domestic production and imports, it has been found that domestic production holds the dominant share in the tyre industry of Pakistan. • Market Segmentation by Region • Punjab • Sindh • Khyber Paktunkhwa • Balochistan • Region-wise, the market has been segregated into Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan. Amongst these, Punjab represents the biggest market, holding the dominant share. • Market Segmentation by Legitimate and Grey Market • Legitimate Market • Grey Market

8. Market Segmentation Report Description • The market has been classified on the basis of legitimate and grey markets, with the legitimate market currently accounting for the majority of the total share. • Market Segmentation by Radial and Bias Tyres • Bias Tyres • Radial Tyres • The market has also been divided on the basis of the radial and bias tyres, with radial tyres holding the largest market share. • Market Segmentation by Tube and Tubeless Tyres • Tube Tyres • Tubeless Tyres • Based on the tube and tubeless tyres, tubeless tyres currently represent the leading segment. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players.

9. Market Segmentation Report Description • General Tyre and Rubber Co. Ltd. • Panther Tyres Limited • Diamond Tyres Limited • Service Industries Limited • GhauriTyre and Tube Pvt. Limited • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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