How Big is the Kuwait Tire Market?
The Kuwait Tire Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2022-27. As Kuwait is amongst the richest countries with a majority of the urban population, the purchasing power of people & their inclination toward private ownership of vehicles is rising rapidly and demonstrating a swift escalation in the vehicle fleet. It, in turn, is augmenting the demand for tires and driving the market.
Market Statistics
- Market Growth Rate (CAGR): 6% from 2022-2027
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Kuwait Tire Market Segmentation:
The report has segmented the market into the following categories:
By Type of Vehicles
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- Three Wheelers
By Demand Category
- OEM
- Aftermarket
By Type of Tire
- Radial
- Bias
By Sales Channel
- Dealer/Distributor
- Online
- Others
By Season
- All-Season
- Summer
By Price Category
- Low (Up to USD90)
- Medium (USD91-USD140
- High (Above USD140)
By Rim Diameter
- Upto 12”
- 1” to 15”
- 1.” to 18”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
By Region
- Jahra
- Asima
- Farwaniya
- Hawalli
- Ahmadi
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/kuwait-tire-market-analysis.html
Competitive Landscape:
- Continental
- Bridgestone
- Yokohama
- Hankook
- Goodyear
- Michelin
- Sumitomo
- Kumho
- Pirelli
- Toyo.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2022-2027)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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