According to the latest report by IMARC Group, titled “Pakistan Tyre Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the Pakistan tyre market reached size reached 22.9 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 31.0 Million Units by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028. Tyres are critical components in automobiles that are fitted around the rim of a wheel to transfer a vehicle’s load from the axle to the ground and offer tractive force between the road surface and the vehicle. Manufactured using fabric, wire, carbon black, natural/synthetic rubber, and other chemical compounds, they consist of tread, jointless cap piles, and beads. Tyres are typically pneumatically inflated and help provide a flexible cushion for absorbing shock while traveling on rough surfaces.
Request Free Sample Report: https://www.imarcgroup.com/pakistan-tyre-market/requestsample
Pakistan Tyre Market Trends:
The Pakistan tyre market is primarily driven by the high product demand across the automotive sector. Also, a considerable increase in the vehicle ownership rates due to the various macroeconomic reforms undertaken by various governing agencies in Pakistan is substantially favouring the marketgrowth. In addition to this, the shifting consumer preferences for advanced features, such as the advanced driving assistance system (ADAS), and the emerging trend of electric vehicles (EVs) are also complementing the market growth. Furthermore, the growing awareness regarding sustainability and extensive research and development (R&D) activities are also fostering the growth of the tyre market across the country.
Competitive Landscape with Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- General Tyre and Rubber Co. Ltd.
- Panther Tyres Limited
- Diamond Tyres Limited
- Service Industries Limited
- Ghauri Tyre and Tube Pvt. Limited
Breakup by Vehicle Type:
- Two-Wheeler and Three-Wheeler
- Passenger Cars and Light Truck
- Heavy Commercial and OTR
Breakup by OEM and Replacement Segment:
- OEM
- Replacement
Breakup by Domestic Production and Imports:
- Domestic Production
- Imports
Breakup by Legitimate and Grey Market:
- Legitimate
- Grey
Breakup by Radial and Bias Tyres:
- Bias
- Radial
Breakup by Tube and Tubeless Tyres:
- Tube Tyres
- Tubeless Tyres
Regional Insights:
- Punjab
- Sindh
- Khyber Pakhtunkhwa
- Balochistan
Breakup by Regions:
- Punjab
- Sindh
- Khyber Pakhtunkhwa
- Balochistan
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
