Saudi Arabia Tire Market Competition Forecast & Opportunities 2016 – 2026

Submitted by Sharon Williams | November 15, 2021, 05:26:54 | Business

Saudi Arabia Tire Market stood at USD2.07 billion in 2020 and it is forecast to grow at a CAGR of over 5.30% and cross USD2.74 billion by 2026, on account of expanding vehicle fleet size, rising purchasing power and growing infrastructure and construction sector in the country. Moreover, the development of smart cities such as ‘Neom’ and implementation of programs such as National Industrial Development and Logistics Program (NIDLP) to facilitate the Saudi Vision 2030 are further driving the growth of Saudi Arabia tire market.


Tags: Saudi Arabia Tire Market
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