The increasing automobile sales, rising per capita income and implementation of strict tyre rules to drive the demand for quality tyres in Qatar. The tyre industry in Qatar is an import dependent market due to unavailability of any tyre manufacturing unit in Middle Eastern region which includes Qatar. Qatar is one of the most promising automobile markets after Saudi Arabia in Middle Eastern region. With the increasing customer demand for high performance tyre in the country, the demand estimates for global tyre manufacturers are emerging very strong. The automotive tyre industry in Qatar has witnessed the CAGR of 8.7% during 2009 to 2011.
According to "Qatar Tyre Market Forecast & Opportunities, 2018", with the increasing construction activities, Qatar tyre market is set to record impressive growth rate. It is estimated that by 2018, automobile retreaded tyre market in Qatar is expected to grow at CAGR of 7.41% by value to reach USD 42 Million revenues. The report forebodes that commercial, passenger tyres will report significant growth in terms of sales as well as demand. It is anticipated that commercial tyres in Qatar will be adapted by major manufacturers to be dominant in the market. The "Qatar Tyre Market Forecast & Opportunities, 2018" report elaborates following particulars:
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with manufacturers, associations and channel partners. Secondary research included an exhaustive search of relevant publications like newspapers, company annual reports, websites, and proprietary databases.
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