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The Qatar tyre market is a largely replacement and import driven market with significant penetration of China tyre brands due to their easy availability and cost effective pricing than flagship brands. Harsh climatic conditions generally reduce the shell life of tyres in Qatar to about one and a half year. Small product life, new construction activities and ongoing infrastructure projects due to upcoming FIFA World Cup 2022 are expected to strongly boost the sales of passenger, commercial and OTR tyres in Qatar. Besides, rise in employment, urbanization and immigration as well as increase in per capita GDP have allowed consumers in Qatar to readily accept new tyre technologies.
According to the TechSci Research report, "Qatar Tyre Market Forecast & Opportunities, 2019 ", the tyre market in Qatar is forecast to grow at a CAGR of about 6%, in volume terms, during 2014-19. The retreading tyre market in the country is also projected to grow at a CAGR of around 9% during 2014-19. Besides FIFA 2022, booming construction projects due to Qatar National Vision Plan 2030 are also likely to boost the sales of commercial and OTR tyres in the country, which are projected to witness a CAGR of around 8% and 9%, respectively, in volume terms, during the forecast period. Share of Chinese tyres in Qatar tyre market is likely to decline in the coming years due to launch of robust technology and high quality tyres by flagship tyre brands, which are expected to gain high popularity among consumers due to their improved life cycle. "Qatar Tyre Market Forecast & Opportunities, 2019 " report elaborates following aspects of the tyre market in Qatar:
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tyre distributors and retailers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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