Market Research Report

Product code

1030959

Pakistan Tire Market, By Vehicle Type, By Demand Category, By Tire Construction Type, By Sales Channel, By Price Segment, By Region, Competition Forecast & Opportunities, 2026

Published: October 1, 2021 |

TechSci Research | 121 Pages | Delivery time: 2-3 business days

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Pakistan tire market is forecast to grow from USD1.00 billion in 2020 to USD1.65 billion by 2026, growing at a CAGR of 8.47% through 2026 due to rapid increase in the fleet size of vehicles, which is setting up the aftermarket demand for tires in Pakistan. Rise in per capita income has led to strengthening of the purchasing capability as well as hike in living standard of Pakistan's population. This is resulting in expansion of vehicle sales as well as increase in fleet size and leading to growth in the demand restoration for tires in Pakistan. Increasing demand for two-wheelers in Pakistan is also boosting two-wheeler production, especially motorcycles, which has led to the growth in demand for two-wheeler tires as well. With the increase in population, number of people preferring personal mode of transportation for commuting is also increasing, which has led to an increase in sales of two-wheelers. Hence, driving the OEM demand for two-wheeler tires in Pakistan over the next five years. However due to the imposition of lockdown across the country, following the COVID-19 outbreak, the sales of automobiles in the country declined significantly. After a big drop in production and sales in previous months, the production of vehicles has resumed now with sales also picking the pace, which is going to generate demand for tires in the OEM segment.

Pakistan tire market can be segmented based on demand category, by vehicle type, by tire construction type, by sales channel, by price segment and by region. On the basis of demand category, aftermarket tires dominate the overall Pakistan tire market with around 72% of total market share in 2020. And because of increasing fleet size of the vehicle, it is expected that the trend will continue to be the same in near future also. On the basis of vehicle type, two-wheelers tires are leading the Pakistan tire market with share of more than 50% in 2020, followed by Passenger Car, OTR, LCV and M&HCV. In the forecast period also, it is expected that the consumption of two-wheeler tires will be more than any other and will increase at a higher CAGR in comparison to other vehicle types. On the basis of construction type, bias tires are dominating the Pakistan tire market over radial tire with almost 77% of the total share. This is mainly due to increasing fleet of two wheelers.

Servis Tyres, Panther Tyres Limited, The General Tyre and Rubber Company of Pakistan Limited, Diamond Tyres Ltd., Goodyear Tire and Rubber Company, Ghauri Tyre & Tube Pvt Ltd, Yokohama Rubber Co. Ltd, etc. are key players in the market. They are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers and acquisition and new product developments. Players operating in the market are improving R&D capabilities while enhancing operational efficiency to register positive growth.

Years considered for this report:

Historical Period: 2016-2019

Base Year: 2020

Estimated Year: 2021E

Forecast Period: 2022F-2026F

Objective of the Study:

To analyze historical growth in market size of Pakistan tire market from 2016 to 2020.
To estimate and forecast the market size of Pakistan tire market from 2021 to 2026 and growth rate until 2026.
To identify dominant region or segment in the Pakistan tire market.
To identify drivers and challenges for Pakistan tire market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Pakistan tire market.
To conduct pricing analysis for Pakistan tire market.
To identify and analyze the profile of leading players operating in Pakistan tire market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Pakistan. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major manufacturers across Pakistan.

TechSci Research calculated the market size of Pakistan Tire Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and its demand category for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Original equipment manufacturers, suppliers and other stakeholders
Research organizations and consulting companies
Government bodies such as regulating authorities and policy makers.
Organizations, forums and alliances related to Pakistan tire market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Pakistan tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Pakistan Tire Market, By Vehicle Type:

Two-Wheeler

Passenger Car

Off the Road (OTR)

Light Commercial Vehicle (LCV)

Medium & Heavy Commercial Vehicle (M&HCV)

Pakistan Tire Market, By Demand Category:

Aftermarket

OEM

Pakistan Tire Market, By Construction Type:

Radial

Bias

Pakistan Tire Market, By Sales Channel:

Offline

Online

Pakistan Tire Market, By Price Segment:

Ultra Budget

Budget

Premium

Pakistan Tire Market, By Region:

Punjab

Sindh

Khyber Pakhtunkhwa

Others (Balochistan, Gilgit-Baltistan, etc.)

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors Influencing Purchase Decision
4.2. Brand Recall
4.3. Brand Switching
4.4. Brand Satisfaction Level

5. Pakistan Tire Market Outlook, 2016-2026F

5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
5.2. Market Share & Forecast (By Volume)
- 5.2.1. By Vehicle Type (Two-Wheeler, Passenger Car, OTR, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle)
- 5.2.2. By Demand Category (OEM & Aftermarket)
- 5.2.3. By Tire Construction Type (Radial Vs Bias)
- 5.2.4. By Sales Channel (Online and Offline)
- 5.2.5. By Price Segment (Ultra Budget, Budget and Premium)
- 5.2.6. By Region
- 5.2.7. By Top Five Cities (2020)
- 5.2.8. By Company (2020)
5.3. Vehicle Fleet Size, 2016-2026
5.4. Market Map (By Vehicle Type, By Region)

6. Pakistan Two-Wheeler Tire Market Outlook, 2016-2026F

6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
6.2. Market Share & Forecast (By Volume)
- 6.2.1. By Vehicle Type (Motorcycle, Scooters/Mopeds)
- 6.2.2. By Demand Category
- 6.2.3. By Tire Construction Type
- 6.2.4. By Sales Channel
- 6.2.5. By Rim Size
- 6.2.6. By Price Segment
6.3. Prominent Tire Sizes
6.4. Two-Wheeler Fleet Size, 2016-2026

7. Pakistan Passenger Car Tire Market Outlook, 2016-2026F

7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
7.2. Market Share & Forecast (By Volume)
- 7.2.1. By Vehicle Type (Hatchback, Sedan and SUV/MPV)
- 7.2.2. By Demand Category
- 7.2.3. By Tire Construction Type
- 7.2.4. By Sales Channel
- 7.2.5. By Rim Size
- 7.2.6. By Price Segment
7.3. Prominent Tire Sizes
7.4. Passenger Car Fleet Size, 2016-2026

8. Pakistan OTR Tire Market Outlook, 2016-2026F

8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
8.2. Market Share & Forecast (By Volume)
- 8.2.1. By Application Type (Mining Vehicles, Construction & Industrial Vehicles, Agriculture Vehicles, Others)
- 8.2.2. By Demand Category
- 8.2.3. By Tire Construction Type
- 8.2.4. By Sales Channel
- 8.2.5. By Rim Size
- 8.2.6. By Price Segment
8.3. Prominent Tire Sizes
8.4. OTR Fleet Size, 2016-2026

9. Pakistan Light Commercial Vehicle (LCV) Tire Market Outlook, 2016-2026F

9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
9.2. Market Share & Forecast (By Volume)
- 9.2.1. By Vehicle Type (Pickup Truck, Panel Van)
- 9.2.2. By Demand Category
- 9.2.3. By Tire Construction Type
- 9.2.4. By Sales Channel
- 9.2.5. By Rim Size
- 9.2.6. By Price Segment
9.3. Prominent Tire Sizes
9.4. Light Commercial Vehicle Fleet Size, 2016-2026

10. Pakistan Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook, 2016-2026F

10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
10.2. Market Share & Forecast (By Volume)
- 10.2.1. By Vehicle Type (Truck and Bus)
- 10.2.2. By Demand Category
- 10.2.3. By Tire Construction Type
- 10.2.4. By Sales Channel
- 10.2.5. By Rim Size
- 10.2.6. By Price Segment
10.3. Prominent Tire Sizes
10.4. Medium & Heavy Commercial Vehicle Fleet Size, 2016-2026

11. Import-Export Analysis

12. Supply Chain Analysis

13. Market Dynamics

13.1. Drivers
13.2. Challenges

14. Market Trends and Developments

15. Policy and Regulatory Landscape

16. Prominent Dealers/Distributors

17. Pakistan Economic profile

18. Impact of COVID-19 on Pakistan Tire Market

19. Competitive Landscape

19.1. Servis Tyres
19.2. Bridgestone Corporation
19.3. The General Tyre and Rubber Company of Pakistan Limited
19.4. Panther Tyres Limited
19.5. Ghauri Tyre & Tube Pvt Ltd
19.6. Diamond Tyres Ltd.
19.7. Yokohama Rubber Co. Ltd
19.8. Crown Tyres Limited
19.9. Michelin
19.10. Goodyear Tire and Rubber Company

20. Strategic Recommendations

21. About Us & Disclaimer

List of Figures

Figure 1: Pakistan Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 2: Pakistan Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 3: Pakistan Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 4: Pakistan Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 5: Pakistan Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 6: Pakistan Tire Market Share, By Sales Channel, By Volume, 2016-2026F
Figure 7: Pakistan Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 8: Pakistan Tire Market Share, By Region, By Volume, 2016-2026F
Figure 9: Pakistan Tire Market Share, By Top Five Cities, By Volume, 2020
Figure 10: Pakistan Tire Market Share, By Company, By Volume, 2020
Figure 11: Pakistan Vehicle Fleet Size, (Million Units), 2016-2026F
Figure 12: Pakistan Tire Market Map, By Vehicle Type, on the Basis of Market Size (Million Units) & Growth Rate (%)
Figure 13: Pakistan Tire Market Map, By Region, on the Basis of Market Size (Million Units) & Growth Rate (%)
Figure 14: Pakistan Two-Wheeler Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 15: Pakistan Two-Wheeler Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 16: Pakistan Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 17: Pakistan Two-Wheeler Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 18: Pakistan Two-Wheeler Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 19: Pakistan Two-Wheeler Tire Market Share, By Sales Channel, By Volume, 2016-2026F
Figure 20: Pakistan Two-Wheeler Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 21: Pakistan Two-Wheeler Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 22: Pakistan Two-Wheeler Fleet Size, (Million Units), 2016-2026F
Figure 23: Pakistan Passenger Car Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 24: Pakistan Passenger Car Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 25: Pakistan Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 26: Pakistan Passenger Car Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 27: Pakistan Passenger Car Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 28: Pakistan Passenger Car Tire Market Share, By Sales Channel, By Volume, 2016-2026F
Figure 29: Pakistan Passenger Car Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 30: Pakistan Passenger Car Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 31: Pakistan Passenger Car Fleet Size, (Million Units), 2016-2026F
Figure 32: Pakistan OTR Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 33: Pakistan OTR Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 34: Pakistan OTR Tire Market Share, By Application Type, By Volume, 2016-2026F
Figure 35: Pakistan OTR Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 36: Pakistan OTR Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 37: Pakistan OTR Tire Market Share, By Sales Channel, By Volume, 2016-2026F
Figure 38: Pakistan OTR Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 39: Pakistan OTR Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 40: Pakistan OTR Vehicle Fleet Size, (Million Units), 2016-2026F
Figure 41: Pakistan Light Commercial Vehicle Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 42: Pakistan Light Commercial Vehicle Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 43: Pakistan Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 44: Pakistan Light Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 45: Pakistan Light Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 46: Pakistan Light Commercial Vehicle Tire Market Share, By Sales Channel, By Volume, 2016-2026F
Figure 47: Pakistan Light Commercial Vehicle Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 48: Pakistan Light Commercial Vehicle Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 49: Pakistan Light Commercial Vehicle Fleet Size, (Million Units), 2016-2026F
Figure 50: Pakistan Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 51: Pakistan Medium & Heavy Commercial Vehicle Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 52: Pakistan Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 53: Pakistan Medium & Heavy Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 54: Pakistan Medium & Heavy Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 55: Pakistan Medium & Heavy Commercial Vehicle Tire Market Share, By Sales Channel, By Volume, 2016-2026F
Figure 56: Pakistan Medium & Heavy Commercial Vehicle Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 57: Pakistan Medium & Heavy Commercial Vehicle Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 58: Pakistan Medium & Heavy Commercial Vehicle Fleet Size, (Million Units), 2016-2026F
Figure 59: Pakistan Passenger Car Tire Imports, By Value (USD Million), 2015-2020
Figure 60: Pakistan Passenger Car Tire Exports, By Value (USD Million), 2015-2020
Figure 61: Pakistan Two-Wheeler Tire Imports, By Value (USD Million), 2015-2020
Figure 62: Pakistan Two-Wheeler Tire Exports, By Value (USD Million), 2015-2020
Figure 63: Pakistan Commercial Vehicle Tire Imports, By Value (USD Million), 2015-2020
Figure 64: Pakistan Commercial Vehicle Tire Exports, By Value (USD Million), 2015-2020