Summary

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:
o Two-Wheeler
o Passenger Car
o Off the Road (OTR)
o Light Commercial Vehicle (LCV)
o Medium & Heavy Commercial Vehicle (M&HCV)
• Pakistan Tire Market, By Demand Category:
o Aftermarket
o OEM
• Pakistan Tire Market, By Construction Type:
o Radial
o Bias
• Pakistan Tire Market, By Sales Channel:
o Offline
o Online
• Pakistan Tire Market, By Price Segment:
o Ultra Budget
o Budget
o Premium
• Pakistan Tire Market, By Region:
o Punjab
o Sindh
o Khyber Pakhtunkhwa
o 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:

Company Information
• Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

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