DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/bjs68d/qatar_tyre_market) has announced the addition of the "Qatar Tyre Market Forecast and Opportunities, 2019" report to their offering.
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.
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.
Qatar Tyre Market Forecast & Opportunities, 2019 report elaborates following aspects of the tyre market in Qatar:
Key Topics Covered:
1. Executive Summary
2. Qatar Tyre Market Outlook
3. Qatar Tyre Retreading Market Outlook
4. Qatar Passenger Vehicle Tyre Market Outlook
5. Qatar Commercial Tyre Market Outlook
6. Qatar OTR Tyre Market Outlook
7. Route to Market Analysis
8. Pricing Analysis of Prominent Tyre Sizes
9. Market Dynamics
10. Policy & Regulatory Landscape
11. Market Trends & Developments
12. Import and Export Trend Analysis
13. Qatar Economic Profile
14. Competitive Landscape
15. Strategic Recommendations
For more information visit http://www.researchandmarkets.com/research/bjs68d/qatar_tyre_market
Source: Research and Markets