Oman Tire Market to Grow at 3.3% CAGR by 2026 | MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Oman Tire Market, The Oman Tire Market is projected to grow at a CAGR of around 3.3% during the forecast period, i.e., 2021-26. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Oman Tire Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2021-2026
• CAGR (2021-2026): 3.3%

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Oman Tire Market Segmentation Breakdown:

The Oman Tire Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows: By Vehicle Type

• Passenger Cars
  • SUV
  • Sedan
  • Hatchback & Bakkies
• Light Commercial Vehicles (LCV)
  • Light Trucks
  • Light Buses
  • Pickup trucks & Vans
• Medium & Heavy Commercial Vehicles
  • Bus
  • Truck
• Two Wheelers
  • Moped
  • Scooters
  • Motorcycles
• Off the Road (OTR)
  • Earthmoving Equipment
  • Material Handling Equipment
  • Industrial & Mining Equipment

By Demand Type

• OEM
• Replacement

Of both, the Replacement demand is anticipated to acquire the largest share of the Oman Tire Market during the forecast period. By Type of Tire

• Radial
• Bias

Here, the demand for Radial Tires is projected to witness the fastest growth in the Oman Tire Market during the forecast period, principally due to their benefits like lower fuel consumption, improved vehicle stability, better traction, low rolling resistance, & improved cut resistance, among others, i.e., fueling their adoption in different heavy-duty vehicles for a smooth driving experience. By Season

• All Season
• Summer

By Sales Channel

• Online
• Dealers/ Exclusive Outlets
• Others

By Rim Size

• Upto 12
• 1” to 15”
• 1.” to 18”
• 1” to 20”
• 1” to 22.5”
• 6” to 26”
• 1” to 35”
• 1” to 47”
• Above 47”

By Price Category

• Low
• Medium
• High

Key Drivers: Strict Government Regulations for Vehicle & Passenger Safety 

With an escalating number of road accidents in Oman, the government is imposing strict regulations for vehicle owners to timely inspect the condition of their vehicles & tires and ensure proper replacements to increase their safety, which, in turn, is augmenting the sales of tires in the country and generating growth opportunities for the Oman Tire Market through 2026. Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/oman-tire-market.html

A Comprehensive Analysis of Leading Companies in Oman Tire Market

• Bridgestone Corporation
• Sumitomo Rubber
• Compagnie Générale Des Établissements Michelin
• Yokohama Rubber
• Pirelli & C.Spa
• Hankook Tire Co.
• Toyo Tire & Rubber Company Ltd
• Continental
• Apollo Tyres
• Goodyear Tires

Growth Opportunity: Rapid Expansion of Online Platforms

With the mounting inclination of customers toward online shopping, several tire manufacturers in Oman are increasingly adopting digital platforms to offer an extensive range of tires. It, in turn, is generating growth opportunities for them to expand their product portfolio & visibility across the country, which, in turn, would contribute to the overall expansion of the Oman Tire Market in the coming years.  “Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours” Note: If you need additional information not included in the report, we can customize it to suit your requirements. Contact Our Analysts for Brochure Requests, Customization, or Any Pre-Purchase Inquiries: https://www.marknteladvisors.com/query/request-customization/oman-tire-market.html

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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