The Bahrain Tire Market size was valued at around USD 1.1 billion in 2023 & is estimated to grow at a CAGR of around 5.43% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Bahrain Tire Market

Bahrain Tire Market Trend: Eco-friendly & Sustainable Tires Gaining Traction

As environmental awareness rises, people are more inclined towards eco-friendly and sustainable options, and demand for tires that reduce emissions from the vehicle by improving fuel efficiency is increasing. These innovative green tires use advanced materials and tread designs that minimize resistance, improving fuel efficiency and reducing emissions. Additionally, the growing popularity of electric cars that are considered environment friendly is rising, giving a rise in demand for electric vehicle-specific tires that are made to reduce wear and tear due to electric vehicles’ heavyweight from large battery packs and more torque which decreases the frequency of replacements, which reduces waste. Moreover, tire manufacturers are adopting sustainable practices, trying to reduce emissions during the tire manufacturing process and using recycled material to reduce their impact on the environment. Thus, the increasing popularity of eco-friendly & sustainable solutions among vehicle owners is presenting a positive future business outlook for the Bahrain tire manufacturers and is anticipated to augment the growth of the industry during the forecast period.

Scope of the Report and Bahrain Tire Market Segmentation

By Type of Vehicles

-Passenger Car

-Light Commercial Vehicle

-Buses and Trucks

-Medium and Heavy Commercial Vehicles

-Off the Road (OTR)

-Two Wheelers

-Three Wheeler

• the passenger cars segment holds the largest share of the Bahrain Tire Market. This is primarily due to the rising rate of private ownership of cars.

By Demand Category

-OEM

-Replacement

By Type of Tire

-Radial

-Bias

By Sales Channel

-Dealer/Exclusive Outlets

-Online

-Others

By Season

-All season

-Summer

By Price Category

-Low (Up to USD)

-Medium (USD-USD)

-High (Above USD)

By Rim Diameter

-Upto 12”

-12.1” to 15”

-15.1.” to 18”

-18.1” to 20”

-20.1” to 22.5”

-22.6” to 26”

-26.1” to 35”

-35.1” to 47”

Top leading companies in the Bahrain Tire Market includes:

Continental, Bridgestone, Yokohama, Hankook, Goodyear, Michelin, Kumho, Pirelli, Sumitomo, Toyo and others

Bahrain Tire Market Development

• February 2024: As a major milestone in the manufacturer's sustainability journey, all of the tires used in the Formula One World Championship this year will bear the FSC logo, making Pirelli the first company to produce a full line of FSC (Forest Stewardship Council)-certified tires for motorsport.

For more detailed information about the Bahrain Tire market report, click here – https://www.marknteladvisors.com/research-library/bahrain-tire-market-analysis.html  

Geographical analysis:

Central

South

East

West

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