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Vietnam Tire Market Trends 2023- Industry Share, Growth Drivers, Revenue, Key Players, Challenges, Business Opportunities and Forecast Analysis Till 2033: SPER Market Research

admin November 3, 2023 Automotive, Business, News

Vietnam Tire Market Trends 2023- Industry Share, Growth Drivers, Revenue, Key Players, Challenges, Business Opportunities and Forecast Analysis Till 2033: SPER Market Research

VIETNAM TIRE MARKET IS PREDICTED TO REACH USD 1.31 BILLION BY 2033: SPER Market Research

Inflated with air and fitted on rims, tyres are ring-shaped, circular components of a vehicle. The tire’s main job is to safeguard the wheel rim while also supplying tractive force between the car and the road. To reduce vibration and absorb stress, tyres create a flexible cushion as they travel over unlevel ground. Natural rubber has been used frequently to make tyres ever since it was invented. The materials used to make modern tyres, however, include synthetic rubber, steel wires, carbon black, and other materials.

According to SPER market research, ‘Vietnam Tire Market Size– By Type, By Rim Size, By Vehicle Type, By Demand Category, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Vietnam Tire Market is predicted to reach USD 1.31 billion by 2033 with a CAGR of 7.91%.

As two-wheeler sales increase, the Vietnamese tyre market is anticipated to expand in the upcoming years. The potential market expansion of the Vietnam tyre market in the next years is anticipated to be sparked by an increase in the fleet and two-wheeler rides in the nation, supported by the potential growth of the automotive sector and the success of introducing innovative features in the two-wheeler tyres. Additionally, the country’s advantageous economic circumstances have increased the number of two-wheelers on the road and are expected to further the enormous expansion of the Vietnam tyre market in the years to come.

But despite all of the advantages, there are still obstacles faced by the Vietnam Tire Market. The rising volatility of raw material prices, on the other hand, is one of the key problems preventing the Vietnamese tyre market from growing. Raw resources for rubber and tyres are getting more and more expensive. The price of the raw materials used to create tyres, including rubber, steel, and nylon, is always fluctuating. Globally, the cost of steel and aluminium is influenced by the availability of bauxite, iron ore, and fuel.

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Impact of COVID-19 on Vietnam Tire Market

Furthermore, the COVID-19 pandemic had a substantial influence on the market share of tyres in Vietnam by interfering with the flow of the raw materials and parts needed to make tyres. Lockdowns and diminished economic activity have also marginally decreased the demand for autos. Furthermore, the pandemic has restricted and disrupted logistics and transportation, which has had an impact on the import and export of tyres. Additionally,

because people prefer contactless methods of buying tyres, the epidemic has caused a shift towards e-commerce platforms for tyre sales.

Vietnam Tire Market Key Player

Additionally, some of the market key players are Bridgestone Tire Mfg., Continental, Goodtime Rubber Co., Ltd., Goodyear, Kumho Tire, Pirelli & C. S.p.A, Toyo Tire Corp., Yokohama Tyre, Others.

Vietnam Tire Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Vietnam Tire Market is segmented as; Bias, Radial.

By Rim Size: Based on the Rim Size, Vietnam Tire Market is segmented as; Up to 19”, 20”-25”, above 25”.

By Vehicle Type: Based on the Vehicle Type, Vietnam Tire Market is segmented as; Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Off-The-Road (OTR), Passenger Cars, Two-Wheeler.

By Demand Category: Based on the Demand Category, Vietnam Tire Market is segmented as; Aftermarket, OEM.

By Sales Channel: Based on the Sales Channel, Vietnam Tire Market is segmented as; Offline, Online.

By Region: This research also includes data for Eastern Region, Northern Region, Southern Region, Western Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Vietnam Tire Market Future Outlook:

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Iraq E-commerce Logistics and Warehousing Market Trends

Iraq E-commerce Logistics and Warehousing Market Growth 2023, Rising Trends, Revenue, CAGR Status, Challenges and Future Opportunities to 2032: SPER Market Research

admin November 1, 2023 Automotive, Business

E-commerce logistics and warehousing are critical components of online purchasing and delivery. When we purchase something online, they must be delivered from the seller’s location to ours. This is where e-commerce logistics enters the picture. The process of controlling the movement of products from vendor to client is known as logistics. It comprises tasks including order processing, packaging, transportation, and delivery. Warehousing, on the other hand, is the storage and management of goods before they are delivered to customers. When we place an online order, the vendor usually has a warehouse where the items are stored.

According to SPER market research, ‘Iraq E-commerce Logistics and Warehousing Market Size– By Product Category, By Delivery, By Volumetric Weight, By Payment, By Sourcing, By Gender, By Age Group- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Iraq E-commerce Logistics and Warehousing Market is predicted to reach USD XX billion by 2032 with a CAGR of XX%.

The use of the internet in Iraq has continuously expanded, generating chances for the e-commerce industry to grow. In this country, which has a large population and a growing middle class, there is untapped market potential for enterprises to establish themselves and respond to the growing need for e-commerce logistics and warehousing services. Mobile technology use is also high in Iraq, generating opportunities for mobile-based e-commerce platforms and solutions.

However, obstacles such as infrastructure development, such as transportation networks and warehousing facilities, may impede efficient logistics operations. Other challenges include developing secure and dependable payment mechanisms, navigating legal frameworks, and overcoming last-mile delivery concerns. Despite these challenges, the Iraqi e-commerce logistics and storage sector has the potential to grow, benefiting both businesses and customers.

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The spread of COVID-19 has had a tremendous impact on Iraq’s e-commerce logistics and storage industry. With travel restrictions and social segregation in place, there has been a definite shift in consumer behaviour toward online purchase, resulting in an increase in e-commerce activity.

The pandemic has increased the use of e-commerce in Iraq, as buyers have turned to internet channels to suit their shopping demands while limiting personal encounters. This unanticipated spike in online orders has put further strain on e-commerce logistics and warehousing companies to accommodate the increasing amount of shipments. Additionally, some of the market key players are Aramex, DHL, Iraq Post, Mateen Logistics, Sandoog.

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Iraq E-Commerce Logistics and Warehousing Market Outlook

Thailand Cold Chain Market Size- By Service Type, By Application, By Temperature Type, By Technology- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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UAE Tire Market Trends, Share, Growth Drivers, CAGR Status, Demand, Business Opportunities and Future Outlook 2023-2033: SPER Market Research

admin November 1, 2023 Automotive, Business, News

A rubber tyre has an air cushion inside it that fits around the wheel and is constructed of rubber. Its main function is to protect the rim of the wheel and act as a tractive force between the car and the road. Additionally, tyres offer a flexible cushion that lessens vehicle vibrations and absorbs stress. A rubber tyre is made up of tread, jointless cap heaps, beads, and additional components including cloth, carbon black, and synthetic rubber.

According to SPER market research, ‘UAE Tire Market Size- By Type of Vehicle, By Type of Tire, By Rim Diameter, By Sales Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the UAE Tire Market is predicted to reach USD 0.98 billion by 2033 with a CAGR of 11.24%.

The UAE is one of the most significant markets for private automobiles in the world because of the high disposable income and steady fuel prices. The demand for tyres is anticipated to increase during the forecast period due to the UAE’s rapidly expanding new and used automobile markets. The UAE tyre market is expanding as a result of favourable government efforts and tyre safety standards. Tyres for passenger cars must be sold and replaced after two and five years, respectively, in accordance with UAE legislation. Vehicles that violate these regulations face steep fines. As a result, vehicle owners in the UAE regularly service replace their vehicles every five years. The UAE tyre market is expanding as a result of such activities.

On the other hand, due to strict tyre safety regulations, huge quantities of rubber tyres are disposed of as waste in the UAE. Burning tyres releases toxic smoke that is dangerous to both people and the environment. The tyre graveyard in Kuwait, which is the biggest one in the world, contains more than 60 million used car tyres. A fire recently broke out and released a gas that was thought to be cancer-causing to people. The development of the tyre market in the UAE is significantly hampered by these factors.

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Impact of COVID-19 on UAE Tire Market

Furthermore, the abrupt COVID-19 pandemic outbreak severely curtailed the UAE’s economic activity. Due to the pandemic’s effects, the UAE tyre market was forced to contend with a number of difficulties. There was a shortage of tyres during this time as imports and exports were temporarily prohibited due to the government’s stringent lockdown. Moreover, fewer replacement tyres were sold as a result of shutdown limitations. Additionally, the market for tyres suffered significant losses during this period due to the dramatic fall in the demand for automobiles. Over the following five years, the industry is anticipated to recover as the area resumes work on significant projects.

UAE Tyre Market Key Players:

Geographically, Dubai dominates the UAE Automotive Tire Market, followed by Abu Dhabi and Sharjah as the nation’s major economic and business hubs. Additionally, some of the market key players are Michelin, Goodyear Tire and Rubber Company, Dunlop Tyres, Cooper Tire and Rubber Company, Others.

UAE Automotive Tire Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type of Vehicle:

Light Commercial Vehicle
Medium and Heavy Commercial Vehicles
Off the Road (OTR)
Passenger Car
Two Wheelers

By Type of Tire:

Bias
Radial

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”
Above 47”

By Sales Channel:

Dealer/Exclusive Outlets
Online
Others

By Region:

Eastern Region
Northern Region
Southern Region
Western Region

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

UAE Tire Market Future Trends

Vietnam Tire Market Size- By Type, By Rim Size, By Vehicle Type, By Demand Category, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Retail Logistics Market Trends 2023- Global Industry Share, Revenue, Growth Strategy, Business Challenges, Opportunities and Future Outlook Till 2033: SPER Market Research

admin October 31, 2023 Automotive, Business, News

Retail logistics is the process of managing and organizing goods, materials, and products as they are transported from suppliers to final consumers. To ensure that the right products are available in the right quantities at the right times and places to meet customer needs, it involves a number of duties such as order fulfilment, distribution, warehousing, inventory control, and logistics. Planning and coordination are required along the whole supply chain, from raw material suppliers to manufacturers, distributors, retailers, and ultimately customers.

According to SPER market research, ‘Retail Logistics Market Size- By Type, By Solution, By Mode of Transportation- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Retail Logistics Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

The market is being driven by a number of growth drivers. Retail logistics services are in high demand because to the growing popularity of online shopping and the continued expansion of e-commerce platforms. Because online shopping gives convenience and a wider range of products, the pressure on logistics companies to execute these orders efficiently and quickly has increased. Retailers and logistics companies must meet these expectations to maintain client loyalty. As a result, there is a greater demand for logistics solutions that ensure on-time delivery, and companies are regularly pressed to optimize their supply chain and distribution networks. To avoid stockouts and overstock issues, e-commerce enterprises must manage their inventory properly.

There are specific challenges impeding market growth. Product delivery delays can be caused by inadequate transportation infrastructure, such as poorly maintained roads, limited ports, and clogged highways. Delays may result in higher holding costs, stockouts, and possibly unsatisfied consumers. Furthermore, obsolete or insufficient storage infrastructure, such as warehouses and distribution centers, can cause supply chain disruptions. Capacity limits, a lack of modern inventory management systems, and challenges in coordinating product transportation can all create these pauses.

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Impact of COVID-19 on Global Retail Logistics Market

The COVID-19 epidemic had a substantial impact on the retail logistics business. To stem the spread of the disease, many countries instituted lockdowns and travel restrictions. These actions caused supply chain interruptions such as manufacturing shutdowns, transit restrictions, and diminished personnel availability. This slowed the flow of goods, making it more difficult for retailers to replace shelves and meet client requests. As traditional retail stores closed or operated at reduced capacity, there was a considerable shift toward internet purchase. This increase in e-commerce put additional strain on merchants’ logistics and fulfillment systems, as they had to respond to increased demand for home deliveries while also properly managing returns.

Retail Logistics Market Key Players:

Furthermore, by geography, Asia-Pacific will dominate the global market in 2022. The Asia-Pacific region is witnessing rapid urbanization, which is causing population concentrations in cities. This growth increases the necessity for efficient logistics networks to distribute commodities to highly inhabited areas. Furthermore, investments in transportation and logistics infrastructure, such as highways, ports, and warehouses, are critical for the efficient flow of commodities within and between countries. Infrastructure improvements have a favorable impact on the growth of the regional retail logistics business. Additionally, some of the market key players are DHL International GmbH, C.H. Robinson Worldwide, Inc., APL Logistics Ltd, FedEx Corporation, XPO Logistics, Inc., Schneider, United Parcel Service, Inc., Nippon Express Co., Ltd., DSV, Kuehne + Nagel International AG.

Retail Logistics Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Type: Based on the Type, Global Retail Logistics Market is segmented as; Conventional Retail Logistics, E-Commerce Retail Logistics.

By Solution: Based on the Solution, Global Retail Logistics Market is segmented as; Commerce Enablement, Supply Chain Solutions, Reverse Logistics and Liquidation, Transportation Management, Others.

By Mode of Transportation: Based on the Mode of Transportation, Global Retail Logistics Market is segmented as; Railways, Airways, Roadways, Waterways.

By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Retail Logistics Market Future Outlook

New Zealand Freight and Logistics Market Size- By Function, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Power Transmission Gearbox Market Growth 2023- Global Industry Share, Scope, Key Players, Latest Technology, Business Opportunities and Future Outlook till 2033: SPER Market Research.

admin October 30, 2023 Automotive, Business, News

A power transmission gearbox is a crucial part of a power transmission system, which transfers power from one system segment to another using sealed, high-strength material casings with different-sized gears. A gearbox with various sized gears serves as an example of power transfer.

The power transmission gearbox’s complexity is determined by how it is used and applied. The input and output shafts of a power transmission gearbox are parallel to one another.

According to SPER market research, ‘Global Power Transmission Gearbox Market Size– By Gear Type, By End Use, By Material, By Stage, By Transmission Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Power Transmission Gearbox Market is predicted to reach USD 45 billion by 2033 with a CAGR of 4.43%.

The market for power transmission gearboxes expanding due to the increased need for industrial automation. The need for gearboxes, which are used to transmit power and control the movement of machinery and equipment, has surged due to the region’s robust manufacturing base and growing need for industrial automation systems. The East Asian Power Transmission Gearbox market is also being driven by the development of digital technologies like Industry 4.0 and the Internet of Things (IoT). In addition to offering real-time monitoring and administration of the transmission process, these technologies help to increase gearbox performance and economy.

Increased Competition from Alternative Power Transmission Gearboxes. – Other technologies, such as direct drives, variable frequency drives, and hydraulic systems, are putting pressure on power transmission gears. All of these alternatives are suitable for a wide range of applications and may lure purchasers away from the power transmission gearbox. By connecting the motor directly to the load, direct drive systems eliminate the need for gearboxes. In addition, hydraulic systems offer precise control, great power density, and the capacity to bear massive loads in a wide range of heavy-duty applications. Hydraulic transmission is widely employed in agricultural and construction industries. Furthermore, electronic control systems precisely govern the motor and pose a considerable risk when changing gearboxes in a variety of applications, including automation and robotics.

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Impact of COVID-19 on Global Power Transmission Gearbox

The global Power Transmission Gearbox industry was significantly impacted by the COVID-19 epidemic. It caused supply chain disruptions, a drop in demand in key industries, and financial limitations for businesses. However, it has accelerated certain trends, such as the push for more energy-efficient and ecological solutions, as well as a greater emphasis on automation and remote monitoring. With businesses resuming transmission equipment investments and adjusting to the “new normal” in operational operations, demand for power transmission gearboxes gradually increased as the global economy began to improve.

Global Power Transmission Gearbox Market key players

Furthermore, The North American power transmission gearbox market is expected to be the largest, with a 35% share by the end of 2036. The rising automobile industry has contributed significantly to the market’s growth. The automobile industry is substantial in North America. Power gearbox gearboxes are highly used in vehicle construction, particularly in trucks and large dusty vehicles. Furthermore, consumers’ preferences for SUVs are rapidly changing. Additionally, some of the market key players are THE TIMKEN, Diequa Corporation, Dorris Gear Drives, Lafert, Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG, ISHIBASHI Manufacturing Co, Ltd, Sumitomo Heavy Industries Gearbox Co, Ltd.

Global Power Transmission Gearbox Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Gear Type: Based on the Gear Type, Global Power Transmission Gearbox Market is segmented as; Worm, Helical, Spur, Planetary, Bevel, Others.

By End Use: Based on the End Use, Global Power Transmission Gearbox Market is segmented as; Automotive, Mining, Aerospace, Marine, Chemical, Others.

By Material: Based on the Material, Global Power Transmission Gearbox Market is segmented as; Cast Iron, Aluminium, Brass.

By Stage: Based on the Stage, Global Power Transmission Gearbox Market is segmented as; 3-stage, 4-stage, 5-stage, Multistage.

By Transmission Type: Based on the Transmission Type, Global Power Transmission Gearbox Market is segmented as; Mechanical, Automatic, Hybrid.

By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Global Power Transmission Gearbox Market Business Opportunities

China Car Rental Market Size- By Car Type, By Application, By Booking Type, By End-User Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Automotive Aftermarket Service Market Size 2023, Global Industry Share, Revenue, Key Players, Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research

admin October 30, 2023 Automotive, Business

Flexible electronics, often referred to as bendable electronics, use flexible substrates rather than stiff ones like silicon, such as plastic or metal foils. This makes it possible to mold electrical components into a variety of shapes, which makes them appropriate for a wide range of applications. They are well-liked for wearable technology and other applications because they are stress-resistant, lightweight, and portable. Rollable televisions and innovative folding smartphones are being made possible by flexible displays. Modern manufacturing techniques, such printing, are used to produce these products, which lowers the cost of mass production.

According to SPER market research, ‘Automotive Aftermarket Service Market Size- By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Automotive Aftermarket Service Market is predicted to reach USD 675.75 billion by 2033 with a CAGR of 4.25%.

There are numerous significant reasons are driving the growth and development of the global automotive aftermarket services business. The growing number of cars on the road has a big impact on the aftermarket services industry. As the number of vehicles in use increases, so does the need for maintenance, repairs, and replacement parts; this provides aftermarket service providers with a consistent flow of new business opportunities. Over time, the average age of cars and trucks on the road has increased. The necessity for more regular repairs and replacement parts for older cars raises the need for aftermarket services. As their vehicles age, owners often look for less expensive aftermarket options to replace costly OEM services.

The global automotive aftermarket services market needs to go over a lot of challenges in order to grow and function. The primary barrier is OEM Dominance. Original Equipment Manufacturers (OEMs) often maintain control over the aftermarket by promoting their own branded parts, diagnostic tools, and service networks. OEMs may impose restrictions on access to technical data, software, or parts, which makes it challenging for independent repair shops and aftermarket suppliers to compete fairly. One major issue is the availability of low-quality, counterfeit aftermarket parts. These parts might not meet quality or performance standards, which could lead to subpar performance and possible safety concerns that could affect customer satisfaction.

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The COVID-19 pandemic has caused significant harm to the worldwide automotive aftermarket services business. Vehicle use declined and maintenance and repairs were put off as a result of lockdowns, travel restrictions, and unstable finances. This led to a decline in the demand for the services offered by aftermarket service providers. Because of disruptions in the supply chain, aftermarket components were unavailable, which resulted in delays in repairs and replacements. The shift to remote work and reduced commuting significantly affected the demand for aftermarket services.

Furthermore, Asia Pacific held a dominant 28.5% market share in 2022 in terms of market size. It is projected that increased consumer and passenger car production and sales, the use of advanced technologies in the auto part fabrication process, and the digitization of automotive component delivery services will boost automotive sales in the area. In order to increase their market share, a number of businesses are concentrating on acquisitions. Additionally, some of the market key players are AISIN SEIKI CO., Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Exide Technologies, Inc, Federal-Mogul Corporation, Hella KGaA Hueck & Co., Johnsons Controls Inc., Lear Corporation Goodyear Tire& Rubber Company.

Automotive Aftermarket Service Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Replacement Parts: Based on the Replacement Parts, Global Automotive Aftermarket Service Market is segmented as; Battery, Body Parts, Brake Parts, Exhaust Components, Filters, Lighting and Electronic Components, Tire, Turbochargers, Wheels.

By Vehicle Type: Based on the Vehicle Type, Global Automotive Aftermarket Service Industry is segmented as; Commercial Vehicles, Passenger Cars.

By Certification: Based on the Certification, Global Automotive Aftermarket Service Industry is segmented as; Certified Parts, Genuine Parts, Uncertified Parts.

By Distribution Channel: Based on the Distribution Channel, Global Automotive Aftermarket Service Industry is segmented as; Retailers (OEM’s, Repair Shops), Wholesalers and Distributors.

By Service Channel: Based on the Service Channel, Global Automotive Aftermarket Service Industry is segmented as; Delegation to OEM’s (OE), Do it for me (DIFM), Do it Yourself (DIY).

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

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Automotive Aftermarket Service Industry Research Report

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Egypt Tire Market Growth and Share, Rising Trends, Revenue, Challenges, Future Strategies and Competitive Analysis 2033: SPER Market Research

admin October 27, 2023 Automotive, News

The tyre on an automobile is a rim-like, spherical object that contains air. Steel, rubber, wire, cotton, glass, silica, and wire reinforced with carbon black are only a few of the natural and synthetic components used in its production. The tyre is offered in two variations—tubed and tubeless—and is made up of a number of components, including a bead, bead filler, belts, body ply, inner liner, sidewall and tread. The tyre is essential for controlling forces.

According to SPER market research, ‘Egypt Tire Market Size- By Vehicle Type, By Demand Category, By Tire Type, By Rim Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Egypt Tire Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

The market is primarily being driven by the factors: increased infrastructure investment across the country and rising consumer spending power. Additionally, it is anticipated that the steadily growing auto fleet and rising disposable income would favourably affect the Egypt tyre market during the course of the projection year. A ban on the import of used automobiles and increasing demand for replacement tyres are also predicted to enhance Egypt’s requirement for tyres. Due to factors including strong demand from end users, such as the oil and gas industry, logistics industry, mining industry, public transportation industry, e-commerce industry, etc., the demand for commercial vehicle tyres has increased in the nation. Due to the nation’s rapid industrialisation and urbanisation and high growth rate, commercial tyre sales have increased. As the country’s schools resumed operations following the pandemic, the need for school buses surged as well, which in turn increased demand for tyres.

However, to create automotive tyres, large amounts of synthetic and natural rubber, sulphur, carbon black, and other materials are required. The cost of these raw materials is subject to fluctuation because of a number of factors, including the availability of natural rubbers and legislative prohibitions on the excessive cutting down of rubber trees. The inability of tyre manufacturers to produce and deliver tyres at predetermined costs is caused by the volatile pricing of raw materials like oil and rubber, which could limit the growth of the Egypt Tyre Market during its formative years.

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Furthermore, Egypt’s tyre market was unable to grow due of the Covid-19 outbreak. In an effort to stem the virus’s spread, the government implemented a nationwide quarantine, which had an adverse effect on both tyre production and raw material availability. Additionally, the pandemic made it more common for people to work from home and spend more time at home, which decreased the demand for solitary activities. The nation’s economic situation also had an impact on consumer purchasing power. The total expansion of the market is hampered by these factors, which sharply reduce Egypt’s demand for automobile tyres.

Additionally, some of the market key players are Apollo Tyres Ltd., Bridgestone Corporation, Michelin, MRF Ltd., Pirelli Tyre S.p.A., Sumitomo Rubber Industries, Ltd., Yokohama Tire Corporation, Others.

Egypt Tire Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Vehicle Type: Based on the Vehicle Type, Egypt Tire Market is segmented as; Light Commercial Vehicles (Light Buses, Light Trucks, Pickup Trucks & Vans), Medium & Heavy Commercial Vehicles (Bus, Truck), Off the Road (Earthmoving Equipment, Industrial & Mining Equipment, Material Handling Equipment), Passenger Cars (Hatchback & Bakkies, Sedan, SUV), Two Wheelers (Moped, Motorcycles, Scooters).

By Demand Category: Based on the Demand Category, Egypt Tire Market is segmented as; OEM, Replacement.

By Tire Type: Based on the Tire Type, Egypt Tire Market is segmented as; Bias, Radial (Tube, Tubeless).

By Rim Size: Based on the Rim Size, Egypt Tire Market is segmented as; Up to 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”, Above 47”.

By Region: This research also includes data for Alexandria, Cairo, Giza and rest of Egypt.

For More Information, refer to below link:-

Egypt Tire Market Outlook

Qatar Tire Market Size- By Vehicle Type, By Demand Category, By Tire Type, By Rim Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Qatar Tire (Tyre) Market Growth 2023, Industry Share, Emerging Trends, Key Manufacturers, Business Challenges, Future Opportunities and Forecast Research Report 2033: SPER Market Research

admin October 25, 2023 Automotive, Business

A tyre encircles the rim of the wheel to distribute the weight of the vehicle from the axle through the wheel to the ground and to give grip on the surface the wheel travels over. The majority of tyres, including those for vehicles and bicycles, are pneumatically inflated units that also provide a flexible cushion to absorb stress as the tyre travels over uneven ground. Applying a bearing pressure that won’t cause the surface to flex excessively results in the contact patch, the footprint that tyres give, being made to match the weight of the vehicle with the bearing capacity of the surface it rolls over.

According to SPER market research, ‘Qatar Tire Market Size– By Vehicle Type, By Demand Category, By Tire Type, By Rim Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Qatar Tire Market is predicted to reach USD 2.26 billion by 2033 with a CAGR of 6.35%.

The Qatar Tire Market is projected to grow during the forecast period. The market is expanding primarily as a result of people’s rapidly rising living standards, disposable income, and propensity to own private vehicles, all of which are contributing to a rapid expansion of the vehicle fleet. As a result, the industry is being driven by an increase in tyre demand across the nation. Additionally, the government’s increased emphasis on infrastructure improvements as part of its strategic plan Qatar Vision 2030 to diversify the economy away from oil is reflected in a number of current and prospective construction projects. Additionally, it is increasing the manufacture of durable tyres and boosting the demand for medium and heavy commercial vehicles. As a result, the leading tyre producers are seeing chances to expand their tyre import and distribution capabilities in order to fulfil the expanding customer demands in Qatar and grow the market in the years to come. Furthermore, because owning a private and affluent vehicle is more of a status symbol among Qatari citizens, the fleet of vehicles is expanding quickly, which is driving up demand for tyres and boosting the market’s total growth.

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However, the growing worries about carbon emissions and the rigorous government rules aimed at lowering them are the primary reasons that could limit the extensive use of rubber in tyre manufacture and, in turn, limit the growth of the Qatar tyre industry. The fluctuating price of raw materials, which has an impact on the overall cost of producing tyres and makes it challenging for tyre producers to set a fixed price, is another important issue that is anticipated to restrict the market’s growth over the next years.

Impact of COVID-19 on Qatar Tire Market

Furthermore, the Covid-19 pandemic in 2020 had a dual impact on Qatar’s automotive and tire industries, with stringent government restrictions causing disruptions in the supply chain. Challenges included raw material shortages, delayed deliveries, and fluctuating prices, impacting tire production and distribution. Despite these obstacles, the construction sector, a key economic driver, remained operational, ensuring a continuous demand for commercial vehicles and tires. This allowed the Qatar Tire Market to weather the crisis, providing opportunities for market leaders to bolster production and distribution capacities to meet heightened end-user needs.

Qatar Tire Market Key Players:

Additionally, some of the market key players are Apollo Tyres Ltd., Bridgestone Corporation, Continental AG, Goodyear Tires, Hankook Tire Co. Ltd., Michelin AIM FZE, Others.

Qatar Tire Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, Qatar Tire Market is segmented as; Light Commercial Vehicles (Light Buses, Light Trucks, Pickup Trucks & Vans), Medium & Heavy Commercial Vehicles (Bus, Truck), Off the Road (Earthmoving Equipment, Industrial & Mining Equipment, Material Handling Equipment), Passenger Cars (Hatchback & Bakkies, Sedan, SUV), Two Wheelers (Moped, Motorcycles, Scooters).

By Demand Category: Based on the Demand Category, Qatar Tire Market is segmented as; OEM, Replacement.

By Tire Type: Based on the Tire Type, Qatar Tire Market is segmented as; Bias, Radial (Tube, Tubeless).

By Rim Size: Based on the Rim Size, Qatar Tire Market is segmented as; Up to 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”, Above 47”.

By Region: This research also includes data for Ad Dawhah, AI Khor, AI Rayyan, AI Wakrah.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link: –

Qatar Tire Market Forecast Research Report

Vietnam Tire Market Size- By Type, By Rim Size, By Vehicle Type, By Demand Category, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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China Car Rental Market Trends 2023- Industry Share-Size, Growth Drivers, Revenue, Business Challenges, Opportunities and Future Outlook Till 2033: SPER Market Research

admin October 25, 2023 Automotive, Business, News

Getting an automobile on a short-term basis from a rental firm or agency is referred to as car rental. It gives people or companies access to a car for a set time period, which can be anything from a few hours to several days or weeks. According to their own requirements and tastes, consumers can choose from a variety of automobiles offered by car rental businesses, ranging from economical cars to luxury vehicles. When one’s own vehicle is not available, work trips, vacations or other events necessitate it, renting a car offers a flexible and practical transportation solution. Without the long-term commitment and duties of car ownership, it provides the freedom of mobility.

According to SPER market research, ‘China Car Rental Market Size– By Car Type, By Application, By Booking Type, By End-User Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the China Car Rental Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

Key factors fuelling the expansion of China’s car rental industry encompass supportive governmental regulations, the flourishing domestic tourism sector, and a surge in mergers and acquisitions within the field. Notably, car sharing is gaining traction, primarily due to significant demand from millennials, acting as a catalyst for market growth. Furthermore, the online car rental market in China has experienced robust growth, contributing significantly to the overall industry’s advancement during that period.

However, numerous obstacles face the China vehicle rental business. Operational challenges are brought on by regulatory complexity and regionally distinct rules. Price wars between domestic and foreign competitors may result from fierce competition, which will affect profit margins. Managing car fleets, paying for upkeep, and dealing with depreciation are constant challenges. Additionally, the COVID-19 epidemic impacted travel and tourism, two major industry drivers, which dampened demand for rental services. The demand for ease and flexibility is increasing as consumer preferences change, which forces automobile rental companies to quickly adapt. To remain competitive in this dynamic and changing industry, technological developments and the promotion of environmentally friendly automobiles both require ongoing investment.

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Impact of COVID-19 on China Car Rental Market

Furthermore, on the market for renting cars in China, the COVID-19 outbreak had a significant effect. Sharp drops in demand for rental services were caused by rigorous lockdowns, travel restrictions, and decreased tourism. As remote work became more common, corporate travel and foreign tourism drastically reduced, placing financial burden on rental firms as a result of fewer reservations. The sector changed its focus to long-term rentals and local tourism offers as a way to adapt by implementing strict safety procedures. The consequences of the pandemic on travel patterns and consumer preferences continue to have an impact on the sector even if the market started to recover as the situation stabilised. In the post-pandemic environment, car rental companies are putting more and more of an emphasis on digital solutions and contactless services.

China Car Rental Market Key Players:

When the Asian Games were staged in Beijing in 1990, the Chinese automobile rental industry was born. The main markets being emphasised at the moment are Beijing, Shanghai, Guangzhou, and Shenzhen. As the traditional automobile rental sector focuses on increasing its competitiveness by boosting services, enlarging fleet size, and improving operational efficiency, it has substantial assets and low profitability. Additionally, some of the market key players are Avis Budget Group Inc., Beijing Shouqi Group Corp., CAR Inc., Shanghai Jinjiang Holdings Co Ltd., Yongda Group, Others.

China Car Rental Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Car Type: Based on the Car Type, China Car Rental Market is segmented as; Economy car, Executive car, Luxury car, Multi utility vehicle (MUV) car, Sports utility vehicle (SUV) car.

By Application: Based on the Application, China Car Rental Market is segmented as; Business, Leisure/Tourism.

By Booking Type: Based on the Booking Type, China Car Rental Market is segmented as; Offline Access, Online Access.

By End-User Type: Based on the End-User Type, China Car Rental Market is segmented as; Chauffer Driven, Self-Driven.

By Region: This research also includes data for Beijing, Changsha, Hangzhou, Shenzhen, Wuhan, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

China Car Rental Market Future Outlook

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Singapore Car Rental and Leasing Market Size- By Booking Type, By Rental Duration, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033

UAE Car Rental and Leasing Market Size- By Rental Duration, By Booking, By Driving Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Indonesia Used car market Share, Revenue, Upcoming Trends, Growth Opportunities, Business Competition, Future Challenges Till 2033: SPER Market Research

admin October 25, 2023 Automotive, Business, News

Used cars are a reliable and economical option for those who want to travel comfortably without going over budget. Purchasing a used car offers a wide range of brands, models, and price ranges to fit different budgets and expectations. These used cars are less expensive than new ones as they have already experienced depreciation. Moreover, the market for secondhand cars offers a wide range of options, enabling buyers to find particular models, features, or even vintage cars that are no longer produced new. Buying a used car can be a great choice for anyone looking for quality, value, and the ability to personalize their vehicle to their preferences, even though thorough research and inspections are necessary.

According to SPER market research, ‘Indonesia Used Car Market Size– By Mode of Freight, By Type of Freight, By End User, By Warehousing – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Indonesia Used Car Market is predicted to reach USD 94.20 billion by 2033 with a CAGR of 6.02%.

There are multiple factors driving the growth of the market. SUVs, or sport utility vehicles, have been increasingly common among Indonesians buying secondhand cars in recent years. Dealers are in a competitive position to supply new SUVs to fulfill the needs of this expanding market, and consumers are always interested in perusing the models of SUVs that are available. Along with rising new car prices, online auto markets are also becoming significant forces behind the growth of the used car industry in Qatar as consumers’ preferences for private transportation options grow as a result of rising GDP per capita and disposable income.

The Indonesian used car market is confronted with a number of significant challenges. The company’s main vulnerability to dishonest tactics like selling stolen cars and tampering with odometers is its lack of transparency and monitoring. This undermines the confidence and trust of customers. Second, potential purchasers are discouraged by the relatively high cost of secondhand cars due to high import taxes and customs. It is also more challenging to assess the background and condition of a used car due to the absence of uniform vehicle certification and inspection procedures. The absence of financing alternatives for the selling of secondhand cars further limits market growth.

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Impact of COVID-19 on Indonesia Used car Market

The 2020 COVID-19 epidemic prompted a drop in the used automobile sector. West Java, the province that includes Bekasi, Bandung, Karawang, and other cities, enforced PSBB (Massive Social Restriction) in response to the effects of the new coronavirus.

Indonesia Used car Market key players

Furthermore, the used car market in Indonesia is a dynamic and diverse terrain impacted by a variety of geographical characteristics. Due to the region’s dense population and substantial economic activity, demand for pre-owned vehicles is significantly high in Java, which includes the capital city Jakarta. Consumers here frequently prioritize fuel-efficient and compact vehicles, reflecting urban and traffic situations. Furthermore, the availability of a diverse selection of used automobile stores and financing alternatives contributes to Java’s strong market presence. Additionally, some of the market key players are Carsome, Caroline, Carro, OLX, iCarAsia, Diamond Smart Auto, PT Tunas Ridean Tbk, Toyota Trust, Suzuki Auto Value, and others.

Indonesia Used car Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Vehicle Type: Based on the Vehicle Type, Indonesia Used Car Market is segmented as; Hatchback, Sedan, Sport Utility Vehicle, Multi-purpose Vehicle.

By Booking Channel: Based on the Booking Channel, Indonesia Used Car Market is segmented as; Online OEM Certified/Authorized Dealerships, Multi Brand Dealerships

By Financing Providers: Based on the Financing Providers, Indonesia Used Car Market is segmented as; OEMs, Banks, Non-Banking Financial Companies.

By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Indonesia Used Car Market Growth Drivers

Australia Used Car Market Size- By Vendor Type, By Fuel Type, By Body Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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