Saudi Arabia tyre sales to grow at 12% CAGR
The tyre market in Saudi Arabia is expected to grow at a CAGR of 12 per cent between 2013 and 2018. That’s according to research published 6 January by TechSci market analysts. According to the TechSci, the strong growth rate comes as a result of continuous growth in automotive sales coupled with the increasing demand for tyres in the replacement market. The report, “Saudi Arabia Automobile Tyre Market Forecast and opportunity, 2018”also says that the majority sales in the country’s tyre market are contributed by the passenger vehicle segment.