Middle East & Africa Low Rolling Resistance Tire Market Size & Outlook
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MEA low rolling resistance tire market highlights
- The MEA low rolling resistance tire market generated a revenue of USD 469.6 million in 2024.
- The market is expected to grow at a CAGR of 11.7% from 2025 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2024.
- Light Commercial Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 469.6 million |
| Market revenue in 2030 | USD 910.7 million |
| Growth rate | 11.7% (CAGR from 2025 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Light Commercial Vehicle |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.2% of the global low rolling resistance tire market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,422.6 million by 2030.
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Low Rolling Resistance Tire Market outlook Scope
Low Rolling Resistance Tire Market outlook Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Toyo Tire | View profile | 10001+ | Itami, Hyogo, Japan, Asia | https://www.toyotires.co.jp |
| Firestone Tire and Rubber Company | View profile | 10001+ | Nashville, Tennessee, United States, North America | http://www.firestone.com/ |
| Cheng Shin Rubber Industry | View profile | 10001+ | Changhua, T'ai-wan, Taiwan, Asia | http://www.cst.com.tw/ |
| Kumho Tire | View profile | 5001-10000 | Mapo, Seoul-t'ukpyolsi, South Korea, Asia | https://www.kumhotire.co.kr/ |
| Cooper Tire & Rubber Company | View profile | 10001+ | Findlay, Ohio, United States, North America | http://www.coopertire.com |
| Pirelli | View profile | 10001+ | Milano, Lombardia, Italy, Europe | https://www.pirelli.com/global/en-ww/homepage |
| Nokian Tyres | View profile | 1001-5000 | Nokia, Western Finland, Finland, Europe | https://www.nokiantyres.com/ |
| Apollo Tyres | View profile | 10001+ | Gurgaon, Haryana, India, Asia | https://www.apollotyres.com/ |
| MRF | View profile | 10001+ | Chennai, Tamil Nadu, India, Asia | https://www.mrftyres.com/ |
| Yokohama Rubber Co Ltd | View profile | 33617 | 36-11, Shimbashi 5-chome, Minato-ku, Tokyo, Japan, 105-8685 | https://www.y-yokohama.com |
| Michelin | View profile | 125000 | 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, France, 63000 | https://www.michelin.com |
| Sumitomo Rubber Industries Ltd | View profile | 42997 | 3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, Japan, 651-0072 | http://www.srigroup.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
| Goodyear Tire & Rubber Co | View profile | 71000 | 200 Innovation Way, Akron, OH, United States, 44316-0001 | https://www.goodyear.com |
| Bridgestone Corp | View profile | 125199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | http://www.bridgestone.co.jp |
Middle East & Africa low rolling resistance tire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to low rolling resistance tire market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 45.78% in 2024. Horizon Databook has segmented the Middle East & Africa low rolling resistance tire market based on passenger vehicle, light commercial vehicle, heavy commercial vehicle, electric vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa low rolling resistance tire market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa low rolling resistance tire market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA low rolling resistance tire market size, by country, 2018-2030 (US$M)
Middle East & Africa Low Rolling Resistance Tire Market outlook Share, 2024 & 2030 (US$M)
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