The Israel Tire Market size is projected to grow at a CAGR of around 4.6% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.
Israel Tire Market Driver:
Rising Vehicle Ownership & Expanding Automotive Fleet – The steady rise in vehicle ownership in Israel, driven by improving living standards, urbanization, and growing disposable incomes, is significantly fueling the demand for tires in the country. The expanding automotive fleet, comprising passenger cars, commercial vehicles, and two-wheelers, is creating a consistent replacement demand for tires, given their limited operational lifespan and the need for optimal safety and performance. Moreover, the increasing inclination toward personal mobility, coupled with supportive government measures for modernizing transport infrastructure, is further propelling vehicle sales, thereby boosting tire consumption. Additionally, the growing penetration of electric vehicles (EVs) in Israel, driven by environmental concerns and policy incentives, is augmenting the need for specialized tires with enhanced efficiency, durability, and low rolling resistance, further accelerating market growth.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Israel Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- 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
- 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
- Medium
- High
- 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 Region
- East
- West
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Alliance Tires, Giti, Bridgestone, Continental, Hankook, Michelin, Pirelli, Toyo, Sumitomo, Goodyear Tire, Shandong Hengfeng Rubber & Plastic Co., Ltd. are looking forward to strengthening their market positions.
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