Pakistan Tyre Market Accelerates to 36 Million Units by 2033 with 4.1% CAGR Surge – Driven by Booming Automotive Sales, Infrastructure Expansion, Rising Vehicle Ownership, and Industrial Growth

As indicated in the latest market research report published by IMARC Group, titled "Pakistan Tyre Market Report by Vehicle Type (Two-Wheeler and Three-Wheeler, Passenger Cars and Light Truck, Heavy Commercial and OTR), OEM and Replacement Segment (OEM, Replacement), Domestic Production and Imports (Domestic Production, Imports), Legitimate and Grey Market (Legitimate, Grey), Radial and Bias Tyres (Bias, Radial), Tube and Tubeless Tyres (Tube Tyres, Tubeless Tyres), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

The Pakistan tyre market size reached 25 Million Units in 2024. Looking forward, IMARC Group expects the market to reach 36.0 Million Units by 2033, exhibiting a growth rate (CAGR) of 4.1% during 2025-2033.

Latest Market Trends:

The Pakistan tyre market is moving through a phase of many strong and associated trends. The most important and most visible one is found in the consumer's changing behavior, which can be seen in the area of radialisation, especially in the segment of commercial vehicle tyres. This has been attributed mainly to the fuel efficiency, longevity and road-holding capabilities of radial tyres, as compared to cross-ply tyres. In addition, the growing popularity of imported used tyres and their ability to provide good value to the price-sensitive consumer have been a source of competition for domestic tyre manufacturers in this area of the market. In addition, domestic production is gradually improving as manufacturers invest in technology to improve product quality to comply with the specifications of modern vehicles.

Digitalization has increased in prominence. Consumers and fleets are increasingly comparing specifications and reviews of tyres on the internet prior to purchase. This is applying pressure down the supply chain from the distributor to the retailer to improve their online presence to ease consumer and fleet purchasing. People increasingly recognize environmental concerns around tire recycling and more sustainable manufacturing practices, but the industry still develops slowly. Technology adoption, competitive pricing pressures, and the digital transformation of the retail sector are the foundation. Market participants shape their businesses on this foundation while operating in the Pakistan tire market. As a result, the market is highly adaptive and competitive.

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Market Scope and Growth Factors:

The Pakistan tyre market is supported by a number of key growth drivers with effective market fundamentals that are expected to provide sustained demand to the market. The most important of these is growth of vehicle population, which has increased the number of trucks, buses and commercial vehicles on road, particularly owing to initiatives related to the China-Pakistan Economic Corridor (CPEC) and various government infrastructure projects undertaken in recent years. This in turn translates into a continuous replacement cycle for tyres. The continuously expanding national road network, with the construction of modern motorways and highways has become a vehicle for increasing volumes of traffic, which in turn, increases the need for advances in tyre durability and longer distance capabilities, and thereby the growth of the premium product segment.

Furthermore, the demand for tractor and off-the-road (OTR) tyres, important for many farm-related activities, and important to ensuring food security, is helped by the local agricultural sector. Additionally, growth in the country's middle class and the rate of urbanization are contributing to increasing personal vehicle ownership and thus increased passenger car tyre demand in Pakistan. The high tariffs on imported new tyres have helped protect this industry, allowing local manufacturers to thrive. Together with the development of infrastructure, the expanding automobile population and the growing agricultural market, government policies have created a conducive environment that attracts investment to the industry and enables manufacturers to expand capacity.

Recent News and Developments:

• General Tyre and Rubber Company (GTR) proclaimed a new plant within the Special Economic Zone (SEZ) Faisalabad, doubling manufacturing capacity and exporting tires up to USD 100 million in value annually by 2025.

• The government put import duties as high as 30 per cent on imported tyres in 2023 to protect domestic tyre makers. This caused an 18 percent rise in domestic tyre manufacturing and a 22 percent fall in imported tyres in 2022-23.

• To meet demand, Panther Tyres Limited increased production to meet the higher demand for commercial vehicle bias tyres on Pakistan roads.

• As part of the new Auto Industry Development Program (AIDP), the government offered new incentives to local tyre makers to promote technology transfer and foreign investment.

• Some major automotive manufacturers have signed contracts with local tyre companies to supply OEM tyres for their vehicles' new models.

• Regulations were being enforced more effectively, the legitimate tyre market was strengthened and the unbranded grey market tyres were labeled through public awareness campaigns to ensure safety and quality.

• Investment increased in digital distribution platforms as tyre manufacturers developed online channels to cater to customers in remote regions and streamline their supply chain.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/pakistan-tyre-market

Major Players in the Pakistan Tyre Market:

• General Tyre and Rubber Co. Ltd.

• Panther Tyres Limited

• Diamond Tyres Limited

• Service Industries Limited

• Ghauri Tyre and Tube Pvt. Limited

Comprehensive Market Report Highlights & Segmentation Analysis:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Pakistan Tyre Market Share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Analysis by Vehicle Type:

• Two-Wheeler and Three-Wheeler

• Passenger Cars and Light Truck

• Heavy Commercial and OTR

Segmentation by OEM and Replacement Segment:

• OEM

• Replacement

Analysis by Domestic Production and Imports:

• Domestic Production

• Imports

Analysis by Legitimate and Grey Market:

• Legitimate

• Grey

Analysis by Radial and Bias Tyres:

• Bias

• Radial

Analysis by Tube and Tubeless Tyres:

• Tube Tyres

• Tubeless Tyres

Regional Analysis:

• Punjab

• Sindh

• Khyber Pakhtunkhwa

• Balochistan

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Key highlights of the Report:

• Historical Market Performance

• Future Market Projections

• Impact of COVID-19 on Market Dynamics

• Industry Competitive Analysis (Porter’s Five Forces)

• Market Dynamics and Growth Drivers

• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)

• Market Ecosystem and Value Creation Framework

• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.

• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.

• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

• Extensive Industry Expertise

• Robust Research Methodology

• Insightful Data-Driven Analysis

• Precise Forecasting Capabilities

• Established Track Record of Success

• Reach with an Extensive Network

• Tailored Solutions to Meet Client Needs

• Commitment to Strong Client Relationships and Focus

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Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.