UAE OTR Tire Market Trend Analysis, Forecast 2023-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated UAE OTR tire market size at USD 91.79 million in 2022. During the forecast period between 2023 and 2029, BlueWeave UAE OTR tire market size is expected to grow at a significant CAGR of 6.13% reaching a value of USD 139.08 million by 2029. The demand for medium and heavy commercial vehicles is expected to rise due to the increase in initiatives taken by the top authorities to promote the infrastructure development of the nation, such as the Abu Dhabi Metro project to improve the economic situation. The UAE OTR tire market is expanding as a result of the government's efforts to diversify its revenue streams and create new sources of income to stabilize the nation's financial situation. The increased efforts being made by market participants to expand dealerships and the introduction of novel tires to draw in more customers are expected to have an impact...