GCC ANDSaudi AFRICA Arabia COMMERCIAL Tyre Market VEHICLE ForecastAND TIRE & Opportunities, MARKET STUDY 2020

Market Intelligence . Consulting forecast period thepace in slowera with to anticipatedaccelerateMarket GCCVehicle Commercial M&HCV 0.00 0.20 0.40 0.60 2012 0.44 GCC Commercial Vehicle Sales Share, By VehicleBySalesVehicle Share, Commercial GCC Bus 2013 0.49 w e i v r e v O t e k r a M e l c i h e V l a i c r e m m o C C C G By Volume: CAGR 2012CAGR 2016 2014 0.46 - Type, 2016 & & 2022 2016 Type, - 5.59% 2016 Source: Source: TechSciResearch 2015 Volume Volume Sales (Million Units) LCV 2016 M&HCV 2017E Bus 2018F 0.31 CAGR 2017ECAGR By Volume: 3.25% By Volume: 2022 2019F - 2022F 2020F LCV 2021F 2022F 0.41 ❖ ❖ ❖ ❖ GCC major Toyota, leasing vehicle Lower Pre GCC Implementation pickups comprise dominated GCC - VAT truck countries brands . options government purchase Prominent Automobile BrandsAutomobile Prominent Mitsubishi sales of and light by rush inGCCCountries for . of in Bus trucks, and light trucks . VAT and 2018 spending market focus by light Isuzu vehicles and will most on buses is buses stimulate rental on are majorly of new that and the the or in

GCC AND AFRICA 2 COMMERCIAL VEHICLE AND TIRE MARKET STUDY improvingeconomic conditions andfocus of sectornon oil recoveraccountexpectedon also to MarketGCCBus of countries DutyandLightPick up truck dominate Truck GCCmarket in accountimproving of crudeprices oil fromGCCTruck recovertheonexpecteddownfall to Market 2022F 0.38 2012 55.71 2016 2012 62.07 0.43 2013 2013 By Volume: By Volume: CAGR 2012CAGR CAGR 2012CAGR 40.79% 42.80% 69.18 0.39 2014 2014 GCC Bus Market in Volumes Marketin Bus GCC - 2015 2015 GCC Truck Market in Volumes in Market TruckGCC - - 5.44% - 2016 6.62% 2016 Volume (ThousandUnits) k o o l t u O t e k r a M s u B d n a k c u r T C C G Volume (Million Units) 2016 2016 59.21% 57.20% 2017E 2017E 2018F 2018F CAGR 2017ECAGR By Volume: 2.29% By Volume: CAGR 2017ECAGR By Volume: 9.16% By Volume: 51.13 2019F 2019F Duty Duty Truck and Pickup Light Duty Truck & Medium Heavy 2020F 2020F - - 2022F 2022F 2021F 2021F 68.60 2022F 2022F 0.35 Source: Source: TechSciResearch SaudiArabia dominateTruck andGCC Bus MarketVolume in Terms Terms its large toand due fleet sizeautomobile sales Logistics MSME’s 2022F: 2016: Saudi Arabia Saudi 2022: 2016: Kuwait 65.46% Truckand Bus 60.67% 60.67% Application University Oil Oil Fields School School & Areasof 2022: 2016 Bahrain Construction Transport& Tourism : : 2022: 2016: Qatar 2022: 2016: Oman 2022: 2016: UAE Application Application Prominent Prominent Areas

GCC AND AFRICA 3 COMMERCIAL VEHICLE AND TIRE MARKET STUDY GCC Tire Market expecting a robust growth inyears 5 a next the growthrobust expecting MarketTire GCC Asian brands Bridgestone, includeYokohama, Toyo, Kumhoandothers EuropeanandContinental Michelin, brands Pirelli,Dunlop,include brands Chinese include 3.97 2012 Chinese and European brands dominate GCC dominate MarketbrandsTire Europeanand Chinese Chinese 4.40 2013 By Volume: CAGR 2012CAGR Passenger segment expected to dominate 4.78 2014 tire market countries GCC in 2015 - 5.61 2016 Tianjan,Jiangsu,King’sWest andMarshalLake Volume (Million Units) % 2016 European Brands k o o l t u O t e k r a M e r i T C C G 2017E 2018F 6.76 CAGR 2017ECAGR By Volume: 6.47% By Volume: 2019F Brands 2020F Asian Asian - 2022F 2021F 10.41 2022F Source: Source: TechSciResearch SaudiArabia dominateTire MarketGCC its large to duesize fleet Increasing Increasing Tire Prices Tire 2022F: 2016: Saudi Arabia Saudi 2022: 2016: Kuwait 67.30% 68.06% 68.06% andautomobile sales Driving GCCDriving Tire Market Tire Automobile Automobile Improving Improving Expanding Expanding Factors Economic Fleet Fleet Size Scenario 2022: 2016 Bahrain : Automobile Automobile Increasing Increasing Sales 2022: 2016: Qatar 2022: 2016: Oman 2022: 2016: UAE

GCC AND AFRICA 4 COMMERCIAL VEHICLE AND TIRE MARKET STUDY AfricaCommercial VehicleMarket expected recovertothe forecast in period 0.42 2012 M&HCV 0.46 2013 Africa Commercial Vehicle Sales Share, By VehicleBySalesVehicle Share, Commercial Africa By Volume: 0.47 2014 CAGR 2012CAGR Bus a c i r f A 2016 Million Million Units 2015 PC - - 2.24% 2016 – 0.98 0.98 Source: Source: TechSciResearch Type, 2016 & & 2022 2016 Type, 2016 LCV Volume (Million Units) t e k r a M l a i c r e m m o C M&HCV 2017E 2018F 2022 CAGR 2017ECAGR By Volume: 2.28% By Volume: 2019F Bus 2020F - 2022F w e i v r e v O LCV 2021F 2022F 0.43 ❖ ❖ countries infrastructure governments improving to Africa brands Toyota, recover truck Prominent Automobile Brands inBrands Automobile Prominent in Isuzu . Africa in and political and the African CountriesAfrican focus truck in bus Nissan next market and their on 5 scenario bus are years is developing respective market the expected due major and to

GCC AND AFRICA 5 COMMERCIAL VEHICLE AND TIRE MARKET STUDY Africa Bus Market also expected to recover in theforecast period recoverexpectedin also to Market Bus Africa 2022F AfricaTruck Market expected recoverintothe forecast period 2016 2012 0.40 14.65 Pickup and Light duty and trucks Pickup duty Light dominate Truck Market Africa 2012 2013 0.44 15.93 2013 By Volume: By Volume: CAGR 2012CAGR 26.90% 27.56% CAGR 2012CAGR 2014 0.45 16.04 2014 - 2015 - - 2.20 2015 - 2016 3.37 2016 k o o l t u O t e k r a M s u B d n a k c u r T a c i r f A % % Volume (Million Units) 2016 2016 Volume (Thousand Units) 73.10% 72.44% 2017E 2017E 2018F 2018F 0.38 CAGR 2017ECAGR By Volume: 2.32% By Volume: CAGR 2017ECAGR By Volume: 1.01% By Volume: 2019F 2019F Source: TechSci Research Source: TechSci Source: TechSci Research Source: TechSci 2020F 2020F - - 2022F 2022F Duty Duty Truck and Pickup Light Duty Truck & Medium Heavy 2021F 2021F 2022F 2022F 0.42 ❖ ❖ ❖ ❖ ❖ Vehicle List Bus Truck and Heavy Duty andBus Duty Truck Medium Bus Trucks and Duty Light Truck Type most Eurocargo UD Toyota’s major Libya, trucks Africa dominate South only Africa of Trucks’ very popular . Prominent Segment importers truck truck Nigeria, Africa, Hilux few truck in Mercedez Mercedez Benz andVolvo Scania,Man, Iveco andIsuzu UD Trucks, andNissan Toyota, Isuzu Saudi Arabia Saudi market market Top Top Players Quester, truck countries medium and and Egypt, Ghana, of Truck Isuzu’s used models bus is is heavily and have Scania’s Algeria, sales and Kenya trucks characterized KB Powerstar Iveco, ,Volkswagen, others Powerstar Motors, Renault,Fiat,Fuso, Nissan,Toyota, TATA, Hino,General Mercedez Benzandothers Mitsubishi,TATA, , Fiat, Ford, Mazda, Mahindra,Renault, in heavy production Bus Africa in series dependent in and the Morocco P Africa Players , Navistar andothers , , Volkswagen and - . duty Series Source: Source: TechSciResearch region in Zimbabwe Others light by . units trucks on in . sale and and duty . Africa, imports of are are Tunisia Iveco’s trucks, used By the the as

GCC AND AFRICA 6 COMMERCIAL VEHICLE AND TIRE MARKET STUDY years inthe 5 next growtha expecting moderate MarketTire Africa European and Continentalbrands Michelin,Pirelli,include Asian brands Bridgestone, includeYokohama, Toyo, Hankook,Kumhoandothers brands Chinese include 3.97 2012 Chinese and Asian brands dominate Marketdominate Tire Africabrands Asian and Chinese Chinese 4.40 2013 By Volume: CAGR 2012CAGR 4.78 2014 Passenger Car segment expected to dominate 2015 - 3.04 2016 Tianjan,Jiangsu,King’sWest andMarshalLake tire market countries African in Volume (Million Units) % 2016 Brands Asian Asian k o o l t u O t e k r a M e r i T a c i r f A 2017E 2018F Source: Source: TechSciResearch CAGR 2017ECAGR By Volume: 2.87% By Volume: 2019F 7.47 European Brands 2020F - 2022F 2021F 10.41 2022F Increasing Increasing Tire PricesTire Algeria dominateAfrica South Africa,South Egyptand Driving Africa Driving TireMarket Tire Market Tire Automobile Automobile Production Improving Improving Factors Economic Scenario Reviving Reviving Political Political and Source: Source: TechSciResearch Automobile Automobile Recovering Recovering Sales

GCC AND AFRICA 7 COMMERCIAL VEHICLE AND TIRE MARKET STUDY ❖ ❖ andBusMarket Truck Africa ❖ ❖ ❖ andTruck BusGCC Market by GCC infrastructure scenario in Africa Africa Toyota, for Toyota, negative GCC Owing light the truck light buses truck truck truck truck GCC and Africa Tire and Truck/Bus and Tire and Africa GCC Market Key Insights to next Mitsubishi Isuzu and growth vehicles and low and and and and and bus 5 in crude and governments pickups Bus years bus bus their in Bus and that Nissan GCC market market market oil respective due Isuzu . prices market comprise are to is is focus are the expected in majorly improving countries has the the major of on s t h g i s n I y e K major last light exhibited developing dominated to brands . 5 political recover trucks, brands years, in a GCC Truck Market and BusTire ❖ ❖ ❖ MarketTireAfrica ❖ ❖ ❖ MarketTire GCC countries strategy Many Africa price Chinese South segments penetration Passenger easy Chinese Saudi availability and Arabia tire Africa Flagship and brands like to market easy Dominate of car Dominate tap Indian Sudan, availability tires dominate companies owing African segment brands Eritrea, in African GCC to GCC GCC have markets economical tire owing are Ethiopia has tire tire among market good reworking market markets to the especially an presence economical all price others highest vehicle their and in in

GCC AND AFRICA 8 COMMERCIAL VEHICLE AND TIRE MARKET STUDY Thank You About Us

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