The vehicle maintenance cost has increased to a great extent in 2024. One of the significant contributors to this is the soaring price of tires. Be it a sporty sedan or a powerful SUV, replacing your tires has become a bigger expense.

Global challenges like rising raw material prices, supply chain disruptions, and increased production costs are critical factors for the rise of tire prices. Additionally, the preference for high-performance and specialized tires among Dubai's drivers pushes prices upward.

As a result, you have to spend extra money to maintain your premium vehicle. Let's examine how tyre price trends are shaping vehicle maintenance costs in 2024.

Understanding The Basics Of Tire Prices

The larger tires, such as those of trucks and SUVs, generally have higher prices due to increased material and manufacturing requirements. Tyre price in Abu Dhabi is a complex combination of various factors. Government policies, trade regulations, and tariffs substantially affect tire costs.

The demand for tubeless tires has also influenced pricing. These tires are more expensive due to their advanced technology and improved performance benefits. External factors also play a crucial role in defining Tyre Price in Dubai.

Additionally, brand reputation and market positioning contribute to pricing disparities, with premium brands carrying higher price tags. Let us look deeper at the elements that collectively shape the tire market, impacting overall vehicle maintenance.

How Tire Price Trends Impact Vehicle Maintenance Cost?

Rising tire prices significantly impact overall vehicle maintenance costs. Vehicle owners have to spend extra money to maintain premium cars, which can disrupt budgeting for car care.

Drivers must consider factors like tire lifespan, driving habits, and regular maintenance to ease the financial burden. The following are the prime factors shaping tyre price trends in 2024.

  1. Prices Of Raw Material For Tires - Rubber, Synthetic Fibres

    The primary raw materials used for tires are rubber and synthetic fibres. Their increased prices directly influence vehicle maintenance costs. As raw material costs increase, tire manufacturers pass these costs on to consumers.

    This leads to higher prices for new tires, directly impacting vehicle owners' budgets. When tires need replacement due to wear and tear, the higher purchase price increases maintenance expenses.

  2. Global Supply Chains

    Global supply chains facilitate product delivery to the final consumer. However, natural disasters, political instability, trade disputes, or changes in tariffs can affect global supply chains.

    This leads to delayed transport and inefficiencies, which cause higher shipping costs. Such increased costs are eventually passed on to consumers through increased prices for parts and services.

    When the cost of goods rises globally due to supply chain issues, it contributes to overall inflation. This impacts the price of everything, including vehicle maintenance.

  3. Innovating Tire Technology

    The tire industry is evolving with innovations and advanced technology. Some high-tech tires require specialized equipment for maintenance or repairs, which potentially increases costs.

    Embedded sensors within tires collect real-time data on pressure, temperature, and tread wear. Such tires are more expensive than normal ones and increase vehicle maintenance costs when they are repaired or replaced.

    Though the initial investment in innovative tires might be higher, the long-term savings in fuel efficiency, safety, and durability outweigh the upfront costs.

  4. Enhancing Safety Features In Tires

    Incorporating advanced safety features into tires is a significant development in automotive technology. However, these advancements come with a premium price that affects vehicle maintenance costs.

    Developing innovative tire technologies requires substantial investment in research and development. This is ultimately passed on to consumers in the form of higher tyre price in Abu Dhabi.

    Tires equipped with cutting-edge safety features are often positioned as premium products. These higher prices are due to advanced materials, complex manufacturing processes, and additional technologies.

    Though such technology enhances the safety of drivers and passengers, it influences other maintenance costs, like frequent and specialized inspections. These extras are added to vehicle maintenance costs.

  5. Adhering To Environmental Compliances & Green Material

    Nowadays, it is a growing trend towards the production of eco-friendly materials in tires too. This requires advanced technology and processes leading to higher production costs.

    Although the initial costs of green tire materials might be higher, their fuel efficiency and low upkeep also lower vehicle maintenance costs. Adhering to environmental compliances, the proper disposal of old tires should be made. This often involves fees and adds to the overall cost of tire replacement.

  6. Introducing New Vehicles

    The new vehicles have the latest technology in both the internal components and the tires. This gives an elevated riding experience but influences the maintenance costs.

    • EVs—Electric vehicles have lower maintenance costs but some unique challenges. They deliver instant torque, which can lead to faster tire wear.

      Some EVs are heavy, which increases tire pressure and early wear. Thus, early tire replacement might be required, which is an extra cost for the vehicle-care budget.

    • Autonomous Vehicles (AVs) — AVs usually have higher Tyre Prices because they incorporate sensors to monitor tire pressure, tread depth, and road conditions.

      Replacement of such tires is expensive, as autonomous vehicles have a wider range of tires, leading to extra costs for vehicle maintenance.

    • Performance Vehicles - Performance vehicles require high-performance tires for better grip and handling. Such tires come with a premium price tag because they use specialized rubber compounds and construction techniques.

      This results in higher manufacturing costs, which eventually leads to high vehicle maintenance costs.

Conclusion

The escalating tyre price in Dubai will impact overall vehicle maintenance expenses in 2024. As raw material prices fluctuate and global economic conditions evolve, you should be prepared for a rise in the vehicle-care budget.

At Tyrevision, you will get the tyre at the optimum price and the best one suited for your vehicle. Tyrevision also offers complete guidance to reduce the overall maintenance cost of your vehicle.