Market Forcast By Origin (Local Manufacturing, Imports), By Types (Radial Tires, Bias Tires), By End Users (OEM, Replacement), By Vehicle Types (Trucks, Light Trucks, Two-Wheelers, Passenger Cars), By Countries (South Africa, Egypt, Kenya, Ethiopia, Nigeria, Algeria, Morocco, Tanzania, Ghana & Rest of Africa) and Competitive Landscape
Product Code: ETC131506 | Publication Date: Feb 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 35 |
Africa Tire Market has been experiencing various developments and projects in recent years. The tire market in Africa has been growing steadily on the back of increasing demand for passenger and commercial vehicles. The tire market is anticipated to grow due to rapid urbanization and rising industrialization in Africa. The expansion of manufacturing plants in Africa by several global tire manufacturers to tap into the growing market is another major development in this industry. Tire manufacturers are investing in research and development to create new tire technologies that are appropriate for the market. Apart from this, technological advancements in the tire industry have made it possible to produce high-quality tires that are more durable and have better performance.
Moreover, manufacturers are exploring the use of renewable materials such as natural rubber, plant-based oils, and recycled materials in tire production. This move towards sustainable tire production is driven by the need to reduce the carbon footprint of tire production. In general, the Africa Tire Industry is experiencing tremendous growth. The major factors driving the growth include the expansion of manufacturing plants, increased use of renewable materials, and government regulations. Many African countries have experienced rapid economic growth in recent years, which has led to an increase in consumer spending power. Furthermore, the population in Africa is growing rapidly which resulted in an increasing number of people who are buying vehicles.
Africa Tire market report is a part of the Global Tire Market report thoroughly covers the market by origin, types, vehicle types, end-users, and key countries including South Africa, Egypt, Kenya, Ethiopia, Nigeria, Algeria, Morocco, Tanzania, Ghana, and the Rest of Africa. Africa Tire market outlook provides an unbiased and detailed analysis of the ongoing Africa Tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The rise in demand for the tire market in Africa is driven by the growing middle-class population, rising automotive fleet, and increasing government investment in the development of transportation infrastructure. Global tire manufacturers are setting up their manufacturing base in the Africa region to meet the growing demand for tires in the Africa region; especially the Chinese tire manufacturers, which has led to a reduction in the prices of the tires. Moreover, many countries in Africa have a price-sensitive market, and the consumers in Africa desire less expensive tires rather than highly expensive branded tires.
According to 6Wresearch, Africa Tire (Tyre) Market size is projected to grow rapidly during 2020-2026. Rising discretionary spending towards the adoption of automobiles is propelling the Africa Tire Market Growth. The significant growth of the automotive industry is anticipated to trigger the potential growth of the Africa tire market in the coming years owing to the increased advancements by the respective government of the developed and developing nations across the African region which is expected to augment the growth of Africa tire market in the foreseeable future. Additionally, an increase in the sales of passenger and commercial vehicles in the country is expected to contribute towards generating sound demand projections for a tire in the coming years and leave a positive impact on the growth of the Africa tire market in the upcoming six years and the timeframe later on.
The Africa tire market is expected to witness substantial growth during the forecast period 2020-26F backed by the rising substantial growth of the automotive industry. The rise in commercial and passenger vehicle adoption is due to an increase in the purchasing power of the African population. In line with this, the rapid growth of vehicle adoption across the region is estimated to stimulate manufacturers to double the automobile parts manufacturing, tires being one of them and are expected to leave a positive impact and would benefit the impressive growth of the Africa tire market in the upcoming six years.
Based on vehicle types, the passenger car segment accounted for a major share of the market revenue pie in the Africa tire market due to the increasing demand for passenger cars in the Africa region. The light commercial vehicle segment has developed as the second-largest tire segment in the past few years followed by other segments. Moreover, increasing government investment in the expansion of the industrial and automobile sector is anticipated to lead towards a surge in demand for commercial vehicles in Africa, resulting in a growth in demand for the tire market over the upcoming years.
South Africa is the leading revenue-generating country in the Africa tire market on the back of growing automobile sales in the country. Moreover, the presence of a large on-road fleet size replacement segment contributes a major share of market revenues. Further, the tire market in Africa is predominantly import driven thus, growing networks with dealers and distributors is a key aspect for increasing the tire sale in the region.
The outburst of the coronavirus pandemic has led to disruption in the Africa Tire Market growth owing to the decline in the automotive industry. The restrictions imposed by the government of the country led to the shutting down of manufacturing and business units that further disrupted the Africa Tire Market Growth. Nationwide lockdown by the government also hampered the supply chain of tires.
The Africa Tire Market report provides a detailed analysis of the following market segments:
1). What is the impact of the coronavirus pandemic on the Africa Tire Market growth?
The outburst of the coronavirus pandemic has led to disruption in the Africa Tire Market growth owing to the decline in the automotive industry. The restrictions imposed by the government of the country led to the shutting down of manufacturing and business units that further disrupted the Africa Tire Market Growth.
2). Which segment based on vehicle type accounted for a major share of the Africa Tire Market?
Based on vehicle types, the passenger car segment accounted for a major share of the market revenue pie in the Africa tire market.
3). What is the reason behind the growth of South Africa in overall Africa Tire Market Growth?
South Africa is the leading revenue-generating country in the Africa tire market on the back of growing automobile sales in the country.
4). Which factor is propelling the Africa Tire Market Growth?
Rising discretionary spending towards the adoption of automobiles is propelling the Africa Tire Market Growth.
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Africa Tire Market Overview |
3.2 Africa Tire Market Revenues and Volume, 2016-2026F |
3.3 Africa Tire Market Revenue Share, By Origin, 2019 & 2026F |
3.4 Africa Tire Market Revenue Share, By Types, 2019 & 2026F |
3.5 Africa Tire Market Revenue Share, By End Users, 2019 & 2026F |
3.6 Africa Tire Market Revenue Share, By Vehicle Types, 2019 & 2026F |
3.7 Africa Tire Market Revenue Share, By Region, 2019 & 2026F |
3.8 Africa Tire Market - Industry Life Cycle |
3.9 Africa Tire Market - Porter’s Five Forces |
4. Africa Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
6. Africa Tire Market Overview, By Origin |
6.1 Africa Local Manufacturing Tire Market Revenues and Volume, 2016-2026F |
6.2 Africa Imports Tire Market Revenues and Volume, 2016-2026F |
7. Africa Tire Market Overview, By Types |
7.1 Africa Tire Market Revenue and Volume, By Biased Tire, 2016-2026F |
7.2 Africa Tire Market Revenue and Volume, By Radial Tire, 2016-2026F |
8. Africa Tire Market Overview, By End Users |
8.1 Africa Tire Market Revenue and Volume, By Replacement, 2016-2026F |
8.2 Africa Tire Market Revenue and Volume, By OEM, 2016-2026F |
9. Africa Tire Market Overview, By Vehicles Types |
9.1 Africa Tire Market Revenue and Volume, By Trucks, 2016-2026F |
9.2 Africa Tire Market Revenue and Volume, By Light Trucks, 2016-2026F |
9.3 Africa Tire Market Revenue and Volume, By Two-Wheelers, 2016-2026F |
9.4 Africa Tire Market Revenue and Volume, By Passenger Cars, 2016-2026F |
10. South Africa Tire Market Overview |
10.1 South Africa Tire Market Revenues and Volume,2016-2026 F |
10.2 South Africa Tire Market Revenues and Volume, By Origin, 2016-2026 F |
10.3 South Africa Tire Market Revenues and Volume, By Types, 2016-2026 F |
10.4 South Africa Tire Market Revenues and Volume, By End Users, 2016-2026 F |
10.5 South Africa Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
11. Egypt Tire Market Overview |
11.1 Egypt Tire Market Revenues and Volume,2016-2026 F |
11.2 Egypt Tire Market Revenues and Volume, By Origin, 2016-2026 F |
11.3 Egypt Tire Market Revenues and Volume, By Types, 2016-2026 F |
11.4 Egypt Tire Market Revenues and Volume, By End Users, 2016-2026 F |
11.5 Egypt Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
12. Kenya Tire Market Overview |
12.1 Kenya Tire Market Revenues and Volume,2016-2026 F |
12.2 Kenya Tire Market Revenues and Volume, By Origin, 2016-2026 F |
12.3 Kenya Tire Market Revenues and Volume, By Types, 2016-2026 F |
12.4 Kenya Tire Market Revenues and Volume, By End Users, 2016-2026 F |
12.5 Kenya Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
13. Ethiopia Tire Market Overview |
13.1 Ethiopia Tire Market Revenues and Volume,2016-2026 F |
13.2 Ethiopia Tire Market Revenues and Volume, By Origin, 2016-2026 F |
13.3 Ethiopia Tire Market Revenues and Volume, By Types, 2016-2026 F |
13.4 Ethiopia Tire Market Revenues and Volume, By End Users, 2016-2026 F |
13.5 Ethiopia Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
14. Nigeria Tire Market Overview |
14.1 Nigeria Tire Market Revenues and Volume,2016-2026 F |
14.2 Nigeria Tire Market Revenues and Volume, By Origin, 2016-2026 F |
14.3 Nigeria Tire Market Revenues and Volume, By Types, 2016-2026 F |
14.4 Nigeria Tire Market Revenues and Volume, By End Users, 2016-2026 F |
14.5 Nigeria Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
15. Algeria Tire Market Overview |
15.1 Algeria Tire Market Revenues and Volume,2016-2026 F |
15.2 Algeria Tire Market Revenues and Volume, By Origin, 2016-2026 F |
15.3 Algeria Tire Market Revenues and Volume, By Types, 2016-2026 F |
15.4 Algeria Tire Market Revenues and Volume, By End Users, 2016-2026 F |
15.5 Algeria Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
16. Morocco Tire Market Overview |
16.1 Morocco Tire Market Revenues and Volume,2016-2026 F |
16.2 Morocco Tire Market Revenues and Volume, By Origin, 2016-2026 F |
16.3 Morocco Tire Market Revenues and Volume, By Types, 2016-2026 F |
16.4 Morocco Tire Market Revenues and Volume, By End Users, 2016-2026 F |
16.5 Morocco Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
17. Tanzania Tire Market Overview |
17.1 Tanzania Tire Market Revenues and Volume,2016-2026 F |
17.2 Tanzania Tire Market Revenues and Volume, By Origin, 2016-2026 F |
17.3 Tanzania Tire Market Revenues and Volume, By Types, 2016-2026 F |
17.4 Tanzania Tire Market Revenues and Volume, By End Users, 2016-2026 F |
17.5 Tanzania Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
18. Ghana Tire Market Overview |
18.1 Ghana Tire Market Revenues and Volume,2016-2026 F |
18.2 Ghana Tire Market Revenues and Volume, By Origin, 2016-2026 F |
18.3 Ghana Tire Market Revenues and Volume, By Types, 2016-2026 F |
18.4 Ghana Tire Market Revenues and Volume, By End Users, 2016-2026 F |
18.5 Ghana Tire Market Revenues and Volume, By Vehicle Types, 2016-2026 F |
19. Rest of Africa Tire Market Overview |
19.1 Rest of Africa Tire Market Revenues, 2016-2026F |
20. Africa Tire Market Key Performance Indicators |
21. Africa Tire Market Opportunity Assessment |
21.1 Africa Tire Market Opportunity Assessment, By Origin, 2026F |
21.2 Africa Tire Market Opportunity Assessment, By Types, 2026F |
21.3 Africa Tire Market Opportunity Assessment, By End Users, 2026F |
21.4 Africa Tire Market Opportunity Assessment, By Vehicle Types, 2026F |
22. Africa Tire Market Competitive Landscape |
22.1 Africa Tire Market Revenue Share, By Companies, 2019 |
22.1.1 South Africa Tire Market Revenue Share, By Companies, 2019 |
22.1.2 Egypt Tire Market Revenue Share, By Companies, 2019 |
22.1.3 Kenya Tire Market Revenue Share, By Companies, 2019 |
22.1.4 Ethiopia Tire Market Revenue Share, By Companies, 2019 |
22.1.5 Nigeria Tire Market Revenue Share, By Companies, 2019 |
22.1.6 Algeria Tire Market Revenue Share, By Companies, 2019 |
22.1.7 Morocco Tire Market Revenue Share, By Companies, 2019 |
22.1.8 Tanzania Tire Market Revenue Share, By Companies, 2019 |
22.1.9 Ghana Tire Market Revenue Share, By Companies, 2019 |
22.2 Africa Tire Market Competitive Benchmarking, By Operating Parameters |
23. Company Profiles |
24. Key Strategic Recommendations |
25. Disclaimer |