| Product Code: ETC6679792 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde continued to rely on key import sources for heavy-duty tires, with China, Portugal, UAE, Spain, and Turkey dominating the market. Despite a declining CAGR of -10.38% from 2020-24 and a slight decrease in growth rate of -3.22% from 2023-24, the high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. This data suggests a need for diversification in import sources and strategies to stimulate growth in the Cape Verdean heavy-duty tire market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Heavy-Duty Tire Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Heavy-Duty Tire Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Heavy-Duty Tire Market - Industry Life Cycle |
3.4 Cape Verde Heavy-Duty Tire Market - Porter's Five Forces |
3.5 Cape Verde Heavy-Duty Tire Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Cape Verde Heavy-Duty Tire Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Cape Verde Heavy-Duty Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction and infrastructure projects in Cape Verde leading to increased demand for heavy-duty tires |
4.2.2 Expansion of the transportation and logistics industry in the region |
4.2.3 Government investments in road infrastructure development |
4.3 Market Restraints |
4.3.1 High import tariffs on heavy-duty tires affecting pricing and competitiveness |
4.3.2 Volatility in raw material prices impacting production costs |
4.3.3 Limited availability of skilled labor for tire manufacturing and maintenance |
5 Cape Verde Heavy-Duty Tire Market Trends |
6 Cape Verde Heavy-Duty Tire Market, By Types |
6.1 Cape Verde Heavy-Duty Tire Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By Construction Machinery, 2021- 2031F |
6.1.4 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By Mining Machinery, 2021- 2031F |
6.1.5 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By Agricultural Machinery, 2021- 2031F |
6.1.6 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By Industrial Vehicles, 2021- 2031F |
6.2 Cape Verde Heavy-Duty Tire Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By OEM, 2021- 2031F |
6.2.3 Cape Verde Heavy-Duty Tire Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Cape Verde Heavy-Duty Tire Market Import-Export Trade Statistics |
7.1 Cape Verde Heavy-Duty Tire Market Export to Major Countries |
7.2 Cape Verde Heavy-Duty Tire Market Imports from Major Countries |
8 Cape Verde Heavy-Duty Tire Market Key Performance Indicators |
8.1 Average utilization rate of heavy-duty tires in commercial vehicles in Cape Verde |
8.2 Percentage increase in demand for heavy-duty tires from the construction sector year-over-year |
8.3 Rate of adoption of advanced tire technologies in the heavy-duty tire segment |
9 Cape Verde Heavy-Duty Tire Market - Opportunity Assessment |
9.1 Cape Verde Heavy-Duty Tire Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Cape Verde Heavy-Duty Tire Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Cape Verde Heavy-Duty Tire Market - Competitive Landscape |
10.1 Cape Verde Heavy-Duty Tire Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Heavy-Duty Tire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |