| Product Code: ETC5871282 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to witness a significant influx of OTR tires import shipments from top exporters including China, Portugal, UAE, Spain, and Turkey. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with these key players dominating the landscape. Despite a challenging CAGR of -10.38% from 2020-24, the slight improvement in the growth rate from -3.22% in 2023 to -3.22% in 2024 suggests a potential stabilization in the market. Monitoring shifts in trade patterns and market dynamics will be crucial for stakeholders in the OTR tires sector in Cape Verde.

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 OTR Tires Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde OTR Tires Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde OTR Tires Market - Industry Life Cycle |
3.4 Cape Verde OTR Tires Market - Porter's Five Forces |
3.5 Cape Verde OTR Tires Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
3.6 Cape Verde OTR Tires Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cape Verde OTR Tires Market Revenues & Volume Share, By Construction, 2021 & 2031F |
3.8 Cape Verde OTR Tires Market Revenues & Volume Share, By Process, 2021 & 2031F |
4 Cape Verde OTR Tires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction and mining industries in Cape Verde, leading to increased demand for OTR tires. |
4.2.2 Government investments in infrastructure projects, such as road construction and development, driving the need for OTR tires. |
4.2.3 Technological advancements in OTR tire manufacturing, leading to more durable and efficient products. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of OTR tires. |
4.3.2 Economic instability or slowdown in Cape Verde affecting overall demand for OTR tires. |
4.3.3 Competition from cheaper imported OTR tires impacting the market share of local manufacturers. |
5 Cape Verde OTR Tires Market Trends |
6 Cape Verde OTR Tires Market Segmentations |
6.1 Cape Verde OTR Tires Market, By Equipment |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde OTR Tires Market Revenues & Volume, By Articulated Dump Trucks, 2021-2031F |
6.1.3 Cape Verde OTR Tires Market Revenues & Volume, By Asphalt Finishers, 2021-2031F |
6.1.4 Cape Verde OTR Tires Market Revenues & Volume, By Backhoe Loaders, 2021-2031F |
6.1.5 Cape Verde OTR Tires Market Revenues & Volume, By Crawler Dozer, 2021-2031F |
6.1.6 Cape Verde OTR Tires Market Revenues & Volume, By Crawler Excavators, 2021-2031F |
6.1.7 Cape Verde OTR Tires Market Revenues & Volume, By Crawler Loaders, 2021-2031F |
6.2 Cape Verde OTR Tires Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde OTR Tires Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 Cape Verde OTR Tires Market Revenues & Volume, By Construction, 2021-2031F |
6.2.4 Cape Verde OTR Tires Market Revenues & Volume, By Material handling, 2021-2031F |
6.2.5 Cape Verde OTR Tires Market Revenues & Volume, By Mining, 2021-2031F |
6.2.6 Cape Verde OTR Tires Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde OTR Tires Market, By Construction |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde OTR Tires Market Revenues & Volume, By Solid, 2021-2031F |
6.3.3 Cape Verde OTR Tires Market Revenues & Volume, By Radial, 2021-2031F |
6.3.4 Cape Verde OTR Tires Market Revenues & Volume, By Belted Bias Tire, 2021-2031F |
6.3.5 Cape Verde OTR Tires Market Revenues & Volume, By Bias Tire, 2021-2031F |
6.3.6 Cape Verde OTR Tires Market Revenues & Volume, By Non-Pneumatic Tire, 2021-2031F |
6.4 Cape Verde OTR Tires Market, By Process |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde OTR Tires Market Revenues & Volume, By Pre-Cure, 2021-2031F |
6.4.3 Cape Verde OTR Tires Market Revenues & Volume, By Mold Cure, 2021-2031F |
7 Cape Verde OTR Tires Market Import-Export Trade Statistics |
7.1 Cape Verde OTR Tires Market Export to Major Countries |
7.2 Cape Verde OTR Tires Market Imports from Major Countries |
8 Cape Verde OTR Tires Market Key Performance Indicators |
8.1 Average lifespan of OTR tires in Cape Verde, indicating the quality and durability of products. |
8.2 Adoption rate of advanced OTR tire technologies within the market. |
8.3 Rate of utilization of OTR tires in major construction and mining projects in Cape Verde. |
9 Cape Verde OTR Tires Market - Opportunity Assessment |
9.1 Cape Verde OTR Tires Market Opportunity Assessment, By Equipment, 2021 & 2031F |
9.2 Cape Verde OTR Tires Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cape Verde OTR Tires Market Opportunity Assessment, By Construction, 2021 & 2031F |
9.4 Cape Verde OTR Tires Market Opportunity Assessment, By Process, 2021 & 2031F |
10 Cape Verde OTR Tires Market - Competitive Landscape |
10.1 Cape Verde OTR Tires Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde OTR Tires Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |