Ethiopia Tire Market (2020-2026) | Revenue, Value, Size, Share, Trends, Analysis, Outlook, Growth, COVID-19 IMPACT, Companies, Industry & Forecast

The growing vehicle fleet size coupled with the rising automobile sales in the country has driven the demand for tire markets in Ethiopia. Also, the growing penetration of Chinese tire manufacturers in the country has led to a decline in the prices of the tires which would lead to a further surge in market revenues over the coming years. The Chinese tire manufacturers accounted for a large share in the Ethiopia Tire Market in the past and their market share is further foreseen to grow in the upcoming years owing to low-cost tires and growing acceptance of Chinese tire brands all over the country.

According to 6Wresearch, Ethiopia Tire Market is projected to grow during 2020-2026. The unfavorable government policies and political unrest in the country over the past three years have led to a decline in industrial and economic growth resulting in the slow growth of the tire market in Ethiopia. However, the changes in government policies to increase foreign investments in the country to enhance the industrial sector would lead to significant growth of the tire market over the forecast period, especially in the commercial vehicle segment.

The passenger car segment dominated the Ethiopia tire market in the last few years due to a rise in purchasing power and improving passenger car sales in the country. Developing construction activities, increasing use of public transport system and growing industrialization are further enhancing the demand for the commercial and the OTR vehicles in Ethiopia

The Ethiopia Tire market report thoroughly covers the market by origin, types, vehicle types, and by end-users. The Ethiopia Tire market outlook report provides an unbiased and detailed analysis of the on-going Ethiopia Tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

The Ethiopia tire market is expected to witness significant growth in the coming years as a result of the rising investments in procuring a personal car along with increased demand for maintenance and replacement of tires to ensure the smooth operation of the vehicle. Further, the rising urbanization in the country is expected to boost technical advancements in the automotive industry backed by the increased damn for cars and need to procure personal vehicles and is expected to assist the Ethiopia tire market to register significant demand projections in the coming timeframe and is also expected to offer the potential investors of the market with lucrative opportunities to seek potential business growth in the coming timeframe. 

Key Highlights of the Report

• Ethiopia Tire Market Overview
• Ethiopia Tire Market Outlook
• Ethiopia Tire Market Forecast
• Historical Data of Ethiopia Tire Market Revenues and Volume, for the Period2016-2019
• Ethiopia Tire Market Size and Ethiopia Tire Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Ethiopia Tire Market Revenues and Volume, By Vehicle Types, for the Period 2016-2019
• Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By Vehicle Types, until 2026
• Historical Data of Ethiopia Tire Market Revenues and Volume, By Types, for the Period 2016-2019
• Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By Types, until 2026
• Historical Data of Ethiopia Tire Market Revenues and Volume, By Origin, for the Period 2016-2019
• Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By Origin, until 2026
• Historical Data of Ethiopia Tire Market Revenues and Volume, By End Users, for the Period 2016-2019
• Market Size & Forecast of Ethiopia Tire Market Revenues and Volume, By End Users, until 2026
• Market Drivers and Restraints
• Ethiopia Tire Market Trends and Industry Life Cycle
• Ethiopia Tire Market Revenue Share, By Players
• Ethiopia Tire Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

 Markets Covered:

The Ethiopia Tire Market report provides a detailed analysis of the following market segments:

• 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

Frequently Asked Questions About the Market Study (FAQs):