Nigeria Tire Market (2019-2025) | Size, Share & Trends

Name: Nigeria Tire Market (2019-2025) | Size, Share & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: nigeria tire market, nigeria tire market size, nigeria tire market share, nigeria tire market trends, 6wresearch

Nigeria Tire Market (2019-2025) | Trends, Growth, Outlook, Share, Analysis, Companies, Value, Revenue, Forecast, Industry & Size

Market Forecast By Types (Radial Tires and Bias Tires), By End Users (OEM and Replacement), By Vehicle Types (Trucks and Bus, Light Trucks, Two-Wheelers and Passenger Cars), and Competitive Landscape

Product Code: ETC001387	Publication Date: Apr 2022	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 24

Nigeria Tire Market Size Growth Rate

The Nigeria Tire Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 1.30% in 2025, climbs to a high of 1.69% in 2027, and moderates to 1.30% by 2029.

Nigeria Tire Market Growth Rate

Nigeria tire market witnessed moderate growth in recent years on account of sluggish economic growth and political instability in the country. However, rising automotive manufacturing and assembly in the country would drive Nigeria Tire Market Growth during the forecast period.

According to 6Wresearch, Nigeria Tire Market size is projected to grow at a CAGR of 2.4% during 2019-2025. The majority of the motor vehicles entering the Nigerian automotive market are used vehicles from Europe and the U.S.A. and thus, the Nigerian tire market is driven by the demand for replacement tires. Two-wheeler tires captured the majority of the volume share in the Nigeria tire market due to the high popularity of the two-wheeler in the country and the shorter life of two-wheeler tires when compared to tires in other segments. However, truck and buses tire segments had the highest revenue share in overall Nigeria Tire Market Revenue owing to higher prices and prominent use of commercial and public transport by the Nigerian citizens.

Nigeria Tire Market (2019-2025)

Based on types, radial tires dominated the Nigeria Tire Market due to certain advantages such as higher fuel efficiency and longer life offered by them. Some of the key players in the Nigerian tire market are Goodyear, Pirelli, Continental, Bridgestone, Michelin, and Chinese players.

The Nigeria tire market report comprehensively covers the market by types, vehicle types, and end-users. The Nigeria tire market outlook report provides an unbiased and detailed analysis of the ongoing Nigeria tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Nigeria Tire market experienced moderate growth in the economic and political Nigeria. The rising of the manufacturing and assembly of the country tire market takes place. Nigeria tire market is more in demand because they do replacement of the tires, two-wheeler tires are the high popularity in the country. Nigeria's. The rising of the manufacturing and assembly of the country tire market takes place.

Favorable policies in order to safeguard the automotive sector are driving the Nigeria Tire Market Share. However, the market suffered a decline owing to the influx of inexpensive Chinese tires. The registration of new vehicles also suffered a decline during the past years.

Key Highlights of the Report:

Nigeria Tire Market Overview
Nigeria Tire Market Outlook
Nigeria Tire Market Forecast
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018
Nigeria Tire Market Size and Nigeria Tire Market Forecast of Revenues & Volume until 2025F
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018, By Vehicle Types.
Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By Vehicle Types
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018, By End Users
Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By End Users
Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2013-2018, By Types
Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By Types
Nigeria Tire Market Drivers and Restraints
Nigeria Tire Market Trends and Industry Life Cycle
Nigeria Tire Market Porter’s Five Force Analysis
Nigeria Tire Market Opportunity Assessment
Nigeria Tire Market Share, By Regions
Nigeria Tire Market Share, By Companies
Nigeria Tire Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations

Markets Covered

The Nigeria tire market report provides a detailed analysis of the following market segments:

By Vehicle Types

Truck and Bus Tires
Light Truck Tires
Passenger Car Tires
Two-Wheeler Tires

By End Users

OEM (Original Equipment Manufacturer)
Replacement

By Types

Radial Tires
Bias Tires

Frequently Asked Questions About the Market Study (FAQs):

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1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of the Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. Nigeria Tire Market Overview

3.1. Nigeria Country Indicators

3.2. Nigeria Tire Market Revenues & Volume, 2016-2025F

3.3. Nigeria Tire Market - Industry Life Cycle, 2018

3.4. Nigeria Tire Market – Porter’s Five Force Model

4. Nigeria Tire Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.2.1 Growing automotive industry in Nigeria leading to increased vehicle sales and demand for tires.

4.2.2 Expansion of transportation and logistics sector in Nigeria driving demand for commercial vehicle tires.

4.2.3 Increasing disposable income and urbanization leading to higher vehicle ownership rates and tire replacement demand.

4.3. Market Restraints

4.3.1 Volatility in raw material prices impacting tire production costs.

4.3.2 Competition from cheaper imported tires affecting domestic tire manufacturers.

4.3.3 Infrastructure challenges in Nigeria leading to increased wear and tear on tires and frequent replacements.

5. Nigeria Tire Market Overview, By End User

5.1. Nigeria Tire Market Revenues and Volume Share, By End User, 2018 & 2025F

5.2. Nigeria Tire Market Revenue and Volume, By End User, 2016-2025F

5.2.1 Nigeria Tire Market Revenue and Volume, By OEM, 2016-2025F

5.2.2 Nigeria Tire Market Revenue and Volume, By Replacement, 2016-2025F

6. Nigeria Tire Market Overview, By Vehicle Types

6.1. Nigeria Tire Market Revenue and Volume Share, By Vehicle Types, 2018 & 2025F

6.2. Nigeria Passenger Car Tire Market Revenues and Volume, 2016-2025F

6.3. Nigeria Truck and Bus Tire Market Revenues and Volume, 2016-2025F

6.3.1. Nigeria Truck and Bus Tire Market Revenue and Volume Share, By Types, 2018 & 2025F

6.3.1.1. Nigeria Truck and Bus Tire Market Revenues and Volume, By Types, 2016-2025F

6.3.1.1.1 Nigeria Truck and Bus Radial Tire Market Revenue and Volume, 2016-2025F

6.3.1.1.2 Nigeria Truck and Bus Bias Tire Market Revenue and Volume, 2016-2025F

6.4. Nigeria Light Truck Tire Market Revenues and Volume, 2016-2025F

6.4.1. Nigeria Light Truck Tire Market Revenue and Volume Share, By Types, 2018 & 2025F

6.4.1.1. Nigeria Light Truck Tire Market Revenues and Volume, By Types, 2016-2025F

6.3.1.1.1 Nigeria Light Truck Radial Tire Market Revenue and Volume, 2016-2025F

6.3.1.1.2 Nigeria Light Truck Bias Tire Market Revenue and Volume, 2016-2025F

6.5. Nigeria Two-Wheeler Tire Market Revenues and Volume, 2016-2025F

7. Nigeria Tire Market Key Performance Indicators

7.1 Malaysia Government Spending Outlook

7.2 Malaysia Automotive Sector Outlook

8. Nigeria Tire Market Opportunity Assessment

8.1. Nigeria Tire Market Opportunity Assessment, By Vehicle Types, 2025F

8.2. Nigeria Tire Market Opportunity Assessment, By End User, 2025F

9. Nigeria Tire Market-Competitive Landscape

9.1. Nigeria Tire Market Competitive Benchmarking, By Vehicle Types

9.2. Nigeria Tire Market Revenue Share, By Companies, 2018

10. Company Profiles

10.1. Bridgestone Middle East & Africa FZE

10.2. Triangle Tyre Co. Ltd.

10.3. MRF Limited

10.4. The Goodyear Tire & Rubber Company

10.5. Continental AG

10.6. The Yokohama Rubber Co., Ltd.

10.7. General Company Establishment Michelin

10.8. Maxxis International – Middle East and Africa

10.9. Pirelli & C. S.p.A.

11. Key Strategic Recommendations

12. Disclaimer

List of Figures

Figure 1. Nigeria Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 2. Nigeria Tire Market Revenue Share, By End Users, 2018 & 2025F

Figure 3. Nigeria Tire Market Volume Share, By End Users, 2018 & 2025F

Figure 4. Nigeria Tire Market Revenues and Volume, By OEM, 2016-2025F ($ Million, Million Units)

Figure 5. Nigeria Tire Market Revenues and Volume, By Replacement, 2016-2025F ($ Million, Million Units)

Figure 6. Nigeria Tire Market Revenue Share, By Vehicle Types, 2018 & 2025F

Figure 7. Nigeria Tire Market Volume Share, By Vehicle Types, 2018 & 2025F

Figure 8. Nigeria Passenger Car Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 9. Nigeria Truck and Bus Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 10. Nigeria Truck and Bus Tire Market Revenue Share, By Types, 2018 & 2025F

Figure 11. Nigeria Truck and Bus Tire Market Volume Share, By Types, 2018 & 2025F

Figure 12. Nigeria Radial Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 13. Nigeria Bias Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 14. Nigeria Light Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 15. Nigeria Light Truck Tire Market Revenue Share, By Types, 2018 & 2025F

Figure 16. Nigeria Light Truck Tire Market Volume Share, By Types, 2018 & 2025F

Figure 17. Nigeria Radial Light Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 18. Nigeria Bias Light Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 19. Nigeria Two-Wheeler Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units)

Figure 20. Nigeria Actual Government Spending Vs Actual Government Revenues, 2015-2024F (Naira Trillion)

Figure 21. Nigeria Tire Market Opportunity Matrix, By Vehicle Type, 2025F

Figure 22. Nigeria Tire Market Opportunity Matrix, By End User, 2025F

Figure 23. Kenya Tire Market Revenue Share, By Company, 2018

Figure 24. Tire Market – Ansoff Matrix

List of Tables

Table 1. Nigeria Vehicle Sales Data, 2016-18 (Units)

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