Nigeria Tire Market (2019-2025)

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: Nov 2019 Product Type: Report
Publisher: 6Wresearch No. of Pages: 60 No. of Figures: 24

Nigeria tire market witnessed a 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 the tire market in Nigeria during the forecast period.

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

Based on types, radial tyres 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 Nigeria 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 on-going Nigeria tire market trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

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

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  

4.3.  Market Restraints  

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)

North America Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders and others), By Distribution (OEM and Aftermarket), By Countries (US, Canada and Rest of North America) and Competitive Landscape

Middle East & Africa Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders and others), By Distribution (OEM and Aftermarket), By Countries (GCC Region, South Africa, Turkey, Nigeria and Egypt) and Competitive Landscape

Global Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders and others), By Distribution (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), By Key Countries and Competitive Landscape

Europe Farm Tire Market (2019-2025): Market Forecast By Types (Bias and Radial), By Vehicle Types (Harvester, Tractor, Sprayers, Trailers, Loaders and others), By Distribution (OEM and Aftermarket), By Countries (Germany, France, U.K., Italy and Rest of Europe) and Competitive Landscape

Global Smart Tyre Market (2019-2025): Market Forecast By Technology (Pneumatics Tyres and Non- Pneumatics Tyres), By Vehicle Type (Passenger Cars, Commercial Vehicles, Battery Electronic Vehicles and Hybrid Electric Vehicles), By Distribution Channels (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific and Rest of World), Key Countries and Competitive Landscape

Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Philippines Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape

Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Indonesia Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Types (Radial and Bias), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers)) and Competitive Landscape

India Two Wheeler Tire Market (2019-2025): Market Forecast By Vehicle Types (Scooter Tire, Underbone/Moped Tire, Motorcycle (Upto 250cc) and Motorcycle (Above 250cc), By Tire Types (Radial Tire (Motorcycle Radial and Scooter Radial), Bias Tire (Motorcycle Bias and Scooter Bias)), By End User Market (OEM and Replacement), By Rim Size (Motorcycle Rim (16 Inch, 17 Inch, 18 Inch and 19 Inch), Scooter Rim (10 Inch and 12 Inch)), By Regions (Eastern, Western, Northern and Southern) and Competitive Landscape

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