Africa Tire Market is Expected to Witnessed Lucrative Growth at a CAGR of 4.65% During 2025-30

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The Africa Tire Market size was valued at around USD 6.35 billion in 2024 and is expected to reach USD 8.34 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 4.65% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report.

The Africa Tire Market is poised to exhibit robust growth during 2025–2030, driven by a confluence of rising automotive fleet modernization, surging demand for replacement tires, and increasing cross-border trade in auto components. As governments across Africa invest heavily in road infrastructure under regional cooperation initiatives like the African Continental Free Trade Area (AfCFTA), the growing movement of goods and people is directly escalating tire consumption across commercial and passenger vehicle segments. Unlike developed regions where replacement cycles are driven largely by efficiency, Africa’s demand is uniquely steered by climatic wear, rough terrains, and poorly maintained roads, extending a strong aftermarket opportunity for all-season and heavy-duty tires.

Another component propelling growth is Africa’s burgeoning mining, logistics, and agricultural sectors, which are stimulating demand for specialty off-the-road (OTR) and industrial tires. In particular, the rise of mechanized farming in East Africa and mining expansions in Southern Africa are triggering substantial procurement of radial agricultural and loader tires, segments significantly shaping tire demand in the African region, further states the research report, “Africa Tire Market Analysis, 2025.”

Africa Tire Market Segmentation Analysis

Passenger Car Segment to Hold the Largest Market Share

Based on the Vehicle Type segment, the market is further bifurcated into, Two-wheelers, Three-wheelers, Passenger Cars, Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicles (M&HCV), Off the Road (OTR) Vehicles.  Among all, the passenger car segment is projected to dominate the Africa Tire Market during the forecast period of 2025–2030, primarily due to the rapid urbanization, rising middle-class population, and increasing vehicle ownership across major African economies. According to the International Organization of Motor Vehicle Manufacturers (OICA), passenger car sales in Africa are witnessing steady growth, especially in countries such as South Africa, Egypt, Morocco, and Nigeria, where urban centers are expanding and consumer purchasing power is gradually increasing.

South Africa to Dominate the Africa Tire Market with the Largest Share During 2025–2030

South Africa is anticipated to lead the Africa Tire Market with the largest share during the forecast period of 2025–2030, driven by its well-established automotive ecosystem, rising domestic vehicle sales, and growing demand for tire replacement across diverse vehicle categories. As the most industrialized and economically advanced nation on the continent, South Africa accounts for a significant proportion of Africa’s vehicle fleet, tire consumption, and automotive exports.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Bridgestone, Goodyear, Michelin, Continental, Hankook, Kumho, Toyo, Triangle, Zhongce Rubber, Sumitomo and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?