According to MarkNtel Advisors’ research report “Botswana Tire Market Analysis, 2020”, the Botswana Tire market is expected to grow at a considerable CAGR during 2021-26. COVID-19 has negatively impacted the tire business. This is majorly impacted owing to the disruption in the supply chain as the tires were imported from other dealers/distributors in Africa. Therefore, when the cases of coronavirus enlarged the supply of tires was impacted.
Construction Projects is Witnessing a Major Growth
The growing demand for industrialization and urbanization, is propelling the demand for construction projects in the country. The upcoming projects The governments of Zambia and Botswana in 2019 signed USD 259 million agreement to construct 430 km long railway to connect the two countries across the Kazungula Bridge. The project was due to be completed by June 2020. The country has abundant diamond resources coupled with sound macroeconomic policies which is promulgating the mining activities in the country. Therefore, to construct more such projects OTR vehicles and HCV’s would be required in future as well. The demand for tires is also anticipated to propel.
Bias Tires Registered The Largest Market Share
The industry is undergoing an overhaul with radial tires overpowering bias in the region. The pace of radialisation is higher in passenger car tire market, while LCV and MHCV segment registering a steady growth.
The tires with rim size varying between 15.1” to 18” dominated the market in 2020. The same trend is set to overcome during the forecast period as well. The same trend is projected to prevail throughout 2026 as revealed by the MarkNtel Advisors’ research report “Botswana Tire Market Analysis, 2020”.
“Botswana Tire Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Botswana Tire providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
According to MarkNtel Advisors’, the key players with a considerable market share in the Botswana Tire market include Dunlop Tyres, MRF Tires, Apollo Vredestien, Bridgestone Corp., TVS Tires, etc.
Key questions answered in the study: