Press Release Description

Egypt Two-wheeler Tire Market to Blossom with Expanding E-commerce Sector & Growing Popularity for Electric Two-wheelers

The Egypt Two-wheeler Tire is projected to grow at a CAGR of around 8.37% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The expansion of the market is attributed to various factors, including the extensive utilization of two-wheelers for commercial activities, rapid urbanization, and the increasing transition towards e-mobility in Egypt. Moreover, there is a notable surge in the adoption of two-wheelers for business operations, particularly for last-mile delivery services. Furthermore, the escalating rate of internet penetration in the country is propelling the growth of the e-commerce sector. Consequently, as the e-commerce industry expands, the utilization of two-wheelers for delivery purposes continues to improve, thereby bolstering the demand for scooters & motorbike tires for replacement across Egypt.

Egypt Two-wheeler Tire Market

Additionally, the swift urbanization observed in cities such as Cairo, Alexandria, and Giza has resulted in a notable increase in the need for transportation options. According to the UN-Habitat Egypt 2023 report, there has been significant rural-to-urban and urban-to-urban migration, with approximately 73% of this migration being absorbed by Cairo and Alexandria. With constrained road infrastructure and worsening traffic congestion, two-wheelers provide a practical and efficient means of commuting, thereby fueling the demand for tires in these areas.

Moreover, increasing measures like incentives & subsidies aimed at promoting e-mobility for personal transportation presents a promising opportunity to enhance the sales of two-wheeler tires in Egypt. As a result, numerous end-users, including delivery & logistics companies, are transitioning to dedicated electric fleets to benefit from tax exemptions on EV imports. Consequently, these government initiatives are expected to significantly increase the demand for replacement two-wheeler tires in Egypt in the coming years, further states the research report, “Egypt Two-Wheeler Tire Market Analysis, 2024.”

Egypt Two-Wheeler Tire Market Segmentation Analysis

Motorcycle to Hold Prominent Share of the Egypt Two-wheeler Tire Market

Based on the vehicle type segment, the market is further bifurcated into, Scooters & Moped and Motorcycles. Among them, Motorcycles are projected to dominate the Egypt Two-wheeler Tire Market throughout the forecast period, driven by factors such as the growing demand for motorcycles from logistics and food delivery firms, as well as the introduction of new motorcycle variants. The demand for motorcycles from logistics & food delivery companies has been steadily increasing in Egypt, primarily due to traffic congestion issues & the need for timely deliveries.

Leading food delivery companies like Talabat, McDonald’s, and Pizza Hut, which rely on motorcycles for swift food delivery services to customers, have further fueled the demand for motorcycles in the country. Consequently, the utilization of motorcycles by logistics and food delivery companies has resulted in a heightened demand for motorcycle tires, driven by tire wear & tear, thereby contributing to the increased market share of motorcycle tires

Replacement to Account Significant Demand in the Market

Based on the demand type segment, the market is further bifurcated into, OEM and Replacement. Off them, the Replacement segment is securing the major share of the market due to factors such as road conditions, climatic variations, and the burgeoning tourism industry. The diverse road conditions prevailing across Egypt, ranging from well-kept urban streets to less-maintained rural pathways, significantly impact the lifespan of tires. Continuous exposure to rough terrains hastens tire deterioration, necessitating frequent replacements. Moreover, Egypt's climate, characterized by scorching summers and mild winters, exerts an influence on tire longevity.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Bridgestone Corporation, Goodyear Tire and Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS, Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Pyramid Tire Co., CEAT, 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 Egypt Two-Wheeler Tire Market?
  3. What key factors would propel and impede the industry across the country?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across the country?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  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?

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