By Vehicle Type (Scooter & Mopeds (By Engine Power (Upto 100cc, 101 cc to 125 cc, 126 cc to 150, cc Above 150 cc), Motorbike (Upto 100cc, 101 cc to 125 cc, 126 cc to 150, cc Above......150 cc), By Installation (OEMs (By Rim Size (10” to 16”, Above 16”), Replacement (By Rim Size (10” to 16”, Above 16”), By Tire Type (Radial, Bias), By Price Category (Budget, Economy, Premium), By Sales Channel (Online, Multibrand Store, Exclusive Store), By Company (MRF, Bridgestone, Maxxis, CEAT, Sumitomo, Apollo, Michelin, Continental, Pirelli, Goodyear etc.) Read more
- Tire
- Apr 2022
- 156
- PDF, Excel, PPT
Market Definition
Ethiopia is undergoing several development projects to attain stability in its economy, owing to which the government is laying out favorable policies for attracting foreign investments in different industries, including the automotive & tire sectors.
As the country has a prominence of two-wheelers due to heavy traffic congestion & affordability of these vehicles, the tire sector is witnessing a steady growth here. In addition to this, since Ethiopia is driven extensively by tire imports, it has a robust presence & popularity of Chinese tires.
Since two-wheeler tires are affordable, easily available, and come in a wide variety to cater to different consumer requirements, the two-wheeler tire industry is expecting a pool of significant growth prospects during 2022-27.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| Key Companies Profiled | MRF, Bridgestone, Maxxis, CEAT, Sumitomo, Apollo, Michelin, Continental, Pirelli, Goodyear etc. |
| Unit Denominations | USD Million/Billion |
Market Insights
The Ethiopia Two-Wheeler Tire Market is projected to register a considerable CAGR during 2022-27. Since Ethiopia is a country that has always been under the influence of geopolitical tensions & absence of favorable policies for industrial developments, the overall economy was previously not in a good state.
Hence, the government is now focusing on addressing such issues and bringing favorable policies & norms that would attract foreign investments across different industrial verticals, including the automotive & tire industry. This aspect is anticipated to create lucrative opportunities for prominent tire manufacturers to establish their manufacturing units and promulgate the two-wheeler tire market over the coming years.
Besides, as the overall economic conditions of people are still undergoing steady improvements, the sales of two-wheelers are rapidly surging across Ethiopia, which, as a result, is positively influencing the demand for two-wheeler tires. Moreover, the growing consumer requirements for easily available & affordable tires for two-wheelers entwined with the dominance of Chinese tires are other prominent factors projected to fuel the growth of the Ethiopia Two-Wheeler Tire Market in the years to come.
Impact of Covid-19 on the Ethiopia Two-Wheeler Tire Market
In 2020, the Covid-19 pandemic had a catastrophic effect on the automotive & tire industry, majorly due to the imposition of stringent movement restrictions & frequent lockdowns by the government to curb the spread of this dreadful disease. The government suspended all business operations throughout the country, which led the market to undergo severe supply chain disruptions, delays in deliveries of raw materials & pre-produced tires, and overall reduced demand for two-wheelers amidst the crisis.
Besides, as the economy was already fluctuating, the advent of the pandemic further demonstrated an increasing public interest in spending only on essential goods. With this, the sales of two-wheelers & their tires observed a massive decline across Ethiopia.
Yet, just when the governments began to uplift the limitations after observing a decline in the number of Covid-19 cases, the leading tire manufacturers in the country resumed their business operations and adopted digital platforms to offer a wide variety of tires, along with door-step-delivery & fitting services.
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Impact of COVID-19 on Ethiopia Two Wheeler Tire Market
- Ethiopia Two Wheeler Tire Market Customer Analysis, 2022-27
- Expectations from Tire Manufacturers in terms of Quality, Pricing, Running Kms. Etc.
- Key Factors Impacting the Purchase Decision
- Ethiopia Two Wheeler Market Outlook, 2017-27
- Volume Sales
- Top Best Selling Two Wheelers in Ethiopia
- Ethiopia Two Wheeler Tire Market Outlook, 2017-27
- Market Size & Analysis
- By Revenues
- By Units Sold
- Market Share & Analysis
- By Vehicle Type
- Scooter & Moped
-
- Upto 100cc
- 101 cc to 125 cc
- 126 cc to 150 cc
- Above 150 cc
-
- Motorbike
- Upto 100cc
- 101cc to 125cc
- 126 cc to 150 cc
- Above 150 cc
- Scooter & Moped
- By Installation
- OEM
- By Rim Size
- 10” to 16”
- Above 16”
- By Rim Size
- Replacement
- By Rim Size
- 10” to 16”
- Above 16”
- Above 15”
- By Rim Size
- OEM
- By Tire Type
- Radial
- Bias
- By Price Category
- Budget
- Economy
- Premium
- By Sales Channel
- Online
- Multi Brand Stores
- Exclusive Outlets
- By Competitor
- Market Volume Share & Approximate Units Sold
- Chinese Vs Non-Chinese
- List of Top Chinese Two-Wheeler Tire Suppliers
- Brand Wise Sales Channel/Modus Operandi
- By Vehicle Type
- Market Size & Analysis
- Ethiopia Two Wheeler Tire Market Top Selling Tire Sizes
- Ethiopia Scooter/Moped Tires Market Outlook, 2017-27
- Market Size & Analysis
- By Revenues
- By Units Sold
- Market Share & Analysis
- OEM Vs Replacement
- Radial Vs Bias
- By Price Category
- By Sales Channel
- By Rim Size
- 10” to 16”
- Above 16
- Market Size & Analysis
- Ethiopia Motorbike Tires Market Outlook, 2017-27
- Market Size & Analysis
- By Revenues
- By Units Sold
- Market Share & Analysis
- OEM Vs Replacement
- Radial Vs Bias
- By Price Category
- By Sales Channel
- By Rim Size
- 10” to 16”
- Above 16”
- Market Size & Analysis
- Ethiopia Two Wheeler Tire Market Dynamics
- Drivers
- Challenges
- Impact Analysis
- Ethiopia Two Wheeler Tire Market Trends & Insights
- Ethiopia Two Wheeler Tire Market Hotspot & Opportunities
- Ethiopia Second Hand Tire Market Vs New Tire Market
- Pricing Analysis (Pricing for Various Tire Sizes for Various Brands)
- Ethiopia Two Wheeler Tire Market Value Chain Analysis
- List of Key Stakeholders in Value Chain & Margin Analysis
- Manufacturer
- Shipper
- Importer
- Customer
- List of Key Stakeholders in Value Chain & Margin Analysis
- Ethiopia Two Wheeler Tire Market Import Export
- Revenues Wise Shipments
- Unit Wise Shipments (Best Effort Based)
- Competitive Outlook
- Competitor Mapping (Benchmarking all players across sales network, sales, offerings etc.)
- Business Description
- Recent Developments
- Strategic Alliances
- Dealers/distributor network
- Contact Details
- Company Profile (Top 10 Companies)
- MRF
- Bridgestone
- Maxxis
- CEAT
- Sumitomo
- Apollo
- Michelin
- Continental
- Pirelli
- Goodyear etc.
- Competitor Mapping (Benchmarking all players across sales network, sales, offerings etc.)
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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