Egypt Passenger Car Tire Market Research Report: Forecast (2024-2029)

By Vehicle Type (Sedan, SUV, Hatchback), By Demand Type (OEM, Aftermarket), By Sales Channel (Direct Sales, Multi Brand Stores & Exclusive Outlets, Online), By Tire Type (Radial, Bias), By Tire Size (... ... ias), By Tire Size (Tire Size 1, Tire Size 2, Tire Size 3, Tire Size 4, Tire Size 5), By Price Category (Budget, Economy, Premium), By Season Summer, Winter, All-Season), By Region (East, West), By Company (Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others) Read more

  • Tire
  • Oct 2023
  • 132
  • PDF, Excel, PPT

Market Insights & Analysis: Egypt Passenger Car Tire Market (2024-29):

The Egypt Passenger Car Tire Market is estimated to grow at a CAGR of around 6.23% during the forecast period, i.e., 2024-29. The factors attributing to the growth in the demand for passenger car tires in Egypt are the growing automotive production and increasing usage of ride-hailing taxis. In recent years, there has been a significant rise in the net disposable income of the country's citizens. According to the International Monetary Fund (IMF), in 2022, the Gross Domestic Product (GDP) per capita was approximately USD 4560, an increase of about 10% compared to 2021.

The surge in net disposable income uplifted the purchasing power of the individuals & spurred the sales of the passenger cars in the country. According to the Automotive Market Information Council (AMIC), in 2021, car sales in Egypt reached about 2,15,000, an increase of about 28% compared to 2020. The increasing sales of automobiles consequently drove the sales of passenger car tires in Egypt.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-29
CAGR (2024-2029) 6.23%
Region Covered East, West
Key Companies Profiled Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others
Unit Denominations USD Million/Billion

 

In addition, there has been an increase in the demand for taxis or rental cars in the country. The requirement for these ride-hailing services increased due to the growing inclination of the working population towards using taxis rather than personal or public transport. Additionally, tourists visiting the country also tend to use these taxis to explore different cities & places. The increasing usage of these taxis to travel to numerous leisure & attractions sites and workplaces around the country leads to the deterioration of the car tires. Hence, there is a requirement for frequent tire replacement, which drives the Egypt Passenger Car Tire market.

Moreover, the automotive sector in Egypt contributes significantly to the overall GDP of the country by providing employment to several residents & exporting some of the manufactured or assembled cars to other countries like the UAE, Libya, the UK, and others. Therefore, to uplift the economy, the government of Egypt is increasingly laying out initiatives & plans like the Auto Industry Development Strategy to encourage the setting up of automotive manufacturing units in the country. The setup of these manufacturing units would pose an opportunity for passenger car tire manufacturers like Bridgestone, Pirelli, and others to provide their tires to these OEMs in the forthcoming years.

Egypt Passenger Car Tire Market Research Report (2024-2029) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Egypt Passenger Car Tire Market Trends & Developments
  5. Egypt Passenger Car Tire Market Dynamics
    1. Drivers
    2. Challenges
  6. Egypt Passenger Car Tire Import & Export Analysis
  7. Egypt Passenger Car Tire Market Supply Chain Analysis
  8. Egypt Passenger Car Tire Market Regulations, Policies and Standards
  9. Egypt Passenger Car Tire Hotspot and Opportunities
  10. Egypt Passenger Car Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. Unit Sold (Thousand)
    2. Market Size & Analysis
      1. By Vehicle Type
        1. Sedan- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. SUV- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        3. Hatchback-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      2. By Demand Type
        1. OEM - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. Aftermarket - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      3. By Sales Channel
        1. Direct Sales- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. Multi Brand Stores & Exclusive Outlets- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        3. Online- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      4. By Tire Type
        1. Radial- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. Bias- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      5. By Tire Size
        1. Tire Size 1- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. Tire Size 2- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        3. Tire Size 3-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        4. Tire Size 4-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        5. Tire Size 5-Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      6. By Price Category
        1. Budget- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. Economy- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        3. Premium- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      7. By Season
        1. Summer- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        2. Winter- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
        3. All-Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      8. By Region
        1. East
        2. West
      9. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  11. Egypt Sedan Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. Unit Sold (Thousand)
    2. Market Size & Analysis
      1. By Demand Type - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      2. By Sales Channel- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      3. By Tire Type- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      4. By Tire Size- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      5. By Price Category- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      6. By Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      7. By Region - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
  12. Egypt SUV Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. Unit Sold (Thousand)
    2. Market Size & Analysis
      1. By Demand Type - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      2. By Sales Channel- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      3. By Tire Type- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      4. By Tire Size- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      5. By Price Category- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      6. By Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      7. By Region - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
  13. Egypt Hatchback Tire Market Outlook, 2019-2029F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. Unit Sold (Thousand)
    2. Market Size & Analysis
      1. By Demand Type - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      2. By Sales Channel- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      3. By Tire Type- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      4. By Tire Size- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      5. By Price Category- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      6. By Season- Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
      7. By Region - Market Size & Forecast 2019-2029, Units Sold (Thousand Units)
  14. Competitive Outlook
    1. Company Profiles 
      1. Bridgestone Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Michelin
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Continental AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Pirelli Tyre S.p.A
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Trenco Transport and Engineering Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others.
      6. Goodyear Tire and Rubber Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Falken Tyres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Lassa Tyres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Maxxis Tire
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Yokohama Rubber Company Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  15. 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.

Data Trangulation

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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