Ethiopia Tire

Ethiopia Tire Market Research Report Forecast: (2021-2026)

By Vehicle Type (Passenger Cars, SUV, Sedan, Hatchback & Bakkies), Light Commercial Vehicles (LCV), Light Trucks, Light Buses, Pickup trucks & Vans), Medium & Heavy Commercial Vehicles (Bus, Truck), T Read more

  • Tire
  • Apr 2022
  • 134
  • TR10238

Market Definition

The tire industry across Ethiopia is witnessing a steady growth rate with the increasing penetration of Chinese tires, owing to their easy availability & affordability. Moreover, in recent years, the government of Ethiopia has demonstrated a growing focus on economic stability and laid out favorable policies to attract foreign investments, i.e., showcasing the establishment of new automakers & tire manufacturers across the country.

Market Insights

The Ethiopia Tire Market is projected to grow at a CAGR of around 4.1% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the mounting government focus on improving the overall economic conditions of the country & its several initiatives toward addressing the declining oil prices and increasing geopolitical tensions. It, in turn, is generating lucrative opportunities for automakers & prominent tire manufacturers to establish manufacturing units across the country and boost the market.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 4.1%
Key Companies Profiled Goodyear Tire & Rubber Co., Pirelli &C. SpA, Continental AG, Michelin, Apollo Tyres Ltd., Sumitomo Rubber Industries Ltd., CEAT Tire Ltd., Maxxis International, Bridgestone Corp., MRF Ltd.
Unit Denominations USD Million/Billion

 

Besides, the active participation of the government & leading players in the market is attracting foreign investments into Ethiopia to set up tire manufacturing facilities, which, in turn, is improving the country's economic scenario. 

Moreover, gradually improving disposable income of the rising population is portraying a swiftly escalating demand for passenger cars & two-wheelers, i.e., augmenting the demand for tires and positively influencing the overall market growth. In addition, increasing demand for low-cost tires and the extensive presence of Chinese tire manufacturers in Ethiopia further project remunerative prospects for the market across the country over the coming years.

Impact of Covid-19 on the Ethiopia Tire Market

The advent of Covid-19 in 2020 had a decelerating effect on most industries across Ethiopia, and the automotive & tire sectors witnessed a catastrophic impact. The government imposed stringent movement restrictions & frequent lockdowns to curb the spread of this dreadful disease and suspended all kinds of operations throughout the country.

As a result, the tire industry witnessed severe disruptions in the supply chain, delays in the deliveries of raw materials & pre-produced tires, and overall reduced demand for tires across the country. Moreover, as the pandemic brought some significant economic fluctuations, which portrayed the growing inclination of the government funding toward addressing the crisis, most people began investing in essential goods only. It, in turn, showcased a reduced demand for passenger cars & tires across Ethiopia.

Consequently, the leading players in the market witnessed significant financial losses amidst the pandemic. Later, the government partially uplifted the limitations that allowed tire manufacturers to resume their production & distribution operations and meet consumer requirements. Besides, numerous companies made a paradigm shift to digital platforms, offering a variety of tires with door-step-delivery & fitting services amidst the crisis, which further promoted the market expansion.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Ethiopia Tire Market
  5. Expert Verbatim-Interview Excerpts of industry experts
  6. Ethiopia Tire Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. Revenues in (USD Billion)
      2. Units Sold in Million
    2. Market Share & Analysis
      1. By Vehicle Type
        1. Passenger Cars
          1. SUV
          2. Sedan
          3. Hatchback & Bakkies
        2. Light Commercial Vehicles (LCV)
          1. Light Trucks
          2. Light Buses
          3. Pickup trucks & Vans
        3. Medium & Heavy Commercial Vehicles
          1. Bus
          2. Truck
        4. Two Wheelers
          1. Moped
          2. Scooters
          3. Motorcycles
        5. Off the Road (OTR)
          1. Earthmoving Equipment
          2. Material Handling Equipment
          3. Industrial & Mining Equipment
      2. By Demand Type
        1. OEM
        2. Replacement
      3. By Type of Tire
        1. Radial
        2. Bias
      4. By Season
        1. All Season
        2. Summer
      5. By Sales Channel
        1. Online
        2. Dealers/ Exclusive Outlets
        3. Others
      6. By Rim Size
        1. Upto 12
        2. 12.1” to 15”
        3. 15.1.” to 18”
        4. 18.1” to 20”
        5. 20.1” to 22.5”
        6. 22.6” to 26”
        7. 26.1” to 35”
        8. 35.1” to 47”
        9. Above 47”
      7. By Price Category
        1. Low
        2. Medium
        3. High
      8. By Company
        1. Market Shares, By Revenue
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Market Attractiveness Index
      1. By Type of Vehicle
      2. By Demand Type
      3. By Type of Tire
      4. By Season
      5. By Sales Channel
      6. By Rim Size
      7. By Price Category
      8. By Country
    4. By Competitors
      1. Total Units Sold
      2. Market Share
  7. Ethiopia Passenger Car Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Sedan
        2. SUV
        3. Hatchbacks & Others
      2. OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Season
      5. By Sales Channel
      6. By Tire Rim Size
      7. By Leading Companies
    3. Passenger Car Tire Market Attractiveness Indexing
      1. By Type of Vehicle
      2. By Season
      3. By Sales Channel
  8. Ethiopia Light Commercial Vehicle Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Light Trucks
        2. Light Buses
        3. Pick-Up Trucks & Vans
      2. OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Season
      5. By Sales Channel
      6. By Tire Rim Size
      7. By Leading Companies
    3. Light Commercial Vehicle Tire Market Attractiveness Indexing
      1. By Type of Vehicle
      2. By Season
      3. By Sales Channel
  9. Ethiopia Medium & Heavy Commercial Vehicle Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Trucks
        2. Bus
      2. OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Season
      5. By Sales Channel
      6. By Tire Rim Size
      7. By Leading Companies
    3. Medium & Heavy Commercial Vehicle Tire Market Attractiveness Indexing
      1. By Type of Vehicle
      2. By Season
      3. By Sales Channel
  10. Ethiopia Two-Wheeler Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Motorcycles
        2. Scooters & Mopeds
      2. OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Season
      5. By Sales Channel
      6. By Tire Rim Size
      7. By Leading Companies
    3. Two-Wheeler Tire Market Attractiveness Indexing
      1. By Type of Vehicle
      2. By Season
      3. By Sales Channel
  11. Ethiopia OTR Vehicle Tire Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Units Sold in Million
      2. Revenues in USD Billion
    2. Market Share & Analysis
      1. By Type of Vehicle
        1. Earth Moving Equipment
        2. Construction & Agricultural Vehicle
        3. Material Handling Equipment
      2. OEM Vs Replacement
      3. By Radial Vs Bias
      4. By Season
      5. By Sales Channel
      6. By Tire Rim Size
      7. By Leading Companies
    3. OTR Vehicle Tire Market Attractiveness Indexing
      1. By Type of Vehicle
      2. By Season
      3. By Sales Channel
  12. Ethiopia Tire Market Value Chain Analysis
    1. Key Stakeholders in Value Chain
    2. Margin at Various Levels
  13. Ethiopia Tire Market Regulations, Policies, Regulation, Product Benchmarks
  14. Ethiopia Tire Market Trends & Insights
  15. Ethiopia Tire Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  16. Ethiopia Tire Market Hotspot & Opportunities
  17.  Ethiopia Tire Market Key Strategic Imperatives for Success & Growth
  18. Ethiopia Tire Market Import & Export Statistics
  19. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Goodyear Tire & Rubber Co.
      2. Pirelli &C. SpA
      3. Continental AG
      4. Michelin
      5. Apollo Tyres Ltd.
      6. Sumitomo Rubber Industries Ltd.
      7. CEAT Tire Ltd.
      8. Maxxis International
      9. Bridgestone Corp.
      10. MRF Ltd.
  20. Disclaimer
Ethiopia Tire Market Segmentation
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