Ethiopia Tire Market Grow at CAGR of 3.48% By 2030- MarkNtel

Ethiopia Tire Market Research Report Forecast: (2024-2030)

By Vehicle Type (Two-wheeler Tire, Passenger Car Tire, Light Commercial Vehicle (LCV) Tire, Medium & Heavy Commercial Vehicle (MHCV) Tire, Off-the-Road Vehicle (OTR) Tire), By Dema......nd Type (OEM, Replacement), By Tire Type (Radial, Bias), By Season (Summer Tires, All Season Tires), By Sales Channel (Direct Sales, Dealer Distributor, Online Platform), By Rim Size (Up to 12”, 12.1” to 15”, 15.1” to 18”, 18” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Price Category (Budget, Economy, Premium), By Region (Oromia, Somali, Tigray, Amhara, Others), By Company (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, and others) Read more

Tire
Nov 2023
Pages 134
Report Format: PDF, Excel, PPT

Market Insights & Analysis: Ethiopia Tire Market (2024-30)

The Ethiopia Tire Market size is valued at around USD 2.08 billion in 2023 and is estimated to grow at a CAGR of about 3.48% during the forecast period, i.e., 2024-30. The market growth is driven primarily by the mounting government focus on improving the overall economic conditions of the country and its several initiatives toward addressing the declining oil prices & 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. 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.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	3.48%
Region Covered	Oromia, Somali, Tigray, Amhara, Others
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, and others
Market Value (2023)	USD 2.08 Billion

The Ethiopian Tire Market benefits from a surging demand for replacement tires, predominantly attributed to the deteriorating state of roads, especially in rural areas. The consistent transportation of goods over challenging terrain has taken a toll on tire quality, driving the need for replacements & contributing to market growth. Additionally, the increasing demand for cost-effective tires is further amplified by the significant presence of Chinese tire manufacturers in Ethiopia.

These factors collectively present lucrative opportunities for market expansion across the country in the coming years. Furthermore, the steadily rising disposable income within the burgeoning population underscores a rapidly increasing demand for passenger cars and two-wheelers. This heightened demand for vehicles, in turn, augments the need for tires & exerts a positive influence on the overall market growth.

Ethiopia Tire Market Research Report (2024-2030) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Ethiopia Tire Market Trends & Developments
Ethiopia Tire Market Dynamics
1. Drivers
2. Challenges
Ethiopia Tire Market Supply Chain Analysis
Ethiopia Tire Market Regulations, Policies & Product Standards
Ethiopia Tire Hotspot & Opportunities
Ethiopia Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Size & Analysis
  1. By Vehicle Type
    1. Two-wheeler Tire- Market Size & Forecast 2019-2030, (Thousand Units)
      1. Moped- Market Size & Forecast 2019-2030, (Thousand Units)
      2. Scooter- Market Size & Forecast 2019-2030, (Thousand Units)
      3. Motorcycles- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Passenger Car Tire- Market Size & Forecast 2019-2030, (Thousand Units)
      1. SUV- Market Size & Forecast 2019-2030, (Thousand Units)
      2. Hatchback- Market Size & Forecast 2019-2030, (Thousand Units)
      3. Sedan- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Light Commercial Vehicle (LCV) Tire -Market Size & Forecast 2019-2030, (Thousand Units)
      1. Light Truck- Market Size & Forecast 2019-2030, (Thousand Units)
      2. Light Bus- Market Size & Forecast 2019-2030, (Thousand Units)
      3. Pick-up Trucks & Vans- Market Size & Forecast 2019-2030, (Thousand Units)
    4. Medium & Heavy Commercial Vehicle (MHCV) Tire -Market Size & Forecast 2019-2030, (Thousand Units)
      1. Bus- Market Size & Forecast 2019-2030, (Thousand Units)
      2. Truck- Market Size & Forecast 2019-2030, (Thousand Units)
    5. Off-the-Road Vehicle (OTR) Tire-Market Size & Forecast 2019-2030, (Thousand Units)
      1. Earthmoving Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
      2. Material Handling Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
      3. Industrial & Mining Equipment-Market Size & Forecast 2019-2030, (Thousand Units)
  2. By Demand Type
    1. OEM - Market Size & Forecast 2019-2030, (Thousand Units)
    2. Replacement - Market Size & Forecast 2019-2030, (Thousand Units)
  3. By Tire Type
    1. Radial- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Bias - Market Size & Forecast 2019-2030, (Thousand Units)
  4. By Season
    1. Summer Tires- Market Size & Forecast 2019-2030, (Thousand Units)
    2. All Season Tires- Market Size & Forecast 2019-2030, (Thousand Units)
  5. By Sales Channel
    1. Direct Sales- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Dealer Distributor - Market Size & Forecast 2019-2030, (Thousand Units)
    3. Online Platform- Market Size & Forecast 2019-2030, (Thousand Units)
  6. By Rim Size
    1. Up to 12” - Market Size & Forecast 2019-2030, (Thousand Units)
    2. 12.1” to 15” - Market Size & Forecast 2019-2030, (Thousand Units)
    3. 15.1” to 18” - Market Size & Forecast 2019-2030, (Thousand Units)
    4. 18” to 22.5” - Market Size & Forecast 2019-2030, (Thousand Units)
    5. 22.6” to 26” - Market Size & Forecast 2019-2030, (Thousand Units)
    6. 26.1” to 35” - Market Size & Forecast 2019-2030, (Thousand Units)
    7. 35.1” to 47” - Market Size & Forecast 2019-2030, (Thousand Units)
    8. Above 47” - Market Size & Forecast 2019-2030, (Thousand Units)
  7. By Price Category
    1. Budget- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Economy- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Premium- Market Size & Forecast 2019-2030, (Thousand Units)
  8. By Region
    1. Oromia- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Somali- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Tigray- Market Size & Forecast 2019-2030, (Thousand Units)
    4. Amhara- Market Size & Forecast 2019-2030, (Thousand Units)
    5. Others- Market Size & Forecast 2019-2030, (Thousand Units)
  9. By Competition
    1. Competition Characteristics
    2. Market Share Analysis
Two-wheeler Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2019-2030, (Thousand Units)
    1. Moped- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Scooter- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Motorcycles- Market Size & Forecast 2019-2030, (Thousand Units)
  2. By Demand Type- Market Size & Forecast 2019-2030, (Thousand Units)
  3. By Tire Type- Market Size & Forecast 2019-2030, (Thousand Units)
  4. By Season Type- Market Size & Forecast 2019-2030, (Thousand Units)
  5. By Sales Channel- Market Size & Forecast 2019-2030, (Thousand Units)
  6. By Rim Size- Market Size & Forecast 2019-2030, (Thousand Units)
  7. By Price Category- Market Size & Forecast 2019-2030, (Thousand Units)
Passenger Car Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2019-2030, (Thousand Units)
    1. SUV- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Hatchback- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Sedan- Market Size & Forecast 2019-2030, (Thousand Units)
  2. By Demand Type- Market Size & Forecast 2019-2030, (Thousand Units)
  3. By Tire Type- Market Size & Forecast 2019-2030, (Thousand Units)
  4. By Season Type- Market Size & Forecast 2019-2030, (Thousand Units)
  5. By Sales Channel- Market Size & Forecast 2019-2030, (Thousand Units)
  6. By Rim Size- Market Size & Forecast 2019-2030, (Thousand Units)
  7. By Price Category- Market Size & Forecast 2019-2030, (Thousand Units)
  8. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
Light Commercial Vehicle Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2019-2030, (Thousand Units)
    1. Light Truck- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Light Bus- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Pick-up Trucks & Vans- Market Size & Forecast 2019-2030, (Thousand Units)
  2. By Demand Type- Market Size & Forecast 2019-2030, (Thousand Units)
  3. By Tire Type- Market Size & Forecast 2019-2030, Thousand Units
  4. By Season Type- Market Size & Forecast 2019-2030, (Thousand Units)
  5. By Sales Channel- Market Size & Forecast 2019-2030, (Thousand Units)
  6. By Rim Size- Market Size & Forecast 2019-2030, (Thousand Units)
  7. By Price Category- Market Size & Forecast 2019-2030, (Thousand Units)
The Medium & Heavy Commercial Vehicle Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2019-2030, (Thousand Units)
    1. Bus - Market Size & Forecast 2019-2030, (Thousand Units)
    2. Truck- Market Size & Forecast 2019-2030, (Thousand Units)
  2. By Demand Type- Market Size & Forecast 2019-2030, (Thousand Units)
  3. By Tire Type- Market Size & Forecast 2019-2030, (Thousand Units)
  4. By Season Type- Market Size & Forecast 2019-2030, (Thousand Units)
  5. By Sales Channel- Market Size & Forecast 2019-2030, (Thousand Units)
  6. By Rim Size- Market Size & Forecast 2019-2030, (Thousand Units)
  7. By Price Category- Market Size & Forecast 2019-2030, (Thousand Units)
Asia-Pacific Tire Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Unit Sold (Thousand Units)
2. Market Share & Analysis
  1. By Vehicle Type- Market Size & Forecast 2019-2030, (Thousand Units)
    1. Earth Moving Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
    2. Construction & Agriculture Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
    3. Material Handling Equipment- Market Size & Forecast 2019-2030, (Thousand Units)
  2. By Demand Type- Market Size & Forecast 2019-2030, (Thousand Units)
  3. By Tire Type- Market Size & Forecast 2019-2030, (Thousand Units)
  4. By Season Type- Market Size & Forecast 2019-2030, (Thousand Units)
  5. By Sales Channel- Market Size & Forecast 2019-2030, (Thousand Units)
  6. By Rim Size- Market Size & Forecast 2019-2030, (Thousand Units)
  7. By Price Category- Market Size & Forecast 2019-2030, (Thousand Units)
Ethiopia Tire Market Key Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Bridgestone Corporation
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Continental AG
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Maxxis International
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Michelin
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Goodyear Tire & Rubber Co.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Pirelli & C. S.P.A.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Sumitomo Rubber Industries, Ltd.
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. MRF Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. CEAT Limited
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Apollo Tires Ltd
    1. Business Description
    2. Type Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
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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