Africa Tire

Africa Tire Market Research Report Forecast: (2022-2027)

By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler, OTR), By Demand Category (OEM Vs Replacement), By Tire Type (Radial Vs Bias), Read more

  • Tire
  • Apr 2022
  • 182
  • TR10201

Market Definition

The tire industry in Africa is expansive & full of opportunities, especially across countries like South Africa, Algeria, Egypt, & Nigeria, among others, with a massive automotive sector. A steady rise in new registration of vehicles and growing cross-border trade agreements project lucrative growth prospects for the Africa Tire Market in the coming years.

Market Insights

The Africa Tire Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2022-27. The growth of the market would be fueled primarily by the rapidly increasing vehicle fleet across different countries in Africa, owing to the burgeoning interest of people in private ownership of vehicles. 

With the swift expansion of the cross-border trade of tires entwined with the growing prevalence of Chinese & budget tires across Africa, the overall availability of tires has improved significantly, with an extensive range to choose from for vehicle owners. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 5.5%
Country Covered Nigeria, Algeria, South Africa, Egypt, Morocco, Ethiopia, Angola, Libya, Kenya, Zimbabwe, Sudan, Eritrea, Somalia, Djibouti, Morocco, Tanzania, Ghana, Tunisia
Key Companies Profiled Michelin, Bridgestone, Continental, Goodyear, Triangle, Pirelli, Sumitomo, Others
Unit Denominations USD Million/Billion

 

Moreover, the growing government focus on infrastructural developments has led to various ongoing & upcoming construction projects, coupled with a propelling need for commercial vehicles, i.e., facilitating the massive production & sales of OTR tires across the region. 

In addition, since Africa lacks manufacturing facilities, it principally fulfills the tire requirements by importing them from different countries. As a result, governments are laying favorable policies for foreign tire brands to establish their production units and expand the local tire production across the region, which, in turn, is citing remunerative growth prospects for the tire market through 2027.

Impact of Covid-19 on the Africa Tire Market

The emergence of Covid-19 in 2020 had a catastrophic impact on the Africa Tire Market. As governments of different regional countries imposed lockdowns & stringent movement restrictions to curb the virus spread, challenges like shortage of raw materials, delays in deliveries & production, and price fluctuations resulted in significant revenue losses for the leading market players.

Such situations compelled tire manufacturers to adopt online platforms to sell tires via e-commerce websites & provide door-step delivery & installation services to their customers in order to sustain themselves in the market amidst the crisis. Later, with a gradual decline in Covid-19 cases, restrictions were uplifted, which enabled the leading players in the Africa Tire Market to resume their usual business operations and cater to varied consumer requirements.

Market Segmentation

Based on the Vehicle Type:

  • Two-Wheelers
  • Three-Wheelers
  • Passenger Cars
  • Light Commercial Vehicles (LCV)
  • Medium & Heavy Commercial Vehicles (M&HCV)
  • Off the Road (OTR) Vehicles

Amongst them all, passenger cars are projected to dominate the Africa Tire Market with the largest share during 2022-27. It attributes principally to improved living standards of people & their mounting inclination toward private vehicle ownership for their daily commute, i.e., portraying a rapid surge in the vehicle fleet and, consequently, tire production & sales. Besides, the growing adoption of second-hand cars, especially by the cost-sensitive & middle-class population across different regional countries, is also driving the tire industry for passenger cars in Africa.

Moreover, the increasing penetration of taxi/cab services is another prominent aspect promulgating the adoption of passenger cars for commercial applications and, as a result, promoting tire sales. Furthermore, the growing government focus on improving road connectivity shall further boost the sales of passenger cars and, in turn, positively influence the tire industry in Africa over the coming years. 

Based on the Demand Category:

  • OEMs
  • Aftermarkets

Of two, the aftermarket is anticipated to dominate the Africa Tire Market with the largest share during 2022-27. It attributes principally to the growing number of vehicle owners & mounting awareness among them about the benefits of aftermarket tires, such as easy availability, extensive options, different budgets, etc. Besides, the increasing awareness among vehicle owners about the timely inspection of tire conditions, i.e., leading to frequent tire replacements, is another aspect propelling the sales of aftermarket tires, which, in turn, project a pool of profitable opportunities for the overall market growth through 2027.

Country Landscape

Geographically, the Africa Tire Market expands across:

  • Nigeria
  • Algeria
  • Egypt
  • Morocco
  • South Africa
  • Ethiopia
  • Others (Angola, Libya, etc.)

Amongst all countries across Africa, South Africa is anticipated to dominate the market with the largest share during 2022-27. The increasing trade agreements are aiding South Africa in establishing itself as an innovative tire production hub across Africa. Besides, APDP (Automotive Production & Development Program) launched by South Africa is another prominent aspect projected to expand its tire industry in the coming years.

Moreover, various ongoing & upcoming construction projects, coupled with the rapidly expanding transportation & logistics sectors, are infusing the need for commercial vehicles & positively influencing the demand for tires for better operational efficiency & safer driving. Hence, these aspects project lucrative prospects for the tire market in South Africa during the forecast period.

On the other hand, countries like Algeria are likely to significantly contribute to the overall expansion of the tire industry in Africa over the forecast years, owing to the shift of tire manufacturers toward online platforms to sell tires via e-commerce websites.

Besides, since the automotive sector is a prominent pillar of Egypt's economy, the government is bringing favorable policies to attract foreign investments toward establishing automobile & tire manufacturing facilities across the country & bolster the overall growth of the tire market through 2027.

Nonetheless, Nigeria is portraying a swiftly escalating demand for second-hand cars, i.e., leading to increased aftermarket sales owing to frequent tire replacements and, in turn, propelling the tire market growth across the country.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Africa Tire Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Africa Tire Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Africa Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Africa Tire Market study?

Frequently Asked Questions

A. The Africa Tire Market is projected to grow at a CAGR of around 5.5% during 2022-27.

A. The rapidly increasing fleet size of both new & second-hand vehicles is the prime aspect projected to drive the Africa Tire Market through 2027.

A. Passenger cars would continue driving lucrative opportunities for the leading players in the Africa Tire Market over the forecast years.

  1. Introduction
    1. Research Process
    2. Product Overview
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Africa Tire Production Overview
  4. Africa Tire Market Analysis, 2017-2027
    1. Market Size & Analysis
      1. Market Revenues
      2. Units Sold
    2. Market Share & Analysis
      1. By Vehicle Type
        1. Passenger Car
        2. Light Commercial Vehicle (LCV)
        3. Medium and Heavy Commercial Vehicle (M&HCV)
        4. Two-Wheeler
        5. Three-Wheeler
        6. Off Road Tire (OTR)
      2. By Demand Category
        1. OEMs
        2. Aftermarket
      3. By Tire Type
        1. Radial
        2. Bias
      4. By Sales Channel
        1. Direct Sales
        2. Online
        3. Channel Partners
      5. By Season
        1. All Season Tires
        2. Winter
        3. Summer Tires
      6. By Rim Size
        1. Up to 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 Country
        1. Nigeria
        2. Algeria
        3. Egypt
        4. Morocco
        5. South Africa
        6. Ethiopia
        7. Angola
        8. Libya
        9. Kenya
        10. Zimbabwe
        11. Sudan
        12. Eritrea
        13. Somalia
        14. Djibouti
        15. Morocco
        16. Tanzania
        17. Ghana
        18. Tunisia
      8. By Leading Companies
        1. Market Share
        2. Strategic Factorial Indexing
        3. Competitors Alignment in Competition Quadrant
    3. Africa Market Attractiveness Indexing
      1. By Vehicle Type
      2. By Demand Category
      3. By Tire Type
      4. By Country
    4. Nigeria Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    5. Algeria Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    6. Egypt Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    7. Morocco Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    8. South Africa Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    9. Ethiopia Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    10. Angola Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    11. Libya Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    12. Kenya Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    13. Zimbabwe Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    14. Sudan Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    15. Eritrea Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    16. Somalia Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    17. Djibouti Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    18. Morocco Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    19. Tanzania Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    20. Ghana Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
    21. Tunisia Tire Market Analysis, 2017-2027
      1. Market Size & Analysis
        1. Market Revenues
        2. Units Sold
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Demand Category
        3. By Tire Type
        4. By Sales Channel
        5. By Season
        6. By Rim Size
  5. Company Profiles
    1. Michelin
    2. Bridgestone
    3. Continental
    4. Goodyear
    5. Triangle
    6. Pirelli
    7. Sumitomo
    8. Hankook and Others
  6. Disclaimer
Africa Tire Market Segmentation