Algeria Tire

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

By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Buses and Trucks, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By Demand Category (OEM and Repl Read more

  • Tire
  • Apr 2022
  • 107
  • TR10202

Market Definition

Algeria is witnessing a rapid expansion in its automotive & tire industries. While it imports a massive amount of tires from other countries, the government is laying out favorable policies for foreign manufacturers to establish their production facilities across the country, which would significantly boost the local production & supply of tires in the coming years.

Market Insights

The Algeria Tire Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2022-27. Most of the market expansion attributes to the improving economic conditions of people & their growing interest in private ownership of vehicles, i.e., portraying a rapidly escalating fleet size of cars and mounting demand for tires across Algeria. 

Besides, growing government focus on infrastructural developments for economic diversification is increasing the need for various medium & heavy and OTR vehicles for different construction & development projects and, in turn, augmenting the production & sales of tires. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 6%
Region Covered East, West, South, North
Key Companies Profiled

Continental, Bridgestone, Pirelli, Yokohama, Double Coin, Triangle Tire, Toyo, Hangzohu Zhongce, Shandong Linglong, Qingdao Doublestar Rubber

Unit Denominations USD Million/Billion

 

In addition, since the automotive sector of Algeria is the second-largest in the African region, the government is laying out favorable policies to attract foreign investments for the establishment of tire manufacturing facilities in the country and increase local supply capacities. 

It, in turn, is also generating growth opportunities for the leading players to increase the production, import, & distribution capacities to meet the rapidly rising end-user requirements for tires in Algeria and drive the market through 2027.

Impact of Covid-19 on the Algeria Tire Market

The Tire Market in Algeria underwent a significant impact from the Covid-19 pandemic in 2020, which introduced several unprecedented challenges for the leading players operating in the industry. While the spread of this dreadful disease was growing exponentially, the government imposed lockdowns & stringent movement restrictions and suspended all industrial operations. As a result, tire manufacturers faced massive financial losses as the pandemic affected the supply chain, brought a shortage of raw materials, delays in the deliveries & production of tires, & fluctuations in the prices of raw materials & tires.

As a result, tire manufacturers made a paradigm shift to online platforms to sell their products via e-commerce websites & provide customers with door-step delivery & installation services. Later, as the Covid-19 cases gradually took the pace of decline, the government uplifted the restrictions & allowed the recommencement of business operations, which enabled the market players to resume their usual operations and cater to the end-user requirements for tires.

Market Segmentation

Based on the Type of Tire:

  • Radial 
  • Bias

Of both, Radial tires outpaced the sales of Bias tires in the Algeria Tire Market in recent years and are anticipated to continue the same trend during 2022-27. It attributes principally to the rapidly escalating passenger car fleet entwined with the growing demand for light commercial vehicles for various local & commercial applications across the country.

Radial tires offer numerous benefits like greater flexibility, lower rolling resistance, better fuel efficiency, and enhanced stability. As more and more vehicle owners are becoming aware of these advantages, it is driving the demand for radial tires and fueling the overall market growth.  

Based on the Demand Category:

  • OEM
  • Aftermarket

Here, OEMs (Original Equipment Manufacturers) are anticipated to demonstrate considerable market growth through 2027, principally due to the extensive presence of prominent tire manufacturers & automakers in Algeria, coupled with their mounting focus on producing & delivering tires with exceptional features & performance.

On the other hand, aftermarket tires are projected to dominate the market with the largest share in the coming years, owing to their increasing imports from countries like China, Japan, & Germany, i.e., portraying the extensive availability of tires of different brands & budgets. Besides, growing awareness among vehicle owners about the importance of timely inspection & maintenance of tires to ensure utmost safety & enhanced driving experience is leading to frequent tire replacements, thereby driving aftermarket sales and fueling the overall growth of the tire market in Algeria.

Based on Sales Channel:

  • Dealer/Distributor
  • Online

Here, online sales channels are swiftly gaining traction across Algeria, especially in urban areas. It is principally due to the growing awareness among people about their benefits like the extensive availability of tires of different brands, budgets, & features, coupled with various discounts & offers and door-step deliveries & installation. Moreover, the advent of Covid-19 in 2020, which introduced lockdowns & movement restrictions across the country, has also promoted tire sales through online channels and contributed to the overall market growth amidst the crisis.

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 Algeria Tire Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Algeria Tire Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Algeria Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Algeria Tire Market study?

Frequently Asked Questions

A. The Algeria Tire Market is projected to grow at a CAGR of around 6% during 2022-27.

A. The growing consumer awareness about the importance of timely repairs & replacements of tires to ensure superior safety for both passengers & vehicle are projected to drive the Algeria Tire Market through 2027.

A. The increasing requirements for commercial vehicles owing to rapid infrastructural developments, coupled with favorable government policies for foreign investors to establish tire production units in the country, is the key trend in the Algeria Tire Market.

A. Radial tires are anticipated to provide remunerative opportunities to the leading players in the Algeria Tire Market over the forecast years.

1. Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2. Executive Summary

3. Experts Verbatim-What our experts say?

4. Algeria Tire Market Voice of Customer

4.1.   Brand Awareness

4.2.   End User Expectations

4.3.   Key Factors Impacting Vendor Selection

4.4.   Key Issues Encountered

4.5.   Vendor’s Receptiveness to Address Key Customer Issues

4.6.   Future Requirements

5. Algeria Tire Market Analysis, 2017- 2027

5.1.   Market Size & Analysis

5.1.1. Market Revenue

5.1.2. Units Sold

5.2.   Market Share & Analysis

5.2.1. By Type of Vehicles

5.2.1.1.  Passenger Car

5.2.1.2.  Light Commercial Vehicle

5.2.1.3.  Medium and Heavy Commercial Vehicles

5.2.1.4.  Off the Road (OTR)

5.2.1.5.  Two Wheelers

5.2.1.6.  Three Wheeler

5.2.2. By Demand Category

5.2.2.1.  OEM

5.2.2.2.  Aftermarket

5.2.3. By Type of Tire

5.2.3.1.  Radial

5.2.3.2.  Bias

5.2.4. By Sales Channel

5.2.4.1.  Dealer/Distributor

5.2.4.2.  Online

5.2.4.3.  Others

5.2.5. By Season

5.2.5.1.  All season

5.2.5.2.  Summer

5.2.6. By Price Category

5.2.6.1.  Budget

5.2.6.2.  Economy

5.2.6.3.  Premium

5.2.7. By Rim Diameter

5.2.7.1.  Upto 12”

5.2.7.2.  12.1” to 15”

5.2.7.3.  15.1.” to 18”

5.2.7.4.  18.1” to 20”

5.2.7.5.  20.1” to 22.5”

5.2.7.6.  22.6” to 26”

5.2.7.7.  26.1” to 35”

5.2.7.8.  35.1” to 47”

5.2.7.9.  Above 47”

5.2.8. By Region

5.2.8.1.  East

5.2.8.2.  West

5.2.8.3.  North

5.2.8.4.  South

5.2.9. By Company

5.2.9.1.  Revenue Shares

5.2.9.2.  Strategic Factorial Indexing

5.2.9.3.  Competitor Placement in MarkNtel Quadrant

6. Algeria Passenger Car Tire Market Analysis, 2017- 2027

6.1.   Market Size & Analysis

6.1.1. Market Revenue

6.2.   Market Share & Analysis

6.2.1. By Type of Vehicle

6.2.1.1.  Sedan

6.2.1.2.  SUV

6.2.1.3.  Hatchbacks

6.2.1.4.  Others

6.2.2. By Demand Category

6.2.3. By Type of Tire

6.2.4. By Sales Channel

6.2.5. By Season

6.2.6. By Price Category

6.2.7. By Rim Diameter

6.2.8. By Region

7. Algeria Light Commercial Vehicle Tire Market, 2017-2027

7.1.   Market Size & Analysis

7.1.1. Market Revenue

7.2.   Market Share & Analysis

7.2.1. By Type of Vehicle

7.2.1.1.  Light Trucks

7.2.1.2.  Light Buses

7.2.1.3.  Pick-up Trucks and Vans

7.2.2. By Demand Category

7.2.3. By Type of Tire

7.2.4. By Sales Channel

7.2.5. By Season

7.2.6. By Price Category

7.2.7. By Rim Diameter

7.2.8. By Region

8. Algeria Medium Heavy Commercial Vehicle Tire Market, 2017-2027

8.1.   Market Size & Analysis

8.1.1. Market Revenue

8.2.   Market Share & Analysis

8.2.1. By Type of Vehicle

8.2.1.1.  Trucks

8.2.1.2.  Buses

8.2.2. By Demand Category

8.2.3. By Type of Tire

8.2.4. By Sales Channel

8.2.5. By Season

8.2.6. By Price Category

8.2.7. By Rim Diameter

8.2.8. By Region

9. Algeria Two-Wheeler Tire Market, 2017-2027

9.1.   Market Size & Analysis

9.1.1. Market Revenue

9.2.   Market Share & Analysis

9.2.1. By Type of Vehicle

9.2.1.1.  Scooters

9.2.1.2.  Mopeds

9.2.1.3.  Motorcycles

9.2.2. By Demand Category

9.2.3. By Type of Tire

9.2.4. By Sales Channel

9.2.5. By Season

9.2.6. By Price Category

9.2.7. By Rim Diameter

9.2.8. By Region

10. Algeria OTR Vehicle Tire Market, 2017-2027

10.1.Market Size & Analysis

10.1.1.   Market Revenue

10.2.Market Share & Analysis

10.2.1. By Type of Vehicle

10.2.1.1.   Earthmoving Equipment

10.2.1.2.   Construction and Agricultural Vehicles

10.2.1.3.   Material Handling Vehicles

10.2.2.   By Demand Category

10.2.3.   By Type of Tire

10.2.4.   By Sales Channel

10.2.5.   By Season

10.2.6.   By Price Category

10.2.7.   By Rim Diameter

10.2.8.   By Region

11. Algeria Three-Wheeler Vehicle Tire Market, 2017-2027

11.1.Market Size & Analysis

11.1.1.   Market Revenue

11.2.Market Share & Analysis

11.2.1. By Type of Vehicle

11.2.1.1. Passenger Carrier

11.2.1.2. Load Carrier

11.2.2. By Demand Category

11.2.3. By Type of Tire

11.2.4. By Sales Channel

11.2.5. By Season

11.2.6. By Price Category

11.2.7. By Rim Diameter

11.2.8. By Region

12. Algeria Tire Market Policies, Regulations, Product and Services Standards

13. Algeria Tire Market Trends & Insights

14. Algeria Tire Market Dynamics

14.1.Growth Drivers

14.2.Challenges

14.3.Impact Analysis

15. Algeria Tire Market Hotspot & Opportunities

16. Algeria Tire Market Key Strategic Imperatives for Success & Growth

17. Algeria Competition Outlook

17.1.  Competition Matrix

17.1.1. Product and Services Portfolio

17.1.2. Brand Specialization

17.1.3. Target Markets

17.1.4. Target End Users

17.1.5. Research & Development

17.1.6. Strategic Alliances

17.1.7. Strategic Initiatives

17.2.  Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

17.2.1.   Continental

17.2.2.   Bridgestone

17.2.3.   Pirelli

17.2.4.   Yokohama

17.2.5.   Double Coin

17.2.6.   Triangle Tire

17.2.7.   Toyo

17.2.8.   Hangzohu Zhongce

17.2.9.   Shandong Linglong

17.2.10.  Qingdao Doublestar Rubber

18. Disclaimer

Algeria Tire Market Segmentation