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Botswana Tire Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Botswana Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Impact of COVID-19 on Tire
The Botswana tire market is foreseeing a dual influence amid COVID-19. The COVID-19 has a positive impact in the Botswana tire market due to lockdown imposition which has restricted the movement of the people. Owing to this, the requirement of delivery services has witnessed a sharp surge in its demand from the customer, which has further infused new demand and opportunity for the delivery companies in the country.
Market Opportunities
According to MarkNtel Advisors’ research report “Botswana Tire Market Analysis, 2020”, the Botswana Tire market is anticipated to grow at a considerable CAGR during 2021-26. The summer tires have marked their footprints in the region, however, the all-season tires would continue to maintain their domination through 2026. The passenger car vehicle segment holds the lion’s share in the Botswana tire market, followed by the light commercial vehicles market.
Market Segmentation
Aftermarket is Witnessing a Significant Growth
Aftermarket or replacement tire sales hold more than three-fourth of the regional tire market due to the absence of high dependence of regional automobile market on imports. Increase in tire demand in the region has led to stiff competition among manufacturers to capitalize on the growth potential in the market. However, Chinese and other Asian manufacturers have started to penetrate the market and are gaining traction on the back of price competitiveness as revealed by the MarkNtel Advisors’ research report “Botswana Tire Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Botswana Tire market include Dunlop Tyres, MRF Tires, Apollo Vredestien, Bridgestone Corp., TVS Tires, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Botswana Tire Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Botswana Tire Market during 2021-26?
A. The growth rate of Botswana Tire Market during 2021-26 is forecast to grow at a considerable CAGR.
Q. Who are the key competitors or players operating in Botswana Tire Market?
A Dunlop Tyres, MRF Tires, Apollo Vredestien, Bridgestone Corp., TVS Tires, etc. are few of the leading players in the Botswana Tire Market.
Q. Which type of tire segment would emerge as an opportunity area for players in Botswana Tire Market?
A. Bias segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which type of vehicle would emerge as an opportunity area for players in Botswana Tire Market?
A. Passenger car grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Botswana Tire Market.
