Market Research Report

Cameroon Two-Wheeler Tire Market Research Report: Forecast (2024-2030)

Cameroon Two-Wheeler Tire Market Report - By Vehicle Type (Scooter & Moped, Motorcycle), By Demand Type (OEMs, Replacement), By Tire Type (Radial, Bias), By Price Category (Budget ...(Up to USD11), Economy (USD12 to 30), Premium (Above USD30)-Market Size & Forecast 2019-2030, Thousand Units), By Sales Channel (Online, Multi Brand Stores, Exclusive Stores), By Tire Size (3.00 X 17, 2.75 X 17, 2.75-18, 100/90 X 17, Others (100/90-16,120/80-17, etc.)), and Others Read more

  • Tire
  • Apr 2024
  • 96
  • PDF, Excel, PPT

Market Insights & Analysis: Cameroon Two-Wheeler Tire Market (2024-30):

Cameroon Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 9.08% during the forecast period, i.e., 2024-30. The market's growth is driven by rapid urbanization & population growth, rising unemployment, and growing tourism. In Cameroon, the rise in urbanization and population growth is fueling the need for transportation options that are both cost-effective and efficient. Consequently, two-wheelers have gained popularity as a preferred mode of transport owing to their capacity to maneuver through congested urban roads and their comparatively lower cost when compared with four-wheeled vehicles. The growing preference for two-wheelers in urban areas is driving the expansion of Cameroon's two-wheeler tire market, primarily due to the increased wear and tear experienced on challenging urban roads, necessitating tire replacements.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 9.08%
Key Companies Profiled Bridgestone Corporation, Goodyear Tire and Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Kenda Tires, and Others 
Unit Denominations USD Million/Billion

 

Moreover, Cameroon has witnessed a growing number of tourist arrivals in recent years, according to the World Bank, international tourist arrivals have reached around 1.02 million in 2022, up from about 0.9 million in 2021. This rising influx of tourists to the country is projected to boost demand for rental two-wheelers to explore the country's attractions independently. This would in turn increase the adoption of tires by rental companies to regularly maintain and replace tires to ensure safety and reliability for their customers, thereby augmenting the size & volume of the Cameroon Two-Wheeler Tire Market during the forecast period.


Cameroon Two-Wheeler Tire Market Research Report: Forecast (2024-2030)

Cameroon Two-Wheeler Tire Market Driver:

High Unemployment Rate Increasing the Sales of Two-Wheelers – Growing levels of unemployment in Cameroon push individuals towards entrepreneurial endeavors and participation in the informal economy. According to the World Bank, the unemployment rate among the youth population has risen to around 7.1% in 2021 from around 6.4% in 2019. Owing to the high unemployment rate, individuals turn to activities such as motorcycle taxis, courier services, and small-scale businesses for income generation. As a result, there is a growing demand for two-wheelers to support these informal economic activities. This increased usage of motorcycles & scooters directly drives the demand for tires in the market.

In addition, unemployment fuels the growth of the informal economy, which heavily relies on efficient transportation for activities such as street vending, delivery services, and artisanal trades. Two-wheelers play a key role in facilitating mobility within the informal economy, enabling individuals to reach customers & job sites efficiently. The expansion of informal economy services leads to increased sales of two-wheelers and, subsequently, tires across the market.

Moreover, the introduction of motorcycle taxis, which are commonly called boda-bodas, has become a prominent mode of transportation, particularly in urban and peri-urban areas. Consequently, unemployed individuals turn to motorcycle taxi services as a means of generating income across the region. Therefore, the proliferation of motorcycle taxis significantly contributes to the overall sales of motorcycles, which positively generates the demand for tires.

Cameroon Two-Wheeler Tire Market Opportunity:

Growing E-Commerce Sector to Offer Enough Space for Growth & Expansion – E-commerce is emerging in Cameroon due to government initiatives like a national e-commerce strategy and advances in mobile payment technology. Further, under Cameroon’s long-term Vision 2035, the development of ICTs has been set as a strategic priority. The country hopes to become an emerging digital economy by 2035, further boosting e-commerce in the coming years. As e-commerce grows in Cameroon, there would be a proliferation of last-mile delivery services, courier services, etc., to fulfill orders and reach customers. Consequently, the demand for two-wheelers is projected to increase for navigating through urban areas quickly and accessing locations that may be challenging for larger vehicles.

This anticipated growth in the utilization of two-wheelers is expected to drive the demand for two-wheeler tires in the coming years. As two-wheelers are extensively used for transportation and delivery purposes, tires will experience gradual tread degradation and wear and tear, necessitating regular replacement to ensure optimal performance and safety.

Cameroon Two-Wheeler Tire Market Challenge:

Low Import Duty on Used & Retreated Tires to Impede Market Growth – In Cameroon, there is a disparity in the duties levied on imported tires, where used tires face lower duties compared to new ones. This discrepancy arises from a recent decision made by the Finance Ministry in 2019. According to this decision, the taxable value (cost-insurance-freight) for new tires is set at USD 16,667 per 20 ft container and USD 36,667 per 40 ft container. Conversely, the taxable value for used tires is USD 10,000 per 20 ft container and USD 20,000 per 40 ft container. The reduced duties on used tires have led to their availability at lower prices compared to new tires, rendering them more appealing to consumers seeking cost-effective options. Consequently, this dynamic has impacted the market share of new two-wheeler tires, particularly among price-sensitive buyers.

Additionally, the availability of cheaper used tires may influence consumer preferences, leading to a shift in demand away from new tires. Consumers may prioritize affordability over factors such as quality and longevity, particularly in a market where purchasing power is limited. This shift could potentially hinder market expansion in the upcoming years.

Cameroon Two-Wheeler Tire Market Trend:

Ride-Hailing Platforms Gaining Traction – Cameroon is facing increasing traffic congestion issues due to poor road infrastructure. These traffic jams devour nearly half of the daily commute time of individuals. As a result, individuals residing in cities like Yaoundé, Douala, etc., leave early for work and prefer to use bike taxis for daily commuting purposes. Thus, these cities are emerging as hotbeds for ride-hailing app usage. The high usage of bike taxis in the country is resulting in wear and tear of the tires, enhancing the requirement for replacement at frequent intervals. Moreover, the growing demand for ride-hailing motorcycle taxis is also leading companies, such as Yango, OnGo, Gozem, etc., to expand their motorcycle fleets.

  • In 2022, Gozem, a raid-hailing service platform, announced the launch of its taxi-booking service in Douala, Cameroon.

With the expansion of multiple ride-hailing companies, there would be a growing reliance on motorbikes and scooters for transportation in the coming years. These ride-hailing platforms utilize fleets of two-wheelers to provide convenient and affordable mobility solutions to urban residents. As more users opt for these convenient transportation options, there is an increased demand for maintenance and replacement of tires on the motorbikes used by these platforms, contributing to the growth & development of the Cameroon Two-Wheeler Tire Market during the forecast period.

 Cameroon Two-Wheeler Tire Market (2024-30): Segmentation Analysis

Cameroon Two-Wheeler Tire Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the national level. According to the analysis, the market has been further classified as:

Based on Vehicle Type:

  • Scooter & Moped
  • Motorcycles

The scooter & moped segment holds a significant share of the Cameroon Two-Wheeler Tire Market and is anticipated to be in the same trend during the forecast period. These vehicles are popular choices for urban commuting due to their compact size, fuel efficiency, and maneuverability in congested city streets. As urbanization rates continue to rise in Cameroon, the demand for scooters and mopeds is expected to increase further. Although quick delivery providers such as Uber Eat, etc., in Cameroon are still opting for mopeds and scooters, which is a key factor driving their sales in the country. As delivery services rely heavily on two-wheelers for their operations, there is a constant need to maintain and replace tires due to the high mileage and intensive usage they endure.

Moreover, the rise of ride-sharing and delivery services in urban locales has heightened the demand for scooters and mopeds. As these services increasingly embrace scooters and mopeds, the need for tire replacement remains constant, driven by their accelerated wear and tear stemming from extensive usage and high mileage.

Based on Price Category:

  • Budget (Up to USD 11)
  • Economy (USD 12 to 30)
  • Premium (Above USD 30)

The demand for budget two-wheeler tires in Cameroon is notable, driven by several factors such as affordability, increased use for commercial purposes, the presence of an informal economy, etc. Affordability is a key consideration for many consumers in the country, particularly those with limited purchasing power. Budget tires offer a cost-effective solution for individuals seeking reliable tire options without breaking the bank. Moreover, the presence of a significant informal economy in Cameroon, where many individuals rely on motorcycles for their livelihoods, fuels the demand for budget two-wheeler tires. Entrepreneurs operating small-scale businesses such as motorcycle taxis or delivery services prioritize cost-effective tire options to minimize operational expenses and maximize profitability.

Additionally, the proliferation of motorcycles and scooters, which are popular modes of transportation in Cameroon, contributes to the demand for budget tires. As these vehicles are widely used for commuting and commercial purposes, there is a continuous need for affordable tire replacements to ensure vehicle safety and performance, contributing to the growth of budget tire share in the market.  

Gain a Competitive Edge with Our Cameroon Two-Wheeler Tire Market Report

  1. Cameroon Two-Wheeler Tire Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Cameroon Two-Wheeler Tire Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Cameroon Two-Wheeler Tire Market is expected to grow at a compound annual growth rate (CAGR) of around 9.08% over the forecast period.

   A. The high unemployment rate is a prominent factor expected to drive the Cameroon Two-Wheeler Tire Market during the forecast period.

   A. Bridgestone Corporation, Goodyear Tire and Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Kenda Tires, and Others are the top companies in the Cameroon Two-Wheeler Tire Market.

   A. The motorcycle segment held the largest share of the Cameroon Two-Wheeler Tire Market.

   A. Increasing popularity of the ride-hailing platforms is the key trend shaping the growth of the Cameroon Two-Wheeler Tire Market.

   A. The growing E-commerce sector is one of the growth opportunities driving the Cameroon Two Wheeler Tire Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Cameroon Two-Wheeler Tire Import-Export Analysis, 2019-2023
  5. Cameroon Two-Wheeler Tire Market Supply Chain Analysis
  6. Cameroon Two-Wheeler Tire Market Trends & Developments
  7. Cameroon Two-Wheeler Tire Market Dynamics
    1. Drivers
    2. Challenges
  8. Cameroon Two-Wheeler Tire Market Hotspot & Opportunities
  9. Cameroon Two-Wheeler Tire Market Regulations and Policy 
  10. Cameroon Two-Wheeler Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Size & Analysis
      1. By Vehicle Type
        1. Scooter & Moped- Market Size & Forecast 2019-2030, Thousand Units
        2. Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
      2. By Demand Type
        1. OEMs- 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 Price Category
        1. Budget (Up to USD11)- Market Size & Forecast 2019-2030, Thousand Units
        2. Economy (USD12 to 30)- Market Size & Forecast 2019-2030, Thousand Units
        3. Premium (Above USD30)-Market Size & Forecast 2019-2030, Thousand Units
      5. By Sales Channel
        1. Online- Market Size & Forecast 2019-2030, Thousand Units
        2. Multi Brand Stores - Market Size & Forecast 2019-2030, Thousand Units
        3. Exclusive Stores - Market Size & Forecast 2019-2030, Thousand Units
      6. By Tire Size
        1. 3.00 X 17 - Market Size & Forecast 2019-2030, Thousand Units
        2. 2.75 X 17 - Market Size & Forecast 2019-2030, Thousand Units
        3. 2.75-18 - Market Size & Forecast 2019-2030, Thousand Units
        4. 100/90 X 17 - Market Size & Forecast 2019-2030, Thousand Units
        5. Others (100/90-16,120/80-17, etc.) - Market Size & Forecast 2019-2030, Thousand Units
      7. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  11. Cameroon Scooter & Moped Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Vehicle Type
        1. ICE
          1. Up to 100cc- Market Size & Forecast 2019-2030, Thousand Units
          2. 101cc to 125cc- Market Size & Forecast 2019-2030, Thousand Units
          3. 126cc to 150cc- Market Size & Forecast 2019-2030, Thousand Units
          4. Above 150cc- Market Size & Forecast 2019-2030, Thousand Units
        2. Electric- 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 Price Category- Market Size & Forecast 2019-2030, Thousand Units
      5. By Sales Channel- Market Size & Forecast 2019-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2019-2030, Thousand Units
  12. Cameroon Motorcycle Tire Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Vehicle Type
        1. ICE
          1. Up to 100cc- Market Size & Forecast 2019-2030, Thousand Units
          2. 101cc to 125cc- Market Size & Forecast 2019-2030, Thousand Units
          3. 126cc to 150cc- Market Size & Forecast 2019-2030, Thousand Units
          4. Above 150cc- Market Size & Forecast 2019-2030, Thousand Units
        2. Electric- 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 Price Category- Market Size & Forecast 2019-2030, Thousand Units
      5. By Sales Channel- Market Size & Forecast 2019-2030, Thousand Units
      6. By Tire Size- Market Size & Forecast 2019-2030, Thousand Units
  13. Cameroon Two-Wheeler Tire Industry Key Strategic Imperatives for Growth & Success
  14. Competition Outlook
    1. Company Profiles
      1. Bridgestone Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Goodyear Tire and Rubber Company(Dunlop)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Michelin
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Continental AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Yokohama TWS (Mitas)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Pirelli Tyre S.p.A
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Metzeler
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Shinko Tyres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Kenda Tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Others
  15. Disclaimer


Cameroon Two-Wheeler Tire Market