Market Research Report

Egypt Two-wheeler Tire Market Research Report: Forecast (2024-2030)

Egypt Two-wheeler Tire Market Report - By Vehicle Type (Scooter and 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), By Sales Channel (Online, Multi Brand Stores, Exclusive Outlets, Direct Sales), By Tire Size (120/70-14, 80/100-17, 100/90-17 , 2.90/90-12, 3.00 -18, Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 - 17 etc.) Read more

  • Tire
  • Apr 2024
  • 136
  • PDF, Excel, PPT

Market Insights & Analysis: Egypt Two-wheeler Tire Market (2024-30):

The Egypt Two-wheeler Tire Market is estimated to grow at a CAGR of around 8.37% during the forecast period, i.e., 2024-30. The market growth is driven by the high usage of two-wheelers for commercial purposes, rapid urbanization, the growing transition towards e-mobility, etc. In Egypt, there has been a growing usage of two-wheelers for business purposes, including last-mile delivery services. Moreover, the rising internet penetration rate in the country is leading to the growth of the e-commerce sector in Egypt. Some prominent e-commerce players actively using two-wheelers for business operations in Egypt are Rabbit Express, Freshsquare, etc.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 8.37%
Region Covered Cairo, Dakahlia, Gaza, Alexandria, Others
Key Companies Profiled Bridgestone Corporation, Goodyear Tire and Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS, Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Pyramid Tire Co., CEAT, and Others 
Unit Denominations USD Million/Billion

 

Furthermore, the rapid urbanization in cities like Cairo, Alexandria, and Giza has led to a surge in the demand for transportation solutions. Also, with limited road space & worsening traffic congestion, two-wheelers offer a practical & efficient mode of commuting, driving the demand for tires in these regions. Simultaneously, the transition towards e-mobility for personal use is emerging as an opportunity, area for improving the sales of two-wheeler tires across the country. For instance:

  • In 2021, the Egypt government announced that it would offer subsidies of up to USD 2,500 approximately on the purchase of locally manufactured EVs, encouraging individuals & end-users to gradually shift towards electric two-wheelers.

Egypt Two-wheeler Tire Market Research Report: Forecast (2024-2030)

Therefore, owing to this, several end-users of two-wheelers, such as delivery & logistics companies, are shifting towards a dedicated electric fleet to get tax exemption on the import of EVs. Thus, these initiatives taken up by the government would surge the need for Two-wheeler tires in Egypt for replacement purposes in the upcoming years.

Egypt Two-wheeler Tire Market Driver:

Expanding Ride-hailing Services to Boost the Market Growth – The surge in traffic congestion, coupled with the growing internet penetration and smartphone usage, is driving the adoption of ride-hailing services across Egypt. Urban centers like Cairo, Alexandria, and Giza are particularly affected by increasing congestion due to urbanization. In response, residents are turning to two-wheelers as a practical solution for navigating crowded streets.

In response to the challenges posed by heightened traffic congestion, residents in these cities are increasingly adopting two-wheelers as a practical and efficient means of navigating through congested urban environments. The demand for two-wheeler ride-hailing services has consequently witnessed a notable increase. Thus, cities like Alexandria, Cairo, Giza, etc., are emerging as hotbeds for ride-hailing app usage. The high usage of bike taxis in the region is resulting in wear & tear of the tire, enhancing the requirement for replacement at frequent time intervals, thereby propelling the Egypt Two-wheeler Tire Market Size.

Egypt Two-wheeler Tire Market Opportunity:

Growth of the Middle Class Population & Economic Expansion Present an Opportunity for the Market –Egypt has witnessed a remarkable threefold increase in its middle-class population, elevating one in every three individuals above the poverty line. This demographic shift is reshaping consumer patterns & providing lucrative opportunities for the Two-wheeler Tire Market across the region. Besides, with a burgeoning middle class, there is a notable increase in disposable income. This rise in purchasing power authorizes more individuals to consider personal modes of transportation, such as motorbikes & mopeds, contributing to a heightened demand for two-wheeler tires.

Additionally, Egypt's Vision 2030 places a strong emphasis on diversifying its economy. By reducing its reliance on traditional sectors, such as tourism, and expanding into new industries like technology & renewable energy, Egypt aims to build a more resilient and dynamic economy. This improvement in living standards could contribute to the growth of the middle class by providing opportunities for upward mobility & social advancement.

Egypt Two-wheeler Tire Market Challenge:

Growing Inflation & the Middle East Geopolitical Tensions to Impact the Market Expansion – Egypt's economy has been experiencing episodes of volatility, marked by significant fluctuations in inflation rates & currency values. According to the Central Agency for Public Mobilization and Statistics, Egypt's annual urban consumer price inflation jumped to 35.7% in February from 29.8% in January 2024. Such economic instability directly impacts the purchasing power of consumers, affecting their ability to afford various goods & services, including Two-wheeler tires. This growing inflation fosters the growth of an informal market where counterfeit goods, including tires, are readily available at lower prices.

Consumers who frequent these markets purchase counterfeit tires due to their perceived affordability and accessibility. This is negatively impacting the market share of genuine manufacturers of two-wheeler tires, as they face increased competition from counterfeit products. Moreover, Red Sea shipping disruption owing to the ongoing Palestine-Israel conflict would negatively impact the Egypt Two-wheeler tire market in the coming years.

Egypt Two-wheeler Tire Market (2024-30): Segmentation Analysis

The Egypt Two-wheeler Tire Market study by MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the national levels. In accordance to the analysis, the market has been further classified as:

Based on Vehicle Type:

  • Scooter & Moped
  • Motorcycle

Motorcycle is estimated to dominate the Egypt Two-wheeler Tire Market during the forecast period owing to the rising demand for motorcycles from logistics & food delivery companies, the launch of new variant motorcycles, etc. The demand for motorcycles from logistics companies & food-delivery companies has been consistently growing in Egypt, mainly due to traffic congestion problems & time-bound deliveries.

Food delivery companies such as Talabat, McDonald’s, Pizza Hut, etc., which have been using motorcycles for quick food delivery services to consumers, have further contributed to fueling the demand for motorcycles in the country. These logistics & food delivery companies using motorcycles for deliveries have led to the surged tire demand for motorcycles due to the wear & tear of tires, contributing to the increased share of motorcycle tires in the market.

Based on Demand Type:

  • OEM
  • Replacement

Replacement is gaining the majority share of the Egypt Two-wheeler Tire Market due to its road condition, climatic factors, and surging tourism sector. The varying road conditions across Egypt, from well-maintained roads in cities to less developed routes in rural areas, affect tire longevity. Frequent exposure to rough terrains accelerates tire wear, contributing to the regular need for tire replacements.

In addition, Egypt's climate, characterized by hot summers & mild winters, affects tire durability. High temperatures degrade rubber faster, increasing the demand for tire replacements, especially in regions experiencing extreme heat. Moreover, the country's rich historical and cultural heritage coupled with improved political stability and enhanced security measures have resulted in the surged tourist arrivals necessitating the need for rental scooters & mopeds among the individuals.

Gain a Competitive Edge with Our Egypt Two-wheeler Tire Market Report

  • Egypt 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 the market dynamics & make informed decisions.
  • 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.
  • Egypt 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 Egypt Two-wheeler Tire Market is expected to grow at a compound annual growth rate (CAGR) of 8.37% from 2024 to 2030.

   A. The expanding raid-hailing services is expected to drive the Egypt Two-wheeler Tire Market during the forecast period.

   A. Bridgestone Corporation, Goodyear Tire and Rubber Company (Dunlop), Michelin, Continental AG, Yokohama TWS, Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Pyramid Tire Co., CEAT, and Others are the top companies in the Egypt Two-wheeler Tire Market.

   A. Motorcycles held a considerable share of the Egypt Two-wheeler Tire Market.

   A. The growth of the middle class population & economic expansion is the growth opportunity driving the Egypt Two-wheeler Tire Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Egypt Two-wheeler Tire Import-Export Analysis, 2019-2023
  5. Egypt Two-wheeler Tire Market Supply Chain Analysis
  6. Egypt Two-wheeler Tire Market Trends & Developments
  7. Egypt Two-wheeler Tire Market Dynamics
    1. Drivers
    2. Challenges
  8. Egypt Two-wheeler Tire Market Hotspot & Opportunities
  9. Egypt Two-wheeler Tire Market Regulations and Policy 
  10. Egypt 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 and 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 Outlets - Market Size & Forecast 2019-2030, Thousand Units
        4. Direct Sales- Market Size & Forecast 2019-2030, Thousand Units
      6. By Tire Size
        1. 120/70-14- Market Size & Forecast 2019-2030, Thousand Units
        2. 80/100-17- Market Size & Forecast 2019-2030, Thousand Units
        3. 100/90-17 - Market Size & Forecast 2019-2030, Thousand Units
        4. 2.90/90-12- Market Size & Forecast 2019-2030, Thousand Units
        5. 3.00 -18- Market Size & Forecast 2019-2030, Thousand Units
        6. Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 - 17 etc.) - Market Size & Forecast 2019-2030, Thousand Units
      7. By Region
        1. Cairo
        2. Dakahlia
        3. Gaza
        4. Alexandria
        5. Others
      8. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  11. Egypt 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. Egypt 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. Egypt 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
        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. Pyramid Tire Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. CEAT
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  15. Disclaimer


Egypt Two-Wheeler Tire Market