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Ethiopia Two-Wheeler Tire Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Ethiopia Two-Wheeler Tire market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Ethiopia Two-Wheeler Tire Market Analysis, 2020”, the Ethiopia Two-Wheeler Tire market is anticipated to grow at a considerable CAGR during 2020-25F on an account of launch of various food chain and growing penetration of e-commerce platform in Ethiopia. In addition, the introduction of electric two-wheeler to curb the carbon emission and a boost in the online delivery services due to the outbreak of the novel COVID-19 has bolstered the demand for two-wheelers in the country. Hence, this has further stimulated the growth of Two-Wheeler Tire market in the forthcoming period.
Multi-Brand Store Acquired the Substantial Market Share
Multi-brands store accounted for a substantial market share in 2019 owing to the limited presence of the exclusive distributors in the country. Moreover, the online sales distribution of tires is projected to surge in the forthcoming years on an account of propelling internet penetration in the country. However, online distribution is not much popular in 2020 in the country due to limited operations of e-commerce platforms. Complexity in online payments and risk of payment fraud are the prime reasons inhibiting the online sales of two- wheeler tires as stated in the MarkNtel Advisors’ research report “Ethiopia Two-Wheeler Tire Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Ethiopia Two-Wheeler Tire market include MRF, Bridgestone, Maxxis, CEAT, Sumitomo, Apollo, Michelin, Continental, Pirelli, Goodyear, 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 Ethiopia Two-Wheeler Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
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, while volume is stated in terms of Units Sold.
Q. What would be the growth rate or CAGR of Ethiopia Two-Wheeler Tire Market during 2020-25?
A. The growth rate of Ethiopia Two-Wheeler Tire Market during 2020-25 is forecast to grow at a significant CAGR.
Q. Who are the key competitors or players operating in Ethiopia Two-Wheeler Tire Market?
A. MRF, Bridgestone, Maxxis, CEAT, Sumitomo, Apollo, Michelin, Continental, Pirelli, Goodyear etc., are few of the leading players in the Ethiopia Two-Wheeler Tire Market.
Q. Which vehicle type segment would emerge as an opportunity area for players in Ethiopia Two-Wheeler Tire Market?
A. Motorbike segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which installation would emerge as an opportunity area for players in Ethiopia Two-Wheeler Tire Market?
A. Replacement grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Ethiopia Two-Wheeler Tire Market.
