Market Research Report

South Africa Tire Market Research Report: Forecast (2023-2028)

By Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler, Three Wheeler), By Price Category (Budget, Economy, Premium), By Sales channel (Online, Direct Sales, Multi-Brand S...tores, Exclusive Outlets), By Demand Type (OEM’s, Aftermarket), By Tire Type (Radial, Bias), By Rim Size (Up to 12”, 12.1” to 15”, 15.1” to 18”, 18.1” to 20, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47), By Region (East,North, Central, South, West), By Company (Pirelli Tires, Bridgestone Tyres, Sumitomo Rubber South Africa (PTY) Ltd., Continental Tires, Hangzhou Zhongce Rubber, Goodyear Tires, CEAT Tyres, Triangle Tyres, Michelin Tyres, Maxxis Tyres, Yokohama Rubber Company, Others) Read more

  • Tire
  • Jul 2023
  • 212
  • PDF, Excel, PPT

Market Definition

South Africa has emerged as one of the fastest-growing tire markets, mainly due to the rapidly growing middle-class population that has significantly up surged automobile sales in the country. It is a price-sensitive market where consumers prefer imported & low-priced tires. As a result, it created a swiftly growing tire industry that accommodates different vehicle types, including passenger cars, commercial vehicles like buses & trucks, off-the-road vehicles, agricultural, and two-wheelers.

Market Insights

The South Africa Tire Market size is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28. The growth of the market is likely to be driven by the rapidly increasing vehicle sales & fleet size, coupled with the swiftly expanding export business for tires. In addition, the growing prevalence of Chinese & Budget tires in South Africa has led to the availability of an extensive tire range for vehicle owners and, as a result, is positively influencing the market growth.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR(2023-28) 4.5%
Region Covered East, North, Central, South, West
Key Companies Profiled Pirelli Tires, Bridgestone Tyres, Sumitomo Rubber South Africa (PTY) Ltd., Continental Tires, Hangzhou Zhongce Rubber, Goodyear Tires, CEAT Tyres, Triangle Tyres, Michelin Tyres, Maxxis Tyres, Yokohama Rubber Company, Others
Unit Denominations USD Million/Billion

 

Besides, the substantially growing demand for passenger cars in South Africa is encouraging automakers to increase their production capabilities. Improving economic conditions & mounting inclination of consumers toward vehicle ownership are also projected to augment the market growth in the coming years. It would generate opportunities for the leading players like Bridgestone, Sumitomo, Goodyear, Continental, Michelin, etc., to develop robust tires that meet the different requirements of vehicle owners. 

However, according to the International Trade Administration, the entire automotive industry of South Africa witnessed a significant slump in 2020 in terms of vehicle sales when compared to the sales of 2019. Additionally, in 2023, the automotive industry observed persistent growth, which was better than in 2020. Although the industry would continue witnessing steady growth during the forecast period, it is unlikely to cross the bars of sales earmarked in 2019.

Nevertheless, an increasing number of construction projects and rapidly expanding transportation & logistics sectors are propelling the need for commercial vehicles and, in turn, soaring the demand for tires that can provide better fuel efficiency & safer driving on different terrains.

Key Trend in the South Africa Tire Market

The South Africa Tire Market would be witnessing profitable opportunities in the coming years, mainly due to various trade agreements that have helped establish the country as an innovative tire production hub. Moreover, to comprehensively expand & sustain its tire manufacturing capabilities & units, South Africa launched APDP (Automotive Production & Development Program) in 2023. Through this plan, South Africa intends to boost its automotive sector by devising an environment for vehicle manufacturers to increase their production volumes at a massive scale. Hence, these aspects are projected to create remunerative opportunities for the leading market players in the years to come.


South Africa Tire Market Research Report: Forecast (2023-2028)

Market Segmentation

Based on the Demand:

  • OEM
  • Replacement

Of them both, OEM (Original Equipment Manufacturer) is anticipated to demonstrate a substantial growth of the South Africa Tire Market during the forecast period. It owes principally to the rapidly growing sales of vehicles & their constant up-gradation by automakers, i.e., propelling the demand for original tires from affiliated OEMs.

Additionally, with favorable government policies for the export & import of tires, several prominent tire manufacturers are establishing their production units in South Africa, which, in turn, is increasing the scalability of OEMs throughout the country. Besides, rising customer inclination toward the adoption of OEM tires shall also propel the overall market growth in the coming years.

On the other hand, the Replacement demand type is projected to dominate the market with the largest share during 2023-28. It owes principally to its benefits like an extensive range of tires suiting different budgets, requirements, and vehicles at one place, which attracts consumers to purchase tires from replacement/aftermarkets.

Additionally, since such channels have a wide variety of tires, vehicle owners can choose a different set of tires with enhanced performance rate & compatibility than OEMs. Replacement tires offer various benefits like lower rolling resistance, longer tread wear, improved driving experience & performance, greater comfort, and increased hydroplaning resistance, among others, across different brands, thereby expected to drive the market through 2028. 

Based on the Type of Vehicle:

  • Passenger Car
  • Light Commercial Vehicle
  • Bus
  • Medium & Heavy Commercial Vehicle
  • Off-The-Road Vehicle
  • Two-wheeler

Here, Two-Wheelers dominated the South Africa Tire Market with the largest share in recent years, and the same trend is likely to be followed in the coming years. It owes principally to the increasing consumer need for vehicle ownership, i.e., leading to mounting sales of two-wheelers, especially among the middle class & working population of South Africa.

Additionally, growing traffic congestions & uneven terrains in the country are other prominent aspects contributing to the significantly increasing demand for two-wheelers & positively influencing the market. Besides, the surging penetration of two-wheelers among the younger generation & working females and the growing adoption of electric motorbikes shall further stimulate the sales of these vehicles and instigate the demand for two-wheeler tires through 2028.

Market Dynamics:

Key Driver: Rapid Industrialization & Increasing Demand for Heavy Vehicles 

With the rising number of construction activities in South Africa, the demand for heavy-duty vehicles is rapidly escalating, thus augmenting the need for robust tires to attain better grip, exert weight & pressure, and function on changing terrain. Additionally, since the country has several reserves for platinum metals, the government is investing immensely in expanding the mining operations, which is another crucial aspect propelling the demand for heavy-duty vehicles & driving the South Africa Tire Market.

Possible Restraint: Fluctuating Prices of Fuel & Raw Materials 

While the sales of vehicles are increasing considerably in South Africa, fluctuations in fuel prices might reduce their demand, especially among the cost-sensitive population of the country, and might directly impact the growth of the South Africa Tire Market. Additionally, rising prices of raw materials like crude oil, rubber, etc., are other aspects projected to act as significant growth challenges for the market in the coming years.

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 South Africa 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 South Africa Tire Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the South Africa Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the South Africa Tire Market study?

Frequently Asked Questions

   A. The South Africa Tire Market is projected to grow at a CAGR of around 4.5% during 2023-28.

   A. Two-Wheelers are anticipated to emerge as an area of remunerative opportunities for the leading players in the South Africa Tire Market during 2023-28.

   A. The swiftly growing number of construction activities, massive investments by the South African government in the expansion of mining operations, and the mounting inclination toward Electric Vehicles are the key factors projected to drive the South Africa Tire Market during the forecast period.

   A. In the coming years, the leading players in the South Africa Tire Market are likely to increase their production capabilities in order to meet the export & import requirements. Besides, the surging number of OEM & replacement outlets and the burgeoning vehicle sales shall remain a prevalent factor in stimulating the market growth through 2028.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. South Africa Tire Production Overview
  5. South Africa Tire Market Trends & Development
  6. South Africa Tire Market Dynamics
    1. Drivers
    2. Challenges
  7. South Africa Tire Market PORTER’S Five Forces Analysis
  8. South Africa Tire Market Value Chain & Margin Analysis
  9. South Africa Tire Market Regulations, Policies & Product Standards
  10. South Africa Tire Market Hotspot & Opportunities
  11. South Africa Tire Market Analysis, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Vehicle Type
        1. Passenger Car-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        2. Commercial Vehicle
          1. Light Commercial Vehicle (LCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
          2. Medium & Heavy Commercial Vehicle (MHCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
          3. Off-Road Tire (OTR) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        3. Two Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        4. Three Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      2. By Demand Type
        1. OEM’s-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        2. Aftermarket-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      3. By Tire Type
        1. Radial-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        2. Bias-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      4. By Sales Channel
        1. Online-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        2. Direct Sales-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        3. Multi Brand Stores-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        4. Exclusive Outlets-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      5. By Price Category
        1. Budget-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
        2. Economy-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
        3. Premium-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
      6. 6.2.6. By Rim Size
        1. Up to 12” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        2. 12.1” to 15” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        3. 15.1” to 18” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        4. 18.1” to 20” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        5. 20.1” to 22.5” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        6. 22.6” to 26” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        7. 26.1” to 35” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        8. 35.1” to 47” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
        9. Above 47-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      7. By Region
        1. East
        2. Central
        3. North
        4. South
        5. West
      8. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  12. South Africa Passenger Car Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Demand Type- Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      2. By Tire Type-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      3. By Sales Channel, Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      4. By Price Category-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      5. By Rim Size-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      6. By Region-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  13. South Africa Light Commercial Vehicle Tire Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Demand Type- Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      2. By Tire Type-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      3. By Sales Channel, Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      4. By Price Category-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      5. By Rim Size-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      6. By Region-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  14. South Africa Medium &b Commercial Vehicle Tire Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Demand Type- Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      2. By Tire Type-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      3. By Sales Channel, Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      4. By Price Category-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      5. By Rim Size-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      6. By Region-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  15. South Africa Two Wheeler Tire Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Demand Type- Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      2. By Tire Type-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      3. By Sales Channel, Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      4. By Price Category-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      5. By Rim Size-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      6. By Region-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  16. South Africa OTR Vehicle Tire Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Share & Analysis
      1. By Demand Type- Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      2. By Tire Type-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      3. By Sales Channel, Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      4. By Price Category-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      5. By Rim Size-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
      6. By Region-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
  17. South Africa Tire Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Company Profiles
      1. Pirelli Tyre (Pty) Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Bridgestone Tyres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Sumitomo Rubber South Africa (PTY) Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Continental Tyres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Hangzhou Zhongce Rubber  
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Goodyear Tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. CEAT Tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Triange Tyre
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Michelin Tyre
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Maxxis Tyres
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Yokohama Tires
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Others
  19. Disclaimer


South Africa Tire Market Segmentation