Africa Tire Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors

According to Markntel Advisors Report, Africa Tire Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The tire industry in Africa is expansive & full of opportunities, especially across countries like South Africa, Algeria, Egypt, & Nigeria, among others, with a massive automotive sector. A steady rise in new registration of vehicles and growing cross-border trade agreements project lucrative growth prospects for the Africa Tire Market in the coming years.

Global Africa Tire Market Research Report & Summary:

The Africa Tire Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2023-28.         

Time Period Captured in the Report:

·        Historical Years: 2018-21

·        Base Years: 2022

·        Forecast Years: 2023-28 

Who are the Key Players Operating in the Africa Tire Market?

The top companies of the Africa Tire Market ruling the industry are: 

Bridgestone, Goodyear, Michelin, Continental, Hankook, Kumho, Toyo, Triangle, Zhongce Rubber, Sumitomo and others

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What is Included in Africa Tire Market Segmentation?

The Africa Tire Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Vehicle Type
• Passenger Car
• Light Commercial Vehicle (LCV)
• Medium and Heavy Commercial Vehicle (M&HCV)
• Two-Wheeler
• Three-Wheeler
• Off Road Africa Tire (OTR)
• By Demand Category
• OEMs
• Replacement
• By Africa Tire Type
• Radial
• Bias
• By Sales Channel
• Direct Sales
• Online
• Multibrand Stores
• 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 Country
• Nigeria
• Algeria
• Egypt
• Morocco
• South Africa
• Ethiopia
• Sudan
• Eritrea
• Djibouti
• Tanzania
• Ghana

Explore the Complete Africa Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/africa-tire-market.html

Based on the Demand Category:

·        OEMs

·        Aftermarkets

Of two, the aftermarket is anticipated to dominate the Africa Tire Market with the largest share during 2023-28. It attributes principally to the growing number of vehicle owners & mounting awareness among them about the benefits of aftermarket tires, such as easy availability, extensive options, different budgets, etc. Besides, the increasing awareness among vehicle owners about the timely inspection of tire conditions, i.e., leading to frequent tire replacements, is another aspect propelling the sales of aftermarket tires, which, in turn, project a pool of profitable opportunities for the overall market growth through 2028

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