Africa Tire Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Africa Tire Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Africa Tire market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Africa Tire Reports Highlights
What is the size of the Africa Tire?
The Africa Tire Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2023-28. The growth of the market would be fueled primarily by the rapidly increasing vehicle fleet across different countries in Africa, owing to the burgeoning interest of people in private ownership of vehicles.
With the swift expansion of the cross-border trade of tires entwined with the growing prevalence of Chinese & budget tires across Africa, the overall availability of tires has improved significantly, with an extensive range to choose from for vehicle owners.
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What Components are Encompassed within Africa Tire Market segmentation?
The report has divided the market into the following segments:
By Vehicle Type
-Passenger Car
-Light Commercial Vehicle (LCV)
-Medium and Heavy Commercial Vehicle (M&HCV)
-Two-Wheeler
-Three-Wheeler
-Off Road Tire (OTR)
By Demand Category
-OEMs
-Replacement
By 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
View Full Report with TOC & List of Figure: – https://www.marknteladvisors.com/research-library/africa-tire-market.html
Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Bridgestone
-Goodyear
-Michelin
-Continental
-Hankook
-Kumho
-Toyo
-Triangle
-Zhongce Rubber
-Sumitomo
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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