The market is primarily being driven by two factors: increased infrastructure investment across the country and rising consumer spending power. Additionally, it is anticipated that the steadily growing auto fleet and rising disposable income would favourably affect the Egypt tyre market during the course of the projection year. A ban on the import of used automobiles and increasing demand for replacement tyres are also predicted to enhance Egypt's requirement for tyres.
According to Markntel Advisors, “Egypt Passenger Car Tire Market Size- By Vehicle Type, By Demand Type, By Sales Channel, By Tire Type, By Tire Size, By Price Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2029” state that the Egypt Passenger Car Tire Market is likely to grow at a CAGR of around 29.12% during the forecast period 2024-2029.
The tire on a car is a rim-like, circular object that contains air. It is made from a mix of organic and inorganic components, including steel, wire, rubber, cotton, silica, glass, and wire that has been strengthened with carbon black. A bead, bead filler, belts, body ply, inner liner, sidewall and tread are just a few of the pieces that make up the tire, which is available in two variations: tubed and tubeless.
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Key Players of Egypt Passenger Car Tire Market:
The Key Players of Egypt Passenger Car Tire Market are Bridgestone Corporation, Michelin, Continental Tires AG, Pirelli Tyre S.p.A, Trenco Transport and Engineering Co., Goodyear Tire and Rubber Company, Falken Tires, Lassa Tyres, Maxxis Tire, Yokohama Rubber Company Limited, Others.
Egypt Passenger Car Tire Market Segmentation:
The MarkNtel Advisors report on the Egypt Passenger Car Tire Market Analysis, identifies, and highlights the key trends and drivers that are affecting each segment. The market has been further divided into the following categories by the report:
Based on Vehicle Type: Egypt Passenger Car Tire Market is Segmented as: Sedan, SUV, Hatchback.
Based on Demand Type: Egypt Passenger Car Tire Market is Segmented as: OEM, Aftermarket.
Based on Region: The study also include data for East, West.
For More Information About this Report:
Egypt Passenger Car Tire Market Future Outlook
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