MarkNtel Advisors recently published a detailed industry analysis of the South Africa Tire Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
South Africa Tire Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
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.
What are the major Driver the South Africa Tire industry?
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.
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What segments define the South Africa Tire Market from 2023 to 2028? How do these segments contribute to market dynamics and growt
By Vehicle Type
- Passenger Car-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Commercial Vehicle
- Light Commercial Vehicle (LCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Medium & Heavy Commercial Vehicle (MHCV) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Off-Road Tire (OTR) -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Two Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Three Wheeler-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
According to report, 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.
By Demand Type
- OEM’s-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Aftermarket-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
According to report, 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.,
By Tire Type
- Radial-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Bias-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Sales Channel
- Online-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Direct Sales-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Multi Brand Stores-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Exclusive Outlets-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Price Category
- Budget-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Economy-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
- Premium-Market Size & Forecast 2018-2028F, Unit Sold (Thousand)
6.2.6. By Rim Size
- Up to 12” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 12.1” to 15” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 15.1” to 18” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 18.1” to 20” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 20.1” to 22.5” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 22.6” to 26” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 26.1” to 35” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 35.1” to 47” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Above 47-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
Explore the Complete South Africa Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/south-africa-tire-market.html
Geographical Analysis: South Africa Tire
By Region
- East
- Central
- North
- South
- West
South Africa Tire Market Share & Competitive Landscape:
The South Africa Tire Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the South Africa Tire Market are:
- Pirelli Tyre (Pty) Ltd
- Bridgestone Tyres
- Sumitomo Rubber South Africa (PTY) Ltd.
- Continental Tyres
- Hangzhou Zhongce Rubber
- Goodyear Tires
- CEAT Tires
- Triange Tyre
- Michelin Tyre
- Maxxis Tyres
- Yokohama Tires
Questions Addressed in this Study
1.What factors are driving the South Africa Tire Market growth?
2.How is the South Africa Tire Market expected to grow over the next five years?
3.What are the key insights into the current trends in the South Africa Tire Market?
4.What is the current size of the South Africa Tire Market, and how is it projected to change in the future?
6.What is the future outlook for the South Africa Tire Market in terms of technological advancements and market expansion?
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Our specialization in niche industries 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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