(MENAFN- America News Hour) “A research report on Africa Two Wheeler Tires Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Africa two wheeler tire market is projected to grow from an estimated $ 194 million in 2020 to $ 260 million by 2025. Major factors responsible for the rising sales of two wheeler tires in Africa include growing fleet size of two wheeler, inefficient public transport and increasing dependence on two wheelers as a mode of transportation from one place to another. Another reason proliferating the demand for two wheeler tires in Africa is poor road infrastructure, which shortens the replacement cycle of two wheeler tires.
The Africa two-wheeler tire market is segmented based on vehicle type, tire type, demand category, by country and by company. Based on vehicle type, the market can be bifurcated into tires for motorcycle and scooter/mopeds. The two wheeler tire market of Africa is dominated by tires for motorcycles, and the segment is expected to maintain its dominance during the forecast period as well. The dominance of motorcycle tires in Africa is by virtue of high preference of motorcycles for both personal as well as goods transportation. Based on tire type, the market can be segmented into radial and bias two wheeler tires. The bias type two wheeler tire segment accounts for the major share in Africa two wheeler tire market due to ease of availability, low price and huge product portfolio for bias two wheeler tires of major companies.
Based on demand category, the market can be segmented into OEM and Replacement segments. Replacement segment has the lion's share in Africa two wheeler tire market as most of the countries in Africa do not have two wheeler production, resulting in very low market share of OEM segment in the region's two wheeler tire market. Based on country, the market is segmented into South Africa, Egypt, Libya, Kenya, Ethiopia, Angola, Zimbabwe, Sudan, Tanzania, Nigeria and Djibouti. Among these, Nigeria has the largest market share, followed by Egypt owing to comparatively larger two wheeler fleets in both the countries.
Africa two wheeler tire market is being captured by large number of Chinese two wheeler tire players, which accounted for more than 50% market share in 2019. Apart from this, around one-third of the market share in Africa two wheeler tire market is acquired by other leading global brands like Michelin, Goodyear, Dunlop, Continental and Pirelli. An increasing number of tire players from other Asian countries such as India, Malaysia, Indonesia, etc., are also entering various country markets of Africa two wheeler tire market.
Objective of the Study:
o To analyze and forecast the market size of Africa Two-Wheeler tire market.
o To classify and forecast Africa Two-Wheeler tire market based on Vehicle type, Tire type, Demand category type, By Company and Country.
o To identify drivers and challenges for Africa Two-Wheeler tire market.
o To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Africa Two-Wheeler tire market.
o To conduct pricing analysis Africa Two-Wheeler tire market.
o To identify and analyze the profile of leading players operating in Africa Two-Wheeler tire market.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of two wheeler tire providers across each country. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the tire providers which could not be identified due to the limitations of secondary research. SDKI analyzed the product offerings, distribution channels and presence of all major two wheeler tire companies across each country.
SDKI calculated Africa Two-Wheeler tire market size by using a bottom-up approach, where data for various vehicle segments was recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.
Key Target Audience:
o Tire manufacturers, suppliers, distributors and other stakeholders
o Government bodies such as regulating authorities and policy makers
o Organizations, forums and alliances related to two wheeler tire market
o Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Africa Two wheeler tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
o Market, by Vehicle Type:
o Motorcycle
o Scooter/Mopeds
o Market, by Demand Category:
o OEM
o Replacement
o Market, By Tire Type:
o Radial
o Bias
o Market, By Country:
o South Africa
o Egypt
o Libya
o Kenya
o Ethiopia
o Angola
o Zimbabwe
o Sudan
o Tanzania
o Nigeria
o Djibouti
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Africa two-wheeler tire market.
Available Customizations:
With the given market data, SDKI offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
o Detailed analysis and profiling of additional market players (up to five).
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Table of Content 1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Africa Two-Wheeler Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Motorcycle, Scooter/Mopeds)
5.2.2. By Demand Category (OEM and Replacement)
5.2.3. By Tire Type (Radial vs Bias)
5.2.4. By Country
5.2.5. By Company
5.3. Market Attractiveness Index
6. South Africa Two-Wheeler Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Motorcycle, Scooter/Mopeds)
6.2.2. By Demand Category (OEM and Replacement)
6.2.3. By Tire Type (Radial vs Bias)
7. Egypt Two-Wheeler Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Motorcycle, Scooter/Mopeds)
7.2.2. By Demand Category (OEM and Replacement)
7.2.3. By Tire Type (Radial vs Bias)
8. Libya Two-Wheeler Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Motorcycle, Scooter/Mopeds)
8.2.2. By Demand Category (OEM and Replacement)
8.2.3. By Tire Type (Radial vs Bias)
9. Kenya Two-Wheeler Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Motorcycle, Scooter/Mopeds)
9.2.2. By Demand Category (OEM and Replacement)
9.2.3. By Tire Type (Radial vs Bias)
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