MarkNtel Advisors – Leading Market Research Company found South Africa Tire Market is expected to reach 4.5% CAGR Growth By 2028.
A Quick Overview of South Africa Tire Market
The key object of this report on the South Africa Tire Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.
MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the South Africa Tire Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.
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South Africa Tire Market Scenario:
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. The growth of the market is likely to be driven by the rapidly increasing vehicle sales & fleet size, coupled with the swiftly expanding export business for tires. In addition, the growing prevalence of Chinese & Budget tires in South Africa has led to the availability of an extensive tire range for vehicle owners and, as a result, is positively influencing the market growth.
South Africa Tire Market – Industry Dynamics, Size, And Opportunity Forecast To 2028:
Market Driver – 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.
South Africa Tire Market Segmentation Analysis:
South Africa Tire Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:
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)
By Demand Type
- OEM’s-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Aftermarket-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
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)
By Rim Size
- Up to 12” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 15” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 18” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 20” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 22.5” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 6” to 26” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 35” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- 1” to 47” -Market Size & Forecast 2018-2028F, Units Sold (Thousands)
- Above 47-Market Size & Forecast 2018-2028F, Units Sold (Thousands)
By Region
- East
- Central
- North
- South
- West.
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Who are the Key Market Players in the South Africa Tire Market?
In the fast-changing South Africa Tire Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the South Africa Tire market ruling the industry are:
List of Key Companies Profiled:
- 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
- Others.
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