The Sudan Tire Market size is expecting a considerable growth rate during 2022-27, states MarkNtel Advisors in their recent research report. The improving economic conditions of people & their changing living standards, i.e., showcasing a swift inclination of them toward private vehicle ownerships, is boosting vehicle sales in the country and, in turn, positively influencing the tire market.
Besides, the escalating government focus on infrastructural developments, i.e., projecting rigorous construction activities related to highways, residential complexes, airports, etc., and propelling the demand for heavy commercial vehicles, is another crucial aspect boosting the tire industry of Sudan.
Moreover, various favorable government policies, the massive inflow of foreign direct investments, and the active participation of prominent tire manufacturers in introducing new tire models are also expected to stimulate the overall market expansion in the coming years, further states the research report, “Sudan Tire Market Analysis, 2022.”
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Sudan Tire Market Segmentation Analysis:
- By Vehicle Type(Passenger Cars (SUV, Sedan, Hatchback & Bakkies), Light Commercial Vehicles (LCV) (Light Trucks, Light Buses, Pickup Trucks & Vans), Medium & Heavy Commercial Vehicles (Bus, Truck), Two Wheelers (Moped, Scooters, Motorcycles), Off the Road (OTR) (Earthmoving Equipment, Material Handling Equipment, Industrial & Mining Equipment))
- By Demand Type(OEM, Replacement)
- By Type of Tire(Radial, Bias)
- By Season(All-Season, Summer)
- By Sales Channel(Online, Dealers/Exclusive Outlets)
- 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 Price Category(Low, Medium, High)
- By Region(Khartoum, South Darfur, Al Gezira)
Burgeoning Sales of Passenger Cars to Contribute Significantly to the Market Growth
In recent years, passenger cars are witnessing an ever-increasing demand in Sudan and have dominated the Tire Market with the largest share. Several domestic & foreign automotive OEMs are planning to expand their production units in Sudan. Moreover, the government of Sudan is encouraging the flow of FDIs into the automotive sector. These aspects indicate a positive outlook for Sudan’s economy, owing to which vehicle sales are significantly increasing across the country.
The increasing disposable income of people & their growing customer preference for purchasing second-hand cars, coupled with improving road conditions & rapid infrastructural developments, are leading to surging private vehicle ownerships in Sudan. It, in turn, is increasing the passenger vehicle fleet across the country and positively influencing the tire market.
Competitive Landscape:
The leading players in the Sudan Tire Market are MRF Limited, Bridgestone Middle East and Africa, Apollo Tyres, Michelin AIM FZE, CEAT Limited, Continental Aktiengesellschaft, Alliance Tire Co. Ltd., JK Tyre & Industries Ltd., Hangzhou Zhongce Rubber Co., LTD., and Triangle Tyre Co. Ltd.
Explore the Full Report with Charts, Table of Contents, and List of Figures – https://www.marknteladvisors.com/research-library/sudan-tire-market-analysis.html
Key Questions Answered in the Research Report:
- What are the current & future trends in the Sudan Tire Market?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across Sudan, followed by their comparative factorial indexing?
- What are the key growth drivers & challenges for the Sudan Tire Market?
- What are the customer orientation, purchase behavior, and expectations from tire manufacturers across Sudan?
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