Analysing the South Africa Tire Market: Size, Trends, Growth, and Forecast

MarkNtel Advisors analyses the growth rate of the South Africa Tire market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the South Africa Tire market, helping them make informed decisions.

Market Outlook – 2023-2028:

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. 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.

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Key Company Profiles

This report explores recent significant developments in the South Africa Tire Market, focusing on the leading companies and their innovative profiles. The major players in the South Africa Tire Market, featured in this report, include:

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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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the South Africa Tire Market to forecast revenues and analyse trends across each of the following sub-markets:

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)

Of them both, OEM (Original Equipment Manufacturer) is anticipated to demonstrate a substantial growth of the South Africa Tire Market during the forecast period.

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)
2.6. 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

Key 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.

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Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?

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