South Africa Tire Market Industry Analysis, Future Demand Projections, and Forecasts Until 2028

The latest report by MarkNtel Advisors, titled “South Africa Tire Market Report By Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler, Three Wheeler), By Price Category (Budget, Economy, Premium), By Sales channel (Online, Direct Sales, Multi-Brand Stores, Exclusive Outlets), By Demand Type (OEM’s, Aftermarket), By Tire Type (Radial, Bias), 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) other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the South Africa Tire Market research report.

What is the market outlook for South Africa Tire?

The South Africa Tire Market size is estimated to grow at a CAGR of around 4.5% during the forecast period 2023–28.

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Major Companies Operating in the South Africa Tire Industry:

Pirelli Tires, Bridgestone Tyres, Sumitomo Rubber South Africa (PTY) Ltd., Continental Tires, Hangzhou Zhongce Rubber, Goodyear Tires, CEAT Tyres, Triangle Tyres, Michelin Tyres, Maxxis Tyres, Yokohama Rubber Company, Others

South Africa Tire Market Report Segmentation:

By Vehicle Type

-Passenger Car

-Commercial Vehicle

-Light Commercial Vehicle (LCV)

-Medium & Heavy Commercial Vehicle (MHCV)

-Off-Road Tire (OTR)

-Two Wheeler

-Three Wheeler

By Demand Type

-OEM’s

-Aftermarket

• 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

-Bias

By Sales Channel

-Online

-Direct Sales

-Multi Brand Stores

-Exclusive Outlets

By Price Category

-Budget

-Economy

-Premium

-6.2.6. 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

Learn More About the Market Report –  https://www.marknteladvisors.com/research-library/south-africa-tire-market.html

Regional Insights:

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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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more 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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