South Africa Two-Wheeler Tire Market to Witness 6.89% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report
The latest report by MarkNtel Advisors, titled “South Africa Two-Wheeler Tire Market Report By Vehicle Type (Scooter and Moped, Motorcycle), By Demand Type (OEMs, Replacement), By Tire Type (Radial, Bias), By Price Category (Budget (Up to USD11 Per Unit), Economy (USD12 to 30 Per unit), Premium (Above USD30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units), By Sales Channel (Online, Multi Brand Stores, Exclusive Outlets, Direct Sales), By Tire Size (120/70 R 19, 170/60/17, 90/90-12, 120/70-12, Others (90/80-17, 90/90-21, etc.)), Others, and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the South Africa Two-Wheeler Tire Market research report.
What is the market outlook for South Africa Two-Wheeler Tire?
The South Africa Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 6.89% during the forecast period 2024–30.
For an in-depth analysis, you can request a sample copy of the report: https://www.marknteladvisors.com/query/request-sample/south-africa-two-wheeler-tire-market.html
Major Companies Operating in the South Africa Two-Wheeler Tire Industry:
Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Continental AG, Maxxis Tyres, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Sumitomo Rubber Industries, MRF, CEAT, and other
South Africa Two-Wheeler Tire Market Report Segmentation:
By Vehicle Type
-Scooter and Moped
-Motorcycle
- Motorcycles gained a considerable share of the market due to their better mileage and have been considered suitable for long-distance commutes.
By Demand Type
-OEMs
-Replacement
By Tire Type
-Radial
-Bias
By Price Category
-Budget (Up to USD11 Per Unit)
-Economy (USD12 to 30 Per unit)
-Premium (Above USD30 Per Unit)
By Sales Channel
-Online
-Multi Brand Stores
-Exclusive Outlets
-Direct Sales
By Tire Size
-120/70 R 19
-170/60/17
-90/90-12
-120/70-12
-Others (90/80-17, 90/90-21, etc.)
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/south-africa-two-wheeler-tire-market.html
Regional Insights:
By Region
-East
-Central
-North
-South
-West
South Africa Two-Wheeler Tire Market Driver: Growing Penetration of Two-Wheelers in Shared Mobility Services
South Africa has been hosting several tourists & visitors, and they have been largely using two-wheeler shared mobility services for local travel, thereby generating the demand for shared mobility services. Also, the country has been focusing on increasing the number of tourist arrivals across the country. This has enhanced the inclination of shared mobility companies to expand their services across the country to cater to these customers. According to the South African Statistics Agency (Stats SA), the number of tourist arrivals in South Africa reached about 8.48 million visitors in 2023, marking a significant surge of 48.9% compared to 2022. Hence, observing this enhanced demand for two-wheelers among tourists, ride-hailing companies, such as Taxify, Uber, Togo Bolt, etc., have expanded across the region over the past few years. For instance,
In 2021, China’s ride-hailing company, DiDi Chuxing, launched in South Africa, the company’s first entry into Africa.
Consequently, this would upscale the usage of two-wheelers across the country, which would eventually enhance the demand for two-wheeler tires for replacement purposes in the forthcoming years as well.
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