Tanzania Two-Wheeler Tire Market to Witness 13.43% CAGR Boom Through 2024-30 – Latest MarkNtel Advisors Report
The latest report by MarkNtel Advisors, titled “Tanzania 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)), By Sales Channel (Online, Multi Brand Stores, Exclusive Outlets, Direct Sales), By Tire Size (80/100-17, 100/90-17, 2.75 x 17, 3.00 x 17, 3.00 – 18, Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 – 17 etc.)), Others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Tanzania Two-Wheeler Tire Market research report.
What is the market outlook for Tanzania Two-Wheeler Tire?
The Tanzania Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 13.43% 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/tanzania-two-wheeler-tire-market.html
Major Companies Operating in the Tanzania Two-Wheeler Tire Industry:
Bridgestone Corporation, Michelin, Dunlop Tyres, Continental AG, Metzeler, Pirelli Tyre S.p.A, Inoue Rubber Co., Ltd., MRF, Shinko Tyres, CEAT, and others
Tanzania Two-Wheeler Tire Market Report Segmentation:
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)
By Sales Channel
-Online
-Multi Brand Stores
-Exclusive Outlets
-Direct Sales
By Tire Size
-80/100-17
-100/90-17
-2.75 x 17
-3.00 x 17
-3.00 – 18
-Others (110/80-17, 90/90-18, 100/80-17,110/70-17,150/60-17, 120/80 – 17 etc.)
Learn More About the Market Report – https://www.marknteladvisors.com/research-library/tanzania-two-wheeler-tire-market.html
Regional Insights:
-East
-West
-South
-North
Tanzania Two-Wheeler Tire Market Opportunity: Rising Disposable Income of Individuals Offering Lucrative Business Opportunities
Economic growth is a fundamental driver of disposable income growth. Tanzania’s economy has been expanding in recent years due to infrastructure developments, foreign direct investment, etc. In 2020, Tanzania was declared to have attained a lower-middle-income country by the World Bank, thus graduating from the lower-income country category. This growth is creating a conducive environment for businesses to thrive, resulting in increased job opportunities across various sectors. With more people gaining employment, there is a rise in aggregate wages and salaries, leading to higher household incomes in the country.
According to the National Bureau of Statistics, net national disposable income increased to USD 58,531.83 in 2021 from USD 54,458.75 in 2020, equivalent to an increase of around 7.5%. With growing disposable income, more individuals could afford to purchase two-wheelers in Tanzania. These vehicles are often more affordable than cars and require less maintenance and fuel, making them an attractive option for individuals looking for transportation solutions. Hence, the demand for two-wheeler tires is expected to surge in the coming years.
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