Market Forcast By Origin (Local Manufacturing, Imports), By Types (Radial Tires, Bias Tires), By End Users (OEM, Replacement), By Vehicle Types (Trucks, Light Trucks, Two-Wheelers, Passenger Cars), By Countries (South Africa, Egypt, Kenya, Ethiopia, Nigeria, Algeria, Morocco, Tanzania, Ghana & Rest of Africa) and Competitive Landscape
Product Code: ETC131506 | Publication Date: Feb 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 35 | |
Africa Tire Market has been experiencing various developments and projects in recent years. The tire market in Africa has been growing steadily on the back of increasing demand for passenger and commercial vehicles. The tire market is anticipated to grow due to rapid urbanization and rising industrialization in Africa. The expansion of manufacturing plants in Africa by several global tire manufacturers to tap into the growing market is another major development in this industry. Tire manufacturers are investing in research and development to create new tire technologies that are appropriate for the market. Apart from this, technological advancements in the tire industry have made it possible to produce high-quality tires that are more durable and have better performance.
Moreover, manufacturers are exploring the use of renewable materials such as natural rubber, plant-based oils, and recycled materials in tire production. This move towards sustainable tire production is driven by the need to reduce the carbon footprint of tire production. In general, the Africa Tire Industry is experiencing tremendous growth. The major factors driving the growth include the expansion of manufacturing plants, increased use of renewable materials, and government regulations. Many African countries have experienced rapid economic growth in recent years, which has led to an increase in consumer spending power. Furthermore, the population in Africa is growing rapidly which resulted in an increasing number of people who are buying vehicles.ย
Report Name | Africa Tire (Tyre) Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Local Manufaturing |
The Africa Tire (Tyre) Market report provides a comprehensive evaluation By Origin, By Types, By End Users, By Vehicle Types, and By Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Tire Market is currently experiencing substantial growth, driven by rising vehicle ownership and increased demand for transportation services across the continent. With an expanding population and improving economic conditions, the need for reliable tires for various vehicle types has surged. Key trends in the market include a shift towards radial tires due to their superior performance and durability, as well as a growing preference for locally manufactured products. However, challenges such as fluctuating raw material prices and infrastructure deficits may impact overall market growth.
According to 6Wresearch, the Africa Tire (Tyre) Market size is expected to grow at a significant CAGR of 6.5% during the forecast period 2025-2031. Several factors are propelling the growth of the Africa Tire Market. The continuous rise in vehicle registrations, particularly in the trucking and passenger car segments, fuels demand for reliable tire solutions. Additionally, an increasing focus on safety standards and performance efficiency has led to the adoption of advanced tire technologies. Government incentives aimed at promoting local manufacturing and reducing import dependency also play a crucial role in enhancing market growth. Furthermore, expanding e-commerce logistics networks and urbanization trends are likely to escalate the demand for tires, further strengthening the market.
Despite its positive outlook, the Africa Tire Market faces several challenges that may curb its growth. Significant hurdles include high import tariffs on raw materials, which can inflate production costs for local manufacturers. Also, the limited availability of quality materials and experienced labour in tire production can hinder competitive capabilities. Additionally, inadequate infrastructure, especially in rural areas, poses challenges for logistics and distribution, affecting the overall market accessibility. Environmental concerns related to tire waste management also demand attention as the industry evolves.
The Africa Tire Market features key players such as Continental AG, Michelin, Bridgestone, and Goodyear, among others. These companies are instrumental in driving innovation and expanding their product offerings within the region. Their investments in research and development focus on enhancing tire performance, fuel efficiency, and sustainability. Furthermore, collaborations with local firms help these major players establish a robust distribution network and tailor products to meet regional consumer needs.
Governments across Africa have implemented various initiatives to foster the growth of the tire market, notably through policies that encourage local manufacturing and investment. The "National Auto Policy" in countries like Nigeria emphasizes the development of local auto component industries, which includes tire production. Additionally, subsidies for manufacturers investing in eco-friendly production methods are becoming common. Efforts to improve transportation infrastructure also complement these initiatives, creating a favourable environment for industry growth and local production.
The Africa Tire Market is projected to witness significant growth over the coming years, primarily driven by technological advancements and a shift toward sustainable practices. Emerging trends such as the development of eco-friendly tires and smart tire technologies promise to enhance consumer safety and performance. Moreover, increasing investments in local manufacturing capabilities are likely to mitigate challenges posed by imports and improve supply chain resilience. Despite the anticipated growth, stakeholders must remain vigilant regarding regulatory changes and market demand fluctuations to successfully navigate the evolving landscape.
According to Ravi Bhandari, Research Head, 6Wresearch, the local manufacturing segment is witnessing rapid growth as African countries strive to enhance self-sufficiency and reduce dependency on imports. Government initiatives supporting the establishment of manufacturing facilities are paving the way for domestic producers to flourish. This shift not only promotes job creation but also strengthens local economies while ensuring quicker turnaround times and reduced transportation costs for businesses.
Radial tires are gaining significant traction in the market due to their superior performance characteristics, including better fuel efficiency, durability, and improved road handling capabilities. These attributes make radial tires increasingly preferred among consumers and commercial operators, particularly in the trucking and passenger vehicle segments, where performance and safety are paramount.
The replacement tire market is experiencing robust growth as vehicle ownership across the continent continues to rise. Increased awareness regarding vehicle safety and performance drives this demand, as consumers prioritize the timely replacement of worn-out tires to maintain optimal functionality and safety standards.
Passenger cars represent a fast-growing segment within the Africa Tire Market. As urbanization and disposable incomes rise, the number of passenger vehicles on the road is increasing, creating heightened demand for a variety of tire solutions. The shift toward personal mobility in numerous African nations further fuels this segment's expansion, with consumers seeking reliable and high-quality tires for their vehicles.
Among the various countries in Africa, South Africa and Nigeria are leading the way in market growth. South Africa benefits from established automotive manufacturing standards and infrastructure, making it a key hub for tire manufacturing and sales. In contrast, Nigeria's rapidly growing vehicle registration rates and expanding middle class are driving demand, significantly bolstering the tire market in this region. The combined growth in these markets exemplifies the diverse opportunities available within the continent's tire industry landscape.
The report offers a comprehensive study of the following market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Africa Tire Market Overview |
3.2 Africa Tire Market Revenues and Volume, 2021-2031F |
3.3 Africa Tire Market Revenue Share, By Origin, 2021&2031F |
3.4 Africa Tire Market Revenue Share, By Types, 2021&2031F |
3.5 Africa Tire Market Revenue Share, By End Users, 2021&2031F |
3.6 Africa Tire Market Revenue Share, By Vehicle Types, 2021&2031F |
3.7 Africa Tire Market Revenue Share, By Region, 2021&2031F |
3.8 Africa Tire Market - Industry Life Cycle |
3.9 Africa Tire Market - Porterโs Five Forces |
4. Africa Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
6. Africa Tire Market Overview, By Origin |
6.1 Africa Local Manufacturing Tire Market Revenues and Volume, 2021-2031F |
6.2 Africa Imports Tire Market Revenues and Volume, 2021-2031F |
7. Africa Tire Market Overview, By Types |
7.1 Africa Tire Market Revenue and Volume, By Biased Tire, 2021-2031Fย |
7.2 Africa Tire Market Revenue and Volume, By Radial Tire, 2021-2031Fย |
8. Africa Tire Market Overview, By End Users |
8.1 Africa Tire Market Revenue and Volume, By Replacement, 2021-2031F |
8.2 Africa Tire Market Revenue and Volume, By OEM, 2021-2031F |
9. Africa Tire Market Overview, By Vehicles Types |
9.1 Africa Tire Market Revenue and Volume, By Trucks, 2021-2031F |
9.2 Africa Tire Market Revenue and Volume, By Light Trucks, 2021-2031F |
9.3 Africa Tire Market Revenue and Volume, By Two-Wheelers, 2021-2031F |
9.4 Africa Tire Market Revenue and Volume, By Passenger Cars, 2021-2031F |
10. South Africa Tire Market Overview |
10.1 South Africa Tire Market Revenues and Volume,2021-2031 F |
10.2 South Africa Tire Market Revenues and Volume, By Origin, 2021-2031 F |
10.3 South Africa Tire Market Revenues and Volume, By Types, 2021-2031 F |
10.4 South Africa Tire Market Revenues and Volume, By End Users, 2021-2031 F |
10.5 South Africa Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
11. Egypt Tire Market Overview |
11.1 Egypt Tire Market Revenues and Volume,2021-2031 F |
11.2 Egypt Tire Market Revenues and Volume, By Origin, 2021-2031 F |
11.3 Egypt Tire Market Revenues and Volume, By Types, 2021-2031 F |
11.4 Egypt Tire Market Revenues and Volume, By End Users, 2021-2031 F |
11.5 Egypt Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
12. Kenya Tire Market Overview |
12.1 Kenya Tire Market Revenues and Volume,2021-2031 F |
12.2 Kenya Tire Market Revenues and Volume, By Origin, 2021-2031 F |
12.3 Kenya Tire Market Revenues and Volume, By Types, 2021-2031 F |
12.4 Kenya Tire Market Revenues and Volume, By End Users, 2021-2031 F |
12.5 Kenya Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
13. Ethiopia Tire Market Overview |
13.1 Ethiopia Tire Market Revenues and Volume,2021-2031 F |
13.2 Ethiopia Tire Market Revenues and Volume, By Origin, 2021-2031 F |
13.3 Ethiopia Tire Market Revenues and Volume, By Types, 2021-2031 F |
13.4 Ethiopia Tire Market Revenues and Volume, By End Users, 2021-2031 F |
13.5 Ethiopia Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
14. Nigeria Tire Market Overview |
14.1 Nigeria Tire Market Revenues and Volume,2021-2031 F |
14.2 Nigeria Tire Market Revenues and Volume, By Origin, 2021-2031 F |
14.3 Nigeria Tire Market Revenues and Volume, By Types, 2021-2031 F |
14.4 Nigeria Tire Market Revenues and Volume, By End Users, 2021-2031 F |
14.5 Nigeria Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
15. Algeria Tire Market Overview |
15.1 Algeria Tire Market Revenues and Volume,2021-2031 F |
15.2 Algeria Tire Market Revenues and Volume, By Origin, 2021-2031 F |
15.3 Algeria Tire Market Revenues and Volume, By Types, 2021-2031 F |
15.4 Algeria Tire Market Revenues and Volume, By End Users, 2021-2031 F |
15.5 Algeria Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
16. Morocco Tire Market Overview |
16.1 Morocco Tire Market Revenues and Volume,2021-2031 F |
16.2 Morocco Tire Market Revenues and Volume, By Origin, 2021-2031 F |
16.3 Morocco Tire Market Revenues and Volume, By Types, 2021-2031 F |
16.4 Morocco Tire Market Revenues and Volume, By End Users, 2021-2031 F |
16.5 Morocco Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
17. Tanzania Tire Market Overview |
17.1 Tanzania Tire Market Revenues and Volume,2021-2031 F |
17.2 Tanzania Tire Market Revenues and Volume, By Origin, 2021-2031 F |
17.3 Tanzania Tire Market Revenues and Volume, By Types, 2021-2031 F |
17.4 Tanzania Tire Market Revenues and Volume, By End Users, 2021-2031 F |
17.5 Tanzania Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
18. Ghana Tire Market Overview |
18.1 Ghana Tire Market Revenues and Volume,2021-2031 F |
18.2 Ghana Tire Market Revenues and Volume, By Origin, 2021-2031 F |
18.3 Ghana Tire Market Revenues and Volume, By Types, 2021-2031 F |
18.4 Ghana Tire Market Revenues and Volume, By End Users, 2021-2031 F |
18.5 Ghana Tire Market Revenues and Volume, By Vehicle Types, 2021-2031 F |
19. Rest of Africa Tire Market Overview |
19.1 Rest of Africa Tire Market Revenues, 2021-2031F |
20. Africa Tire Market Key Performance Indicators |
21. Africa Tire Market Opportunity Assessment |
21.1 Africa Tire Market Opportunity Assessment, By Origin, 2031F |
21.2 Africa Tire Market Opportunity Assessment, By Types, 2031F |
21.3 Africa Tire Market Opportunity Assessment, By End Users, 2031F |
21.4 Africa Tire Market Opportunity Assessment, By Vehicle Types, 2031F |
22. Africa Tire Market Competitive Landscape |
22.1 Africa Tire Market Revenue Share, By Companies, 2024 |
22.1.1 South Africa Tire Market Revenue Share, By Companies, 2024 |
22.1.2 Egypt Tire Market Revenue Share, By Companies, 2024 |
22.1.3 Kenya Tire Market Revenue Share, By Companies, 2024 |
22.1.4 Ethiopia Tire Market Revenue Share, By Companies, 2024 |
22.1.5 Nigeria Tire Market Revenue Share, By Companies, 2024 |
22.1.6 Algeria Tire Market Revenue Share, By Companies, 2024 |
22.1.7 Morocco Tire Market Revenue Share, By Companies, 2024 |
22.1.8 Tanzania Tire Market Revenue Share, By Companies, 2024 |
22.1.9 Ghana Tire Market Revenue Share, By Companies, 2024 |
22.2 Africa Tire Market Competitive Benchmarking, By Operating Parameters |
23. Company Profiles |
24. Key Strategic Recommendations |
25. Disclaimer |