Nigeria Tire Market (2019-2025) | Trends, Growth, Outlook, Share, Analysis, Companies, Value, Revenue, Forecast, Industry & Size

Nigeria tire market witnessed moderate growth in recent years on account of sluggish economic growth and political instability in the country. However, rising automotive manufacturing and assembly in the country would drive Nigeria Tire Market Growth during the forecast period.

According to 6Wresearch, Nigeria Tire Market size is projected to grow at a CAGR of 2.4% during 2019-2025. The majority of the motor vehicles entering the Nigerian automotive market are used vehicles from Europe and the U.S.A. and thus, the Nigerian tire market is driven by the demand for replacement tires. Two-wheeler tires captured the majority of the volume share in the Nigeria tire market due to the high popularity of the two-wheeler in the country and the shorter life of two-wheeler tires when compared to tires in other segments. However, truck and buses tire segments had the highest revenue share in overall Nigeria Tire Market Revenue owing to higher prices and prominent use of commercial and public transport by the Nigerian citizens.

Based on types, radial tires dominated the Nigeria Tire Market due to certain advantages such as higher fuel efficiency and longer life offered by them. Some of the key players in the Nigerian tire market are Goodyear, Pirelli, Continental, Bridgestone, Michelin, and Chinese players.

The Nigeria tire market report comprehensively covers the market by types, vehicle types, and end-users. The Nigeria tire market outlook report provides an unbiased and detailed analysis of the ongoing Nigeria tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Nigeria Tire market experienced moderate growth in the economic and political Nigeria. The rising of the manufacturing and assembly of the country tire market takes place. Nigeria tire market is more in demand because they do replacement of the tires, two-wheeler tires are the high popularity in the country.  Nigeria's. The rising of the manufacturing and assembly of the country tire market takes place.

Favorable policies in order to safeguard the automotive sector are driving the Nigeria Tire Market Share. However, the market suffered a decline owing to the influx of inexpensive Chinese tires. The registration of new vehicles also suffered a decline during the past years. 

Key Highlights of the Report:

• Nigeria Tire Market Overview
• Nigeria Tire Market Outlook
• Nigeria Tire Market Forecast
• Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018
• Nigeria Tire Market Size and Nigeria Tire Market Forecast of Revenues & Volume until 2025F
• Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018, By Vehicle Types.
• Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By Vehicle Types
• Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2016-2018, By End Users
• Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By End Users
• Historical Data of Nigeria Tire Market Revenues & Volume for the Period 2013-2018, By Types
• Market Size & Forecast of Nigeria Tire Market Revenues & Volume until 2025F, By Types
• Nigeria Tire Market Drivers and Restraints
• Nigeria Tire Market Trends and Industry Life Cycle
• Nigeria Tire Market Porter’s Five Force Analysis
• Nigeria Tire Market Opportunity Assessment
• Nigeria Tire Market Share, By Regions
• Nigeria Tire Market Share, By Companies
• Nigeria Tire Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations 

Markets Covered

The Nigeria tire market report provides a detailed analysis of the following market segments:

By Vehicle Types

• Truck and Bus Tires
• Light Truck Tires
• Passenger Car Tires
• Two-Wheeler Tires

By End Users

• OEM (Original Equipment Manufacturer)
• Replacement

By Types

• Radial Tires
• Bias Tires