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) and Competitive Landscape
Product Code: ETC001637 | Publication Date: Aug 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report name | Tanzania Tire (Tyre) Market |
Forecast period | 2025-2031 |
CAGR | 5.5% |
Growing Sector | Automotive |
The Tanzania Tire (Tyre) Market report thoroughly covers the market by Types, Origin, End Users, and Vehicle Types. 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 Tire (Tyre) Market in Tanzania has witnessed steady growth in recent years. The market is expected to continue its growth during 2024 – 2030. This growth is attributed to various factors such as the automotive industry, policies of the government, commercial vehicles, and distribution networks.
According to 6Wresearch, the Tanzania Tire (Tyre) Market size is expected to grow at a significant CAGR of 5.5% during 2025-2031. The automotive industry is growing rapidly due to the rise in disposable income of the people and urbanization. With more people having spending power, the demand for tyres is increasing in Tanzania. Moreover, the government has supported and promoted foreign investment in the tyre industry through tax exemptions and incentives to the tyre manufacturer, thus driving the tyre market. Another driver for the tyre market is the increase in a number of commercial vehicles due to booming trade and economic activities. Furthermore, the expansion of distribution networks has helped manufacturers by making their products more accessible to consumers. This has increased competition among manufacturers, which led to improvements in the quality and prices of tyres in the market.
However, despite having growing factors, the market still faces some challenges. The road infrastructure in Tanzania is poor and inadequate making read and tear of the tyres frequently. The presence of counterfeit tyres in the market is another challenge faced by the market. these tyres are cheaper and lower quality, posing safety risks to the customer. The lack of skilled labour is a significant challenge in the Tanzania tyre market. moreover, the reliance of Tanzania on imported tyres is another challenge for the market as the prices of these imported tyres are subjected to fluctuations.
Key players in the Tanzania tire market include companies such as Apollo Tyres Ltd., Birla Tyres, Continental AG, Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin Group, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd., and Yokohama Rubber Co. Ltd. The Tyre market of Tanzania is highly competitive with both domestic and international players having a strong presence in the market. These players are continuously innovating and investing in research and development to meet the demands of the changing customer needs.
The government of Tanzania has taken several initiatives to boost the tyre market in the country. One of these initiatives is the import duty reduction on tires which aims to reduce the cost of importing tires and make them affordable for consumers. Another initiative taken by the Tanzanian government is the establishment of a national tyre manufacturing plant. This plant produces radial tyres for both passenger and commercial vehicles. Furthermore, the government has implemented strict regulations on the quality of tyres imported into the country to ensure high-quality and safe tyres are available in the market. Furthermore, the government has also promoted the partnership between local and foreign tyre manufacturers.
The tire market in Tanzania is expected to continue its growth in the coming years. The market is likely to rise due to the growing population, increase in disposable income of the people, and developments in the automotive industry. With the use of advanced technology in the manufacturing of tyres, the market is able to produce more efficient and good quality tyres. The adoption of eco-friendly tyres and support from the government will contribute towards the growth of the tyre market in Tanzania.
According to Ravi Bhandari, Research Head, 6Wresearch, passenger cars dominate the market due to increasing disposable income and rising demand for personal vehicles.
Based on the end users, the replacement segment is expected to grow in the coming years due to poor road conditions and lack of proper maintenance.
The report provides a detailed analysis 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. Tanzania Tire Market Overview |
3.1 Country Indicators |
3.2 Tanzania Tire Market Revenues and Volume, 2021-2031F |
3.3 Tanzania Tire Market Revenue Share, By Origin, 2021&2031F |
3.4 Tanzania Tire Market Revenue Share, By Types, 2021&2031F |
3.5 Tanzania Tire Market Revenue Share, By End Users, 2021&2031F |
3.6 Tanzania Tire Market Revenue Share, By Vehicle Types, 2021&2031F |
3.7 Tanzania Tire Market - Industry Life Cycle |
3.8 Tanzania Tire Market - Porter’s Five Forces |
4. Tanzania Tire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Tanzania Tire Market Trends |
6. Tanzania Tire Market Overview, By Origin |
6.1 Tanzania Local Manufacturing Tire Market Revenues and Volume, 2021-2031F |
6.2 Tanzania Imports Tire Market Revenues and Volume, 2021-2031F |
7. Tanzania Tire Market Overview, By Types |
7.1 Tanzania Tire Market Revenue and Volume, By Biased Tire, 2021-2031F |
7.2 Tanzania Tire Market Revenue and Volume, By Radial Tire, 2021-2031F |
8. Tanzania Tire Market Overview, By End Users |
8.1 Tanzania Tire Market Revenue and Volume, By Replacement , 2021-2031F |
8.2 Tanzania Tire Market Revenue and Volume, By OEM , 2021-2031F |
9. Tanzania Tire Market Overview, By Vehicles Types |
9.1 Tanzania Tire Market Revenue and Volume, By Trucks , 2021-2031F |
9.2 Tanzania Tire Market Revenue and Volume, By Light Trucks , 2021-2031F |
9.3 Tanzania Tire Market Revenue and Volume, By Two-Wheelers , 2021-2031F |
9.4 Tanzania Tire Market Revenue and Volume, By Passenger Cars , 2021-2031F |
10. Tanzania Tire Market Key Performance Indicators |
11. Tanzania Tire Market Opportunity Assessment |
11.1 Tanzania Tire Market Opportunity Assessment, By Origin, 2031F |
11.2 Tanzania Tire Market Opportunity Assessment, By Types, 2031F |
11.3 Tanzania Tire Market Opportunity Assessment, By End Users, 2031F |
11.4 Tanzania Tire Market Revenue Share, By Vehicle Types, 2031F |
12. Tanzania Tire Market Competitive Landscape |
12.1 Tanzania Tire Market Revenue Share, By Companies, 2024 |
12.2 Tanzania Tire Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |
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)and Competitive Landscape
Product Code: ETC001637 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Tanzania has witnessed strong growth in tire sales in recent years on account of the rising automotive fleet due to the growing income of the middle-class population coupled with developing transportation infrastructure. An increase in vehicle sales and consumer spending would continue to be the key drivers behind the growth of the Tanzania tire market over the coming years. The growing demand for tires in Tanzania has led to a hard competition among the tire manufacturers from all over the world seeking to collect a major share of the market for tires in the new evolving market.
According to 6Wresearch, Tanzania Tire (Tyre) Market is projected to grow during 2020-2026. Tanzania is an import driven automobile market, and thus, growing distributor and dealer network is evolving as a critical factor for increasing tire sales in a specific country. Moreover, the government has taken initiatives such as the Tanzania Vision 2025 which is expected to lead towards the development of the industrial sector in the country, thereby leading to an increase in demand for OTR tires over the coming years.
Based on vehicle types, passenger car is expected to dominate the market share of Tanzania tire market due to the high ratio of registered passenger cars. In East Africa, the tire production is going through a major transformation as the demand and supply have been bothered by the past economic crisis which remains to have a huge impact on Tanzania tire market. Tanzania has increased their vehicle imports in a high ratio as compared to past years and also expected growth in Tanzania tire market during the forecast period.
Tanzania Tire market report thoroughly covers the market by origin, types, vehicle types, and end users. Tanzania Tire market outlook provides an unbiased and detailed analysis of the on-going Tanzania Tire 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.
Key Highlights of the Report
Markets Covered:
The Tanzania Tire Market report provides a detailed analysis of the following market segments: