Nigeria Tire Market (2019-2025) | Trends, Growth, Outlook, Share, Analysis, Companies, Value, Revenue, Forecast, Industry & Size
Market Forecast By Types (Radial Tires and Bias Tires), By End Users (OEM and Replacement), By Vehicle Types (Trucks and Bus, Light Trucks, Two-Wheelers and Passenger Cars), and Competitive Landscape
| Product Code: ETC001387 | Publication Date: Apr 2022 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 24 | ||
Nigeria Tire Market Competition 2023
Nigeria Tire market currently, in 2023, has witnessed an HHI of 2289, Which has decreased slightly as compared to the HHI of 4488 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
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
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1. Report Description |
| 2.2. Key Highlights of the Report |
| 2.3. Market Scope & Segmentation |
| 2.4. Research Methodology |
| 2.5. Assumptions |
| 3. Nigeria Tire Market Overview |
| 3.1. Nigeria Country Indicators |
| 3.2. Nigeria Tire Market Revenues & Volume, 2016-2025F |
| 3.3. Nigeria Tire Market - Industry Life Cycle, 2018 |
| 3.4. Nigeria Tire Market – Porter’s Five Force Model |
| 4. Nigeria Tire Market Dynamics |
| 4.1. Impact Analysis |
| 4.2. Market Drivers |
| 4.3. Market Restraints |
| 5. Nigeria Tire Market Overview, By End User |
| 5.1. Nigeria Tire Market Revenues and Volume Share, By End User, 2018 & 2025F |
| 5.2. Nigeria Tire Market Revenue and Volume, By End User, 2016-2025F |
| 5.2.1 Nigeria Tire Market Revenue and Volume, By OEM, 2016-2025F |
| 5.2.2 Nigeria Tire Market Revenue and Volume, By Replacement, 2016-2025F |
| 6. Nigeria Tire Market Overview, By Vehicle Types |
| 6.1. Nigeria Tire Market Revenue and Volume Share, By Vehicle Types, 2018 & 2025F |
| 6.2. Nigeria Passenger Car Tire Market Revenues and Volume, 2016-2025F |
| 6.3. Nigeria Truck and Bus Tire Market Revenues and Volume, 2016-2025F |
| 6.3.1. Nigeria Truck and Bus Tire Market Revenue and Volume Share, By Types, 2018 & 2025F |
| 6.3.1.1. Nigeria Truck and Bus Tire Market Revenues and Volume, By Types, 2016-2025F |
| 6.3.1.1.1 Nigeria Truck and Bus Radial Tire Market Revenue and Volume, 2016-2025F |
| 6.3.1.1.2 Nigeria Truck and Bus Bias Tire Market Revenue and Volume, 2016-2025F |
| 6.4. Nigeria Light Truck Tire Market Revenues and Volume, 2016-2025F |
| 6.4.1. Nigeria Light Truck Tire Market Revenue and Volume Share, By Types, 2018 & 2025F |
| 6.4.1.1. Nigeria Light Truck Tire Market Revenues and Volume, By Types, 2016-2025F |
| 6.3.1.1.1 Nigeria Light Truck Radial Tire Market Revenue and Volume, 2016-2025F |
| 6.3.1.1.2 Nigeria Light Truck Bias Tire Market Revenue and Volume, 2016-2025F |
| 6.5. Nigeria Two-Wheeler Tire Market Revenues and Volume, 2016-2025F |
| 7. Nigeria Tire Market Key Performance Indicators |
| 7.1 Malaysia Government Spending Outlook |
| 7.2 Malaysia Automotive Sector Outlook |
| 8. Nigeria Tire Market Opportunity Assessment |
| 8.1. Nigeria Tire Market Opportunity Assessment, By Vehicle Types, 2025F |
| 8.2. Nigeria Tire Market Opportunity Assessment, By End User, 2025F |
| 9. Nigeria Tire Market-Competitive Landscape |
| 9.1. Nigeria Tire Market Competitive Benchmarking, By Vehicle Types |
| 9.2. Nigeria Tire Market Revenue Share, By Companies, 2018 |
| 10. Company Profiles |
| 10.1. Bridgestone Middle East & Africa FZE |
| 10.2. Triangle Tyre Co. Ltd. |
| 10.3. MRF Limited |
| 10.4. The Goodyear Tire & Rubber Company |
| 10.5. Continental AG |
| 10.6. The Yokohama Rubber Co., Ltd. |
| 10.7. General Company Establishment Michelin |
| 10.8. Maxxis International – Middle East and Africa |
| 10.9. Pirelli & C. S.p.A. |
| 11. Key Strategic Recommendations |
| 12. Disclaimer |
| List of Figures |
| Figure 1. Nigeria Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 2. Nigeria Tire Market Revenue Share, By End Users, 2018 & 2025F |
| Figure 3. Nigeria Tire Market Volume Share, By End Users, 2018 & 2025F |
| Figure 4. Nigeria Tire Market Revenues and Volume, By OEM, 2016-2025F ($ Million, Million Units) |
| Figure 5. Nigeria Tire Market Revenues and Volume, By Replacement, 2016-2025F ($ Million, Million Units) |
| Figure 6. Nigeria Tire Market Revenue Share, By Vehicle Types, 2018 & 2025F |
| Figure 7. Nigeria Tire Market Volume Share, By Vehicle Types, 2018 & 2025F |
| Figure 8. Nigeria Passenger Car Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 9. Nigeria Truck and Bus Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 10. Nigeria Truck and Bus Tire Market Revenue Share, By Types, 2018 & 2025F |
| Figure 11. Nigeria Truck and Bus Tire Market Volume Share, By Types, 2018 & 2025F |
| Figure 12. Nigeria Radial Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 13. Nigeria Bias Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 14. Nigeria Light Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 15. Nigeria Light Truck Tire Market Revenue Share, By Types, 2018 & 2025F |
| Figure 16. Nigeria Light Truck Tire Market Volume Share, By Types, 2018 & 2025F |
| Figure 17. Nigeria Radial Light Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 18. Nigeria Bias Light Truck Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 19. Nigeria Two-Wheeler Tire Market Revenues and Volume, 2016-2025F ($ Million, Million Units) |
| Figure 20. Nigeria Actual Government Spending Vs Actual Government Revenues, 2015-2024F (Naira Trillion) |
| Figure 21. Nigeria Tire Market Opportunity Matrix, By Vehicle Type, 2025F |
| Figure 22. Nigeria Tire Market Opportunity Matrix, By End User, 2025F |
| Figure 23. Kenya Tire Market Revenue Share, By Company, 2018 |
| Figure 24. Tire Market – Ansoff Matrix |
| List of Tables |
| Table 1. Nigeria Vehicle Sales Data, 2016-18 (Units) |
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