Press Release

Egypt Tire Market to Grow with a CAGR of 8.45% Through 2029

In Egypt, government initiatives to boost local tire manufacturing, policies supporting domestic production, and incentives for manufacturers to set up plants in the country are the factors driving the market in the forecast period 2025-2029.


According to TechSci Research report, “Egypt Tire Market - By Region, Competition Forecast & Opportunities, 2029F", the Egypt Tire market was valued at USD 1.24 Billion in 2023 and is expected to reach USD 2.01 Billion by 2029 with a CAGR of 8.45% during the forecast period.

The Egypt tire market is experiencing significant growth driven by increasing investments from global manufacturers and strong government initiatives to boost local production. As Egypt positions itself as a strategic hub for the Middle East and African regions, foreign investments are enhancing the country’s manufacturing capabilities to cater to growing regional demand. The government’s support for local manufacturing aims to reduce dependency on imports while improving production quality. 

The tire market in Egypt is entering a dynamic growth phase, fueled by increasing investments from global players and a strong governmental push towards local manufacturing. With Egypt strategically located as a central hub for the Middle East and Africa, global tire manufacturers are keenly investing in the country, recognizing its potential as a key production center for the entire region. This influx of investment is not only aimed at meeting domestic demand but also at leveraging Egypt’s proximity to growing markets in Africa and the Middle East. The government’s supportive policies, such as tax incentives and industrial growth zones, are creating a favorable environment for local tire manufacturing. These initiatives are driving the establishment of state-of-the-art tire production facilities, which aim to reduce Egypt’s dependency on imports while enhancing the quality and competitiveness of locally produced tires.

As global players look to capture growth opportunities in the wider Middle Eastern and African regions, Egypt’s tire market has become increasingly attractive due to its developing infrastructure, skilled workforce, and favorable economic conditions. With expanding vehicle fleets and rising consumer demand for both passenger and commercial vehicles, the need for high-quality, cost-efficient tires is growing. The local manufacturing capabilities are being enhanced to cater not only to Egypt’s domestic market but also to export markets in neighboring regions. The government’s commitment to bolstering the local manufacturing sector, alongside the global players’ investments, has positioned Egypt as a key player in the regional tire industry.

Challenges remain, such as raw material price volatility and the continuing dominance of imports in certain tire categories. However, with increasing foreign investments, there is significant potential for local manufacturers to enhance production efficiency, adopt advanced technologies, and increase tire production capacity to serve regional markets. Egypt’s role as a tire manufacturing hub is set to strengthen, benefiting from its strategic location and the growing demand across the Middle Eastern and African regions. This shift towards local production is expected to provide long-term growth opportunities for the industry, with Egypt emerging as a central player in the global tire market.

 

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The Egypt Tire Market is segmented into Vehicle Type, Demand Category, Tire Construction Type, and Region.

The Egypt tire market is segmented by tire construction type into radial and bias tires, with both types having specific uses and demand patterns in the country. Radial tires are designed with layers of steel belts that run perpendicular to the direction of travel, offering improved durability, better fuel efficiency, and superior handling compared to bias tires. Due to these characteristics, radial tires are preferred for passenger vehicles and commercial fleets, especially for long-distance travel and heavy-duty usage. In Egypt, the demand for radial tires has grown steadily as consumers increasingly value safety and performance, particularly on highways and well-maintained roads. The greater lifespan of radial tires also makes them an attractive option for fleet operators who seek cost-efficient, long-lasting solutions for their vehicles.

On the other hand, bias tires, which are made with diagonal layers of cords, are typically more rigid and are known for their strong load-bearing capacity. These tires are often used in heavy-duty vehicles like trucks, construction vehicles, and off-road vehicles that operate under harsh conditions. Bias tires are favored for their resilience and ability to withstand high stresses, especially in regions where the road conditions may be challenging or less developed. In Egypt, the usage of bias tires is particularly evident in the agricultural and industrial sectors, where the heavy-duty requirements of vehicles demand tires that can perform well under extreme conditions. Bias tires are also commonly found in vehicles used for local transportation and in areas outside major urban centers where roads may be unpaved or rugged.

The demand for both radial and bias tires is influenced by factors such as vehicle type, road conditions, and consumer preferences. For instance, while radial tires are becoming more common in urban areas and for long-distance travel, bias tires remain essential for commercial and industrial sectors that rely on heavy-duty vehicles. The tire market in Egypt is also shaped by the shifting consumer focus on tire performance, safety, and durability, with radial tires offering a significant advantage in terms of fuel efficiency and comfort. In contrast, bias tires are still preferred for specific industrial applications, where their sturdiness and resistance to wear are critical.

As the demand for both tire types continue to grow, the Egypt tire market is witnessing a gradual shift toward radial tires, driven by increasing vehicle ownership, improvements in road infrastructure, and greater consumer awareness about safety and efficiency. However, bias tires will remain an essential segment of the market, particularly for vehicles operating in more demanding environments. The segment dynamics between radial and bias tires reflect the diversity of Egypt’s vehicle fleet and the varied driving conditions across the country.

Based on region, The fastest-growing region for tires in Egypt in 2023 is Alexandria, driven by its expanding industrial base, increasing vehicle ownership, and its strategic importance as a port city. Alexandria's growth as a commercial hub, with a strong presence in manufacturing, trade, and logistics, has led to an uptick in demand for both passenger and commercial vehicle tires. As the city’s infrastructure develops, more vehicles are being introduced, contributing to a rise in tire consumption across various sectors, from personal transport to freight and public transport. The continued expansion of road networks and growing consumer awareness about vehicle maintenance further support the demand for high-quality tires. Additionally, Alexandria’s role as a coastal city with heavy industrial activity drives the need for durable, high-performance tires that can withstand the challenges of both urban and industrial environments. With its vibrant economy and increasing vehicle fleet, the tire market in Alexandria is expected to continue its growth trajectory through the forecast period.


Major market players operating in the Egypt Tire market are:

  • Bridgestone Middle East & Africa FZE
  • Michelin AIM FZE
  • Continental Middle East DMCC
  • Goodyear Tire & Rubber Company
  • Sumitomo Rubber Middle East FZE
  • Pirelli Type (Alexandria Tire Co.)
  • Transport and Engineering Co.
  • Linglong Tire
  • Pyramids Tires Co.
  • Hankook Tire & Technology Co., Ltd.


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"As the automotive market in Egypt continues to grow, we’re seeing a clear increase in the demand for quality tires. With more cars and commercial vehicles hitting the roads, especially in cities like Alexandria, the need for tires that can handle different road conditions is growing fast. The government’s push to boost local tire production, along with strong investments from global players, is making Egypt an even more attractive market. All of this is creating a strong environment for tire growth, and we expect this trend to continue in the coming years," said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

Egypt Tire Market By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheeler), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Region, Competition, Forecast & Opportunities, 2019-2029F”, evaluates the future growth potential of Egypt Tire market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Egypt Tire market.

 

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Egypt Tire Market By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheeler), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Region, Competition, Forecast & Opportunities, 2019-2029F

Automotive | Dec, 2023

The Egypt tire market is driven by the increasing vehicle fleet size, rising demand for fuel-efficient and durable tires, and government initiatives promoting local manufacturing. These are the factors driving the market in the forecast period 2025-2029.

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