Africa Two-Wheeler Tire Market to Grow with a CAGR of 6.89% through 2029
The
Africa two-wheeler tire market thrives due to expanding rural connectivity,
rising delivery services, increasing affordability of motorcycles, and growing
demand for eco-friendly tire options.
According to
TechSci Research report, “Africa Two-Wheeler Tire Market – By Country, Competition
Forecast & Opportunities, 2019-2029F”, Africa Two-Wheeler Tire Market was valued at USD 3.79
Billion in 2023 and is expected to reach USD 5.63 Billion by 2029 with a CAGR
of 6.89% during the forecast period. The Africa Two-Wheeler Tire Market
is expanding swiftly due to various essential factors. Motorcycles and scooters
are becoming more popular as affordable and efficient transport choices,
particularly in cities with traffic congestion and high fuel prices. The
increase in disposable income among African consumers has made motorcycles more
attainable, enabling them to serve both personal and commercial needs.
A key driver of
this growth is the rise of motorcycle-based delivery services, fueled by the
boom in e-commerce across the Country. These services require resilient,
high-performance tires to meet the demands of logistics and transport.
Consequently, there is a growing need for tires designed to endure various
terrains and weather conditions.
Advancements in
road infrastructure are facilitating longer distance travel, improving
connections between urban and rural locations. This has further stimulated the
need for two-wheelers. The establishment of local production facilities in
several African nations has also made tires more affordable and accessible,
promoting market growth.
In response to
the increasing demand, manufacturers are concentrating on creating a range of
tires that address both personal and commercial requirements, including more
sustainable options. The market is set for continued growth as the
need for motorcycles and tires rises across the continent.
Continuous innovation in tire technology is a major driver for the Africa two-wheeler tire market. Manufacturers are increasingly focusing on developing tires that offer better performance, longer life, and improved safety features. Innovations in tire design, such as radial tires offering superior grip, stability, and fuel efficiency, are gaining traction among consumers. Manufacturers are also introducing puncture-resistant and all-terrain tires to cater to various needs, including those of off-road motorcycle riders. Furthermore, with the rise of electric motorcycles and e-bikes in the countries, there is a growing demand for specialized tires that offer low rolling resistance and are designed to accommodate the unique demands of electric two-wheelers. These technological advancements ensure that two-wheeler tires remain relevant and meet the diverse needs of the African market.
The digital transformation of sales and distribution channels is another notable trend in the African two-wheeler tire market. E-commerce platforms and online marketplaces are making it easier for consumers to purchase tires, and many tire manufacturers are focusing on expanding their online presence. This trend has been accelerated by the increasing penetration of smartphones and the internet, especially in urban areas. Online platforms enable consumers to compare prices, read reviews, and access a wider variety of tire options, which can drive demand for both high-end and budget-friendly products. The convenience of online shopping, coupled with door-to-door delivery services, is enhancing the consumer experience and transforming how tires are purchased in Africa.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Africa Two-Wheeler Tire Market”
The Africa
Two-Wheeler Tire Market is segmented into vehicle type, sales channel, tire
construction type, propulsion type and country.
Based on Vehicle Type, The scooter
segment is the fastest growing in the Africa two-wheeler tire market for
several unique reasons. Scooters are well-suited to Africa’s diverse terrain,
providing greater versatility in both urban and rural areas, where roads may be
less developed. Their lightweight nature also makes them easier to maneuver on
uneven surfaces, offering more accessibility for riders in remote countries. The
increasing popularity of scooter-sharing services in major African cities has
led to a rise in demand for scooters. These services offer an affordable and
convenient mode of transport for short trips, especially in congested urban
areas. The surge in youth mobility and a growing trend toward independent
travel in Africa has driven scooter sales. Government initiatives aimed at
promoting environmentally friendly transportation options have contributed to
the scooter’s growing appeal as an eco-conscious mode of transport.
Based on country, Nigeria is the
fastest growing country in Africa’s two-wheeler tire market due to its high
reliance on motorcycles for informal transport and business activities. In
rural areas and smaller towns, motorcycles are often the primary mode of
transport, as they provide a cost-effective and accessible solution where road
infrastructure is limited. Nigeria’s extensive oil industry
drives demand for two-wheelers, with many individuals in the sector using
motorcycles for commuting to remote locations. The rapid growth of the
"Okada" (motorcycle taxi) sector in Nigerian cities further
contributes to tire demand, as it provides affordable transportation in densely
populated areas. With the country’s entrepreneurial culture, many individuals
also use motorcycles for small businesses, such as delivery services, fueling
the need for durable and specialized tires. Moreover, the Nigerian government’s
efforts to improve the local manufacturing sector are helping meet the demand
for high-quality, cost-efficient two-wheeler tires.
Major companies
operating in Africa Two-Wheeler Tire Market are:
- MICHELIN TYRE COMPANY SOUTH AFRICA (PTY) LTD.
- Sumitomo Rubber South Africa (Pty) Ltd (SRSA)
- CST International (Maxxis)
- TiAuto Investments (Pty) Ltd
- MRF LIMITED
- Apollo Tyres Ltd
- Kenda Rubber Industrial Company, LTD.
- YOKOHAMA TWS
- SHANDONG WANDA BOTO TYRE CO., LTD
- Shinko Tyres South Africa
Download Free Sample Report
Customers can
also request for 10% free customization in this report.
“A key trend in
Africa’s two-wheeler tire market is the growing shift toward locally
manufactured, cost-effective tires tailored to the countries diverse road
conditions. The rise in demand for durable tires for commercial
motorcycles, such as delivery services, is driving innovation in tire longevity
and performance. “Said Mr. Karan Chechi, Research Director of TechSci Research,
a research-based management consulting firm.
"Africa Two-Wheeler Tire
Market By Vehicle Type (Motorcycle, Moped, Scooter), By Sales Channel (OEM,
Replacement), By Tire Construction Type (Radial, Bias), By Propulsion Type (ICE,
Electric, Others), By Country, Competition, Forecast & Opportunities, 2019-2029F”,
has evaluated the future growth potential of Africa Two-Wheeler 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 take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Africa Two-Wheeler Tire Market.
Contact Us-
TechSci Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com